Walmart Inc. (WMT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 29, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0.1% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
8B
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

WMT currently has 7.97B outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.1% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 29, 2026

10-Q filing | 7969.0M shares outstanding

8B 0
Mar 27, 2026

8-K filing: Suresh Kumar, Executive Vice President, Global Chief Technology Officer and Chief Development Officer, entered into a stock trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934 to sell a maximum aggregate number of 199,610 shares of the Company's common stock.

8B 0
Mar 13, 2026

8-K filing: C. Douglas McMillon, Daniel J. Bartlett and David Guggina each entered into a stock trading plan designed to comply with Rule 10b5-1 of the Securities and Exchange Act of 1934.

8B 0
Mar 13, 2026

10-K filing | 7983.0M shares outstanding

8B 0
Dec 29, 2025

8-K filing: Chris Nicholas, Executive Vice President, President and Chief Executive Officer, Sam's Club U.S., entered into a Rule 10b5-1 stock trading plan to sell up to 34,800 shares of Walmart Inc.'s common stock over 12 months starting in April 2026.

8B 0
Sep 22, 2025

8-K filing: Donna Morris, Executive Vice President and Chief People Officer of Walmart Inc., entered into a Rule 10b5-1 stock trading plan to sell a maximum of 148,665 shares of Company common stock (less shares withheld for taxes upon vesting) commencing on January 13, 2026, for asset diversification, tax, and financial planning purposes, subject to a minimum stock price threshold and expiring no later than July 13, 2026.

8B 0
Sep 19, 2025

8-K filing: Daniel Danker, Executive Vice President, AI Acceleration, Product and Design, entered into a stock trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934 to sell shares of the company's common stock.

8B 0
Sep 05, 2025

8-K filing: John David Rainey, Executive Vice President and Chief Financial Officer of Walmart Inc., entered into a Rule 10b5-1 stock trading plan to sell up to 40,000 shares of the company's common stock in scheduled transactions on February 2, 2026, and March 2, 2026, for asset diversification, tax, and financial planning, while remaining compliant with the company's stock ownership guidelines.

8B 0
Aug 29, 2025

10-Q filing | 7978.0M shares outstanding

8B 0
Jun 06, 2025

10-Q filing | 8011.0M shares outstanding

8B 0
Mar 17, 2025

8-K filing: John Furner, Executive Vice President, President and Chief Executive Officer, Walmart U.S., entered into a Rule 10b5-1 stock trading plan to sell up to 157,500 shares of Walmart's common stock from June 2025 through May 2026, with monthly sales of 13,125 shares.

8B 0
Mar 17, 2025

8-K filing: C. Douglas McMillon, President and Chief Executive Officer of Walmart Inc., entered into a Rule 10b5-1 stock trading plan to sell a maximum aggregate number of 233,000 shares of the company's stock from June 2025 through May 2026 as part of his long-term asset diversification, tax, and financial planning strategy.

8B 0
Mar 14, 2025

10-K filing | 8041.0M shares outstanding

8B 0
Dec 06, 2024

10-Q filing | 8038.0M shares outstanding

8B 0
Nov 22, 2024

8-K filing: Kathryn McLay, Executive Vice President, President and Chief Executive Officer, Walmart International, entered into a Rule 10b5-1 stock trading plan to sell up to 40,000 shares of Walmart Inc.'s common stock from March 2025 through December 2025.

8B 0
Sep 06, 2024

8-K filing: John David Rainey, Executive Vice President and Chief Financial Officer of Walmart Inc., entered into a Rule 10b5-1 stock trading plan to sell up to 95,800 shares of the company's common stock through December 1, 2025, for asset diversification, tax, and financial planning purposes.

8B 0
Aug 30, 2024

10-Q filing | 8044.0M shares outstanding

8B 0
Jun 07, 2024

10-Q filing | 8053.0M shares outstanding

8.1B 0
Mar 15, 2024

10-K filing | 8077.0M shares outstanding

8.1B 0
Feb 28, 2024

8-K filing: John Furner, Executive Vice President, President and Chief Executive Officer, Walmart U.S., entered into a stock trading plan designed to comply with Rule 10b5-1 to sell up to 131,250 shares of the Company's common stock between May 31, 2024, and February 27, 2025.

8.1B 0
Feb 23, 2024
Stock Split

8-K filing: Stock split 3-for-1 | Outstanding: 2,693,000,000 → 8,052,792,267

8.1B 0
Nov 30, 2023

10-Q filing | 2693.0M shares outstanding

2.7B 0
Sep 01, 2023

10-Q filing | 2693.0M shares outstanding

2.7B 0
Jun 02, 2023

10-Q filing | 2694.0M shares outstanding

2.7B 0
Mar 24, 2023

8-K filing: John David Rainey, Executive Vice President and Chief Financial Officer of Walmart Inc., entered into a Rule 10b5-1 stock trading plan to sell up to 49,104 shares of the company's stock for asset diversification, tax, and financial planning purposes.

2.7B 0
Mar 17, 2023

10-K filing | 2724.0M shares outstanding

2.7B 0
Mar 06, 2023

8-K filing: John Furner, Executive Vice President, President and Chief Executive Officer, Walmart U.S., entered into a Rule 10b5-1 stock trading plan to sell up to 43,750 shares of the Company's common stock from June 2023 through March 2024.

2.7B 0
Feb 24, 2023

8-K filing: C. Douglas McMillon, President and CEO of Walmart Inc., entered into a Rule 10b5-1 stock trading plan to sell a maximum aggregate of 233,000 shares from June 2023 through May 2025 as part of a long-term asset diversification strategy.

2.7B 0
Dec 01, 2022

10-Q filing | 2711.0M shares outstanding

2.7B 0
Sep 02, 2022

10-Q filing | 2736.0M shares outstanding

2.7B 0
Aug 17, 2022

8-K filing: John Furner, Executive Vice President, President and Chief Executive Officer, Walmart U.S., entered into a stock trading plan designed to comply with Rule 10b5-1 of the Securities and Exchange Act of 1934 to sell a maximum aggregate number of 35,000 shares beginning September 2022 through April 2023.

2.8B 0
Jun 03, 2022

10-Q filing | 2754.0M shares outstanding

2.8B 0
Mar 18, 2022

10-K filing | 2792.0M shares outstanding

2.8B 0
Dec 01, 2021

10-Q filing | 2785.0M shares outstanding

2.8B 0
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