Walmart Inc. (WMT) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Walmart Inc. surfaced in its latest filing.

• Experienced cybersecurity incidents during fiscal 2026, although to date they have not had a material adverse effect.2026
• Antitrust and competition law regulatory matters underway in Canada, Mexico and India relating to our Flipkart subsidiary.
• Incremental import tariffs impacted Walmart during fiscal 2026.2026
• Tax Cuts and Jobs Act of 2017 significantly changed U.S. federal income tax laws affecting U.S. corporations.2017
• OECD Global Minimum Tax (Pillar Two) is effective in many jurisdictions where Walmart operates.
• VIZIO is subject to a stipulated order with the FTC and New Jersey AG until 2037 regarding collection and use of consumer data from VIZIO internet-connected devices.2037
• We obtained CAC approval in September 2023 and are required to reapply by August 2026 for personal information transfers from China.2023-09
• Involved in multidistrict litigation relating to acetaminophen and baby food.
• Defendant in class, representative or collective actions under federal, state and local wage and hour and employment laws.
• Defendant in class actions under federal and state competition and consumer protection laws.
• Purported class actions under federal and state antitrust and competition, consumer protection and related laws related to wholesale purchase and retail sale of batteries and soft drinks.