Walmart (WMT) Stock Price vs Net Income
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Walmart's Q1 fiscal 2026 net income reached $5.3 billion on April 30, 2026, up 18.8% from $4.5 billion in Q1 fiscal 2025. Over the same one-year period, the stock price increased from $97.25 to $131.93, a gain of 35.7%. This outpacing of earnings growth indicates valuation expansion, with the stock trading at a higher multiple of earnings in 2026 than in 2025. From the window start on June 3, 2024 through the latest stock price on June 2, 2026, net income and stock price showed a modest positive correlation of 0.36, reflecting periods where the two metrics diverged despite an overall upward trend in both.
Trailing-12-month Net Income was $19.7B as of 2020-10-31, +37% year over year. The stock moved +18% over the same window ($39.09 -> $46.25). The stock is now cheaper relative to Net Income than a year ago (multiple compression).
Latest close: 113.21 USD (2026-06-02).
Net Income | recent SEC reports
| Report date | Net Income | Period |
|---|
| 2020-10-31 | 19.7B USD | Q3 10-Q |
| 2020-07-31 | 17.9B USD | Q2 10-Q |
| 2020-04-30 | 15.0B USD | Q1 10-Q |
| 2020-01-31 | 14.9B USD | FY 10-K |
| 2019-10-31 | 14.4B USD | Q3 10-Q |
| 2019-07-31 | 12.8B USD | Q2 10-Q |
| 2019-04-30 | 8.4B USD | Q1 10-Q |
| 2019-01-31 | 6.7B USD | FY 10-K |
Sources: autario.com/data/stock-wmt-walmart-daily-prices · autario.com/data/walmart-net-income-sec-filings | data verified and hosted on autario.com.