Walmart (HAM:WMT) EBIT: €28,658 Mil (TTM As of Apr. 2026)


HAM:WMT Walmart Inc HAM:WMT
86 GF Score
Price €102.82
GF Value €83.56
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Walmart EBIT?

Walmart HAM:WMT -2.54% 86 EBIT is €28,658 Mil as of Apr. 2026. GuruFocus rates HAM:WMT with a GF Score™ of 86/100 and a GF Value™ of €83.56 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Walmart's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2026 was €6,709 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was €28,658 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Walmart's annualized ROC % for the quarter that ended in Apr. 2026 was 10.64%. Walmart's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 19.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Walmart's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 3.28%.


Walmart  (HAM:WMT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Walmart's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=25626.06 * ( 1 - 23.2% )/( (183271.36 + 186642.225)/ 2 )
=19680.81408/184956.7925
=10.64 %

where

Invested Capital(Q: Jan. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=242252.468 - 78209.453 - ( 9128.677 - max(0, 91456.119 - 72227.774+9128.677))
=183271.36

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=247613.985 - 83363.355 - ( 9173.295 - max(0, 97968.465 - 75576.87+9173.295))
=186642.225

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Walmart's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26836.74/( ( (133569.556 + max(-17613.147, 0)) + (135980.91 + max(-16959.78, 0)) )/ 2 )
=26836.74/( ( 133569.556 + 135980.91 )/ 2 )
=26836.74/134775.233
=19.91 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9507.372 + 50082.201 + 3509.524) - (78209.453 + 2502.791 + 1.4551915228367E-11)
=-17613.147

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9116.01 + 53497.35 + 3790.215) - (83363.355 + 0 + 0)
=-16959.78

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Walmart's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=28657.76/873162.519
=3.28 %

* 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.


Walmart EBIT Related Terms


Walmart EBIT Historical Data

* Premium members only.

The historical data trend for Walmart's EBIT 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.

Walmart EBIT Chart

Walmart Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18,289.96 17,765.63 22,519.46 28,049.74 27,460.07

Walmart Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,901.59 8,645.42 7,619.33 5,683.83 6,709.19

HAM:WMT vs COST, TGT, DG: EBIT Comparison

For the Discount Stores subindustry, Walmart's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Walmart EV-to-EBIT vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Walmart's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Walmart's EV-to-EBIT falls into.


HAM:WMT
86GF Score
Walmart Inc HAM:WMT
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Walmart EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €28,658 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €28,658 Mil mean?
Walmart (HAM:WMT) has a EBIT of €28,658 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Walmart.
Is Walmart's EBIT too high?
Walmart's current EBIT is €28,658 Mil. Overall, Walmart has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Walmart's EBIT compare to COST and TGT?
Walmart's EBIT of €28,658 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Defensive company?
A good EBIT depends on the Retail - Defensive industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Walmart. Walmart's current EBIT is €28,658 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Walmart stock overvalued right now?
Based on GuruFocus' analysis, Walmart (HAM:WMT) is currently considered Modestly Overvalued. The stock's GF Value™ is €83.56, compared to a current price of €102.82 — trading 23% above its estimated fair value. The current EBIT is €28,658 Mil. Walmart's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Walmart (HAM:WMT), the current EBIT is €28,658 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Walmart (HAM:WMT) Overvalued in 2026?

Based on GuruFocus' analysis, Walmart stock appears to be overvalued. The current stock price of €102.82 is trading 23% above its estimated GF Value™ of €83.56. GuruFocus considers Walmart to be Modestly Overvalued.

Key valuation signals for HAM:WMT:

  • EBIT: €28,658 Mil
  • GF Value™: €83.56 vs. price of €102.82 (23% above fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the HAM:WMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Walmart Business Description

Address 1 Customer Drive, Bentonville, AR, USA, 72716
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $713 billion in fiscal 2026 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2026 sales), Walmart International (19%), and Sam's Club (13%).Within the US, nearly 60% of its $486 billion in fiscal 2026 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
86GF Score

Get the complete analysis for HAM:WMT

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€102.82
Price
€83.56
GF Value