Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
Paying user area
Try for free
Walmart Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Walmart Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Walmart Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 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).
An examination of the provided financial information reveals trends in liabilities and stockholders’ equity over a five-year period, from April 2020 to July 2025. Overall, total liabilities demonstrate considerable fluctuation, while stockholders’ equity exhibits a more stable, albeit evolving, pattern.
- Short-Term Borrowings
- Short-term borrowings experienced a significant increase in April 2022, reaching US$11,432 million, before declining substantially in subsequent periods. This suggests a potential strategic use of short-term financing followed by a reduction, possibly through repayment or refinancing. Fluctuations were observed in other periods, but generally remained below the levels seen in April 2022.
- Accounts Payable
- Accounts payable generally remained within a range of US$44 billion to US$67 billion throughout the observed period. A noticeable increase occurred between July 2024 and January 2026, potentially indicating increased purchasing activity or changes in payment terms with suppliers. Prior to this, accounts payable showed some volatility but remained relatively consistent.
- Dividends Payable
- Dividends payable followed a consistent quarterly pattern of a higher payment followed by a lower payment, generally around US$4.6 billion and US$3.1 billion respectively. A gradual increase in both payment amounts was observed towards the end of the period, with the higher payment reaching US$5.66 billion in April 2025.
- Accrued Liabilities & Accrued Income Taxes
- Accrued liabilities demonstrated a general upward trend, particularly from 2024 onwards, peaking at US$31,521 million in January 2026. Accrued income taxes were comparatively smaller in magnitude and exhibited more variability, with no clear long-term trend. The increase in accrued liabilities may warrant further investigation to understand the underlying drivers.
- Debt Obligations (Short & Long Term)
- Long-term debt due within one year showed fluctuations, with a peak in April 2022. Long-term debt excluding current portion remained relatively stable between approximately US$32 billion and US$43 billion for much of the period, with a slight decrease observed towards the end. Lease obligations, both current and long-term, remained relatively consistent throughout the period, indicating a stable approach to financing through leasing.
- Total Liabilities
- Total liabilities peaked in October 2025 at US$288,655 million, representing the highest level observed during the period. Prior to this, total liabilities fluctuated, with a noticeable increase in the latter half of 2022 and throughout 2023. The increase in total liabilities appears to be driven by increases in accrued liabilities and accounts payable.
- Stockholders’ Equity
- Total stockholders’ equity generally increased over the period, from US$74.11 billion in April 2020 to US$105.887 billion in January 2026. Retained earnings constituted the largest component of stockholders’ equity and contributed significantly to this growth. Accumulated other comprehensive loss consistently offset a portion of the gains in equity, but its impact lessened over time. Common stock and capital in excess of par value remained relatively stable.
- Redeemable Noncontrolling Interest
- Redeemable noncontrolling interest remained relatively stable, fluctuating between approximately US$5.8 billion and US$6.8 billion, with a slight decrease observed towards the end of the period.
In summary, the company experienced growth in stockholders’ equity, driven primarily by retained earnings. Liabilities demonstrated more volatility, with a notable increase in recent periods, particularly in accrued liabilities and accounts payable. The fluctuations in short-term borrowings suggest active management of short-term financing needs. Overall, the financial position appears to be strengthening, but the increasing liability levels warrant continued monitoring.