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.

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.

Global 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.