On this page of Benford's Law Stocks.com we present our study of Walmart Inc. — ticker symbol WMT. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 9/6/2019 to 6/7/2024 for Walmart Inc. under CIK number 0000104169. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for WMT, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Walmart Inc. based on the past WMT filings our system processed in the past.
28.0
13.7
8.2
6.7
11.9
10.0
8.0
9.8
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, WMT stockholder letter ]
Total numbers found: 461
Recent share count: 8,058,048,674 (8's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
461
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 5 numbers to move any given column by a full percentage point.
43

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 2's percentage was below the company's typical historical range.
 • We deducted point upon observing the 3's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 3's percentage was below the company's typical historical range.
 • We deducted point upon observing the 4's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 4's percentage was below the company's typical historical range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the company's typical historical range.
 • We deducted points upon observing the 6's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 6's percentage was above the company's typical historical range.
 • We deducted points upon observing the 7's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 7's percentage was above the company's typical historical range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 8, we canceled the penalty multiplier.
 • We deducted points upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 8's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
WMT
Low score compared to other filers, falling in the bottom quartile.
BKKT
DRH
COCO
DIOD
BSM
PLD
ALLK
CSPI
Check our work! We provide our Walmart Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the WMT filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 129 numbers that start with the digit 1. Here they are:
159,938
151,004
1,570
1,297
161,508
152,301
121,431
115,284
117
114
107
1,728
1,896
1,673
1,896
1,673
10,575
111,498
110,810
102,335
13,562
13,673
13,679
17,558
17,071
17,098
1,711
1,276
1,325
1,865
1,482
1,487
1,490
12,840
12,943
12,925
14,849
14,629
13,999
11,367
11,302
11,147
11,302
18
1,051
1,051
10
10
15
13
121
117
11
128
11,367
11,680
1,673
1,673
1,896
14
1
15
1
11,147
1,896
102
154
154
195
1,343
1,574
1,784
1,671
1,538
1,059
15
1,940
154
1,867
10,708
10
1,896
1,673
10,407
11,302
10
18
18
10,500
11,367
10,729
11,680
13
13
10,127
1,020
11,147
10.0
15.0
1,574
1,574
1,865
1,500
1,500
1,298
1,302
10,555
12,150
1,956
108,670
103,901
159,938
151,004
1,533
1,164
14,249
12,848
1,881
108,670
103,901
17.6
14.5
13,232
10,958
14,296
13,498
1,328
1,156
131,250
We found 63 numbers that start with the digit 2. Here they are:
2,995
2,688
203
223
21
21
203
223
21
28
209
2,638
275
2,206
27,999
28,113
28,306
254,054
252,399
245,053
24,092
28,759
27,527
217
222
234
254,054
252,399
245,053
209
2
2
223
209
2
2,845
249
213
203
223
21
21
204
212
2,835
2,075
29,833
26,604
21,435
20,499
2,995
2,688
25,711
25,765
2,279
29,833
26,604
2,084
2,079
21,435
20,499
2.6
2.2
We found 38 numbers that start with the digit 3. Here they are:
33,236
30,777
3,290
3,322
3,357
307
3,447
3,975
35,928
36,132
38,120
38
389
389
3,128
3,062
376
321
3
31
30
3,447
36,132
39,579
35,928
37,793
3.30
3,072
3.2
37,793
34,974
39,579
38,431
3.3
3.3
366
3,151
3,188
4's 5's 6's
We found 31 numbers that start with the digit 4. Here they are:
432
4,602
4,625
4,544
4,709
4,544
4,625
4,430
483
4,709
4,649
4,447
4,249
4,633
4,676
4,429
47
48
4,409
4,860
4,585
4,967
483
475
4.7
4,748
4,414
4,771
4,984
458
4,924
We found 55 numbers that start with the digit 5. Here they are:
597
568
557
5,307
5,104
5,307
5,104
533
5,314
5,039
55,382
54,892
56,932
5,855
5,124
5,457
56,071
56,812
54,268
5,013
5,709
5,039
5,104
5,104
5,313
50
5
5
5
533
533
5,307
507
529
560
526
5.2
5.3
5,307
5,104
520
5.0
5,784
5,879
50
5,332
557
5,328
5,140
5,443
5,830
5,582
5.4
576
578
We found 46 numbers that start with the digit 6. Here they are:
6,841
6,240
600
63
63
69
65
6,285
607
6,047
6,780
6,488
6,826
6,488
65
65
6,683
6,683
6,683
6
6,780
6,139
6,139
6,139
632
671
671
6,826
639
686
617
6
63
63
602
6
6,271
654
615
639
6,841
6,240
600
66,431
63,407
6.4
7's 8's 9's
We found 37 numbers that start with the digit 7. Here they are:
794
7,035
792
76
7
742
72
7,647
77,152
76,877
78,511
725
78,035
72,405
79,231
72
7
76,693
7,061
742
76
761
761
72
73
73
78,035
72,405
79,231
725
72
7,820
7,249
777
7
794
7,035
We found 45 numbers that start with the digit 8. Here they are:
8,043,543,330
8,053
8,082
8,084
8,112
83
811
8,796
878
844
805
805
808
87,230
89,814
81,293
83,861
88,073
8,054
805
89,814
83,861
83
8,049
805
87,230
81,293
88,073
8,080
808
83,135
83,754
8,081
808
845
8,841
8,053
8,082
8,084
8,112
895
83
867
82
8
We found 17 numbers that start with the digit 9. Here they are:
96
9,405
9,867
9,075
96,100
92,415
95,505
90,349
90,349
999
94
971
963
9,935
9,460
93
951
While the above WMT 10Q Filed 6/7/2024 is interesting in isolation, we have found that it is also useful to take a look at older Walmart Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 6/7/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical WMT 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

28.0
13.7
8.2
6.7
11.9
10.0
8.0
9.8
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 43
XBRL?   [ original filing ]
Total numbers found: 461

= Typical WMT range from 9/6/2019 to 6/7/2024
24.5
22.4
10.3
9.1
7.9
5.3
7.7
7.5
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL?   [ original filing ]
Total numbers found: 736

= Typical WMT range from 9/6/2019 to 6/7/2024
27.4
20.9
12.3
9.4
6.4
4.3
6.0
8.9
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL?   [ original filing ]
Total numbers found: 822

= Typical WMT range from 9/6/2019 to 6/7/2024
31.9
19.9
12.8
9.2
8.1
5.9
3.8
5.0
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,239

= Typical WMT range from 9/6/2019 to 6/7/2024
23.2
21.5
10.7
10.1
8.0
7.6
5.9
8.6
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL?   [ original filing ]
Total numbers found: 475

= Typical WMT range from 9/6/2019 to 6/7/2024
27.7
18.8
13.0
8.7
7.9
7.7
7.2
5.7
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 698

= Typical WMT range from 9/6/2019 to 6/7/2024
32.2
20.7
10.3
9.5
5.2
4.6
8.3
6.1
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL?   [ original filing ]
Total numbers found: 951

= Typical WMT range from 9/6/2019 to 6/7/2024
29.3
16.0
12.4
9.6
7.7
6.3
7.0
7.5
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 1,153

= Typical WMT range from 9/6/2019 to 6/7/2024
24.4
22.0
7.5
12.0
8.7
6.3
9.6
5.9
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 56
XBRL?   [ original filing ]
Total numbers found: 492

= Typical WMT range from 9/6/2019 to 6/7/2024
25.0
23.8
9.5
9.8
6.8
4.8
6.8
9.0
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 57
XBRL?   [ original filing ]
Total numbers found: 703

= Typical WMT range from 9/6/2019 to 6/7/2024
30.7
18.9
12.0
9.2
7.8
5.9
4.7
7.0
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 928

= Typical WMT range from 9/6/2019 to 6/7/2024
30.6
19.6
12.2
10.4
7.8
6.0
4.8
5.4
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 1,159

= Typical WMT range from 9/6/2019 to 6/7/2024
24.0
17.1
11.2
13.6
7.1
8.9
7.6
7.3
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 60
XBRL?   [ original filing ]
Total numbers found: 463

= Typical WMT range from 9/6/2019 to 6/7/2024
30.5
20.7
8.3
11.5
5.7
4.6
9.0
6.0
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 64
XBRL?   [ original filing ]
Total numbers found: 845

= Typical WMT range from 9/6/2019 to 6/7/2024
28.0
17.8
10.8
10.0
8.3
6.6
7.4
6.8
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 822

= Typical WMT range from 9/6/2019 to 6/7/2024
31.1
19.3
11.3
9.7
7.8
6.1
5.3
5.3
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,217

= Typical WMT range from 9/6/2019 to 6/7/2024
22.1
25.3
9.2
9.9
7.1
4.1
6.9
9.7
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 39
XBRL?   [ original filing ]
Total numbers found: 466

= Typical WMT range from 9/6/2019 to 6/7/2024
26.5
19.5
14.7
8.6
6.8
8.1
5.5
6.4
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 706

= Typical WMT range from 9/6/2019 to 6/7/2024
31.5
19.1
10.0
10.5
7.0
6.5
5.3
6.7
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 817

= Typical WMT range from 9/6/2019 to 6/7/2024
31.1
17.8
12.7
9.9
8.0
6.6
6.3
4.3
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,258

= Typical WMT range from 9/6/2019 to 6/7/2024
 

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