# Walmart (WMT.US)

Canonical: https://gigainvestors.com/s/WMT

Analysis as of: 2026-10-16T07:33:09.998Z. Financial observations: FY1997–FY2027.

Listing currency: USD. Reporting currency: USD.

## Verdict

A wonderful business at too high a price

Quality tests for Buy: pass (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $117.87 per share; close as of 2026-10-15.

Estimated value: low $26.42 per share, central $33.06 per share, high $38.59 per share. Buy at or below the central value $33.06 per share. Valuation as of 2026-10-16T07:33:09.998Z; scenarios are not confidence intervals.

Expected annual return: 5.0% at the stated quote. About 5.0% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- 0 revenue declines in the last 10 years (informational)

- Financial history: 10 years

- Years with declining revenue: 0

- Years with a net loss: 0

- Operating margin variation: 0.07×

Chart: Operating margin; fiscal year observations.

- FY2018: 0.04×

- FY2019: 0.04×

- FY2020: 0.04×

- FY2021: 0.04×

- FY2022: 0.05×

- FY2023: 0.03×

- FY2024: 0.04×

- FY2025: 0.04×

- FY2026: 0.04×

- LTM to Jul 2026: 0.04×

### moat: pass

- ROIC, median of available years: 16.6%

- ROIC, second-lowest year: 14.3%

- Typical minus recent gross margin: -0.0 pp

- Typical gross margin (annual median): 24.9%

- Recent gross margin (lower of latest and 3-year median): 24.9%

- Years with nonpositive capital: 0

- Capital spending / revenue: 2.5%

- ROIC including acquisitions, ten-year median: 10.4%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2018: 14.3%

- FY2019: 15.6%

- FY2020: 14.6%

- FY2021: 15.4%

- FY2022: 20.0%

- FY2023: 13.8%

- FY2024: 18.9%

- FY2025: 19.8%

- FY2026: 17.7%

- LTM to Jul 2026: 18.7%

### economics: pass

- Owner earnings / net income, 5-yr: 1.00×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $82B

- Net income, five-year total: $82B

- Return on incremental invested capital: 16.7%

- Working capital / revenue, annual change: 0.0 pp

- Working capital / revenue, change between three-year averages: 0.1 pp

- Working capital / revenue, final three-year average: 1.1%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2022: 1.00×

- FY2023: 1.00×

- FY2024: 1.00×

- FY2025: 1.00×

- FY2026: 1.00×

### management: pass

- Historical market-dollar context (not the management verdict): 2017 to 2026 (9 years)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 15.6% vs 18.9%

- Per-share earnings: 1.46 to 2.41 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -1.8%

- Ordinary dilution, 5-year annual growth: -1.2%

- Market cap gain: $748B

- Cumulative retained earnings: $15B

- Diluted shares, 10-year annual growth: -1.8%

- Diluted shares, 5-year annual growth: -1.2%

- $1 test, starting fiscal year: FY2017

- $1 test, ending fiscal year: FY2026

- Per-share value growth: 6.4%

- Per-share value change: $0.94

- Per-share value, starting three-year median: $1.46

- Per-share value, ending three-year median: $2.41

- Buybacks concentrated in cheaper years (correlation): 0.19

- Average buyback yield: 1.9%

- Buyback history: 10 years

- Debt-funded buybacks: No

- Acquisition spending: $4.7B

- Cumulative net income, 10 years: $141B

- ROIC, first three-year median: 15.6%

- ROIC, last three-year median: 18.9%

Chart: Earnings per share; fiscal year observations.

- FY2017: $1.46

- FY2018: $1.09

- FY2019: $0.75

- FY2020: $1.73

- FY2021: $1.58

- FY2022: $1.62

- FY2023: $1.42

- FY2024: $1.91

- FY2025: $2.41

- FY2026: $2.73

### accounting: pass

- Sloan accruals: -6.9%

- Receivables to sales index (DSRI): 1.07×

- Restructuring years, last five: 0

- Stock compensation / operating cash flow: 0.0%

- Earnings backed by cash: Yes

- Operating cash / earnings: 1.90×

- Accounting red flags: 0

- Goodwill and intangibles / equity: 0.29×

Chart: Sloan accruals; fiscal year observations.

- FY2017: -9.1%

- FY2018: -9.0%

- FY2019: -9.6%

- FY2020: -4.4%

- FY2021: -8.9%

- FY2022: -4.3%

- FY2023: -7.2%

- FY2024: -8.0%

- FY2025: -6.5%

- FY2026: -6.9%

## Holders

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Gates](https://gigainvestors.com/GFT): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Katz](https://gigainvestors.com/MAVFX): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Andrew Adams](https://gigainvestors.com/MPF): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Price needs cash profits to grow 19.5% a year for ten years · "Walmart sharpening focus on ecommerce and growing profits faster than sales" (seekingalpha.com, Nov 2025) · sales +3.2%

Story as of 2026-10-16T09:59:52.512Z; price observation 2026-10-15.

Price needs cash profits to grow 19.5% a year for ten years

- 2025-04-10: Walmart Reaffirms Q1 Outlook Amid Tariffs and Market Volatility ([finance.yahoo.com](https://finance.yahoo.com/news/walmart-reaffirms-q1-outlook-amid-152000764.html))

- 2025-09-01: Walmart Raises Sales Guidance: Will Margins Catch Up Next? ([finance.yahoo.com](https://finance.yahoo.com/news/walmart-raises-sales-guidance-margins-142800713.html))

- 2025-11-20: Walmart beats top-line and bottom-line estimates; raises FY26 outlook ([seekingalpha.com](https://seekingalpha.com/news/4524410-walmart-beats-top-line-and-bottom-line-estimates-raises-fy26-outlook?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2026-01-12: Walmart Stock Jumps on Google AI Partnership ([finance.yahoo.com](https://finance.yahoo.com/news/walmart-stock-jumps-google-ai-182828254.html))

- 2026-02-20: Walmart says automation of supply chain on track, gaining market share ([finance.yahoo.com](https://finance.yahoo.com/news/walmart-says-automation-supply-chain-132314263.html))

- 2026-05-23: WMT Q1 Deep Dive: Strong Sales Growth Overshadowed by Cautious Guidance and Margin Pressures ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/wmt-q1-deep-dive-strong-071655321.html))

### Sales · FY2026–2027

sales +3.2%; source https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm; observed 2026-03-13.

- FY2018: $500B 

- FY2019: $514B 

- FY2020: $524B 

- FY2021: $559B 

- FY2022: $573B 

- FY2023: $611B 

- FY2024: $648B 

- FY2025: $681B 

- FY2026: $713B 

- FY2027: $736B 

### Gross margin · FY2027

gross margin 25.2%; source https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm; observed 2026-03-13.

- FY2018: 25.4% 

- FY2019: 25.1% 

- FY2020: 24.7% 

- FY2021: 24.8% 

- FY2022: 25.1% 

- FY2023: 24.1% 

- FY2024: 24.4% 

- FY2025: 24.9% 

- FY2026: 24.9% 

- FY2027: 25.2% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in discount stores; annual sales are USD 713.2 billion.

- Source: https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm (filed 2026-03-13); FY2026: revenue 713163000000; grossProfit 177768000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); WMT.US: Walmart Inc. engages in the operation of retail and wholesale stores and clubs, ecommerce websites, and mobile applications worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club U.S. It operates supercenters, supermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; and ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites. It offers grocery items, including dry grocery, snacks, dairy, meat, produce, deli and bakery, frozen foods, alcoholic and nonalcoholic beverages, as well as consumables, such as health and beauty aids, pet supplies, household chemicals, paper goods, and baby products; and fuel and other categories. In addition, it is involved in the provision of health and wellness products covering pharmacy, optical and hearing services, over-the-counter drugs, and protein and nutrition products; and home, hardlines, and seasonal items, including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, and mattresses. Further, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Additionally, it operates digital payment platforms; offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access; and markets lines of merchandise under private and licensed brands. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.

### Why customers stay

Margins ranged from 24.4% to 24.9% during 2024–26; it earns 16.6% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2024: grossProfit / revenue = 24.4%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2025: grossProfit / revenue = 24.9%.

- Source: https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm (filed 2026-03-13); FY2026: grossProfit / revenue = 24.9%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); 10-year return on capital observations [[2018,0.14312513926527262],[2019,0.15576419356951085],[2020,0.14585189691687916],[2021,0.15422070529675322],[2022,0.1998173518960932],[2023,0.13754720389551267],[2024,0.18919136041082693],[2025,0.19846220934014375],[2026,0.17712402784025116],[2027,0.187390440997591]]; median 0.16644411070488102. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Can it raise prices

Kept about a 25% gross margin through 2022 cost inflation.

- Source: https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm (filed 2026-03-13); Gross margin observations: [[2021,0.24829786587165184],[2022,0.25098733487675334],[2023,0.24140463839525986]]; range within 2 percentage points.

### Where the cash goes

Spends 56.8% of cash earnings on expansion; earns 16.7% on new investment.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2017: growth capex 539000000; upkeep 10080000000; owner earnings 13643000000. Growth capex / owner earnings = 0.03950743971267317.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2018: growth capex 0; upkeep 10051000000; owner earnings 10340000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2019: growth capex 0; upkeep 10344000000; owner earnings 7004000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2020: growth capex 0; upkeep 10705000000; owner earnings 15163000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2021: growth capex 0; upkeep 10264000000; owner earnings 14398000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2022: growth capex 2448000000; upkeep 10658000000; owner earnings 13673000000. Growth capex / owner earnings = 0.17903898193520076.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2023: growth capex 5912000000; upkeep 10945000000; owner earnings 11680000000. Growth capex / owner earnings = 0.5061643835616438.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2024: growth capex 8753000000; upkeep 11853000000; owner earnings 15511000000. Growth capex / owner earnings = 0.5643091999226355.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); FY2025: growth capex 10810000000; upkeep 12973000000; owner earnings 19436000000. Growth capex / owner earnings = 0.5561844000823215.

- Source: https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm (filed 2026-03-13); FY2026: growth capex 12439000000; upkeep 14203000000; owner earnings 21893000000. Growth capex / owner earnings = 0.56817247522039.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); Incremental return on capital 0.1674609997827603, from the economics test's unchanged annual inputs.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); Dividend observations: [[2017,6216000000],[2018,6124000000],[2019,6102000000],[2020,6048000000],[2021,6116000000],[2022,6152000000],[2023,6114000000],[2024,6140000000],[2025,6688000000],[2026,7507000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm (filed 2026-03-13); FY2026: cash repurchases 8088000000 USD.

### Are managers owners

Insiders own 44.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); WMT.US SharesStats.PercentInsiders = 44.247 percentage points; cache date 2026-10-16.

### What could break it

"Risks associated with our suppliers could materially adversely affect our financial performance." (SEC filing, Mar 2026)

- Source: https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm (filed 2026-03-13); Risks associated with our suppliers could materially adversely affect our financial performance.

### What the price says

The price assumes cash profits grow 19.5% yearly over ten years; actual growth was 7.6%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-13); Ten-year compound average after fade. Initial solved rate 0.2700044409451846. Price 117.87; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2016 owner earnings/share 1.3129209408351465 → FY2026 2.7291199202193965. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $23.34 per share

- 2016-11: $23.48 per share

- 2016-12: $23.04 per share

- 2017-01: $22.25 per share

- 2017-02: $23.64 per share

- 2017-03: $24.03 per share

- 2017-04: $25.06 per share

- 2017-05: $26.20 per share

- 2017-06: $25.23 per share

- 2017-07: $26.66 per share

- 2017-08: $26.02 per share

- 2017-09: $26.05 per share

- 2017-10: $29.10 per share

- 2017-11: $32.41 per share

- 2017-12: $32.92 per share

- 2018-01: $35.53 per share

- 2018-02: $30.00 per share

- 2018-03: $29.66 per share

- 2018-04: $29.49 per share

- 2018-05: $27.51 per share

- 2018-06: $28.55 per share

- 2018-07: $29.74 per share

- 2018-08: $31.95 per share

- 2018-09: $31.30 per share

- 2018-10: $33.43 per share

- 2018-11: $32.55 per share

- 2018-12: $31.05 per share

- 2019-01: $31.94 per share

- 2019-02: $33.00 per share

- 2019-03: $32.51 per share

- 2019-04: $34.28 per share

- 2019-05: $33.81 per share

- 2019-06: $36.83 per share

- 2019-07: $36.79 per share

- 2019-08: $38.09 per share

- 2019-09: $39.56 per share

- 2019-10: $39.09 per share

- 2019-11: $39.70 per share

- 2019-12: $39.61 per share

- 2020-01: $38.16 per share

- 2020-02: $35.89 per share

- 2020-03: $37.87 per share

- 2020-04: $40.52 per share

- 2020-05: $41.35 per share

- 2020-06: $39.93 per share

- 2020-07: $43.13 per share

- 2020-08: $46.28 per share

- 2020-09: $46.64 per share

- 2020-10: $46.25 per share

- 2020-11: $50.93 per share

- 2020-12: $48.05 per share

- 2021-01: $46.83 per share

- 2021-02: $43.31 per share

- 2021-03: $45.28 per share

- 2021-04: $46.64 per share

- 2021-05: $47.34 per share

- 2021-06: $47.01 per share

- 2021-07: $47.52 per share

- 2021-08: $49.37 per share

- 2021-09: $46.46 per share

- 2021-10: $49.81 per share

- 2021-11: $46.88 per share

- 2021-12: $48.23 per share

- 2022-01: $46.60 per share

- 2022-02: $45.05 per share

- 2022-03: $49.64 per share

- 2022-04: $51.00 per share

- 2022-05: $42.88 per share

- 2022-06: $40.53 per share

- 2022-07: $44.02 per share

- 2022-08: $44.18 per share

- 2022-09: $43.23 per share

- 2022-10: $47.44 per share

- 2022-11: $50.81 per share

- 2022-12: $47.26 per share

- 2023-01: $47.96 per share

- 2023-02: $47.38 per share

- 2023-03: $49.15 per share

- 2023-04: $50.32 per share

- 2023-05: $48.96 per share

- 2023-06: $52.39 per share

- 2023-07: $53.29 per share

- 2023-08: $54.20 per share

- 2023-09: $53.31 per share

- 2023-10: $54.47 per share

- 2023-11: $51.90 per share

- 2023-12: $52.55 per share

- 2024-01: $55.08 per share

- 2024-02: $58.61 per share

- 2024-03: $60.17 per share

- 2024-04: $59.35 per share

- 2024-05: $65.76 per share

- 2024-06: $67.71 per share

- 2024-07: $68.64 per share

- 2024-08: $77.23 per share

- 2024-09: $80.75 per share

- 2024-10: $81.95 per share

- 2024-11: $92.50 per share

- 2024-12: $90.35 per share

- 2025-01: $98.16 per share

- 2025-02: $98.61 per share

- 2025-03: $87.79 per share

- 2025-04: $97.25 per share

- 2025-05: $98.72 per share

- 2025-06: $97.78 per share

- 2025-07: $97.98 per share

- 2025-08: $96.98 per share

- 2025-09: $103.06 per share

- 2025-10: $101.18 per share

- 2025-11: $110.51 per share

- 2025-12: $111.41 per share

- 2026-01: $119.14 per share

- 2026-02: $127.95 per share

- 2026-03: $124.28 per share

- 2026-04: $131.93 per share

- 2026-05: $115.75 per share

- 2026-06: $113.26 per share

- 2026-07: $111.20 per share

- 2026-08: $104.87 per share

- 2026-09: $103.92 per share

- 2026-10: $112.28 per share

## Annual estimated value (USD per share)

- FY2017: low $16.96 per share, central $20.06 per share, high $23.34 per share

- FY2018: low $17.01 per share, central $19.35 per share, high $22.47 per share

- FY2019: low $16.73 per share, central $19.03 per share, high $22.10 per share

- FY2020: low $17.49 per share, central $19.91 per share, high $23.12 per share

- FY2021: low $19.19 per share, central $21.73 per share, high $25.12 per share

- FY2022: low $18.53 per share, central $21.48 per share, high $24.91 per share

- FY2023: low $19.45 per share, central $22.13 per share, high $25.70 per share

- FY2024: low $21.60 per share, central $25.49 per share, high $29.66 per share

- FY2025: low $21.38 per share, central $25.42 per share, high $29.59 per share

- FY2026: low $23.69 per share, central $29.65 per share, high $34.60 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Historical value ranges retain the original capex calculation; the current filing judgement is not backfilled into historical valuations

Prior published observations retained from 2026-10-15T06:38:55.550Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/104169/000010416926000055/wmt-20260131.htm); period 2026-01-31, filed 2026-03-13.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [David Hoeft](https://gigainvestors.com/DAC): 172,435 WMT shares; USD 19,530,000 reported position value; 0.01% of portfolio; reduce; quarter 2026 Q2.
- [Bill Gates](https://gigainvestors.com/GFT): 8,390,477 WMT shares; USD 950,305,000 reported position value; 2.76% of portfolio; hold; quarter 2026 Q2.
- [Thomas Russo](https://gigainvestors.com/GR): 8,465 WMT shares; USD 959,000 reported position value; 0.01% of portfolio; reduce; quarter 2026 Q2.
- [Bill Nygren](https://gigainvestors.com/HA): 2,962 WMT shares; USD 335,000 reported position value; 0% of portfolio; add; quarter 2026 Q2.
- [David Katz](https://gigainvestors.com/MAVFX): 3,191 WMT shares; USD 332,000 reported position value; 0.03% of portfolio; hold; quarter 2026 Q3.
- [Andrew Adams](https://gigainvestors.com/MPF): 15,800 WMT shares; USD 1,790,000 reported position value; 0.02% of portfolio; add; quarter 2026 Q2.

# WMT — Walmart Inc.

Held by 1 investor · USD 332,000 total · 2026 Q3 · reported price USD 104.04 (split-adjusted).
Page: https://gigainvestors.com/s/WMT

## Holders (2026 Q3)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| David Katz (https://gigainvestors.com/MAVFX) | USD 332,000 | <0.1% | hold |

## Total held by quarter

- 2006 Q4: USD 971,195,184 · 3 holders · USD 15.39
- 2007 Q1: USD 943,427,385 · 2 holders · USD 15.65
- 2007 Q2: USD 1,016,212,596 · 3 holders · USD 16.04
- 2007 Q3: USD 921,988,395 · 3 holders · USD 14.55
- 2007 Q4: USD 1,168,198,416 · 3 holders · USD 15.84
- 2008 Q1: USD 1,306,137,384 · 3 holders · USD 17.56
- 2008 Q2: USD 1,405,499,400 · 4 holders · USD 18.73
- 2008 Q3: USD 1,496,019,891 · 4 holders · USD 19.96
- 2008 Q4: USD 1,401,918,813 · 5 holders · USD 18.69
- 2009 Q1: USD 1,341,499,872 · 6 holders · USD 17.37
- 2009 Q2: USD 1,259,020,941 · 6 holders · USD 16.15
- 2009 Q3: USD 2,159,816,040 · 6 holders · USD 16.36
- 2009 Q4: USD 2,406,792,036 · 6 holders · USD 17.82
- 2010 Q1: USD 2,765,919,609 · 6 holders · USD 18.53
- 2010 Q2: USD 2,382,668,890 · 5 holders · USD 16.02
- 2010 Q3: USD 2,653,312,890 · 5 holders · USD 17.84
- 2010 Q4: USD 2,707,098,323 · 5 holders · USD 17.98
- 2011 Q1: USD 2,599,868,706 · 5 holders · USD 17.35
- 2011 Q2: USD 2,661,414,300 · 5 holders · USD 17.71
- 2011 Q3: USD 2,585,055,588 · 5 holders · USD 17.30
- 2011 Q4: USD 2,976,553,543 · 5 holders · USD 19.92
- 2012 Q1: USD 3,515,100,906 · 5 holders · USD 20.40
- 2012 Q2: USD 4,012,763,882 · 4 holders · USD 23.24
- 2012 Q3: USD 4,247,578,926 · 4 holders · USD 24.60
- 2012 Q4: USD 4,014,557,542 · 4 holders · USD 22.75
- 2013 Q1: USD 4,533,568,767 · 4 holders · USD 24.94
- 2013 Q2: USD 4,513,566,536 · 4 holders · USD 24.83
- 2013 Q3: USD 4,464,568,116 · 3 holders · USD 24.65
- 2013 Q4: USD 4,808,686,253 · 3 holders · USD 26.23
- 2014 Q1: USD 5,326,065,621 · 3 holders · USD 25.48
- 2014 Q2: USD 5,285,820,377 · 3 holders · USD 25.02
- 2014 Q3: USD 5,506,531,584 · 3 holders · USD 25.49
- 2014 Q4: USD 6,184,844,593 · 3 holders · USD 28.63
- 2015 Q1: USD 5,923,404,156 · 3 holders · USD 27.42
- 2015 Q2: USD 5,106,790,836 · 3 holders · USD 23.64
- 2015 Q3: USD 4,395,978,119 · 3 holders · USD 21.61
- 2015 Q4: USD 4,155,895,700 · 3 holders · USD 20.43
- 2016 Q1: USD 4,579,072,709 · 3 holders · USD 22.83
- 2016 Q2: USD 3,786,530,743 · 3 holders · USD 24.34
- 2016 Q3: USD 1,773,961,493 · 3 holders · USD 24.04
- 2016 Q4: USD 946,131,011 · 4 holders · USD 23.04
- 2017 Q1: USD 989,833,751 · 4 holders · USD 24.03
- 2017 Q2: USD 1,039,263,667 · 4 holders · USD 25.23
- 2017 Q3: USD 1,072,806,055 · 4 holders · USD 26.05
- 2017 Q4: USD 1,343,726,782 · 4 holders · USD 32.92
- 2018 Q1: USD 1,201,778,384 · 4 holders · USD 29.66
- 2018 Q2: USD 1,166,232,974 · 4 holders · USD 28.55
- 2018 Q3: USD 1,152,153,773 · 3 holders · USD 31.30
- 2018 Q4: USD 1,133,976,115 · 3 holders · USD 31.05
- 2019 Q1: USD 1,168,515,856 · 3 holders · USD 32.51
- 2019 Q2: USD 1,320,333,518 · 3 holders · USD 36.83
- 2019 Q3: USD 1,410,981,034 · 3 holders · USD 39.56
- 2019 Q4: USD 1,408,777,922 · 3 holders · USD 39.61
- 2020 Q1: USD 1,348,417,351 · 3 holders · USD 37.87
- 2020 Q2: USD 1,411,579,786 · 4 holders · USD 39.96
- 2020 Q3: USD 1,645,880,435 · 4 holders · USD 46.64
- 2020 Q4: USD 1,691,977,183 · 4 holders · USD 48.05
- 2021 Q1: USD 1,033,330,858 · 3 holders · USD 45.28
- 2021 Q2: USD 1,072,810,491 · 3 holders · USD 47.01
- 2021 Q3: USD 979,562,976 · 4 holders · USD 46.46
- 2021 Q4: USD 1,002,268,479 · 3 holders · USD 48.23
- 2022 Q1: USD 450,650,349 · 3 holders · USD 49.64
- 2022 Q2: USD 367,946,299 · 3 holders · USD 40.53
- 2022 Q3: USD 392,457,204 · 3 holders · USD 43.20
- 2022 Q4: USD 429,058,358 · 3 holders · USD 47.26
- 2023 Q1: USD 446,202,688 · 3 holders · USD 49.15
- 2023 Q2: USD 475,601,441 · 3 holders · USD 52.39
- 2023 Q3: USD 485,440,325 · 3 holders · USD 53.31
- 2023 Q4: USD 478,519,568 · 3 holders · USD 52.55
- 2024 Q1: USD 561,418,733 · 5 holders · USD 60.17
- 2024 Q2: USD 631,132,691 · 5 holders · USD 67.71
- 2024 Q3: USD 752,246,572 · 5 holders · USD 80.75
- 2024 Q4: USD 840,451,617 · 5 holders · USD 90.34
- 2025 Q1: USD 818,176,292 · 6 holders · USD 87.79
- 2025 Q2: USD 909,633,781 · 6 holders · USD 97.78
- 2025 Q3: USD 886,792,443 · 6 holders · USD 103.10
- 2025 Q4: USD 958,505,042 · 6 holders · USD 111.41
- 2026 Q1: USD 1,068,248,762 · 6 holders · USD 124.28
- 2026 Q2: USD 973,280,000 · 6 holders · USD 113.26
- 2026 Q3: USD 332,000 · 1 holder · USD 104.04