Walmart (WMT) Shares Outstanding (Diluted) (2009 - 2026)
Walmart (WMT) reported Shares Outstanding (Diluted) of 7.98 billion for fiscal Q2 2027 (quarter ended Jul 31, 2026), down 0.5% from 8.02 billion a year earlier and down 0.3% from the prior quarter.
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Analysis
Walmart (WMT) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Walmart posted Shares Outstanding (Diluted) of 8.02 billion, down 0.7% from FY2025.
- Shares Outstanding (Diluted) has declined for 17 consecutive fiscal years, with a five-year compound annual growth rate of -1.2% (FY2021 to FY2026).
- By fiscal year, Shares Outstanding (Diluted) came in at 8.08 billion in FY2025 (-0.3%), 8.11 billion in FY2024 (-1.1%), 8.2 billion in FY2023 (-2.5%) and 8.42 billion in FY2022 (-1.5%).
- The fiscal Q2 2027 figure ranks as the lowest quarterly Shares Outstanding (Diluted) in data going back to fiscal Q4 2009.
- Year over year, Shares Outstanding (Diluted) has now declined in each of the last 67 quarters, with an average decline of 0.6% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding (Diluted) ran from 0.3% in fiscal Q3 2024 to 3.1% in fiscal Q3 2023.
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at 8 billion (Q1 2027), 8.02 billion (Q4 2026) and 8.01 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 824.47 Bn | 787.18 Bn | 49.13 Bn | 7.98 Bn |
| 2 | Costco Wholesale | 403.75 Bn | 333.05 Bn | 9.01 Bn | 444.43 Mn |
| 3 | Sysco | 37.36 Bn | 31.61 Bn | 4.13 Bn | 480.61 Mn |
| 4 | Kroger | 34.63 Bn | 20.79 Bn | 7.86 Bn | 608.00 Mn |
| 5 | Dollar General | 26.38 Bn | 21.06 Bn | 3.68 Bn | 221.51 Mn |
| 6 | Caseys General Stores | 22.49 Bn | 20.48 Bn | 1.24 Bn | 37.14 Mn |
| 7 | Dollar Tree | 21.40 Bn | 18.02 Bn | 2.10 Bn | 190.90 Mn |
| 8 | US Foods Holding | 19.94 Bn | 19.74 Bn | 1.92 Bn | 221.00 Mn |
| 9 | Tractor Supply | 16.33 Bn | 15.49 Bn | 1.68 Bn | 524.62 Mn |
| 10 | Performance Food | 14.29 Bn | 14.07 Bn | 2.17 Bn | 157.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 7.98 Bn |
| Apr 30, 2026 | 8.00 Bn |
| Jan 31, 2026 | 8.02 Bn |
| Oct 31, 2025 | 8.01 Bn |
| Jul 31, 2025 | 8.02 Bn |
| Apr 30, 2025 | 8.05 Bn |
| Jan 31, 2025 | 8.08 Bn |
| Oct 31, 2024 | 8.08 Bn |
| Jul 31, 2024 | 8.08 Bn |
| Apr 30, 2024 | 8.08 Bn |
| Jan 31, 2024 | 8.11 Bn |
| Oct 31, 2023 | 8.11 Bn |
| Jul 31, 2023 | 8.11 Bn |
| Apr 30, 2023 | 8.11 Bn |
| Jan 31, 2023 | 8.20 Bn |
| Oct 31, 2022 | 8.13 Bn |
| Jul 31, 2022 | 8.24 Bn |
| Apr 30, 2022 | 8.30 Bn |
| Jan 31, 2022 | 8.42 Bn |
| Oct 31, 2021 | 8.39 Bn |
API Access
Walmart Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=WMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "WMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=WMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();