Walmart Reports 7.3% Revenue Growth to $177.8 Billion for Three Months Ended April 30, 2026

Walmart Inc. reported a significant increase in its financial performance for the three months ended April 30, 2026, with total revenues reaching $177.8 billion, up 7.3% from $165.6 billion in the same period last year. The company's net income attributable to Walmart rose to $5.3 billion, compared to $4.5 billion in the prior year, resulting in a diluted net income per share of $0.67, an increase from $0.56. The growth in revenue was primarily driven by a 7.1% increase in net sales, which totaled $175.7 billion, bolstered by strong performance in both grocery and general merchandise categories.

In terms of operational metrics, Walmart's U.S. segment saw net sales increase by 4.5% to $117.2 billion, with comparable sales rising 4.3%. The Walmart International segment experienced an 18% increase in net sales, reaching $35.1 billion, largely due to favorable currency fluctuations and strong eCommerce growth. Sam's Club U.S. also reported a 6.1% increase in net sales, totaling $23.4 billion, with comparable sales up 5.9%. The overall customer engagement metrics reflected a positive trend, with eCommerce sales contributing significantly to the growth across all segments.

Walmart's operational expenses increased to $37.2 billion, up from $34.2 billion, primarily due to higher depreciation costs and business reorganization charges. The gross profit margin slightly improved to 24.3%, compared to 24.2% in the previous year, driven by a favorable merchandise mix and growth in higher-margin businesses, including advertising. However, operating income as a percentage of net sales decreased to 4.3% from 4.4%, reflecting the impact of increased costs associated with eCommerce fulfillment and supply chain challenges.

Strategically, Walmart has continued to invest in its omnichannel capabilities, with capital expenditures rising to $6.7 billion, up from $5.1 billion in the prior year. The company is focused on enhancing its supply chain and technology infrastructure to support growth in eCommerce and improve customer experience. Additionally, Walmart has renewed its credit facilities, maintaining a strong liquidity position with $10.7 billion in cash and cash equivalents as of April 30, 2026.

Looking ahead, Walmart anticipates ongoing challenges from macroeconomic factors such as inflation, supply chain pressures, and fluctuating consumer confidence. The company remains committed to its strategy of providing low prices and enhancing customer engagement through its omnichannel offerings. Walmart's management expects to navigate these challenges while continuing to focus on growth, margin improvement, and returns on investment, positioning the company for sustained performance in the competitive retail landscape.