Walmart reported FY26 revenue growth and a $30bn share repurchase plan while quarterly profit fell due to higher losses, and FY27 outlook indicated moderate gains.
For the quarter ended 31 January 2026, total revenue reached $190.65bn, up 5.6% from $180.55bn.
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Net sales rose at the same rate to $188.91bn while membership and other income edged up 1.1% to $1.74bn.
Cost of sales increased 5.5% to $143.61bn, and operating, selling, general and administrative expenses climbed 5% to $38.33bn, resulting in operating income rising 10.8% to $8.70bn.
Consolidated net income attributable to Walmart declined 19.4% to $4.23bn.
Earnings per share (EPS) were $0.53 basic and diluted, down from $0.65 while adjusted EPS was $0.74.
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By GlobalDataGlobal e-commerce sales increased 24%, and advertising revenue rose 37%, including VIZIO, with Walmart Connect in the US up 41%.
Membership fee revenue grew 15.1%, and the gross margin rate improved by 13 basis points.
In Walmart US, quarterly net sales rose 4.6% to $129.22bn, with comparable sales excluding fuel up 4.6% as transactions increased 2.6% and average ticket by 2%.
E-commerce sales grew 27%, with expedited store-fulfilled delivery channels rising more than 50%.
Operating income increased 6.6% to $6.95bn while inventory rose by 2.9%.
Walmart International posted quarterly net sales of $35.92bn, up 11.5% (7.5% in constant currency), with operating income up 36% to $1.91bn.
Growth was driven by China, Walmex and Flipkart; e-commerce rose 17% and advertising by 10%. The timing of Flipkart’s Big Billion Days reduced Q4 growth compared with Q3.
For FY26, total revenue was $713.16bn, up 4.7%, with net sales of $706.41bn and membership and other income of $6.75bn (both up 4.7%).
Operating income rose 1.6% to $29.82bn.
Income before income taxes increased 12% to $29.46bn, and consolidated net income attributable to Walmart grew 12.6% to $21.89bn.
Diluted EPS was $2.73, up from $2.41. Dividends per share were $0.94 versus $0.83.
Walmart US FY26 net sales rose 4.4% to $482.97bn, with operating income up 5.3% to $25.15bn.
Walmart International FY26 net sales were $130.42bn, up 7% (9.3% constant currency), while operating income fell 7.2% to $5.10bn.
Walmart president and CEO John Furner: “The pace of change in retail is accelerating. It’s exciting. And our financial results show that we’re not only embracing this change; we are leading it. For our customers and members, the future is fast, convenient, and personalised.”
The company authorised a new $30bn share repurchase programme.
For Q1 FY27, it expects constant-currency net sales growth of 3.5-4.5%, operating income growth of 4%-6%, and adjusted EPS of $0.63-$0.65.
For FY27, Walmart forecast net sales growth of 3.5%-4.5% and adjusted operating income growth of 6%-8%, with adjusted EPS of $2.75-$2.85.
Net interest expense is expected to rise by approximately $200m-$300m.
