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沃尔玛WALMART(WMT)2026财年10-K年度报告「NYSE」(英文版)(209页).pdf

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1、UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549_FORM 10-K_ Annual report pursuant to section 13 or 15(d)of the Securities Exchange Act of 1934For the fiscal year ended January 31,2026,orTransition report pursuant to section 13 or 15(d)of the Securities Exchange Act of 1934Commiss

2、ion file number 001-06991._ Walmart Inc.(Exact name of registrant as specified in its charter)_ Delaware71-0415188(State or other jurisdiction ofincorporation or organization)(IRS Employer Identification No.)1 Customer Drive72716Bentonville,AR(Address of principal executive offices)(Zip Code)Registr

3、ants telephone number,including area code:(479)273-4000Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock,par value$0.10 per shareWMTThe Nasdaq Stock Market LLC2.550%Notes due 2026WMT26The Nasdaq Stock M

4、arket LLC1.050%Notes due 2026WMT26AThe Nasdaq Stock Market LLC1.500%Notes due 2028WMT28CThe Nasdaq Stock Market LLC4.875%Notes due 2029WMT29BThe Nasdaq Stock Market LLC5.750%Notes due 2030WMT30BThe Nasdaq Stock Market LLC1.800%Notes due 2031WMT31AThe Nasdaq Stock Market LLC5.625%Notes due 2034WMT34T

5、he Nasdaq Stock Market LLC5.250%Notes due 2035WMT35AThe Nasdaq Stock Market LLC4.875%Notes due 2039WMT39The Nasdaq Stock Market LLCSecurities registered pursuant to Section 12(g)of the Act:None_ Indicate by check mark if the registrant is a well-known seasoned issuer,as defined in Rule 405 of the Se

6、curities Act.Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d)of the Exchange Act.Yes No Indicate by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange A

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1. **公司概况**:Walmart Inc.是全球最大零售商之一,2026财年总营收713.2亿美元,净销售额706.4亿美元,运营三大业务板块:Walmart U.S.(净销售额4830亿美元,占比68%)、Walmart International(1304亿美元,19%)和Sam's Club U.S.(930亿美元,13%)。 2. **业务模式**:采用“全渠道”战略,整合线下门店(全球10,900家)与电商(如walmart.com、Flipkart),提供当日取货、配送等服务,并通过AI技术提升效率。 3. **竞争与风险**:面临电商及全渠道零售商激烈竞争,需持续投资技术、供应链及会员服务(如Walmart+),若策略执行不力可能影响市场份额和财务表现。 4. **人力与治理**:全球员工约210万,美国92%为时薪员工,注重技能培训与员工福利,强调“尊重个体”的企业文化。
沃尔玛战略? 零售风险? 电商投资?
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