Walmart posted total revenue of $713.16bn for the financial year ended 31 January 2026, an increase of 4.7% on the previous year.
Net sales rose to $706.41bn from $674.53bn a year earlier while consolidated net income increased to $22.27bn, compared with $20.15bn in FY25.
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Operating income edged up to $29.82bn from $29.34bn.
However, operating income as a share of net sales fell by 13 basis points to 4.2%.
The company said performance over the year was partly supported by digital sales and membership income.
Global e-commerce sales totalled $150.4bn. Of that, Walmart US generated $99.6bn, up from $79.3bn in the previous year.
Comparable sales at Walmart US increased by 4.3% in FY26, with growth driven by a higher average ticket, more transactions and stronger unit volumes across all merchandise categories.
At Sam’s Club US, comparable sales were up 2.9%, though reduced fuel prices had a partial impact on the result.
Worldwide membership fee income climbed 15.5% to $4.4bn, reflecting growth in Walmart+ and Sam’s Club memberships.
Global advertising revenue increased 46% year on year.
Across its business units, Walmart US reported a 4.4% rise in net sales to $482.97bn.
Walmart International recorded growth of 7% to $130.42bn while Sam’s Club US posted a 3.1% increase to $93.01bn.
Operating income in the international business declined to $5.10bn from $5.50bn.
Walmart said this was partly due to a $0.7bn non-cash charge tied to changes in share-based payment arrangements at its PhonePe subsidiary in India ahead of a possible initial public offering.
Capital expenditure rose to $26.64bn in FY26 from $23.78bn the year before, with the bulk of spending directed towards supply chain automation, technology and customer-facing initiatives.
For FY27, Walmart expects capital expenditure to be between $25bn and $27bn.
In February 2026, the board approved a new $30bn share repurchase programme with no expiry date.
According to the statement, Walmart operates 10,955 stores and other retail units in 19 countries and serves 280 million customers each week.
Walmart CEO John Furner said: “Walmart is leading the next chapter of retail. We are at a pivotal moment, not just for our company, but for the industry, as artificial intelligence fundamentally reshapes how customers shop and how associates work.
“We are harnessing its power to enhance our business, guided by our foundational values of service, excellence, respect, and integrity. In this new era, our purpose positions us to set the standard – making it a perfect time to be an omnichannel retailer dedicated to helping people save money and live better.”
