Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Walmart Inc., consolidated income statement

US$ in millions

12 months ended:	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Net sales	674,538)	642,637)	605,881)	567,762)	555,233)	519,926)
Cost of sales	(511,753)	(490,142)	(463,721)	(429,000)	(420,315)	(394,605)
Gross profit	162,785)	152,495)	142,160)	138,762)	134,918)	125,321)
Membership and other income	6,447)	5,488)	5,408)	4,992)	3,918)	4,038)
Operating, selling, general and administrative expenses	(139,884)	(130,971)	(127,140)	(117,812)	(116,288)	(108,791)
Operating income	29,348)	27,012)	20,428)	25,942)	22,548)	20,568)
Interest expense, debt and finance lease	(2,728)	(2,683)	(2,128)	(1,994)	(2,315)	(2,599)
Interest income	483)	546)	254)	158)	121)	189)
Interest, net	(2,245)	(2,137)	(1,874)	(1,836)	(2,194)	(2,410)
Loss on extinguishment of debt	—)	—)	—)	(2,410)	—)	—)
Other gains and (losses)	(794)	(3,027)	(1,538)	(3,000)	210)	1,958)
Income before income taxes	26,309)	21,848)	17,016)	18,696)	20,564)	20,116)
Provision for income taxes	(6,152)	(5,578)	(5,724)	(4,756)	(6,858)	(4,915)
Consolidated net income	20,157)	16,270)	11,292)	13,940)	13,706)	15,201)
Consolidated net (income) loss attributable to noncontrolling interest	(721)	(759)	388)	(267)	(196)	(320)
Consolidated net income attributable to Walmart	19,436)	15,511)	11,680)	13,673)	13,510)	14,881)

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Walmart Inc. net sales increased from 2023 to 2024 and from 2024 to 2025.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Walmart Inc. operating income increased from 2023 to 2024 and from 2024 to 2025.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Walmart Inc. income before income taxes increased from 2023 to 2024 and from 2024 to 2025.
Consolidated net income attributable to Walmart	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Walmart Inc. consolidated net income attributable to Walmart increased from 2023 to 2024 and from 2024 to 2025.

Walmart Inc. (NYSE:WMT)

Income Statement