Q3 26 EPS
$0.62
BEAT +3.11%
Est. $0.60
Q3 26 Revenue
$179.50B
BEAT +2.47%
Est. $175.17B
vs S&P Since Q3 26
+12.7%
BEATING MARKET
WMT +23.1% vs S&P +10.4%
Market Reaction
Did WMT Beat Earnings? Q3 2026 Results
Walmart closed fiscal Q3 2026 on a high note, posting adjusted EPS of $0.62 against a consensus estimate of $0.60, a 3.11% beat, while revenue of $179.50 billion came in 2.47% above expectations and grew 5.8% year-over-year, a result that sent shares… Read more Walmart closed fiscal Q3 2026 on a high note, posting adjusted EPS of $0.62 against a consensus estimate of $0.60, a 3.11% beat, while revenue of $179.50 billion came in 2.47% above expectations and grew 5.8% year-over-year, a result that sent shares higher in premarket trading. The headline driver was a seventh consecutive quarter of eCommerce growth above 20%, with global online sales expanding 27% as store-fulfilled expedited delivery surged 70% and advertising revenue, bolstered by the VIZIO integration, climbed 53% globally. Walmart U.S. Comparable sales rose 4.5% excluding fuel, with upper-income households continuing to trade into the retailer across grocery and general merchandise, a dynamic competitors in the discount space are also beginning to benefit from. Adjusted operating income in constant currency grew 8.0% to $7.25 billion, ahead of sales growth. Encouraged by the broad momentum, management raised its FY26 guidance for the third straight quarter, now guiding net sales growth of 4.8% to 5.1% in constant currency and adjusted EPS of $2.58 to $2.63.
Key Takeaways
- • Global eCommerce sales grew 27%, with over 20% growth across all segments
- • Walmart U.S. comp sales up 4.5% with broad-based share gains across grocery, health & wellness, and general merchandise
- • Expedited store-fulfilled deliveries (3 hours or less) grew 70% and were ~35% of store-fulfilled orders
- • Global advertising business up 53% including VIZIO; Walmart Connect U.S. up 33%
- • Membership income grew 16.7% globally
- • Strong inventory management with Walmart U.S. inventory growing 2.6%, approximately half the rate of sales growth
- • Share gains across income brackets led by upper-income households
- • Flipkart Big Billion Days timing benefited Q3 International sales
WMT YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
WMT Revenue by Segment
With YoY comparisons, source: SEC Filings
WMT Revenue by Geography
Regional revenue distribution
“The team delivered another strong quarter across the business. eCommerce was a bright spot again this quarter. We're gaining market share, improving delivery speed, and managing inventory well. We're well-positioned for a strong finish to the year and beyond that, thanks to our associates. It's been an honor to serve them as CEO, and I'm as excited about the future of this company as I've ever been. John Furner is a fantastic leader with a proven track record. I couldn't be happier for him and for Walmart.”
— Doug McMillon, Q3 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 | — | — | — | — |