Q4 26 EPS
$0.74
BEAT +5.71%
Est. $0.70
Q4 26 Revenue
$190.66B
vs S&P Since Q4 26
-1.5%
TRAILING MARKET
WMT +3.8% vs S&P +5.3%
Full Year 2026 Results
FY 26 EPS
$2.64
BEAT +0.05%
Est. $2.64
FY 26 Revenue
$713.16B
BEAT +0.93%
Est. $706.56B
Market Reaction
Did WMT Beat Earnings? Q4 2026 Results
Walmart closed out Q4 FY26 with a decisive beat on both top and bottom lines, reporting adjusted EPS of $0.74 against a consensus estimate of $0.70, a 5.71% positive surprise, while revenue of $190.66 billion cleared the $184.06 billion estimate by 3… Read more Walmart closed out Q4 FY26 with a decisive beat on both top and bottom lines, reporting adjusted EPS of $0.74 against a consensus estimate of $0.70, a 5.71% positive surprise, while revenue of $190.66 billion cleared the $184.06 billion estimate by 3.59% and grew 5.6% year over year. The headline driver behind the quarter's strength was a 24% surge in global eCommerce sales, with Walmart U.S. ECommerce climbing 27% and store-fulfilled expedited delivery growing more than 50%, reflecting the company's deepening omnichannel traction. Global advertising also emerged as a meaningful earnings lever, expanding 37% including VIZIO and pushing the full-year advertising business to nearly $6.40 billion. Adjusted operating income grew 10.8%, well ahead of the top-line pace, as gross margin edged up 13 basis points to 24.0%. With rivals like Costco also posting strong digital sales growth, Walmart's e-commerce momentum positions it competitively heading into FY27, for which management guided net sales growth of 3.5% to 4.5% and adjusted EPS of $2.75 to $2.85.
Key Takeaways
- • Global eCommerce sales grew 24%, led by store-fulfilled pickup & delivery and marketplace
- • Walmart U.S. comp sales grew 4.6% with increased customer transactions and unit volumes
- • Global advertising business grew 37% including VIZIO; Walmart Connect in the U.S. up 41%
- • Membership fee revenue grew 15.1% globally
- • Gross margin rate up 13 bps led by strong inventory management and improved business mix
- • Broad-based share gains across income tiers led by upper-income households
- • Store-fulfilled expedited delivery channels grew more than 50%
- • Marketplace seller utilization of Walmart Fulfillment Services at 52% (record high)
- • Improved eCommerce economics contributing to operating income growth
WMT Forward Guidance & Outlook
For Q1 FY27, Walmart expects net sales growth of 3.5% to 4.5% (cc), operating income growth of 4.0% to 6.0% (cc), and adjusted EPS of $0.63 to $0.65, based on Q1 FY26 figures of $164.0 billion net sales, $7.1 billion operating income, and $0.61 adjusted EPS. For full fiscal year 2027, the company expects net sales growth of 3.5% to 4.5% (cc), adjusted operating income growth of 6.0% to 8.0% (cc), adjusted EPS of $2.75 to $2.85, interest net to increase approximately $200M to $300M, effective tax rate of approximately 23.5% to 24.5%, and capital expenditures of approximately 3.5% of net sales. FY27 guidance is based on FY26 figures of $706.4 billion net sales, $31.0 billion adjusted operating income, and $2.64 adjusted EPS. Guidance is subject to substantial uncertainty from factors including foreign currency fluctuations, tariff and trade policies, inflation, and global economic conditions.
WMT YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
WMT Revenue by Segment
With YoY comparisons, source: SEC Filings
WMT Revenue by Geography
Regional revenue distribution
“The pace of change in retail is accelerating. It's exciting. And our financial results show that we're not only embracing this change, we're leading it. For our customers and members, the future is fast, convenient, and personalized.”
— John Furner, Q4 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 | — | — | — | — |