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Walmart (WMT) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 14, 2025
Walmart (WMT) reported revenue of $180.6B for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and +6% from the quarter before. Operating margin was 4.4%, net earnings $5.3B (2.9% of revenue).
Walmart, Q4 FY25: revenue $180.6B (+4% year over year), operating margin 4.4%, net earnings $5.3B, operating cash flow $13.5B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180.6B | +6% | +4% |
| Operating profit | $7.9B | +17% | +8% |
| Net earnings | $5.3B | +15% | -4% |
| Operating cash flow | $13.5B | +106% | -19% |
| Free cash flow | $6.4B | 17× | -40% |
What changed
Revenue was $180.6B in Q4 FY25, up 4% year over year and up 6% from the previous quarter.
Operating profit was $7.9B, a 4.4% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 4% margin then. Total costs grew 4% against revenue growth of 4%. Net earnings were $5.3B, down 4% year over year. The effective tax rate was 22.1%.
Operating cash flow was $13.5B (down 19% year over year), 249% of net income including minority interests. Non-cash charges added back $3.4B of depreciation and amortization. Working capital and other items added $4.7B. Capital expenditures of $7.1B left free cash flow of $6.4B.
Questions
What was Walmart's revenue in the fourth quarter fiscal 2025?
Walmart (WMT) reported revenue of $180.6B for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and +6% from the quarter before.
Was Walmart profitable in the fourth quarter fiscal 2025?
Operating profit was $7.9B (4.4% of revenue) and net earnings $5.3B.
Source: Walmart 10-K on SEC EDGAR.