Walmart Inc.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Walmart Inc. (WMT). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Walmart U.S. | $393.25B 69.3% | $420.55B 69.4% · +6.9% | $441.82B 68.8% · +5.1% | $462.42B 68.6% · +4.7% | $482.98B 68.4% · +4.4% |
| Walmart International | $100.96B 17.8% | $100.98B 16.7% · +0.0% | $114.64B 17.8% · +13.5% | $121.89B 18.1% · +6.3% | $130.42B 18.5% · +7.0% |
| Sam's Club U.S. | – | $84.35B 13.9% | $86.18B 13.4% · +2.2% | $90.24B 13.4% · +4.7% | $93.02B 13.2% · +3.1% |
| Sam's Club | $73.56B 13.0% | – | – | – | – |
| Corporate and support | $0 0.0% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Walmart U.S. | $21.59B 5.5% | $20.62B 4.9% | $22.15B 5.0% | – | – |
| Walmart International | $3.76B 3.7% | $2.97B 2.9% | $4.91B 4.3% | – | – |
| Sam's Club U.S. | – | $1.96B 2.3% | $2.19B 2.5% | – | – |
| Sam's Club | $2.26B 3.1% | – | – | – | – |
| Corporate and support | -$1.66B | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| U.S. | $470.30B 82.1% | $508.69B 83.2% · +8.2% | $532.08B 82.1% · +4.6% | $557.62B 81.9% · +4.8% | $581.18B 81.5% · +4.2% |
| Non-U.S. operations | – | $102.60B 16.8% | $116.05B 17.9% · +13.1% | $123.36B 18.1% · +6.3% | $131.99B 18.5% · +7.0% |
| Walmart International | $102.46B 17.9% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.