Walmart Inc. Earnings Recaps
Q2 2027
Aug 22, 2026
Walmart shares dropped 9.3% following the earnings announcement, driven primarily by cautious outlook signals and margin pressures despite solid top-line metrics. Investors appeared disappointed by the company's emphasis on heavy price investments that may compress margins going forward.
Key takeaways
- Comp sales grew 2.6% at Walmart U.S., 4.4% at Sam’s Club U.S., and 7.9% internationally, reflecting moderate top-line growth.
- Membership fee revenue hit an all-time high with 17% growth, boosting recurring income streams.
- E-commerce continued strong with global growth of 23%, including 24% growth in Walmart U.S. and 52% Marketplace growth.
- Adjusted operating income increased 17.4% aided by tariff refunds, but much of this benefit is being redeployed into price investments to drive share.
- The company maintained aggressive pricing with over 11,000 rollbacks, up from 7,200 last quarter, indicating ongoing margin pressure ahead.
Q4 2026
Feb 19, 2026
Walmart delivered robust fourth-quarter results with a 4.9% increase in revenue, driven by strong eCommerce growth and effective inventory management, positioning it well for continued expansion.
Key takeaways
- Fourth-quarter adjusted operating income increased by 10.5% year-over-year, surpassing revenue growth.
- eCommerce sales surged by 24%, highlighting the effectiveness of Walmart's omnichannel strategy.
- Strong performance across all segments, with fashion leading growth in general merchandise for Walmart U.S.
- Inventory growth was contained at 2.6%, significantly below the sales growth rate, reflecting efficient supply chain management.
- Customer engagement with AI tools like Sparky is yielding higher average order values, enhancing Walmart's competitive edge in the retail sector.