Short answer
Walmart (WMT) filed its fiscal 2025 10-K annual report with the SEC on Mar 14, 2025. It reported revenue of $674.5B (+5.0% year over year) and net income of $19.4B.
- Top risk flagged: Legal risk: $3.3B opioid-related legal settlements charges lapped in fiscal 2024, affecting operating expenses and net income
FY2025 key financial metrics · XBRL
- Revenue
- $674.5B
- +5.0% YoY
- Net income
- $19.4B
- +25.3% YoY
- Operating margin
- 4.4%
- +0.1 pp YoY
- EPS (diluted)
- $2.41
- +26.2% YoY
- ROE
- 21.4%
- +2.9 pp YoY
- Operating cash flow
- $36.4B
- +2.0% YoY
Source: XBRL data from the Walmart (WMT) FY2025 10-K on SEC EDGAR. USD.
Walmart FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Global retail operation with focus on discount department stores and grocery
- No new products, services, or segments specifically introduced or emphasized this year
- Continued emphasis on compliance with Insider Trading Policy and corporate governance enhancements
- Employee or operational quantitative metrics not disclosed in this section
- Disclosure highlights Insider Trading Policy accessibility and compliance mechanisms, unique to this filing's governance focus
Management Discussion & Analysis
- No profitability or margin percentages mentioned in provided text
- Walmart U.S. acquired VIZIO for $1.9B; sold JD.com equity investment for $3.6B in Walmart International segment
- Strategic portfolio changes in Walmart International: Massmart buyout, Africa market exit, PhonePe ownership increase
- Management notes competitive pressures, supply chain risks, currency exchange volatility, and macroeconomic factors as key risks
Risk Factors
- Legal risk: $3.3B opioid-related legal settlements charges lapped in fiscal 2024, affecting operating expenses and net income
- Macroeconomic risk: $3.2B negative currency exchange impact on Walmart International net sales in fiscal 2025
- Supply chain risk: Investment of $14.6B in supply chain, technology and automation capital expenditures in fiscal 2025 to address supply pressures
- Competitive risk: 2.9% Walmart U.S. eCommerce sales contribution to comparable sales in fiscal 2025 driven by store-fulfilled pickup and delivery
- Financial risk: Free cash flow declined to $12.7B in fiscal 2025 from $15.1B in fiscal 2024 due to $3.2B increase in capital expenditures
Generated from the filing text; verify against the original. How to read a 10-K
Other Walmart annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.