{
  "url": "https://struct.news/briefs/walmarts-operating-income-jumped-29-net-income-still-fell-9",
  "title": "Walmart's operating income jumped 29%. Net income still fell 9%",
  "summary": "A $14.2B capital-spending bill and higher claims, depreciation, and healthcare costs complicated Walmart's six-month growth story.",
  "published_at": "2026-08-28T20:18:12.579186+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Walmart Inc.",
    "ticker": "WMT",
    "cik": "104169",
    "sector": "Consumer Defensive",
    "industry": "Discount Stores"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-28",
    "accession": "0000104169-26-000154",
    "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416926000154/wmt-20260731.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-29",
    "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416925000137/wmt-20250731.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 706413000000,
      "display": "$706.4B",
      "unit": "usd",
      "period": "2026-01-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0000104169-26-000154",
        "filing_date": "2026-08-28"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 4.72545653469485,
      "display": "+4.7%",
      "unit": "percent",
      "period": "2026-01-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000104169-26-000154",
        "filing_date": "2026-08-28"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 4.222034418958881,
      "display": "+4.2%",
      "unit": "percent",
      "period": "2026-01-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000104169-26-000154",
        "filing_date": "2026-08-28"
      }
    }
  ],
  "watch_next": [
    {
      "type": "tariffs",
      "statement": "Tariff refunds primarily supported the higher gross-profit rate in the latest six-month period, alongside offsets from price investments and fuel costs.",
      "importance": "medium",
      "evidence": "Gross profit as a percentage of net sales (\"gross profit rate\") increased 96 and 53 basis points for the three and six months ended July 31, 2026, respectively, when compared to the same periods in the previous fiscal year, primarily due to tariff refunds, partially offset by price investments and higher fuel costs within our supply chain.",
      "source_date": "2026-08-28"
    },
    {
      "type": "litigation",
      "statement": "Higher self-insured general liability claims expense was identified as a current operating-cost pressure.",
      "importance": "medium",
      "evidence": "The increase for the six months ended July 31, 2026 was primarily driven by increased depreciation related to our capital investments, higher associate healthcare benefit costs and higher self-insured general liability claims expense.",
      "source_date": "2026-08-28"
    }
  ],
  "related_tickers": [
    "WMT"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}