Reading Financial Data - Step by Step / Reading a company's financials
Revenue growth
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
- WMT revenue was $681.0 billion in fiscal 2025.
- WMT revenue was $713.2 billion in fiscal 2026.
- Revenue growth = latest / prior - 1 = $713.2 billion / $681.0 billion - 1 = 4.73%.
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Sources
Informational only - not investment advice.