WMT Walmart Inc.

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Walmart Beat Expectations, Raises Guidance to be Closer to Estimates

Thursday, August 20, 2026 · 7:01 AM ET

Walmart (WMT) reported earnings of $0.81 per share on revenue of $187.94 billion for the fiscal second quarter ended July 2026. The consensus earnings estimate was $0.73 per share on revenue of $186.32 billion. The Earnings Whisper number was $0.75 per share. The company beat expectations by 8.00% while revenue grew 5.94% on a year-over-year basis.

The company said it expects third quarter earnings of $0.62 to $0.64 per share on revenue of $183.13 billion to $184.47 billion. The current consensus earnings estimate is $0.68 per share on revenue of $187.59 billion for the quarter ending October 31, 2026. The company also said it now expects fiscal year earnings of $2.80 to $2.87 per share on revenue of $734.66 billion to $741.72 billion. The company's previous guidance was earnings of $2.75 to $2.85 per share on revenue of $731.12 billion to $738.19 billion, and the current consensus earnings estimate is $2.88 per share on revenue of $750.17 billion for the year ending January 31, 2027.

Walmart Inc. is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices.

Earnings Whisper Grade
Power Rating
Reported Earnings
$0.81
Earnings Whisper®
$0.75
Consensus Estimate
$0.73
Earnings Surprise
Earnings Growth19.1 %
Reported Revenue
$187.94B
Revenue Estimate
$186.32B
Revenue Surprise
Revenue Growth5.9 %

Walmart reports revenue growth of 5.9%, up 5.1% in constant currency (cc)

Thursday, August 20, 2026 · 7:01 AM ET Business Wire

Operating income growth of 28.8%, up 17.4% adjusted (cc)

eCommerce sales up 23% globally

GAAP EPS of $0.80; Adjusted EPS of $0.81

Company issues guidance for Q3; reiterates outlook for FY27

BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart Inc. (Nasdaq: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260819458603/en/

Second Quarter Highlights:

  • Revenue of $187.9 billion, up 5.9%, or 5.1% (cc)
  • Global eCommerce sales grew 23%, led by store-fulfilled pickup & delivery and marketplace
  • Global advertising business up 38%, with strength across segments. Walmart U.S. advertising up 38%
  • Membership fee revenue grew 17% globally
  • Gross profit rate up 96 bps, led by Walmart U.S., primarily impacted by tariff refund impacts noted below
  • Operating income up $2.1 billion, or 28.8% up 17.4% adjusted (cc); which includes the impact of tariff refunds received, partially offset by price investments in the quarter. Setting aside this net impact, underlying operating income growth was at the top end of our guidance. Our outlook reflects the continued prioritization of remaining tariff refunds into price investments
  • Adjusted EPS of $0.81 excludes the impact, net of tax, from a net loss of $0.12 on equity and other investments, and net benefit of $0.11 from a certain tax matter
  • ROA at 8.0%; ROI at 15.4%
  • Global inventory up 6.7%; up 6.0% (cc), due to strategic initiatives and inflation

The company will hold a live conference call with the Investment Community at 7 a.m. CDT Thursday, August 20, 2026, to discuss the company’s second quarter earnings results for fiscal year 2027. The event will be webcast live and is accessible by visiting https://corporate.walmart.com/news/events and selecting the Second Quarter Earnings Release event. The webcast will be archived and available on the company website.

About Walmart

Walmart Inc. (Nasdaq: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 280 million customers and members visit more than 10,900 stores and numerous eCommerce websites in 19 countries. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X at x.com/walmart, and on LinkedIn at linkedin.com/company/walmart.

Investor Relations Contacts
Steph Wissink
Senior Vice President, Investor Relations
ir@walmart.com

Kary Brunner
Sr. Director, Investor Relations

Media Relations Contact
Jenn Rodriguez
Vice President, Walmart Inc. Communications
press@walmart.com

Source: Walmart Inc.