$WMT · Walmart Inc.

On October 19, 2026, Walmart Inc. filed a prospectus supplement for an offering of C$5 billion aggregate principal amount of senior unsecured notes denominated in Canadian dollars. The offering consists of four series: C$750 million of 4.150% notes due 2030, C$2 billion of 4.450% notes due 2033, C$1.75 billion of 4.950% notes due 2038, and C$500 million of 5.250% notes due 2056. Interest will be paid at the stated annual rates on the dates specified in the supplement. The notes rank equally with Walmart’s other senior unsecured indebtedness and are not convertible or exchangeable.

Each series is redeemable at Walmart’s option, in whole or in part, and may also be redeemed in whole before maturity if certain tax law changes occur. The notes are new issues with no established trading market and will not be listed on any securities exchange. Settlement is expected on October 23, 2026, through CDS Clearing and Depository Services Inc.

The notes are being sold in Canada on a private placement basis to certain accredited investors that are also permitted clients, and elsewhere outside the United States subject to applicable law. The joint book-running managers are BofA Securities, Scotiabank, and TD Securities, with several co-managers. The prospectus supplement notes that investing in the notes involves certain risks.