Walmart (NYSE:WMT) Net Income

: $16,292 Mil (TTM As of Oct. 2023)

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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Walmart's Net Income for the three months ended in Oct. 2023 was $453 Mil. Its Net Income for the trailing twelve months (TTM) ended in Oct. 2023 was $16,292 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Walmart's Earnings per Share (Diluted) for the three months ended in Oct. 2023 was $0.17.

Walmart Net Income Historical Data

The historical data trend for Walmart's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Walmart Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Net Income

6,670.00

14,881.00

13,510.00

13,673.00

11,680.00

Walmart Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Net Income																-1,798.00	6,275.00	1,673.00	7,891.00	453.00

Walmart Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Walmart's Net Income for the fiscal year that ended in Jan. 2023 is calculated as

	Net Income		(A: Jan. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	17016	+	-5724	+	0	+	388
=	11,680

Walmart's Net Income for the quarter that ended in Oct. 2023 is calculated as

	Net Income		(Q: Oct. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	915	+	-272	+	0	+	-190
=	453

Net Income for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $16,292 Mil.

Walmart (NYSE:WMT) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Walmart's Earnings per Share (Diluted) (EPS) for the quarter that ended in Oct. 2023 is calculated as

Earnings per Share (Diluted) (Q: Oct. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(453	-	0)	/	2703.000
	=	0.17

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Walmart Net Income Related Terms

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Walmart (NYSE:WMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Walmart Inc (NYSE:WMT) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

WMT:Peru WMT:Mexico WMTd:UK 0R1W:UK WMTD:Germany WMT:Germany WMT:Germany WMT:Germany WMT:Germany WMT:Chile WMT:Canada WALM34:Brazil WMT:Austria WMT:Argentina

Address

702 S.W. 8th Street, Bentonville, AR, USA, 72716

Website

https://stock.walmart.com

Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,700 stores in the United States (5,300 including Sam's Club) and over 10,000 stores globally. Walmart generated over $420 billion in domestic namesake sales last year, with Sam's Club contributing another $84 billion to the firm's top line. Internationally, Walmart generated $100 billion in sales. The company serves around 240 million customers globally.

Executives

Christopher James Nicholas	officer: Executive Vice President	702 SW 8TH STREET, BENTONVILLE AR 72716
John D Rainey	officer: Executive Vice President	C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Randall L Stephenson	director	208 S. AKARD ST., DALLAS TX 75202
Donna Morris	officer: Executive Vice President	345 PARK AVENUE, SAN JOSE CA 95110
Kathryn J. Mclay	officer: Executive Vice President	702 S.W. 8TH STREET, BENTONVILLE AR 72716
Suresh Kumar	officer: Chief Technology Officer	860 W. CALIFORNIA AVE., SUNNYVALE CA 94086
Cesar Conde	director	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Stephen Easterbrook	director	MCDONALD'S CORPORATION, 110 NORTH CARPENTER STREET, CHICAGO IL 60607
Rachel L Brand	officer: Executive Vice President	702 S.W. 8TH STREET, BENTONVILLE AR 72716
Sarah Friar	director	C/O NEXTDOOR HOLDINGS, INC., 420 TAYLOR STREET, SAN FRANCISCO CA 94102
Judith J Mckenna	officer: Executive Vice President	702 S.W. 8TH STREET, BENTONVILLE AR 72716
Carla A Harris	director	702 SW 8TH STREET, BENTONVILLE AR 72716
John R. Furner	officer: Executive Vice President	702 SW 8TH STREET, BENTONVILLE AR 72716
David Chojnowski	officer: Senior Vice President	5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Marc E. Lore	officer: Executive Vice President	443 GREENWICH STREET, PHA, NEW YORK NY 10013