Q4 24 EPS
$1.80
BEAT +9.76%
Est. $1.64
Q4 24 Revenue
$173.39B
BEAT +1.57%
Est. $170.71B
vs S&P Since Q4 24
+84.5%
BEATING MARKET
WMT +129.6% vs S&P +45.1%
Full Year 2024 Results
FY 24 EPS
$6.65
FY 24 Revenue
$648.13B
Market Reaction
Did WMT Beat Earnings? Q4 2024 Results
Walmart closed out Q4 fiscal 2024 with a decisive beat on both top and bottom lines, as the retail giant posted earnings per share of $1.80 against a consensus estimate of $1.64, a 9.76% beat, while revenue climbed 5.7% year over year to $173.39 bill… Read more Walmart closed out Q4 fiscal 2024 with a decisive beat on both top and bottom lines, as the retail giant posted earnings per share of $1.80 against a consensus estimate of $1.64, a 9.76% beat, while revenue climbed 5.7% year over year to $173.39 billion, edging past the $170.71 billion analyst forecast. The standout driver behind the quarter's strength was a relentless push in omnichannel execution, with global eCommerce sales surging 23% and the international segment delivering net sales of $31.20 billion in constant currency, led by Flipkart, Walmex, and China. Adjusted operating income grew at a faster clip than revenue, reflecting better gross margins and disciplined cost controls. Meanwhile, Walmart's growing advertising business, which reached $3.40 billion for the full year, continues to signal a meaningful evolution in how the company monetizes its scale. Looking ahead, management guided fiscal 2025 adjusted EPS of $2.23 to $2.37 on a post-split basis, with consolidated net sales expected to grow 3% to 4% in constant currency.
Key Takeaways
- • Global eCommerce sales grew 23%, surpassing $100 billion for the full year
- • Global advertising business grew approximately 33%, including 22% for Walmart Connect in U.S.
- • Share gains in grocery and general merchandise, particularly among higher-income households
- • Walmart U.S. comp sales of 4.0% driven by grocery and health & wellness
- • Strong inventory management with 4.5% inventory decline in Walmart U.S. and higher in-stock levels
- • Membership income growth of 10.0% at Sam's Club with record total and Plus membership
- • Walmart International sales led by Flipkart, Walmex, and China with strong festive events
- • Gross profit rate expanded 39 bps to 23.3% from improved pricing and lower markdowns
WMT YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
WMT Revenue by Segment
With YoY comparisons, source: SEC Filings
WMT Revenue by Geography
Regional revenue distribution
“Our team delivered a great quarter, finishing off a strong year. We crossed $100 billion in eCommerce sales and drove share gains as our customer experience metrics improved, even during our highest volume days leading up to the holidays. We're proud of the team and excited about building on our momentum as we work to bring prices down for our customers and members.”
— Doug McMillon, Q4 2024 Earnings Press Release
WMT Earnings Trends
WMT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WMT EPS Trend
Earnings per share: estimate vs actual
WMT Revenue Trend
Quarterly revenue: estimate vs actual
WMT Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.70 | $0.74 | +5.71% | $190.66B | — |
| FY Full Year | $2.64 | $2.64 | +0.05% | $713.16B | +0.93% |
| Q3 26 BEAT | $0.60 | $0.62 | +3.11% | $179.50B | +2.47% |
| Q2 26 MISS | $0.74 | $0.68 | -7.88% | $177.40B | +1.73% |
| Q1 26 BEAT | $0.58 | $0.61 | +5.74% | $163.98B | -0.27% |
| Q4 25 BEAT FY | $0.65 | $0.66 | +2.04% | $180.55B | +0.87% |
| FY Full Year | — | $2.51 | — | $680.99B | — |
| Q3 25 BEAT | $0.53 | $0.58 | +8.84% | $169.59B | +1.78% |
| Q4 24 BEAT FY | $1.64 | $1.80 | +9.76% | $173.39B | +1.57% |
| FY Full Year | — | $6.65 | — | $648.13B | — |
| Q3 24 | $1.40 | — | — | — | — |