Company: Walmart Inc.
Ticker: WMT
Form: 10-K
Filed: 2026-03-13
Fiscal Period: {"fp": "FY", "fy": 2026}

Question: What was Walmart Inc.'s operating cash flow margin in fiscal year 2026?
Question Type: derived_ratio

Concept: NetCashProvidedByUsedInOperatingActivities
RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 5.88
Answer (Display): 5.88%
Unit: percent

Evidence:
[{"chunk_id": "136", "equivalent_chunk_ids": ["136"], "section": "Consolidated Statements of Cash Flows", "supports": ["numerator", "denominator"], "text": "Although other companies report their free cash flow, numerous methods may exist for calculating a company's free cash flow. As a result, the method used by management to calculate our free cash flow may differ from the methods used by other companies to calculate their free cash flow.\nThe following table sets forth a reconciliation of free cash flow, a non-GAAP financial measure, to net cash provided by operating activities, which we believe to be the GAAP financial measure most directly comparable to free cash flow, as well as information regarding net cash used in investing activities and net cash used in financing activities.\nFiscal Years Ended January 31,\n(Amounts in millions)\nNet cash provided by operating activities\n41,565\n36,443\n35,726\nPayments for property and equipment\n(26,642)\n(23,783)\n(20,606)\nFree cash flow\n14,923\n12,660\n15,120\nNet cash used in investing activities\n(26,350)\n(21,379)\n(21,287)\nNet cash used in financing activities\n(13,553)\n(14,822)\n(13,414)\n\"Net cash used in investing activities\" includes payments for property and equipment, which is also included in our computation of free cash flow.\nThe increase in net cash provided by operating activities in fiscal 2026 is primarily due to an increase in cash provided by operating income, lower cash tax payments and the timing of certain payments. Free cash flow for fiscal 2026 increased when compared to fiscal 2025 due to an increase in cash provided by operating income, lower cash tax payments and timing of certain payments, partially offset by an increase of $2.9 billion in capital expenditures to support our omnichannel growth strategy. Net cash provided by operating activities for fiscal 2025 increased when compared to fiscal 2024 primarily due to an increase in cash provided by operating income and lapping the payment of accrued opioid legal charges in the prior year, partially offset by increased inventory purchases. Free cash flow for fiscal 2025 decreased when compared to fiscal 2024 due to an increase of $3.2 billion in capital expenditures to support our omnichannel growth strategy, partially offset by the increase in net cash provided by operating activities described above.\nResults of Operations\nConsolidated Results of Operations\nFiscal Years Ended January 31,\n(Dollar amounts and retail square feet in millions)\nNet sales\n706,413\n674,538\n642,637\nPercentage change from comparable period\nMembership and other income\n6,750\n6,447\n5,488\nTotal revenues\n713,163\n680,985\n648,125\nPercentage change from comparable period\nGross profit\n171,018\n162,785\n152,495\nOperating expenses\n147,943"}]

Derivation: {"denominator": "revenue", "denominator_value": 706413.0, "format": "percentage", "numerator": "operating_cash_flow", "numerator_value": 41565.0, "op": "divide"}