Walmart’s QQ3 2025 results show a solid top-line trajectory with revenue of $169.59 billion, marking a year-over-year growth of 5.46% and a modest sequential uptick of 0.15%. The quarter delivered a gross margin of approximately 24.9% and an operating margin near 4.0%, reflecting ongoing scale advantages, cost-control measures, and mix benefits, albeit with margin headwinds linked to labor, logistics, and promotions typical of a discount retailer. Net income and earnings per share exhibits a pronounced year-over-year uplift (net income up ~910% YoY and EPS up ~916%), driven by base effects and favorable non-operating items, alongside continued cash generation despite elevated capital expenditure. Cash flow from operations stood at roughly $6.56 billion, while capital expenditures totaled about $6.19 billion, yielding free cash flow of approximately $372 million. Balance sheet liquidity in this snapshot shows a conservative cash position (~$10.17 billion) with total liabilities of ~$168.9 billion against ~$88.1 billion in equity, and a current ratio below 1 (0.85x) signaling working-capital dynamics typical for a high-volume retailer with capex-intensive activities. The company maintains a modest dividend yield (~0.81%) and a debt program that supports ongoing share repurchases and growth initiatives.