Annual Data
Quarterly Data
Walmart Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Apr 30, 2026
Jan 31, 2026
Oct 31, 2025
Jul 31, 2025
Apr 30, 2025
Jan 31, 2025
Oct 31, 2024
Jul 31, 2024
Apr 30, 2024
Jan 31, 2024
Oct 31, 2023
Jul 31, 2023
Apr 30, 2023
Jan 31, 2023
Oct 31, 2022
Jul 31, 2022
Apr 30, 2022
Jan 31, 2022
Oct 31, 2021
Jul 31, 2021
Apr 30, 2021
Jan 31, 2021
Oct 31, 2020
Jul 31, 2020
Apr 30, 2020
Short-term borrowings
3.69% 2.32% 2.91% 1.42% 2.13% 1.18% 1.36% 1.26% 2.15% 0.35% 3.84% 1.78% 0.70% 0.15% 2.75% 4.30% 4.64% 0.17% 0.18% 0.28% 0.15% 0.09% 0.10% 0.15% 1.74%
Accounts payable
21.71% 22.15% 23.27% 22.19% 21.99% 22.49% 23.87% 22.29% 22.07% 22.51% 23.56% 22.18% 22.15% 22.10% 23.12% 21.92% 21.50% 22.57% 23.34% 20.79% 20.35% 19.46% 21.59% 19.52% 18.93%
Dividends payable
2.04% 0.00% 0.66% 1.40% 2.16% 0.00% 0.64% 1.31% 1.97% 0.00% 0.59% 1.20% 1.88% 0.00% 0.62% 1.23% 1.88% 0.00% 0.62% 1.30% 1.97% 0.00% 0.61% 1.29% 1.97%
Accrued liabilities
9.51% 10.96% 10.92% 10.64% 9.94% 11.25% 10.67% 10.87% 9.48% 11.39% 10.08% 11.46% 11.23% 12.80% 11.08% 9.65% 8.56% 10.64% 10.00% 10.03% 9.03% 15.04% 9.96% 10.01% 8.75%
Accrued income taxes
0.41% 0.21% 0.27% 0.23% 0.56% 0.23% 0.30% 0.23% 0.50% 0.12% 0.23% 0.30% 0.54% 0.30% 0.36% 0.35% 0.37% 0.35% 0.18% 0.11% 0.36% 0.10% 0.22% 0.26% 0.56%
Long-term debt due within one year
1.35% 1.24% 1.22% 1.48% 1.56% 1.00% 1.23% 0.59% 0.73% 1.37% 1.08% 1.14% 1.62% 1.72% 2.20% 2.15% 1.45% 1.14% 0.64% 0.68% 1.48% 1.23% 1.74% 2.34% 2.57%
Operating lease obligations due within one year
0.57% 0.57% 0.55% 0.58% 0.59% 0.57% 0.57% 0.59% 0.58% 0.59% 0.57% 0.58% 0.61% 0.61% 0.59% 0.59% 0.60% 0.61% 0.61% 0.60% 0.61% 0.58% 0.69% 0.73% 0.74%
Finance lease obligations due within one year
0.29% 0.30% 0.29% 0.31% 0.30% 0.31% 0.30% 0.31% 0.33% 0.29% 0.27% 0.26% 0.25% 0.23% 0.22% 0.22% 0.21% 0.21% 0.21% 0.21% 0.21% 0.19% 0.23% 0.23% 0.22%
Current liabilities
39.56% 37.75% 40.09% 38.24% 39.23% 37.03% 38.94% 37.44% 37.83% 36.61% 40.22% 38.89% 38.97% 37.91% 40.95% 40.41% 39.22% 35.69% 35.79% 34.01% 34.17% 36.69% 35.13% 34.53% 35.49%
Long-term debt, excluding due within one year
12.74% 12.16% 11.93% 13.16% 13.92% 12.81% 12.77% 13.90% 14.14% 14.32% 14.02% 14.43% 15.56% 14.25% 13.70% 12.06% 13.07% 14.24% 14.88% 16.59% 17.02% 16.31% 16.28% 17.25% 18.47%
Long-term operating lease obligations, excluding due within one year
4.97% 4.90% 4.75% 4.86% 4.88% 4.92% 4.91% 5.03% 5.05% 5.13% 4.95% 5.09% 5.27% 5.27% 5.11% 5.32% 5.37% 5.31% 5.35% 5.50% 5.47% 5.11% 6.37% 6.60% 6.73%
Long-term finance lease obligations, excluding due within one year
2.01% 2.07% 2.05% 2.20% 2.24% 2.27% 2.30% 2.42% 2.38% 2.26% 2.19% 2.14% 2.06% 1.99% 1.82% 1.79% 1.79% 1.73% 1.66% 1.66% 1.61% 1.52% 1.89% 1.97% 1.92%
Deferred income taxes and other
5.85% 5.81% 5.66% 5.78% 5.19% 5.52% 5.22% 5.53% 5.84% 5.80% 5.52% 5.92% 5.71% 6.04% 5.96% 5.70% 5.66% 5.50% 5.27% 5.72% 5.98% 5.69% 5.44% 5.45% 5.58%
Long-term liabilities
25.57% 24.95% 24.39% 26.00% 26.22% 25.51% 25.20% 26.89% 27.42% 27.50% 26.67% 27.57% 28.60% 27.55% 26.60% 24.86% 25.90% 26.79% 27.15% 29.47% 30.07% 28.64% 29.99% 31.27% 32.69%
Total liabilities
65.13% 62.70% 64.49% 64.24% 65.45% 62.54% 64.14% 64.32% 65.25% 64.12% 66.89% 66.46% 67.57% 65.46% 67.54% 65.27% 65.12% 62.47% 62.93% 63.48% 64.24% 65.33% 65.12% 65.79% 68.18%
Redeemable noncontrolling interest
0.10% 0.10% 0.11% 0.11% 0.12% 0.10% 0.07% 0.08% 0.09% 0.09% 0.09% 0.09% 0.10% 0.10% 0.10% 0.11% 0.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common stock
0.27% 0.28% 0.28% 0.29% 0.30% 0.31% 0.30% 0.32% 0.32% 0.32% 0.10% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.12% 0.12% 0.11% 0.11% 0.12% 0.12%
Capital in excess of par value
2.38% 2.39% 2.38% 2.11% 2.07% 2.11% 2.05% 1.97% 1.82% 1.80% 1.90% 1.82% 2.14% 2.04% 1.95% 1.89% 1.86% 1.98% 1.96% 1.53% 1.45% 1.44% 1.39% 1.35% 1.28%
Retained earnings
34.61% 36.81% 35.18% 35.57% 34.63% 37.69% 35.85% 35.68% 34.34% 35.58% 33.12% 33.50% 31.84% 34.18% 31.47% 33.38% 32.72% 35.49% 34.99% 35.45% 34.90% 35.15% 36.78% 36.91% 34.84%
Accumulated other comprehensive loss
-4.70% -4.49% -4.55% -4.70% -5.07% -5.22% -4.76% -4.79% -4.47% -4.48% -4.47% -4.24% -4.55% -4.80% -4.35% -4.00% -3.45% -3.58% -3.47% -3.34% -3.36% -4.66% -5.83% -6.65% -6.94%
Total Walmart shareholders’ equity
32.57% 34.99% 33.29% 33.27% 31.94% 34.89% 33.45% 33.18% 32.00% 33.23% 30.66% 31.18% 29.55% 31.54% 29.17% 31.38% 31.24% 34.00% 33.60% 33.76% 33.11% 32.05% 32.46% 31.73% 29.30%
Nonredeemable noncontrolling interest
2.19% 2.20% 2.12% 2.38% 2.50% 2.46% 2.34% 2.41% 2.67% 2.57% 2.36% 2.26% 2.79% 2.90% 3.18% 3.24% 3.54% 3.53% 3.46% 2.77% 2.64% 2.62% 2.42% 2.48% 2.52%
Total shareholders’ equity
34.77% 37.20% 35.41% 35.65% 34.43% 37.35% 35.79% 35.59% 34.67% 35.80% 33.02% 33.45% 32.33% 34.44% 32.35% 34.62% 34.78% 37.53% 37.07% 36.52% 35.76% 34.67% 34.88% 34.21% 31.82%
Total liabilities, redeemable noncontrolling interest, and shareholders’ equity
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Based on:
10-Q (reporting date: 2026-04-30) ,
10-K (reporting date: 2026-01-31) ,
10-Q (reporting date: 2025-10-31) ,
10-Q (reporting date: 2025-07-31) ,
10-Q (reporting date: 2025-04-30) ,
10-K (reporting date: 2025-01-31) ,
10-Q (reporting date: 2024-10-31) ,
10-Q (reporting date: 2024-07-31) ,
10-Q (reporting date: 2024-04-30) ,
10-K (reporting date: 2024-01-31) ,
10-Q (reporting date: 2023-10-31) ,
10-Q (reporting date: 2023-07-31) ,
10-Q (reporting date: 2023-04-30) ,
10-K (reporting date: 2023-01-31) ,
10-Q (reporting date: 2022-10-31) ,
10-Q (reporting date: 2022-07-31) ,
10-Q (reporting date: 2022-04-30) ,
10-K (reporting date: 2022-01-31) ,
10-Q (reporting date: 2021-10-31) ,
10-Q (reporting date: 2021-07-31) ,
10-Q (reporting date: 2021-04-30) ,
10-K (reporting date: 2021-01-31) ,
10-Q (reporting date: 2020-10-31) ,
10-Q (reporting date: 2020-07-31) ,
10-Q (reporting date: 2020-04-30) .
The capital structure exhibits a consistent reliance on liabilities, which generally fluctuate between 62% and 68% of total liabilities, redeemable noncontrolling interest, and shareholders’ equity. While total liabilities remain relatively stable, there is a discernible shift in the composition from long-term obligations toward current liabilities and equity over the analyzed period.
Current Liabilities Trends
Current liabilities represent a significant portion of the balance sheet, typically ranging from 34% to 41%. Accounts payable constitute the largest single component of these obligations, maintaining a steady range between 18.9% and 23.9%, indicating a consistent strategy in managing supplier credit. Short-term borrowings exhibit high volatility, with values dropping to nearly zero in 2020 before peaking at 4.64% in April 2022 and continuing to fluctuate between 0.35% and 3.69%, suggesting opportunistic use of short-term financing.
Long-Term Debt and Obligations
A clear downward trend is observed in long-term liabilities, which decreased from 32.69% in April 2020 to 25.57% by April 2026. This reduction is primarily driven by a decline in long-term debt, which fell from 18.47% to 12.74%. Operating and finance lease obligations have remained relatively stable, with long-term operating leases trending slightly downward from 6.73% to 4.97%.
Shareholders’ Equity Analysis
Total shareholders' equity has shown a general upward trajectory, moving from 31.82% in April 2020 to 34.77% by April 2026. Retained earnings serve as the primary driver of this equity, typically fluctuating between 31% and 37%. Accumulated other comprehensive loss remains a persistent negative factor, though it improved from a low of -6.94% in early 2020 to settle around -4.70% by the end of the period.
Overall, the financial position reflects a strategic reduction in long-term leverage and a modest increase in equity financing, while maintaining a stable operational reliance on trade payables to fund current activities.
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