Net Income Per Common Share

6 Months Ended

Jul. 31, 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 and six months ended July 31, 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 July 31,				Six Months Ended July 31,
(Amounts in millions, except per share data)	2023		2022		2023		2022
Numerator
Consolidated net income	$	8,053	$	5,147	$	9,949	$	7,250
Consolidated net (income) loss attributable to noncontrolling interest	(162)		2		(385)		(47)
Consolidated net income attributable to Walmart	$	7,891	$	5,149	$	9,564	$	7,203

Denominator
Weighted-average common shares outstanding, basic	2,693		2,736		2,694		2,745
Dilutive impact of share-based awards	10		9		9		10
Weighted-average common shares outstanding, diluted	2,703		2,745		2,703		2,755

Net income per common share attributable to Walmart
Basic	$	2.93	$	1.88	$	3.55	$	2.62
Diluted	2.92		1.88		3.54		2.61