v3.25.1
Segments and Disaggregated Revenue (Tables)
 3 Months Ended
Apr. 30, 2025
Disaggregation of Revenue [Line Items]  
Segment revenues and assets Information for the Company's segments, as well as for Corporate and support, including the reconciliation to income before income taxes, is provided as follows:
Three Months Ended April 30,
(Amounts in millions)
20252024
Walmart U.S.
Net sales$112,163 $108,670 
Membership and other income636613
Total revenues
112,799109,283
Cost of sales81,35279,095
Operating, selling, general and administrative expenses25,74224,856
Operating income$5,705 $5,332 
Walmart International
Net sales$29,754 $29,833 
Membership and other income379384
Total revenues
30,13330,217
Cost of sales23,46423,328
Operating, selling, general and administrative expenses5,4055,356
Operating income$1,264 $1,533 
Sam's Club U.S.(1)
Net sales$22,064 $21,435 
Membership and other income607561
Total revenues
22,67121,996
Cost of sales19,48719,008
Operating, selling, general and administrative expenses2,4982,373
Operating income$686 $615 
Corporate and support
Membership and other income(2)
$6 $12 
Operating, selling, general and administrative expenses526651
Operating loss$(520)$(639)
Consolidated
Net sales$163,981 $159,938 
Membership and other income1,6281,570
Total revenues
165,609161,508
Cost of sales124,303121,431
Operating, selling, general and administrative expenses34,17133,236
Operating income7,1356,841
Interest, net544 600 
Other (gains) and losses
597 (794)
Income before income taxes$5,994 $7,035 
(1) Total fuel-related cost of sales and operating, selling, general and administrative expenses for Sam's Club U.S. were $2.2 billion and $2.6 billion for the three months ended April 30, 2025 and 2024, respectively.
(2) Includes other income from corporate campus facilities.
Total assets, depreciation and amortization, and capital expenditures for the Company's segments, as well as for Corporate and support, are as follows:
Three Months Ended April 30,
(Amounts in millions)
20252024
Walmart U.S.
Total assets$150,796 $139,567 
Depreciation and amortization2,2402,042
Capital expenditures3,7723,547
Walmart International
Total assets$80,688 $86,347 
Depreciation and amortization549569
Capital expenditures481461
Sam's Club U.S.
Total assets$16,752 $15,755 
Depreciation and amortization189167
Capital expenditures144152
Corporate and support
Total assets$14,136 $12,385 
Depreciation and amortization391350
Capital expenditures589516
Consolidated
Total assets$262,372 $254,054 
Depreciation and amortization3,3693,128
Capital expenditures4,9864,676
Schedule of revenue from external customers and long-lived assets
Total revenues and long-lived assets, consisting primarily of net property and equipment and lease right-of-use assets, aggregated by the Company's U.S. and non-U.S. operations, are as follows:
Three Months Ended April 30,
(Amounts in millions)20252024
Revenues
U.S. operations$135,476 $131,291 
Non-U.S. operations30,133 30,217 
Total revenues$165,609 $161,508 
Long-lived assets
U.S. operations$116,186 $105,780 
Non-U.S. operations24,698 25,565 
Total long-lived assets$140,884 $131,345 
Walmart U.S.  
Disaggregation of Revenue [Line Items]  
Revenue by merchandise category or by market
(Amounts in millions)Three Months Ended April 30,
Walmart U.S. net sales by merchandise category20252024
Grocery$67,831 $66,431 
General merchandise25,276 25,711 
Health and wellness16,244 14,249 
Other categories2,812 2,279 
Total$112,163 $108,670 
Walmart International  
Disaggregation of Revenue [Line Items]  
Revenue by merchandise category or by market
(Amounts in millions)Three Months Ended April 30,
Walmart International net sales by market20252024
Mexico and Central America$11,714 $13,232 
China6,579 5,443 
Canada5,145 5,328 
Other6,316 5,830 
Total$29,754 $29,833 
Sam's Club U.S.  
Disaggregation of Revenue [Line Items]  
Revenue by merchandise category or by market
(Amounts in millions)Three Months Ended April 30,
Sam's Club U.S. net sales by merchandise category20252024
Grocery$15,443 $14,574 
Fuel and other2,851 3,334 
General merchandise2,536 2,477 
Health and wellness1,234 1,050 
Total$22,064 $21,435