Basic net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period. Diluted net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards as determined under the treasury stock method. The Company did not have significant share-based awards outstanding that were antidilutive and not included in the calculation of diluted net income per common share attributable to Walmart for the three months ended April 30, 2026 and 2025.

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Walmart:


	Three Months Ended April 30,
(Amounts in millions, except per share data)	2026		2025
Numerator
Consolidated net income	$	5,490	$	4,639
Consolidated net income attributable to noncontrolling interest	(160)		(152)
Consolidated net income attributable to Walmart	$	5,330	$	4,487

Denominator
Weighted-average common shares outstanding, basic	7,969		8,011
Dilutive impact of share-based awards	30		40
Weighted-average common shares outstanding, diluted	7,999		8,051

Net income per common share attributable to Walmart
Basic	$	0.67	$	0.56
Diluted	0.67		0.56