Walmart Reports $681 Billion Revenue for Fiscal Year 2025, Up 5.1%

Walmart Inc. reported a total revenue of $681.0 billion for the fiscal year ending January 31, 2025, marking a 5.1% increase from $648.1 billion in the previous fiscal year. The company's net sales reached $674.5 billion, up from $642.6 billion in fiscal 2024, driven by strong performance across its U.S. and international segments. Consolidated net income for the year was $20.2 billion, a significant increase from $16.3 billion in fiscal 2024, resulting in diluted earnings per share of $2.41, compared to $1.91 in the prior year.

Walmart's U.S. segment, which constitutes the largest portion of its operations, generated net sales of $462.4 billion, reflecting a 4.7% increase from $441.8 billion in fiscal 2024. The growth was attributed to an increase in comparable sales, which rose by 4.8%, driven by higher transaction volumes and strong sales in grocery and health and wellness categories. The Walmart International segment also saw growth, with net sales increasing by 6.3% to $121.9 billion, supported by positive comparable sales across all international markets, despite a negative impact of $3.2 billion from currency fluctuations.

Strategically, Walmart made significant moves during the fiscal year, including the acquisition of VIZIO Holding Corp. for $1.9 billion, aimed at enhancing its technology and digital capabilities. The company also reshaped its international portfolio by increasing its ownership in PhonePe and exiting operations in certain African countries. These strategic decisions are part of Walmart's ongoing efforts to diversify its revenue streams and strengthen its competitive position in the retail market.

Operationally, Walmart served approximately 270 million customers weekly across more than 10,750 stores and various eCommerce platforms in 19 countries. The company employed around 2.1 million associates globally as of January 31, 2025. The growth in customer engagement was reflected in the increase in eCommerce sales, which contributed significantly to overall sales growth, particularly through initiatives like Walmart+ and curbside pickup services. The company continues to invest in its supply chain and technology to enhance its omni-channel capabilities, which are critical to meeting evolving consumer preferences.

Looking ahead, Walmart anticipates continued challenges from inflationary pressures, supply chain disruptions, and competitive dynamics in the retail sector. The company plans to focus on maintaining its price leadership and enhancing customer convenience through its omni-channel strategy. Walmart expects capital expenditures for fiscal 2026 to range between $21 billion and $25 billion, with a continued emphasis on technology and supply chain improvements to support long-term growth objectives.