Walmart Reports 5.8% Revenue Growth to $179.5 Billion in Q3 Fiscal 2026

Walmart Inc. reported its financial results for the third quarter of fiscal 2026, ending October 31, 2025, revealing total revenues of $179.5 billion, a 5.8% increase from $169.6 billion in the same period last year. The company's net sales rose to $177.8 billion, up from $168.0 billion, while membership and other income also saw a rise to $1.7 billion from $1.6 billion. Consolidated net income for the quarter was $6.1 billion, compared to $4.7 billion in the prior year, resulting in a diluted net income per share of $0.77, an increase from $0.57.

In comparison to the previous fiscal period, Walmart's operating income slightly decreased to $6.7 billion from $6.7 billion, reflecting a decrease in operating income margin to 3.8% from 4.0%. The increase in total revenues was primarily driven by strong comparable sales growth in the U.S. segment, which reported a 4.8% increase, supported by growth in average ticket and transactions across all merchandise categories. The Walmart U.S. segment's eCommerce sales contributed significantly, accounting for approximately 4.4% of comparable sales.

Walmart's operational metrics showed a total of 10,822 retail units at the end of the quarter, up from 10,660 a year earlier. The company also reported a working capital deficit of $22.8 billion, an increase from $15.6 billion in the previous year, primarily due to timing of payments and increased short-term borrowings. Cash and cash equivalents stood at $10.6 billion, compared to $10.0 billion a year ago. The company continues to invest in its growth strategy, with capital expenditures reaching $18.6 billion for the nine months ended October 31, 2025, an increase from $16.7 billion in the same period last year.

Looking ahead, Walmart anticipates continued uncertainty in the global economy, influenced by factors such as inflation, supply chain pressures, and changing consumer behaviors. The company remains committed to its strategy of providing low prices and enhancing its omnichannel offerings. Walmart's management expects that its sources of liquidity will remain sufficient to fund operations, investments, and shareholder returns in the foreseeable future. The company also plans to continue its share repurchase program, having repurchased $7.0 billion in shares during the nine months ended October 31, 2025.