Balance Sheet: Assets
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Walmart Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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
Cash and cash equivalents	10,727)	10,582)	9,431)	9,311)	9,037)	10,049)	8,811)	9,405)	9,867)	12,154)	13,888)	10,575)	8,625)	11,587)	13,923)	11,817)	14,760)	16,111)	22,831)	22,846)	17,741)	14,325)	16,906)	14,930)
Receivables, net	11,172)	12,115)	10,518)	9,686)	9,975)	10,039)	8,650)	9,075)	8,796)	8,625)	7,891)	7,647)	7,933)	8,218)	7,522)	7,674)	8,280)	7,349)	6,103)	5,797)	6,516)	5,770)	5,111)	5,029)
Inventories	58,851)	65,354)	57,729)	57,467)	56,435)	63,302)	55,611)	55,382)	54,892)	63,951)	56,722)	56,932)	56,576)	64,706)	59,921)	61,229)	56,511)	57,484)	47,754)	46,383)	44,949)	51,842)	41,084)	41,217)
Prepaid expenses and other	4,124)	4,869)	4,355)	3,789)	4,011)	3,548)	3,438)	3,290)	3,322)	3,661)	3,531)	3,357)	2,521)	3,169)	2,798)	2,500)	1,519)	2,020)	1,555)	1,565)	20,861)	1,665)	1,895)	2,152)
Current assets	84,874)	92,920)	82,033)	80,253)	79,458)	86,938)	76,510)	77,152)	76,877)	88,391)	82,032)	78,511)	75,655)	87,680)	84,164)	83,220)	81,070)	82,964)	78,243)	76,591)	90,067)	73,602)	64,996)	63,328)
Property and equipment, net	136,083)	130,201)	125,476)	121,261)	119,993)	116,598)	113,818)	111,498)	110,810)	107,471)	104,733)	102,335)	100,760)	97,553)	96,006)	94,741)	94,515)	92,242)	91,621)	90,996)	92,201)	102,232)	101,182)	101,872)
Finance lease right-of-use assets, net	6,123)	6,138)	6,128)	6,056)	6,112)	6,227)	6,341)	6,285)	5,855)	5,806)	5,552)	5,124)	4,919)	4,597)	4,514)	4,505)	4,351)	4,226)	4,109)	3,979)	4,005)	4,929)	4,843)	4,611)
Property and equipment, including finance lease right-of-use assets, net	142,206)	136,339)	131,604)	127,317)	126,105)	122,825)	120,159)	117,783)	116,665)	113,277)	110,285)	107,459)	105,679)	102,150)	100,520)	99,246)	98,866)	96,468)	95,730)	94,975)	96,206)	107,161)	106,025)	106,483)
Operating lease right-of-use assets	14,750)	14,501)	13,953)	13,567)	13,599)	13,701)	13,579)	13,562)	13,673)	13,547)	13,710)	13,679)	13,555)	13,394)	13,872)	13,971)	13,758)	13,863)	13,868)	13,650)	13,642)	17,128)	16,869)	16,895)
Goodwill	28,735)	28,722)	29,060)	28,866)	28,792)	27,942)	27,930)	27,999)	28,113)	28,015)	28,268)	28,306)	28,174)	28,137)	28,664)	29,438)	29,014)	28,923)	29,159)	28,872)	28,983)	30,236)	29,542)	29,416)
Other long-term assets	14,103)	16,173)	14,187)	12,369)	12,869)	11,993)	16,262)	17,558)	17,071)	15,944)	20,826)	17,098)	20,134)	16,295)	19,979)	20,267)	22,152)	22,633)	21,552)	22,493)	23,598)	22,736)	19,950)	16,770)
Long-term assets	199,794)	195,735)	188,804)	182,119)	181,365)	176,461)	177,930)	176,902)	175,522)	170,783)	173,089)	166,542)	167,542)	159,976)	163,035)	162,922)	163,790)	161,887)	160,309)	159,990)	162,429)	177,261)	172,386)	169,564)
Total assets	284,668)	288,655)	270,837)	262,372)	260,823)	263,399)	254,440)	254,054)	252,399)	259,174)	255,121)	245,053)	243,197)	247,656)	247,199)	246,142)	244,860)	244,851)	238,552)	236,581)	252,496)	250,863)	237,382)	232,892)

An examination of the asset composition reveals several noteworthy trends over the observed period. Current assets experienced initial growth, peaking in the first half of 2021, before exhibiting a more moderate and fluctuating pattern. Long-term assets demonstrated a generally increasing trend throughout the period, with some quarterly variations. Within current assets, cash and cash equivalents, receivables, and inventories all contributed to the overall trends, while prepaid expenses and other current assets remained relatively stable with some increases towards the end of the period.

Cash and Cash Equivalents: Cash and cash equivalents displayed significant volatility. A substantial increase occurred between April 2020 and January 2021, followed by a decline. Fluctuations continued through 2023, with a general downward trend, before stabilizing in the range of $8.8 billion to $10.7 billion in the final periods. This suggests potential shifts in cash management strategies or operational needs.
Receivables, Net: Receivables, net, exhibited a consistent upward trend from April 2020 to October 2021. Growth slowed and plateaued through much of 2022, then resumed an upward trajectory in 2023 and 2024, reaching approximately $12.1 billion in October 2025. This increase may indicate expanding credit sales or changes in collection periods.
Inventories: Inventories showed a marked increase in the third quarter of 2020, followed by a decrease in the first quarter of 2021. Inventory levels then fluctuated, peaking in the fourth quarter of 2022 and again in the first quarter of 2026. These fluctuations could be attributed to seasonal demand, supply chain dynamics, or inventory management decisions.
Prepaid Expenses and Other: Prepaid expenses and other current assets remained relatively stable for the majority of the period, with a gradual increase beginning in April 2022. This suggests a consistent, albeit modest, investment in future benefits.
Property and Equipment, Net: Property and equipment, net, demonstrated a steady increase throughout the period, indicating ongoing investment in fixed assets. The inclusion of finance lease right-of-use assets also contributed to this growth, with a consistent upward trend observed in that specific component. This suggests a long-term commitment to operational capacity.
Goodwill: Goodwill remained relatively stable throughout the observed period, with minor fluctuations. This indicates a lack of significant acquisitions or impairments affecting goodwill.
Other Long-Term Assets: Other long-term assets exhibited considerable volatility, peaking in the second quarter of 2021 and again in the first quarter of 2026. These fluctuations suggest changes in long-term investments or deferred tax assets.

Overall, the asset base experienced substantial growth over the period, driven primarily by increases in long-term assets and, to a lesser extent, current assets. The composition of current assets shifted, with receivables increasing and cash levels fluctuating. The consistent investment in property and equipment suggests a focus on long-term operational capabilities.

Walmart Inc. (NASDAQ:WMT)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Walmart Inc. (NASDAQ:WMT)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data