Walmart — Aug 21, 2025 release

operating income (cc) Increase 3.5% to 5.5% • Including approximately 70 bps headwind from lapping leap year • Including approximately 80 bps headwind from acquisition of VIZIO Unchanged Unchanged Interest, net Increase approximately $100M to $200M Unchanged Unchanged Effective tax rate Approximately 23.5% to 24.5% Unchanged Unchanged Non-controlling interest Relatively flat Unchanged Unchanged Adjusted EPS $2.50 to $2.60, including approximately $0.05 headwind from currency Unchanged $2.52 to $2.62, including $0.02 to $0.03 headwind from currency Capital expenditures Approximately 3.0% to 3.5% of net sales Unchanged Unchanged 1 For relevant non-GAAP reconciliations, see Q3 FY25 and Q4 FY25 earnings releases furnished on Form 8-K on November 19, 2024 and February 20, 2025, respectively. cc - constant currency 5 About Walmart Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 270 million customers and members visit more than 10,750 stores and numerous eCommerce websites in 19 countries. With fiscal year 2025 revenue of $681 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X (formerly known as Twitter) at twitter.com/walmart, and on LinkedIn at linkedin.com/company/walmart. Investor Relations contact: Steph Wissink – ir@walmart.com Media Relations contact: Molly Blakeman – (800) 331-0085 6 Forward-looking statements This release and related management commentary contains