Q4 25 EPS
$0.66
BEAT +2.04%
Est. $0.65
Q4 25 Revenue
$180.55B
BEAT +0.87%
Est. $179.00B
vs S&P Since Q4 25
+18.7%
BEATING MARKET
WMT +36.7% vs S&P +18.1%
Full Year 2025 Results
FY 25 EPS
$2.51
FY 25 Revenue
$680.99B
Market Reaction
Did WMT Beat Earnings? Q4 2025 Results
Walmart closed out its fiscal fourth quarter with a clean beat on both the top and bottom lines, posting adjusted earnings of $0.66 per share against a consensus estimate of $0.65, a 2.04% beat, while revenue of $180.55 billion edged past the $179.00… Read more Walmart closed out its fiscal fourth quarter with a clean beat on both the top and bottom lines, posting adjusted earnings of $0.66 per share against a consensus estimate of $0.65, a 2.04% beat, while revenue of $180.55 billion edged past the $179.00 billion estimate by 0.87% and grew 4.1% year over year. The primary engine behind the quarter was broad-based eCommerce momentum, with global online sales up 16% and Walmart U.S. ECommerce accelerating 20%, helping operating income grow faster than sales at 8.3% on a reported basis. Comp sales in the U.S. Rose 4.6%, aided by continued share gains among upper-income households and a return to positive growth in general merchandise, even as peers flagged tariff and inflation headwinds as reasons for consumer caution. Looking ahead, Walmart guided fiscal 2026 adjusted EPS to $2.50 to $2.60, incorporating roughly $0.05 of currency headwind, with net sales growth of 3% to 4% in constant currency, reflecting a generally stable but carefully watched consumer backdrop.
Key Takeaways
- • Walmart U.S. comp sales up 4.6% driven by transaction counts and unit volumes
- • Global eCommerce sales grew 16%, with Walmart U.S. eCommerce up 20%
- • Global advertising business grew 29%, including 24% for Walmart Connect U.S.
- • Gross margin rate up 53 bps led by Walmart U.S. inventory management and lower markdowns
- • Share gains primarily from upper-income households
- • Membership income grew 16% globally with double-digit Walmart+ growth
- • Improved eCommerce economics with net delivery cost per order decreased more than 20%
- • Health & wellness comps up mid-teens with GLP-1 sales contributing ~100 bps to Walmart U.S. segment comp
- • China net sales grew 27.7% in constant currency led by Sam's Club and eCommerce
- • Sam's Club U.S. comp sales up 6.8% excluding fuel driven by transaction and unit growth
WMT YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
WMT Revenue by Segment
With YoY comparisons, source: SEC Filings
WMT Revenue by Geography
Regional revenue distribution
“Our team finished the year with another quarter of strong results. We have momentum driven by our low prices, a growing assortment, and an eCommerce business driven by faster delivery times. We're gaining market share, our top line is healthy, and we're in great shape with inventory. We'll stay focused on growth, improving operating margins, and strengthening ROI as we invest to serve our customers and members even better.”
— Doug McMillon, Q4 2025 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 | — | — | — | — |