US · USD

WMT

Walmart Inc.

$103.92-2.70% (-$2.88)Updated 9/30/26, 5:28 PM

Day's range: $103.92 – $107.03
Day's volume: $2.9B
52-week range: $99.77 – $133.88

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WMT in numbers

Market cap: $824.5B

P/E: 37.35

P/B: 8.39

Dividend yield (12m): 0.94%

Net debt/EBITDA: 0.82

The 12-month dividend yield of WMT is 0.94%, below its 5-year average of 1.25%.

WMT price history

10/01/202509/30/2026

Compare with

WMT risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+3.57%	+96.89%	+122.11%
Volatility (annualized)	21.75%	20.53%	20.53%
Largest drawdown	-20.89%	-20.89%	-20.89%
Positive months	6/12	23/36	37/60

How much did investing in WMT return?

Amount invested

$1,000.00 invested on 10/01/2021 would be worth $2,221.13 today.

Value today in WMT: $2,221.13

Return over the period: +122.11%

Return per year: +17.32%

In the S&P 500: $1,661.44

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WMT fundamentals

Valuation

P/E
37.35
P/B
8.39
EV/EBITDA
18.22
EV/EBIT
26.75
EV/Revenue
1.19
P/EBIT
25.54
P/S
1.13
P/OCF
19.21
P/FCF
61.03
Earnings yield
3.74%
PEG ratio
—
Earnings per share
$2.78
Book value per share
$12.38

Debt

Net debt
$38.9B
Net debt/EBITDA
0.82
Net debt/Equity
0.40
Debt/Equity
0.51
Current ratio
0.77
Quick ratio
0.23
Cash ratio
0.10

Efficiency

Gross margin
24.47%
EBITDA margin
6.50%
Operating margin
4.43%
Net margin
3.03%
Asset turnover
2.48

Profitability

ROE
22.47%
ROA
7.51%
ROIC
18.07%
Payout
35.18%

Growth

Revenue CAGR (5 years)
5.33%
Earnings CAGR (5 years)
17.04%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is WMT's fair price?

Two classic value formulas, with today's numbers. The current price is $103.92.

Graham's fair price: $27.84; 73.21% below the price

√(22.50 × $2.78 × $12.38)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $13.19; 87.31% below the price

$0.79 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

WMT's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2026	2025	2024	2023	2022	2021	2020	2019
P/E	37.84	45.95	46.94	36.38	28.54	30.17	27.44	51.13
P/B	8.32	9.81	8.68	5.54	4.69	5.04	5.47	4.70
EV/EBITDA	19.59	21.81	19.52	14.52	11.30	12.89	14.21	11.76
Dividend yield	0.94%	0.82%	0.90%	1.44%	1.57%	1.51%	1.49%	1.78%
Earnings per share	$2.75	$2.42	$1.92	$4.33	$4.97	$4.80	$5.25	$2.32
Book value per share	$12.50	$11.35	$10.41	$28.45	$30.25	$28.73	$26.36	$25.26
ROE	21.98%	21.36%	18.50%	15.23%	16.42%	16.69%	19.93%	9.20%
ROIC	16.86%	18.58%	17.58%	12.64%	18.15%	13.95%	13.53%	11.92%
Gross margin	24.21%	24.13%	23.73%	23.46%	24.44%	24.30%	24.10%	24.50%
EBITDA margin	6.23%	6.27%	6.05%	5.18%	6.45%	6.07%	6.07%	6.39%
Net margin	3.10%	2.88%	2.41%	1.93%	2.41%	2.43%	2.86%	1.31%
Net debt/EBITDA	0.77	0.71	0.79	0.97	0.64	0.80	1.27	1.31

WMT's financial statements

Line	2026	2025	2024	2023	2022	2021
Net revenue	$706.4B	$674.5B	$642.6B	$605.9B	$567.8B	$555.2B
Cost of revenue	-$535.4B	-$511.8B	-$490.1B	-$463.7B	-$429B	-$420.3B
Gross profit	$171B	$162.8B	$152.5B	$142.2B	$138.8B	$134.9B
EBITDA	$44B	$42.3B	$38.9B	$31.4B	$36.6B	$33.7B
EBIT	$29.8B	$29.3B	$27B	$20.4B	$25.9B	$22.5B
Financial result	$2.1B	-$794M	-$3B	-$1.5B	-$3B	$210M
Income before tax	$29.5B	$26.3B	$21.8B	$17B	$18.7B	$20.6B
Income tax	-$7.2B	-$6.2B	-$5.6B	-$5.7B	-$4.8B	-$6.9B
Net income	$21.9B	$19.4B	$15.5B	$11.7B	$13.7B	$13.5B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WMT pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	12/10/2026	01/04/2027	$0.25

Dividend yield per year

2.06%2017
2.22%2018
1.78%2019
1.49%2020
1.51%2021
1.57%2022
1.44%2023
0.90%2024
0.82%2025
0.94%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/20/2026	09/08/2026	$0.25
Dividend	05/07/2026	05/26/2026	$0.25
Dividend	03/19/2026	04/06/2026	$0.25
Dividend	12/11/2025	01/05/2026	$0.24
Dividend	08/14/2025	09/02/2025	$0.24
Dividend	05/08/2025	05/27/2025	$0.24
Dividend	03/20/2025	04/07/2025	$0.24
Dividend	12/12/2024	01/06/2025	$0.21
Dividend	08/15/2024	09/03/2024	$0.21
Dividend	05/08/2024	05/28/2024	$0.21
Dividend	03/13/2024	04/01/2024	$0.21
Dividend	12/06/2023	01/02/2024	$0.19

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/09/2023	09/05/2023	$0.19
Dividend	05/03/2023	05/30/2023	$0.19
Dividend	03/15/2023	04/03/2023	$0.19
Dividend	12/07/2022	01/03/2023	$0.19
Dividend	08/10/2022	09/06/2022	$0.19
Dividend	05/04/2022	05/31/2022	$0.19
Dividend	03/16/2022	04/04/2022	$0.19
Dividend	12/08/2021	01/03/2022	$0.18
Dividend	08/11/2021	09/07/2021	$0.18
Dividend	05/05/2021	06/01/2021	$0.18
Dividend	03/17/2021	04/05/2021	$0.18
Dividend	12/09/2020	01/04/2021	$0.18
Dividend	08/12/2020	09/08/2020	$0.18
Dividend	05/06/2020	06/01/2020	$0.18
Dividend	03/18/2020	04/06/2020	$0.18
Dividend	12/04/2019	01/02/2020	$0.18
Dividend	08/07/2019	09/03/2019	$0.18
Dividend	05/08/2019	06/03/2019	$0.18
Dividend	03/13/2019	04/01/2019	$0.18
Dividend	12/05/2018	01/02/2019	$0.17
Dividend	08/08/2018	09/04/2018	$0.17
Dividend	05/09/2018	06/04/2018	$0.17
Dividend	03/07/2018	04/02/2018	$0.17
Dividend	12/06/2017	01/02/2018	$0.17
Dividend	08/08/2017	09/05/2017	$0.17
Dividend	05/09/2017	06/05/2017	$0.17
Dividend	03/07/2017	04/03/2017	$0.17
Dividend	12/06/2016	01/03/2017	$0.17

About Walmart

Sector: Retail

Questions about WMT

How much is WMT today?

WMT is at $103.92 (-2.70% on the day), last traded on 09/30/2026.

How much did WMT pay in dividends in 2025?

WMT paid $0.91 per share in 2025, a dividend yield of 0.82%.

When is the next WMT dividend?

The next announced payment is $0.25 per share on 01/04/2027.

What are the P/E and P/B of WMT?

WMT trades at a P/E of 37.35 and a P/B of 8.39.

How much did WMT return in 12 months?

WMT returned 3.57% in 12 months, with annualized volatility of 21.75% and a largest drawdown of -20.89%.