Net Income Per Common Share

3 Months Ended

Apr. 30, 2022

Basic net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period. Diluted net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards. The Company did not have significant share-based awards outstanding that were anti-dilutive and not included in the calculation of diluted net income per common share attributable to Walmart for the three months ended April 30, 2022 and 2021.

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Walmart:


	Three Months Ended April 30,
(Amounts in millions, except per share data)	2022		2021
Numerator
Consolidated net income	$	2,103	$	2,811
Consolidated net income attributable to noncontrolling interest	(49)		(81)
Consolidated net income attributable to Walmart	$	2,054	$	2,730

Denominator
Weighted-average common shares outstanding, basic	2,754		2,815
Dilutive impact of share-based awards	11		14
Weighted-average common shares outstanding, diluted	2,765		2,829

Net income per common share attributable to Walmart
Basic	$	0.75	$	0.97
Diluted	0.74		0.97