WMT Walmart

Q4 2025 10-Q
Filed: Dec 3, 2025Period ending Oct 31, 2025
Consumer Discretionary
Retail-Variety StoresSEC EDGAR

Walmart (WMT) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Dec 3, 2025 for the fiscal period ending Oct 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q4 2025 10-Q

Management Discussion & Analysis

  • Revenue $177.8B Q1 FY2025, up 5.8% YoY from $168.0B; $517.5B YTD, up 4.4% YoY from $495.7B
  • Operating margin 3.8% Q1 FY2025 vs 4.0% YoY; 4.1% YTD vs 4.3% YoY, impacted by higher expenses and share-based compensation charge
+3 more insights

Risk Factors

  • New regulatory risk: Enactment of One Big Beautiful Bill Act July 2025 with corporate tax changes expected to affect cash tax timing and payments
  • Updated operating expense risk: $0.7B PhonePe share-based compensation charge and $0.8B rise in U.S. self-insured general liability claims raising costs
+3 more insights

Quarterly Financial Summary
XBRL

Revenue

$177.8B

+5.8% YoY +1.1% QoQ

Net Income

$6.1B

+34.2% YoY -12.6% QoQ

Net Margin

3.5%

+73bp YoY -54bp QoQ

Source: XBRL data from Walmart Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

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