Walmart is one of the world’s largest retail companies, offering affordable prices and a diverse range of products. It started in 1962 when Sam Walton opened the first store in Arkansas, and it has since grown into a global business with thousands of locations. Walmart works hard to keep prices low by managing its supply chain efficiently. The company also operates Sam’s Club and has expanded into online shopping to stay competitive in the digital world.
Besides selling products, Walmart focuses on helping communities and protecting the environment. It invests in clean energy, reduces waste, and ensures its products come from responsible sources. The company also provides jobs for millions of people and supports education and career growth. Although Walmart has faced criticism for its size and labor practices, it continues to shape the retail industry and adapt to changes in technology and evolving customer needs.
Walmart Fiscal Q3 2026
Walmart (WMT) reported strong third-quarter results, with revenue up 5.8% and adjusted operating income rising 8%. Both revenue and EPS came in ahead of expectations.
Global eCommerce grew 27%, with all segments posting over 20% growth. U.S. comparable sales increased 4.5% across categories.
GAAP EPS was $0.77, and adjusted EPS was $0.62.
Highlights:
- Revenue reached $179.5 billion, up 5.8% (6% in constant currency)
- Global eCommerce grew 27%, driven by pickup, delivery, and marketplace strength
- Global advertising rose 53%, with Walmart Connect U.S. up 33% and VIZIO included
- Membership and other income increased 9%, with membership income up 16.7%
- Gross margin improved slightly, led by Walmart U.S., partly offset by Flipkart event timing
- Operating income dipped 0.2% due to PhonePe share-based charges; adjusted operating income rose 8%
- Adjusted EPS was $0.62, excluding investment gains, legal settlements, and PhonePe compensation costs
- ROA stood at 8.4%; ROI at 14.8%, down about 30 bps from discrete items in prior periods
Outlook
Looking ahead to fiscal 2026, Walmart raised its outlook, expecting net sales growth of 4.8–5.1% and adjusted operating income growth of 4.8–5.5% in constant currency, with adjusted EPS projected at $2.58–$2.63.
Boards Statements
Doug McMillon, President and CEO of Walmart, praised the team for delivering another strong quarter across the business. He highlighted e-commerce as a standout area, noting gains in market share, faster delivery, and effective inventory management.
McMillon emphasized that Walmart is well-positioned for a strong finish to the year and beyond, crediting the company’s associates for their contributions. He described it as an honor to serve them as CEO and expressed his continued excitement about Walmart’s future. McMillon also commended John Furner as a proven leader with an outstanding track record, adding that he couldn’t be happier for Furner and for Walmart.
Impact on the Stock Market
Walmart’s stock (WMT) is trading flat in the pre‑market session following the release of its third‑quarter earnings. Despite reporting stronger revenue growth, solid eCommerce gains, and earnings per share that beat expectations, the share price has shown little movement ahead of the market open. Walmart raised its forecast for fiscal 2026, expecting steady growth in sales and operating income.
Investors appear to be balancing the positive results with broader market sentiment and upcoming leadership changes. The raised outlook for fiscal 2026 highlights confidence in continued growth, but near‑term caution is keeping the stock steady in pre‑market trading.
