Item 2. PROPERTIES

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Item 2. PROPERTIES

As of January 31, 2026(1), information on our retail units for Walmart U.S., Sam's Club U.S. and Walmart International is summarized as follows:

Total Retail Unit CountSquare Feet
Total**(2)**MinimumMaximumAverage
Walmart U.S.
Supercenters3,566633,72469,000260,000178,000
Discount Stores35136,60930,000206,000104,000
Neighborhood Markets and other small formats(3)69428,37528,00065,00042,000
Walmart U.S. Total4,611698,708
Sam's Club U.S.60180,50294,000168,000134,000
U.S. Total5,212779,210
Walmart International(4)
Retail5,398236,2141,400186,00029,000
Wholesale34541,40525,000202,00086,000
Walmart International Total5,743277,619
Total Company10,9551,056,829

**(1)**Walmart International unit counts, with the exception of Canada, are as of December 31, 2025, to correspond with the balance sheet date of the related geographic market. Canada unit counts are as of January 31, 2026.

(2)Total square feet reported in thousands.

(3)Square feet for other small formats is excluded from the presentation of the minimum, maximum and average for Walmart U.S.

(4)Total square feet represents gross square feet, while the minimum, maximum and average square feet amounts represent retail unit selling area.

Owned and Leased Properties

The following table provides further details of our retail units and distribution facilities, including eCommerce fulfillment centers and return facilities, as of January 31, 2026(1):

OwnedLeased**(2)**Total
Retail Units
Walmart U.S. retail units3,7288834,611
Sam's Club U.S. retail units464137601
Walmart International retail units1,4864,2575,743
Total retail units5,6785,27710,955
Distribution Facilities
U.S. distribution facilities(3)12567192
International distribution facilities24155179
Total distribution facilities149222371

**(1)**Walmart International properties, with the exception of Canada, are as of December 31, 2025, to correspond with the balance sheet date of the related geographic market. Canada unit counts are as of January 31, 2026.

(2)Includes distribution facilities which are third-party owned and operated.

(3)U.S. distribution facilities are utilized by both the Walmart U.S. and Sam's Club U.S. segments.

We own office facilities in Bentonville, Arkansas, that serve as our principal office and own and lease office facilities throughout the U.S. and internationally for operations as well as for field and market management. The land on which our stores are located is either owned or leased by the Company. Owned retail units on leased land are reflected as leased locations in the table above. We use independent contractors to construct our buildings. All store leases provide for annual rentals, some of which escalate during the original lease or provide for additional rent based on sales volume. Substantially all of the Company's store and club leases have renewal options, some of which include rent escalation clauses. For further information on our distribution network, see the caption "Distribution" under "Item 1. Business."

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