v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

 

 

 

 

 

 

 

Average
Summary
Compensation
Table Total for

 

 

Average
 Compensation
Actually Paid to

 

 

Value of Initial Fixed $100
Investment Based on:

 

 

 

 

 

 

 

Year
(a)

 

Summary
Compensation
Table Total for
PEO ($)
(b)

 

 

Compensation
Actually Paid to
PEO ($)
(c)

 

 

Non-PEO
Named
Executive
Officers ($)
(d)

 

 

Non-PEO
Named
Executive
Officers ($)
(e)

 

 

Total
 Shareholder
Return ($)
(f)

 

 

Peer Group
Total
Shareholder
Return ($)
(g)

 

 

Net Income ($)
(h)

 

 

Net Sales ($)
(i)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2026

 

 

29,240,930

 

 

 

36,488,421

 

 

 

25,904,488

 

 

 

38,435,643

 

 

 

272.28

 

 

 

164.12

 

 

 

21,893

 

 

 

706,413

 

Fiscal 2025

 

 

27,408,854

 

 

 

101,500,051

 

 

 

14,508,810

 

 

 

48,361,374

 

 

 

222.20

 

 

 

161.20

 

 

 

19,436

 

 

 

674,538

 

Fiscal 2024

 

 

26,968,924

 

 

 

47,471,296

 

 

 

13,951,520

 

 

 

22,559,933

 

 

 

123.22

 

 

 

114.73

 

 

 

15,511

 

 

 

642,637

 

Fiscal 2023

 

 

25,306,714

 

 

 

30,987,575

 

 

 

16,301,614

 

 

 

19,285,472

 

 

 

105.67

 

 

 

88.85

 

 

 

11,680

 

 

 

605,881

 

Fiscal 2022

 

 

25,670,673

 

 

 

31,528,037

 

 

 

12,062,203

 

 

 

15,108,038

 

 

 

101.10

 

 

 

108.64

 

 

 

13,673

 

 

 

567,762

 

       
Company Selected Measure Name Net sales        
Named Executive Officers, Footnote

Doug McMillon served as CEO, which is our principal executive officer (“PEO”), for each of the years on the table. The non-PEO Named Executive Officers included when calculating the averages in columns (c) and (d) are as follows:

 

Fiscal 2026

Fiscal 2025

Fiscal 2024

Fiscal 2023

Fiscal 2022

John Furner

John Furner

John Furner

Brett Biggs

Brett Biggs

John David Rainey

John David Rainey

John David Rainey

John Furner

John Furner

Suresh Kumar

Suresh Kumar

Suresh Kumar

John David Rainey

Suresh Kumar

Daniel Danker

Kath McLay

Kath McLay

Suresh Kumar

Judith McKenna

 

Chris Nicholas

Chris Nicholas

Judith McKenna

Kath McLay

 

 

 

  Kath McLay

 

       
PEO Total Compensation Amount $ 29,240,930 $ 27,408,854 $ 26,968,924 $ 25,306,714 $ 25,670,673
PEO Actually Paid Compensation Amount $ 36,488,421 101,500,051 47,471,296 30,987,575 31,528,037
Adjustment To PEO Compensation, Footnote

Columns (c) and (e)

Below is an explanation of the amounts deducted and added from Summary Compensation table total compensation amounts to determine “compensation actually paid” as calculated in accordance with Item 402(v)(2) of Regulation S-K:

PEO

 

Fiscal
Year

 

Summary
Compensation
table total ($)

 

 

Less grant date
fair value of
stock awards
granted during
fiscal year that
are outstanding
and unvested as
of FYE ($)

 

 

Add FYE fair
value of awards
granted during
the fiscal year
that are
outstanding and
unvested as of
FYE ($)

 

 

Less prior FYE fair
value of awards
forfeited during
the fiscal year ($)

 

 

Change in fair
value as of
vesting date
compared to
prior FYE fair
value for vested
awards granted
in prior years ($)

 

 

Change in fair
value as of FYE
compared to
prior FYE
fair value for
unvested and
outstanding
awards granted
during prior
years ($)

 

 

Add dividends
paid on
unvested equity
awards during
fiscal year ($)

 

 

Compensation
Actually Paid
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

 

29,240,930

 

 

 

(21,051,605

)

 

 

26,346,024

 

 

 

(20,360,544

)

 

 

12,285,114

 

 

 

9,940,681

 

 

 

87,821

 

 

 

36,488,421

 

2025

 

 

27,408,854

 

 

 

(20,375,675

)

 

 

22,622,739

 

 

 

 

 

 

20,254,099

 

 

 

51,490,832

 

 

 

99,202

 

 

 

101,500,051

 

2024

 

 

26,968,924

 

 

 

(19,608,750

)

 

 

20,821,500

 

 

 

 

 

 

3,340,915

 

 

 

15,809,477

 

 

 

139,230

 

 

 

47,471,296

 

2023

 

 

25,306,714

 

 

 

(19,411,326

)

 

 

20,196,471

 

 

 

 

 

 

575,438

 

 

 

4,140,924

 

 

 

179,354

 

 

 

30,987,575

 

2022

 

 

25,670,673

 

 

 

(19,195,007

)

 

 

19,298,673

 

 

 

 

 

 

(237,046

)

 

 

5,773,048

 

 

 

217,696

 

 

 

31,528,037

 

 

Per the terms of Mr. McMillon’s retirement agreement, during fiscal 2026, certain Shares of restricted stock and performance-based restricted stock units previously scheduled to vest in January 2028 were accelerated to vest on January 31, 2027. This accelerated vesting did not change the number of Shares of restricted stock or performance-based restricted stock units granted to Mr. McMillon. However, in accordance with FASB ASC Topic 718, the accelerated shares were treated as new replacement grants as of the modification date.

 

Non-PEO NEOs (Averages)

 

Fiscal
Year

 

Summary
Compensation
table total ($)

 

 

Less grant date
fair value of
stock awards
granted during
fiscal year that
are outstanding
and unvested as
of FYE ($)

 

 

Add FYE fair
value of awards
granted during
the fiscal year
that are
outstanding and
unvested as of
FYE ($)

 

 

Add fair value as
of vesting date
of awards
granted and
vested during
the same fiscal
year ($)

 

 

Change in fair
value as of
vesting date
compared to
prior FYE fair
value for vested
awards granted
in prior years ($)

 

 

Change in fair
value as of FYE
compared to
prior FYE
fair value for
unvested and
outstanding
awards granted
during prior
years ($)

 

 

Add dividends
paid on
unvested equity
awards during
fiscal year ($)

 

 

Compensation
Actually Paid
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

 

25,904,488

 

 

 

(21,297,341

)

 

 

22,753,774

 

 

 

202,702

 

 

 

4,817,593

 

 

 

5,986,384

 

 

 

68,043

 

 

 

38,435,643

 

2025

 

 

14,508,810

 

 

 

(10,679,996

)

 

 

11,820,368

 

 

 

 

 

 

9,560,978

 

 

 

23,055,931

 

 

 

95,283

 

 

 

48,361,374

 

2024

 

 

13,951,520

 

 

 

(10,302,960

)

 

 

11,153,896

 

 

 

48,529

 

 

 

1,121,378

 

 

 

6,468,432

 

 

 

119,138

 

 

 

22,559,933

 

2023

 

 

16,301,614

 

 

 

(12,488,869

)

 

 

13,270,497

 

 

 

504,179

 

 

 

208,893

 

 

 

1,397,862

 

 

 

91,296

 

 

 

19,285,472

 

2022

 

 

12,062,203

 

 

 

(8,370,384

)

 

 

7,912,519

 

 

 

506,097

 

 

 

303,291

 

 

 

2,606,771

 

 

 

87,541

 

 

 

15,108,038

 

 

Stock awards for our NEOs consist of a combination of restricted stock and performance-based restricted stock units. Equity fair values are calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation — Stock Compensation. The fair value of unvested time-based restricted stock, as well as the fair value of all share-based awards upon vesting, is based upon the closing price of a Share as of the applicable measurement date. The fair value of unvested performance-based restricted stock units is based upon the probable outcome of the applicable performance conditions as of the measurement date. We do not grant stock options to our Named Executive Officers. Additionally, none of our NEOs participate in a defined benefit or actuarial pension plan.

       
Non-PEO NEO Average Total Compensation Amount $ 25,904,488 14,508,810 13,951,520 16,301,614 12,062,203
Non-PEO NEO Average Compensation Actually Paid Amount $ 38,435,643 48,361,374 22,559,933 19,285,472 15,108,038
Adjustment to Non-PEO NEO Compensation Footnote

Columns (c) and (e)

Below is an explanation of the amounts deducted and added from Summary Compensation table total compensation amounts to determine “compensation actually paid” as calculated in accordance with Item 402(v)(2) of Regulation S-K:

PEO

 

Fiscal
Year

 

Summary
Compensation
table total ($)

 

 

Less grant date
fair value of
stock awards
granted during
fiscal year that
are outstanding
and unvested as
of FYE ($)

 

 

Add FYE fair
value of awards
granted during
the fiscal year
that are
outstanding and
unvested as of
FYE ($)

 

 

Less prior FYE fair
value of awards
forfeited during
the fiscal year ($)

 

 

Change in fair
value as of
vesting date
compared to
prior FYE fair
value for vested
awards granted
in prior years ($)

 

 

Change in fair
value as of FYE
compared to
prior FYE
fair value for
unvested and
outstanding
awards granted
during prior
years ($)

 

 

Add dividends
paid on
unvested equity
awards during
fiscal year ($)

 

 

Compensation
Actually Paid
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

 

29,240,930

 

 

 

(21,051,605

)

 

 

26,346,024

 

 

 

(20,360,544

)

 

 

12,285,114

 

 

 

9,940,681

 

 

 

87,821

 

 

 

36,488,421

 

2025

 

 

27,408,854

 

 

 

(20,375,675

)

 

 

22,622,739

 

 

 

 

 

 

20,254,099

 

 

 

51,490,832

 

 

 

99,202

 

 

 

101,500,051

 

2024

 

 

26,968,924

 

 

 

(19,608,750

)

 

 

20,821,500

 

 

 

 

 

 

3,340,915

 

 

 

15,809,477

 

 

 

139,230

 

 

 

47,471,296

 

2023

 

 

25,306,714

 

 

 

(19,411,326

)

 

 

20,196,471

 

 

 

 

 

 

575,438

 

 

 

4,140,924

 

 

 

179,354

 

 

 

30,987,575

 

2022

 

 

25,670,673

 

 

 

(19,195,007

)

 

 

19,298,673

 

 

 

 

 

 

(237,046

)

 

 

5,773,048

 

 

 

217,696

 

 

 

31,528,037

 

 

Per the terms of Mr. McMillon’s retirement agreement, during fiscal 2026, certain Shares of restricted stock and performance-based restricted stock units previously scheduled to vest in January 2028 were accelerated to vest on January 31, 2027. This accelerated vesting did not change the number of Shares of restricted stock or performance-based restricted stock units granted to Mr. McMillon. However, in accordance with FASB ASC Topic 718, the accelerated shares were treated as new replacement grants as of the modification date.

 

Non-PEO NEOs (Averages)

 

Fiscal
Year

 

Summary
Compensation
table total ($)

 

 

Less grant date
fair value of
stock awards
granted during
fiscal year that
are outstanding
and unvested as
of FYE ($)

 

 

Add FYE fair
value of awards
granted during
the fiscal year
that are
outstanding and
unvested as of
FYE ($)

 

 

Add fair value as
of vesting date
of awards
granted and
vested during
the same fiscal
year ($)

 

 

Change in fair
value as of
vesting date
compared to
prior FYE fair
value for vested
awards granted
in prior years ($)

 

 

Change in fair
value as of FYE
compared to
prior FYE
fair value for
unvested and
outstanding
awards granted
during prior
years ($)

 

 

Add dividends
paid on
unvested equity
awards during
fiscal year ($)

 

 

Compensation
Actually Paid
($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

 

25,904,488

 

 

 

(21,297,341

)

 

 

22,753,774

 

 

 

202,702

 

 

 

4,817,593

 

 

 

5,986,384

 

 

 

68,043

 

 

 

38,435,643

 

2025

 

 

14,508,810

 

 

 

(10,679,996

)

 

 

11,820,368

 

 

 

 

 

 

9,560,978

 

 

 

23,055,931

 

 

 

95,283

 

 

 

48,361,374

 

2024

 

 

13,951,520

 

 

 

(10,302,960

)

 

 

11,153,896

 

 

 

48,529

 

 

 

1,121,378

 

 

 

6,468,432

 

 

 

119,138

 

 

 

22,559,933

 

2023

 

 

16,301,614

 

 

 

(12,488,869

)

 

 

13,270,497

 

 

 

504,179

 

 

 

208,893

 

 

 

1,397,862

 

 

 

91,296

 

 

 

19,285,472

 

2022

 

 

12,062,203

 

 

 

(8,370,384

)

 

 

7,912,519

 

 

 

506,097

 

 

 

303,291

 

 

 

2,606,771

 

 

 

87,541

 

 

 

15,108,038

 

 

Stock awards for our NEOs consist of a combination of restricted stock and performance-based restricted stock units. Equity fair values are calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation — Stock Compensation. The fair value of unvested time-based restricted stock, as well as the fair value of all share-based awards upon vesting, is based upon the closing price of a Share as of the applicable measurement date. The fair value of unvested performance-based restricted stock units is based upon the probable outcome of the applicable performance conditions as of the measurement date. We do not grant stock options to our Named Executive Officers. Additionally, none of our NEOs participate in a defined benefit or actuarial pension plan.

       
Compensation Actually Paid vs. Total Shareholder Return

The following graph reflects the relationship between the compensation actually paid for our PEO and for the average of our other NEOs as calculated in accordance with Item 402(v) of Regulation S-K, Walmart’s total shareholder return, and the total shareholder return of the S&P 500 Consumer Discretionary Distribution & Retail Index over the applicable measurement period:

 

img178014762_256.gif

       
Compensation Actually Paid vs. Net Income

The following graph reflects the relationship between the compensation actually paid for our PEO and for the average of our other NEOs as calculated in accordance with Item 402(v) of Regulation S-K, and Walmart’s net income calculated in accordance with GAAP over the applicable measurement period:

 

img178014762_257.gif

       
Compensation Actually Paid vs. Company Selected Measure

The following graph reflects the relationship between the compensation actually paid for our PEO and for the average of our other NEOs as calculated in accordance with Item 402(v) of Regulation S-K, and Walmart’s net sales calculated in accordance with GAAP over the applicable measurement period:

 

img178014762_258.gif

       
Total Shareholder Return Vs Peer Group Column (g) represents the cumulative total shareholder return of the S&P 500 Consumer Discretionary Distribution & Retail Index over the same measurement period, assuming reinvestment of dividends.

The following graph reflects the relationship between the compensation actually paid for our PEO and for the average of our other NEOs as calculated in accordance with Item 402(v) of Regulation S-K, Walmart’s total shareholder return, and the total shareholder return of the S&P 500 Consumer Discretionary Distribution & Retail Index over the applicable measurement period:

 

img178014762_256.gif

       
Tabular List, Table

Net Sales

Operating Income

Return on Investment

       
Total Shareholder Return Amount $ 272.28 222.2 123.22 105.67 101.1
Peer Group Total Shareholder Return Amount 164.12 161.2 114.73 88.85 108.64
Net Income (Loss) $ 21,893,000,000 $ 19,436,000,000 $ 15,511,000,000 $ 11,680,000,000 $ 13,673,000,000
Company Selected Measure Amount 706,413,000,000 674,538,000,000 642,637,000,000 605,881,000,000 567,762,000,000
PEO Name Doug McMillon        
Additional 402(v) Disclosure Column (f) reflects total shareholder return calculated in the manner prescribed by Item 201(e) of Regulation S-K, and reflects the cumulative value of $100, including the reinvestment of dividends, if such amount were invested on February 1, 2021.

Amounts in these columns are in millions. Column (h) reflects consolidated net income attributable to Walmart calculated in accordance with GAAP for each of the years shown. Column (i) reflects net sales calculated in accordance with GAAP for each of the years shown. Net sales is the company-selected financial measure from the list of the most important performance measures used to link compensation actually paid to our CEO and other NEOs to our company’s performance for fiscal 2026 from the list below.

       
Measure:: 1          
Pay vs Performance Disclosure          
Name Net Sales        
Measure:: 2          
Pay vs Performance Disclosure          
Name Operating Income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Return on Investment        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (21,051,605) $ (20,375,675) $ (19,608,750) $ (19,411,326) $ (19,195,007)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 26,346,024 22,622,739 20,821,500 20,196,471 19,298,673
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,940,681 51,490,832 15,809,477 4,140,924 5,773,048
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,285,114 20,254,099 3,340,915 575,438 (237,046)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (20,360,544) 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 87,821 99,202 139,230 179,354 217,696
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (21,297,341) (10,679,996) (10,302,960) (12,488,869) (8,370,384)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 22,753,774 11,820,368 11,153,896 13,270,497 7,912,519
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,986,384 23,055,931 6,468,432 1,397,862 2,606,771
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 202,702 0 48,529 504,179 506,097
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,817,593 9,560,978 1,121,378 208,893 303,291
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 68,043 $ 95,283 $ 119,138 $ 91,296 $ 87,541