The Business Study
Walmart Inc. · WMTHow Walmart makes money
Walmart brought in $713 billion in revenue in the year ended January 31, 2026 and kept $21.9 billion as profit: $3.07 of every $100. Its biggest source of money was Walmart U.S., at $486 billion (68% of the total).
From Walmart's Form 10-K for the year ended January 31, 2026. Page updated November 8, 2026.
Out of every $100 Walmart took in, it kept
Where Walmart's money comes from. 3 lines in its 10‑K.
Where the profit comes from. Operating profit by segment.
Operating profit (operating income) by the business segments Walmart reports, before corporate costs not assigned to a segment.
6 years of Walmart's revenue and profit.
Fiscal years as Walmart reports them; the latest ended January 31, 2026. Profit is net income.
Quick answers about Walmart.
How does Walmart make money?
Walmart sells groceries and general goods at low margins in huge volume, through Walmart U.S., Sam's Club and stores abroad. The biggest line in its latest 10-K is Walmart U.S. ($486 billion).
How much money does Walmart make a year?
$713 billion in revenue in the year ended January 31, 2026, and $21.9 billion in net profit. That's up 5% from the year before.
Is Walmart profitable?
Yes. Walmart made $21.9 billion in net profit in the year ended January 31, 2026, which is $3.07 of every $100 it took in.
How many employees does Walmart have?
About 2,100,000 associates as of January 31, 2026. That works out to $339,601 in revenue per employee.
Which part of Walmart makes the most profit?
Walmart U.S., with $25.2 billion in operating profit in the year ended January 31, 2026.
Is Walmart growing?
Yes. Revenue went from $559 billion in 2020 to $713 billion in 2025, up 28%.
Compare Walmart.
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See who winsSource: Walmart Inc., annual report on Form 10-K for the fiscal year ended January 31, 2026, filed with the SEC on March 13, 2026.
Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.