WMT · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

Walmart Inc. · 2026-05-29 · Importance 18 · Surprise 14

The Company's effective income tax rate was 23.2% for the three months ended April 30, 2026, up from 22.6% for the same period in the prior fiscal year.,The filing states the effective tax rate may fluctuate due to factors including changes in assessment of unrecognized tax benefits, valuation allowances, business operations, acquisitions, investments and the geographic mix of earnings.,Management notes that tax law, administrative practices and intercompany transactions across U.S. and international operations can also affect the effective rate period-to-period.

Key facts

• The Company's effective income tax rate for the three months ended April 30, 2026 was 23.2%, compared to 22.6% for the same period in the previous fiscal year. source