Net Income Per Common Share

3 Months Ended

Apr. 30, 2023

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, 2023 and 2022.

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)	2023		2022
Numerator
Consolidated net income	$	1,896	$	2,103
Consolidated net income attributable to noncontrolling interest	(223)		(49)
Consolidated net income attributable to Walmart	$	1,673	$	2,054

Denominator
Weighted-average common shares outstanding, basic	2,694		2,754
Dilutive impact of share-based awards	10		11
Weighted-average common shares outstanding, diluted	2,704		2,765

Net income per common share attributable to Walmart
Basic	$	0.62	$	0.75
Diluted	0.62		0.74