# Revenue growth

Informational only - not investment advice.

Book: [Reading Financial Data - Step by Step](/guide/)
Chapter: [Reading a company's financials](/guide/company-financials/)
As of: 2026-03-13

Revenue growth compares one fiscal year with the immediately prior fiscal year.

## Concept

Use consecutive years. If a year is missing, do not turn a multi-year change into annual growth.

## Worked Example: Compute Walmart's latest annual revenue growth

1. WMT revenue was $681.0 billion in fiscal 2025.
2. WMT revenue was $713.2 billion in fiscal 2026.
3. Revenue growth = latest / prior - 1 = $713.2 billion / $681.0 billion - 1 = 4.73%.

## See it live

- [WMT company page](/company/WMT/)

## Sources

- [WMT SEC companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000104169.json)
- [WMT latest 10-K source](https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm)