Walmart (WMT) Stock Price vs Operating Income
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Walmart's Q1 operating income grew 5.0% year-over-year, from $7.14 billion on April 30, 2025 to $7.49 billion on April 30, 2026. Over the same period, the stock price rose 35.7%, from $97.25 to $131.93, indicating valuation expansion. From the broader window start on June 3, 2024 through June 2, 2026, WMT stock increased from $65.82 to $113.18 while operating income remained relatively stable in the $6.7 billion to $7.9 billion range. The correlation between stock price and operating income over this two-year period was -0.11, showing the stock's advance was driven primarily by multiple expansion rather than proportional earnings growth.
Operating Income was $7.5B as of 2026-04-30, +5.0% year over year. The stock moved +36% over the same window ($97.25 -> $131.93). The stock is now more richly valued relative to Operating Income than a year ago (multiple expansion).
Latest close: 113.21 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2026-04-30 | 7.5B USD | Q1 10-Q |
| 2025-10-31 | 6.7B USD | Q3 10-Q |
| 2025-07-31 | 7.3B USD | Q2 10-Q |
| 2025-04-30 | 7.1B USD | Q1 10-Q |
| 2024-10-31 | 6.7B USD | Q3 10-Q |
| 2024-07-31 | 7.9B USD | Q2 10-Q |
| 2024-04-30 | 6.8B USD | Q1 10-Q |
| 2023-10-31 | 6.2B USD | Q3 10-Q |
Sources: autario.com/data/stock-wmt-walmart-daily-prices · autario.com/data/walmart-operating-income-sec-filings | data verified and hosted on autario.com.