Walmart has posted a 4.8% increase in revenue to $177.4bn in the second quarter of fiscal year 2026 (FY26) as its global e-commerce sales grew 25%, driven by store-fulfilled pickup and delivery, and marketplace.

US comparable sales rose 4.6%, led by robust growth in the grocery and health and wellness sectors.

Operating income stood at $7.3bn, down 8.2% year-on-year (YoY), due to discrete legal and restructuring costs. However, the adjusted figure was up 0.4% due to strong sales and financial framework execution.

Gross profit was $42.9bn, with a gross profit margin of 24.5%, showing a modest increase from 24.4% in the previous year.

Walmart president and CEO Doug McMillon stated: “The top-line momentum we have in our business comes from how we’re innovating and executing.

“Connecting with our customers and members through digital experiences is helping to drive our business, and the way we’re deploying AI will make these experiences even better. We’re people-led and tech-powered, and I love how our associates continue to drive change and results for our company.”

Walmart has provided guidance for the third quarter (Q3), expecting net sales to grow by 3.75% to 4.75% and operating income to increase by 3% to 6%, both in constant currency.

The guidance is based on net sales of $168bn, operating income of $6.7bn and adjusted earnings per share (EPS) of $0.58 from Q3 FY25.

For FY26, the company has raised its outlook for net sales growth to the same range as Q3 and adjusted EPS to $2.52 to $2.62, while maintaining its adjusted operating income guidance between 3.5% and 5.5%.

The guidance is based on net sales of $674.5bn, adjusted operating income of $29.5bn, and adjusted EPS of $2.51 from FY25.