Walmart Inc. (WMT) Return on equity 2017–2026
Walmart Inc. (WMT) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
22.0%FY2026 · since FY2017: 17.5% → 22.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2026 | 22.0% | +0.6 pp |
| FY2025 | 21.4% | +2.9 pp |
| FY2024 | 18.5% | +3.3 pp |
| FY2023 | 15.2% | -1.2 pp |
| FY2022 | 16.4% | -0.3 pp |
| FY2021 | 16.7% | -3.2 pp |
| FY2020 | 19.9% | +10.7 pp |
| FY2019 | 9.2% | -3.5 pp |
| FY2018 | 12.7% | -4.9 pp |
| FY2017 | 17.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice