Walmart annual debt-to-equity ratio
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Walmart Debt-to-Equity Ratio Growth & History (WMT)
Walmart's debt-to-equity ratio was 0.61 for fiscal 2026.
View full Walmart company overviewWalmart annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-01-31 | 0.61 | −0.02 | −3.11% |
| 2025 | 2025-01-31 | 0.63 | −0.09 | −13.04% |
| 2024 | 2024-01-31 | 0.72 | −0.04 | −5.59% |
| 2023 | 2023-01-31 | 0.76 | 0.08 | +11.68% |
| 2022 | 2022-01-31 | 0.68 | −0.10 | −12.22% |
| 2021 | 2021-01-31 | 0.78 | −0.18 | −19.08% |
| 2020 | 2020-01-31 | 0.96 | 0.23 | +32.11% |
| 2019 | 2019-01-31 | 0.73 | 0.20 | +37.57% |
| 2018 | 2018-01-31 | 0.53 | −0.05 | −8.13% |
| 2017 | 2017-01-31 | 0.58 | −0.01 | −1.91% |
| 2016 | 2016-01-31 | 0.59 | −0.01 | −1.54% |
| 2015 | 2015-01-31 | 0.60 | −0.05 | −7.08% |
| 2014 | 2014-01-31 | 0.64 | −0.07 | −9.44% |
| 2013 | 2013-01-31 | 0.71 | −0.04 | −5.35% |
| 2011 | 2012-01-31 | 0.75 | 0.02 | +2.98% |
| 2010 | 2011-01-31 | 0.73 | 0.14 | +24.07% |
| 2009 | 2010-01-31 | 0.59 | −0.06 | −9.33% |
| 2008 | 2009-01-31 | 0.65 | — | — |
Walmart quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2027 | 2026-07-31 | 0.64 | −0.03 | −5.13% |
| Q1 2027 | 2026-04-30 | 0.67 | −0.06 | −8.44% |
| Q4 2026 | 2026-01-31 | 0.61 | −0.02 | −3.11% |
| Q3 2026 | 2025-10-31 | 0.62 | −0.04 | −5.39% |
| Q2 2026 | 2025-07-31 | 0.68 | −0.01 | −1.37% |
| Q1 2026 | 2025-04-30 | 0.74 | 0.01 | +1.30% |
| Q4 2025 | 2025-01-31 | 0.63 | −0.09 | −13.04% |
| Q3 2025 | 2024-10-31 | 0.66 | −0.09 | −12.27% |
| Q2 2025 | 2024-07-31 | 0.69 | −0.07 | −9.12% |
| Q1 2025 | 2024-04-30 | 0.73 | −0.13 | −15.45% |
| Q4 2024 | 2024-01-31 | 0.72 | −0.04 | −5.59% |
| Q3 2024 | 2023-10-31 | 0.75 | −0.06 | −7.16% |
| Q2 2024 | 2023-07-31 | 0.76 | 0.05 | +7.45% |
| Q1 2024 | 2023-04-30 | 0.86 | 0.14 | +19.19% |
| Q4 2023 | 2023-01-31 | 0.76 | 0.08 | +11.68% |
| Q3 2023 | 2022-10-31 | 0.81 | 0.12 | +16.70% |
| Q2 2023 | 2022-07-31 | 0.70 | −0.04 | −5.72% |
| Q1 2023 | 2022-04-30 | 0.72 | −0.08 | −9.67% |
| Q4 2022 | 2022-01-31 | 0.68 | −0.10 | −12.22% |
| Q3 2022 | 2021-10-31 | 0.69 | −0.14 | −17.11% |
| Q2 2022 | 2021-07-31 | 0.75 | −0.17 | −18.56% |
| Q1 2022 | 2021-04-30 | 0.80 | −0.25 | −23.78% |
| Q4 2021 | 2021-01-31 | 0.78 | −0.18 | −19.08% |
| Q3 2021 | 2020-10-31 | 0.84 | −0.15 | −15.46% |
| Q2 2021 | 2020-07-31 | 0.92 | −0.09 | −9.10% |
| Q1 2021 | 2020-04-30 | 1.05 | 0.01 | +1.06% |
| Q4 2020 | 2020-01-31 | 0.96 | 0.23 | +32.11% |
| Q3 2020 | 2019-10-31 | 0.99 | 0.35 | +55.60% |
| Q2 2020 | 2019-07-31 | 1.01 | 0.36 | +56.13% |
| Q1 2020 | 2019-04-30 | 1.04 | 0.62 | +151.85% |
| Q4 2019 | 2019-01-31 | 0.73 | 0.20 | +37.57% |
| Q3 2019 | 2018-10-31 | 0.64 | 0.05 | +8.25% |
| Q2 2019 | 2018-07-31 | 0.65 | 0.07 | +11.34% |
| Q1 2019 | 2018-04-30 | 0.41 | −0.18 | −30.98% |
| Q4 2018 | 2018-01-31 | 0.53 | −0.05 | −8.13% |
| Q3 2018 | 2017-10-31 | 0.59 | 0.01 | +1.78% |
| Q2 2018 | 2017-07-31 | 0.58 | −0.01 | −2.41% |
| Q1 2018 | 2017-04-30 | 0.60 | −0.02 | −3.12% |
| Q4 2017 | 2017-01-31 | 0.58 | −0.01 | −1.91% |
| Q3 2017 | 2016-10-31 | 0.58 | −0.02 | −3.14% |
| Q2 2017 | 2016-07-31 | 0.60 | −0.00 | −0.79% |
| Q1 2017 | 2016-04-30 | 0.61 | −0.03 | −4.79% |
| Q4 2016 | 2016-01-31 | 0.59 | −0.01 | −1.54% |
| Q3 2016 | 2015-10-31 | 0.60 | −0.03 | −4.91% |
| Q2 2016 | 2015-07-31 | 0.60 | −0.05 | −7.90% |
| Q1 2016 | 2015-04-30 | 0.65 | −0.07 | −9.31% |
| Q4 2015 | 2015-01-31 | 0.60 | −0.05 | −7.08% |
| Q3 2015 | 2014-10-31 | 0.63 | −0.21 | −25.47% |
| Q2 2015 | 2014-07-31 | 0.65 | −0.15 | −18.40% |
| Q1 2015 | 2014-04-30 | 0.71 | −0.10 | −12.40% |
| Q4 2014 | 2014-01-31 | 0.64 | −0.07 | −9.44% |
| Q3 2014 | 2013-10-31 | 0.84 | 0.06 | +8.33% |
| Q2 2014 | 2013-07-31 | 0.80 | 0.02 | +2.74% |
| Q1 2014 | 2013-04-30 | 0.81 | 0.02 | +2.59% |
| Q4 2013 | 2013-01-31 | 0.71 | −0.04 | −5.35% |
| Q3 2012 | 2012-10-31 | 0.78 | −0.10 | −11.84% |
| Q2 2012 | 2012-07-31 | 0.78 | −0.06 | −7.48% |
| Q1 2012 | 2012-04-30 | 0.79 | −0.06 | −7.50% |
| Q4 2011 | 2012-01-31 | 0.75 | 0.02 | +2.98% |
| Q3 2011 | 2011-10-31 | 0.88 | 0.02 | +1.76% |
| Q2 2011 | 2011-07-31 | 0.84 | 0.08 | +10.31% |
| Q1 2011 | 2011-04-30 | 0.86 | 0.15 | +20.40% |
| Q4 2010 | 2011-01-31 | 0.73 | 0.14 | +24.07% |
| Q3 2010 | 2010-10-31 | 0.87 | 0.16 | +23.15% |
| Q2 2010 | 2010-07-31 | 0.76 | 0.08 | +12.27% |
| Q1 2010 | 2010-04-30 | 0.71 | — | — |
| Q4 2009 | 2010-01-31 | 0.59 | −0.06 | −9.33% |
| Q3 2009 | 2009-10-31 | 0.70 | — | — |
| Q2 2009 | 2009-07-31 | 0.68 | — | — |
| Q4 2008 | 2009-01-31 | 0.65 | — | — |
Walmart debt-to-equity ratio trends
Over the last five fiscal years, Walmart's debt-to-equity ratio decreased from 0.78 to 0.61, a change of −0.17. The latest reported quarter, Q2 2027, shows 0.64.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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