Walmart Inc.

Retail-Variety Stores·BENTONVILLE, AR·FY end 01/31·CIK 104169

CEO Pay Ratio

958:1

Doug McMillon

CEO Total Comp

$29.2M

Doug McMillon

Median Employee

$30,520

Revenue

$713.2B

FY 2026

Net Income

$21.9B

FY 2026

Free Cash Flow

$14.9B

FY 2026

Net Margin

3.1%

Insider Net (180d)

-$759.2M

0 buys / 19 sales

CEO Pay Accountability

CEO comp as % of net income

0.13%

For every $1,000 of profit, $1.34 flows to the CEO.

CEO comp as % of buybacks

0.36%

CEO comp equals 3.6‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	Trend
Revenue	$713.2B	$681.0B	$648.1B	$611.3B	$572.8B
Gross Profit	—	—	—	—	—	—
Operating Income	$29.8B	$29.3B	$27.0B	$20.4B	$25.9B
Net Income	$21.9B	$19.4B	$15.5B	$11.7B	$13.7B
Operating CF	$41.6B	$36.4B	$35.7B	$28.8B	$24.2B
Capex	$26.6B	$23.8B	$20.6B	$16.9B	$13.1B
Free Cash Flow	$14.9B	$12.7B	$15.1B	$12.0B	$11.1B
Buybacks	$8.1B	$4.5B	$2.8B	$9.9B	$9.8B
Dividends	$7.5B	$6.7B	$6.1B	$6.1B	$6.2B

Gross Margin	—	—	—	—	—	—
Operating Margin	4.2%	4.3%	4.2%	3.3%	4.5%
Net Margin	3.1%	2.9%	2.4%	1.9%	2.4%
FCF Margin	2.1%	1.9%	2.3%	2.0%	1.9%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	24.4%	23.4%	25.5%	33.6%	25.4%
Debt / Equity	0.73	0.76	0.90	0.96	0.87
Buybacks / FCF	54.2%	35.5%	18.4%	82.8%	88.4%

FY 2026

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Daniel Danker	$435.7K	$37.7M	—	$5.9M	$79.5K	$44.1M
Doug McMillonPresident and CEO	$1.5M	$21.1M	—	$4.0M	$2.7M	$29.2M
John FurnerEVP, President and CEO,	$1.3M	$22.3M	—	$2.8M	$1.0M	$27.3M
Suresh KumarEVP, Global Chief Technology	$1.1M	$13.2M	—	$2.3M	$141.1K	$16.7M
Walmart U.S.	$1.3M	$10.8M	—	$2.8M	$724.1K	$15.6M
John David RaineyEVP and CFO	$1.0M	$12.1M	—	$2.1M	$282.8K	$15.5M