Walmart Inc (WMT)

Pretax margin

Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021
Earnings before tax but after interest (EBT) US$ in thousands 26,309,000 21,848,000 17,016,000 18,696,000 20,564,000
Revenue US$ in thousands 680,985,000 648,125,000 611,289,000 572,754,000 559,151,000
Pretax margin 3.86% 3.37% 2.78% 3.26% 3.68%

January 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $26,309,000K ÷ $680,985,000K
= 3.86%

From the data provided, Walmart Inc's pretax margin has shown some fluctuations over the past five years. In January 31, 2021, the pretax margin stood at 3.68%, showing a slight decrease to 3.26% by January 31, 2022. However, there was a more significant decline in the pretax margin to 2.78% by January 31, 2023. Subsequently, there was a recovery in the pretax margin to 3.37% by January 31, 2024, followed by a further improvement to 3.86% by January 31, 2025.

These fluctuations in Walmart's pretax margin indicate some variability in the company's profitability before accounting for taxes and interest expenses. It is important for investors and analysts to further investigate the reasons behind these fluctuations to understand the factors influencing Walmart Inc's financial performance over the years.