WMT Walmart Inc.

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Walmart Reported In-line with Expectations, Reaffirms Below Estimates

Thursday, May 21, 2026 · 7:02 AM ET

Walmart (WMT) reported earnings of $0.66 per share on revenue of $177.75 billion for the fiscal first quarter ended April 2026. The consensus earnings estimate was $0.65 per share on revenue of $174.06 billion. The Earnings Whisper number was $0.66 per share. The company reported in-line with expectations while revenue grew 7.33% on a year-over-year basis.

The company said it expects second quarter earnings of $0.72 to $0.74 per share on revenue of $184.50 billion to $186.27 billion. The current consensus earnings estimate is $0.75 per share on revenue of $185.60 billion for the quarter ending July 31, 2026. The company also said it continues to expect fiscal 2027 earnings of $2.75 to $2.85 per share on revenue of $731.12 billion to $738.19 billion. The current consensus earnings estimate is $2.89 per share on revenue of $748.72 billion for the year ending January 31, 2027.

John Furner, President and CEO, Walmart, said, "Our results reflect our continued focus on delivering across the enterprise — better shopping experiences, a broader assortment, and faster delivery. Our teams are adopting innovative technologies, driving productivity through automation, and growing higher margin commerce solutions. It’s a disciplined approach that’s helping us grow the business and strengthen returns.”

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
$0.66
Earnings Whisper®
$0.66
Consensus Estimate
$0.65
Earnings Surprise
Earnings Growth8.2 %
Reported Revenue
$177.75B
Revenue Estimate
$174.06B
Revenue Surprise
Revenue Growth7.3 %

Earnings Conference Call Summary

Walmart reports revenue growth of 7.3%, up 5.9% in constant currency (cc)

Thursday, May 21, 2026 · 7:02 AM ET Business Wire

Operating income growth of 5.0%, up 5.1% adjusted (cc)

eCommerce sales up 26% globally

GAAP EPS of $0.67; Adjusted EPS of $0.66

Company issues guidance for Q2; 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/20260520663095/en/

First Quarter Highlights:

  • Revenue of $177.8 billion, up 7.3%, or 5.9% (cc)
  • Global eCommerce sales grew 26%, led by store-fulfilled pickup & delivery and marketplace
  • Global advertising business up 37%, with strength across segments. Walmart U.S. advertising up 36%
  • Membership fee revenue grew 17.4% globally
  • Gross profit rate up 6 bps, led by Walmart U.S.
  • Operating income up $0.4 billion, or 5.0% up 5.1% adjusted (cc)
  • Adjusted EPS of $0.66 excludes the impact, net of tax, from a net gain of $0.02 on equity and other investments, and $0.01 from business reorganization charges
  • ROA at 8.4%; ROI at 14.9%, negatively affected ~45 bps from discrete items
  • Global inventory up 8.9%; up 7.8% (cc), affected by the timing of receipts, strong unit demand in grocery for Walmart U.S. and fuel
  • The Company raised $4.25 billion in long-term debt for general corporate purposes at favorable rates

The company will hold a live conference call with the Investment Community at 7 a.m. CDT Thursday, May 21, 2026, to discuss the company’s first 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 First 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.