Q1 26 EPS
$0.61
BEAT +5.74%
Est. $0.58
Q1 26 Revenue
$163.98B
MISS 0.27%
Est. $164.43B
vs S&P Since Q1 26
+17.5%
BEATING MARKET
WMT +39.5% vs S&P +22.0%
Market Reaction
Did WMT Beat Earnings? Q1 2026 Results
Walmart posted a mixed but broadly encouraging first quarter for fiscal 2026, with adjusted earnings per share of $0.61 beating the $0.58 consensus estimate by 5.74%, even as revenue of $163.98 billion came in just 0.27% below expectations and grew 1… Read more Walmart posted a mixed but broadly encouraging first quarter for fiscal 2026, with adjusted earnings per share of $0.61 beating the $0.58 consensus estimate by 5.74%, even as revenue of $163.98 billion came in just 0.27% below expectations and grew 1.5% year-over-year. The profit strength was underpinned by a 22% surge in global eCommerce sales and a 50% jump in the global advertising business, including contributions from VIZIO, alongside 14.8% growth in membership income, all of which helped offset modest grocery inflation of roughly 150 basis points driven largely by egg prices. Walmart U.S. Comparable sales rose 4.5% excluding fuel, with health and wellness leading the way at high-teens growth, reflecting continued share gains among upper-income households. Looking ahead, management reiterated its full-year FY26 guidance for adjusted EPS of $2.50 to $2.60 and constant-currency net sales growth of 3.0% to 4.0%, though it withheld specific Q2 profit guidance amid uncertainty around tariff and trade policy, a cautious stance echoed across much of the retail sector this earnings season.
Key Takeaways
- • Global eCommerce sales grew 22%, led by store-fulfilled pickup & delivery and marketplace
- • Walmart U.S. comp sales up 4.5% driven by higher transaction counts and unit volumes
- • Health & wellness grew high-teens, grocery grew mid-single-digits at Walmart U.S.
- • Global advertising business grew 50% including VIZIO; Walmart Connect U.S. up 31%
- • Membership income grew 14.8% globally
- • Gross margin rate up 12 bps led by Walmart U.S. disciplined inventory management
- • Improved eCommerce economics contributed to operating income growth
- • Sam's Club U.S. comp sales up 6.7% ex-fuel with eCommerce delivery growth of ~160%
- • China net sales grew 22.5% in constant currency with continued Sam's Club strength
- • Grocery share gains led by upper-income households
WMT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
WMT Revenue by Segment
With YoY comparisons, source: SEC Filings
WMT Revenue by Geography
Regional revenue distribution
“We delivered a solid first quarter in a dynamic operating environment. We're serving customers and members in more ways, which is fueling our growth. We're well positioned, maintaining flexibility to navigate the near-term while continuing to invest to create value for the long-term.”
— Doug McMillon, Q1 2026 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 | — | — | — | — |