Walmart Inc.

WMTNASDAQConsumer Defensive● Active

$118.88

+$1.14(+0.97%)

Market Cap$946.1B

P/E Ratio—

52W High$135.16

52W Low$93.43

Avg Volume20.2M

Open$118.28

Beta0.60

Overview

Walmart Inc. (WMT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

WMT · free cash flow · updated Jun 8, 2026

Core FCF metrics

WMT · FCF · TTM · margin & CAGR

Free cash flow was $14.92B for FY2026 (fiscal year ending 2026-01-31), up 17.9% year-over-year The FCF margin was 2.1%. Five-year CAGR stands at -10.4%.

FY2026 Free Cash Flow$14.92B▲ +17.9% YoY

Trailing 12M (TTM)$12.55Btrailing 4 quarters sum

FCF Margin2.1%$14.92B ÷ revenue

3-Year CAGR+7.6%FY2023 → FY2026

5-Year CAGR-10.4%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

WMT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$41.56B(26.64B)$14.92B▲ +17.9%2.1%

FY2025$36.44B(23.78B)$12.66B▼ 16.3%1.9%

FY2024$35.73B(20.61B)$15.12B▲ +26.2%2.3%

FY2023$28.84B(16.86B)$11.98B▲ +8.2%2.0%

FY2022$24.18B(13.11B)$11.07B▼ 57.1%1.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

WMT · P/FCF · FCF yield · FCF per share

Walmart Inc. (WMT) trades at a FCF yield of 1.33% and a price-to-free-cash-flow ratio of 75.7x. FCF per share stands at $1.57, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.33%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.57

TTM FCF ÷ Shares Outstanding

Price / FCF

x75.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x80.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-31

Cash flow statement summary

WMT · cash flow statement · operating / investing / financing

For FY2026, Walmart Inc. generated $41.56B in operating cash flow and spent 26.64B in capital expenditures, yielding $14.92B in free cash flow.

Operating Activities

+$41.56B

Cash from core business operations

2026-01-31

Investing Activities

−$26.35B

CapEx, acquisitions & investments

2026-01-31

Financing Activities

−$13.55B

Buybacks, dividends & debt

2026-01-31

FCF FormulaOperating CF ($41.56B) − |CapEx| (26.64B) = FCF ($14.92B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

WMT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Walmart Inc.YOU

WMT

$14.92B+17.9%2.1%

100%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Walmart Inc. (WMT) reported free cash flow of $14.92B for FY2026 (fiscal year ending 2026-01-31), up 17.9% year-over-year. The FCF margin was 2.1%.

Based on available data, Walmart Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $25.81B in FY2021. The 5-year CAGR stands at -10.4%.

Walmart Inc.'s FCF yield is 1.33% and price-to-FCF ratio is 75.7x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

WMT free cash flow · 8 questions

Walmart Inc. free cash flow was $14.92B for FY2026, up 17.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $12.55B.

WMT free cash flowWMT FCFWMT FCF 2026WMT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Walmart Inc. · Walmart Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026