WMT · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

Walmart Inc. · 2026-05-29 · Importance 51 · Surprise 64

Free cash flow (defined as net cash provided by operating activities less payments for property and equipment) was negative $1.946 billion for the three months ended April 30, 2026, a decrease of $2.4 billion versus the prior year period. Net cash provided by operating activities was $4.738 billion (down $0.7 billion YoY) while payments for property and equipment increased $1.7 billion to $6.684 billion, supporting omnichannel growth. Management notes free cash flow should be viewed as supplemental and that capital investments (and timing of inventory receipts) drove the quarter's decline in free cash flow.

Key facts

• Consolidated net income for the three months ended April 30, 2026: $5,490 million. source
• Consolidated net cash provided by operating activities for the three months ended April 30, 2026: $4,738 million, a decrease of $0.7 billion year-over-year. source
• Free cash flow for the three months ended April 30, 2026: negative $1,946 million. source