Walmart reports $177.4B revenue in Q2 2026

By Tamara Parker • Thursday, August 21 15:41 • Permanent Link

In the second quarter of fiscal year 2026, Walmart Inc. reported a 4.8% increase in revenue, reaching $177.4 billion. This growth was even more significant at 5.6% when measured in constant currency. The company's global ecommerce sales surged by 25%, driven by store-fulfilled pickup & delivery and marketplace. Walmart U.S. comp sales were up 4.6%, with a notable increase in grocery and health & wellness sales.

The operating income decreased by 8.2%, although when adjusted, it was up 0.4% in constant currency. The company reported a GAAP EPS of $0.88 and an adjusted EPS of $0.68.

Looking at specific segments, Walmart U.S. saw its net sales rise to $120.9 billion, a 4.8% increase from the previous year. Ecommerce significantly contributed to this growth, with a 420 basis point increase in comparable sales. Operating income for this segment was $6.7 billion, up 2.0% from the previous year.

Walmart International experienced a 5.5% increase in net sales, reaching $31.2 billion. The growth was even more substantial at 10.5% in constant currency, amounting to $32.7 billion. Operating income for this segment was $1.2 billion, a decrease of 9.8%, or $1.3 billion in constant currency.

Sam's Club U.S. achieved a 3.4% increase in net sales, totaling $23.6 billion. Excluding fuel, net sales were $21.2 billion, a 6.0% increase. The segment's ecommerce sales grew by 26%, driven by club-fulfilled pickup & delivery.

The company's cash and cash equivalents amounted to $9.4 billion, with total debt reaching $50.3 billion. Walmart Inc. reported an operating cash flow of $18.4 billion, marking a $2.0 billion increase from the previous period. The free cash flow also saw a notable uptick, reaching $6.9 billion, an increase of $1.1 billion.

Looking ahead, the company issued guidance for the third quarter, expecting net sales to increase by 3.75% to 4.75%, with operating income projected to rise by 3.0% to 6.0%, both in constant currency. Additionally, Walmart Inc. raised its outlook for net sales growth to 3.75% to 4.75% and adjusted EPS to $2.52 to $2.62 for fiscal year 2026, while the adjusted operating income guidance remained unchanged at 3.5% to 5.5%. As a result of these announcements, the company's shares have moved -5.14% on the market, and are now trading at a price of $97.30. If you want to know more, read the company's complete 8-K report here.

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