Walmart Inc. (WMT) Q4 2026 Financial Results Summary

Release Date: February 19, 2026

Walmart Inc. (NASDAQ: WMT) reported its fourth-quarter financial results, showcasing substantial growth across key metrics while enhancing shareholder returns through a new share repurchase plan. Below is a summary of the key financial highlights from their Q4 2026 report.

Fourth Quarter Highlights

• Revenue:
  • Total revenue of $190.7 billion, a 5.6% increase year-over-year (YoY)
  • Adjusted revenue growth of 4.9% in constant currency (cc)
• Operating Income:
  • Increased by 10.8%, amounting to $8.7 billion; adjusted operating income growth of 10.5% (cc)
• eCommerce Performance:
  • Global eCommerce sales rose by 24%
• Earnings per Share (EPS):
  • GAAP EPS recorded at $0.53
  • Adjusted EPS at $0.74 after excluding a net loss from equity and other investments
• Shareholder Returns:
  • Walmart announced a new $30 billion share repurchase authorization

Business Segment Performance

Walmart U.S.

• Net Sales:
  • $129.2 billion, reflecting a 4.6% increase YoY
• Comparable Sales (ex. fuel):
  • Growth maintained at 4.6%
• eCommerce Sales:
  • Rose by 27%
• Operating Income:
  • Grew by 6.6% to $7.0 billion

Walmart International

• Net Sales:
  • $35.9 billion, yielding an 11.5% increase YoY
• Operating Income:
  • Increased to $1.9 billion, up 36% YoY

Sam’s Club U.S.

• Net Sales:
  • Reported at $23.8 billion, up 2.9% YoY
• Comparable Sales (ex. fuel):
  • Increased by 4.0%
• eCommerce Sales:
  • Grew by 23%

Full Year Financial Metrics

• Total Revenue:
  • Annual revenue reached $713.2 billion, up 4.7% YoY
  • Adjusted revenue growth of 5.1% (cc)
• Operating Income:
  • Total of $29.8 billion, an increase of 1.6% YoY; adjusted growth of 5.4% (cc)
• Global Advertising Business:
  • Grew 46% reaching nearly $6.4 billion
• ROA:
  • Recorded at 8.2%
• ROI:
  • Reported at 15.1%, slightly decreased from the previous year

Cash Flow and Liquidity

• Cash and Cash Equivalents:
  • Amounted to $10.7 billion
• Total Debt:
  • Stood at $51.5 billion
• Operating Cash Flow:
  • Increased to $41.6 billion, an increase of $5.1 billion
• Free Cash Flow:
  • Reached $14.9 billion, up by $2.3 billion

Dividend Announcement

Walmart increased its annual dividend to $0.99 per share.

Guidance for FY27

• Net Sales Growth:
  • Expected between 3.5% and 4.5% in constant currency
• Adjusted Operating Income:
  • Projected growth of 6.0% to 8.0% (cc)
• Adjusted EPS:
  • Expected to range between $2.75 to $2.85

Walmart’s solid performance in Q4 2026, combined with its share repurchase plan and dividend increase, indicates a commitment to maximizing shareholder value while continuing to expand in the competitive retail landscape. The positive outlook for FY27 demonstrates the company’s confidence in sustaining growth amidst market fluctuations.

Note: Amounts in the following tables are in millions.

	Three Months Ended		Fiscal Year Ended
	January 31, 2026	January 31, 2025	Percent Change	January 31, 2026	January 31, 2025	Percent Change
Revenues:
Net sales	$188,913	$178,830	5.6%	$706,413	$674,538	4.7%
Membership and other income	1,743	1,724	1.1%	6,750	6,447	4.7%
Total revenues	190,656	180,554	5.6%	713,163	680,985	4.7%
Costs and expenses:
Cost of sales	143,615	136,172	5.5%	535,395	511,753	4.6%
Operating, selling, general and administrative expenses	38,333	36,523	5.0%	147,943	139,884	5.8%
Operating income	8,708	7,859	10.8%	29,825	29,348	1.6%
Interest:
Debt	585	599	(2.3%)	2,318	2,249	3.1%
Finance lease	124	118	5.1%	481	479	0.4%
Interest income	(88)	(115)	(23.5%)	(368)	(483)	(23.8%)
Interest, net	621	602	3.2%	2,431	2,245	8.3%
Other (gains) and losses	2,117	294	620.1%	(2,075)	794	NM
Income before income taxes	5,970	6,963	(14.3%)	29,469	26,309	12.0%
Provision for income taxes	1,578	1,538	2.6%	7,199	6,152	17.0%
Consolidated net income	4,392	5,425	(19.0%)	22,270	20,157	10.5%
Consolidated net income attributable to noncontrolling interest	(155)	(171)	(9.4%)	(377)	(721)	(47.7%)
Consolidated net income attributable to Walmart	$4,237	$5,254	(19.4%)	$21,893	$19,436	12.6%
Net income per common share:
Basic net income per common share attributable to Walmart	$0.53	$0.65	(18.5%)	$2.74	$2.42	13.2%
Diluted net income per common share attributable to Walmart	0.53	0.65	(18.5%)	2.73	2.41	13.3%
Weighted-average common shares outstanding:
Basic	7,971	8,029		7,983	8,041
Diluted	8,009	8,078		8,022	8,081
Dividends declared per common share	$—	$—		$0.94	$0.83

NM: Not Meaningful

	January 31, 2026	January 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$10,727	$9,037
Receivables, net	11,172	9,975
Inventories	58,851	56,435
Prepaid expenses and other	4,124	4,011
Total current assets	84,874	79,458
Property and equipment, net	136,083	119,993
Operating lease right-of-use assets	14,750	13,599
Finance lease right-of-use assets, net	6,123	6,112
Goodwill	28,735	28,792
Other long-term assets	14,103	12,869
Total assets	$284,668	$260,823
LIABILITIES, REDEEMABLE
NONCONTROLLING INTEREST, AND
SHAREHOLDERS’ EQUITY