Walmart posts revenue, income growth in Q4 FY26 report

BENTONVILLE, Ark., February 19, 2026 – Walmart Inc. BB #:143789 announces fourth-quarter results with strong growth in revenue and adjusted operating income.

Globally, eCommerce grew 24% with strength across segments. Walmart U.S. comp sales2 grew 4.6%. Looking ahead, the Company issues guidance for FY27 with net sales expected to grow 3.5% to 4.5% and adjusted operating income to grow 6.0% to 8.0%, both in constant currency (“cc”)1. Adjusted EPS1 is expected to be $2.75 to $2.85.

“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,” said John Furner President and CEO, Walmart

Fourth Quarter Highlights

• Revenue of $190.7 billion, up 5.6%, or 4.9% (cc)1
• Global eCommerce sales grew 24%, led by storefulfilled pickup & delivery and marketplace
• Global advertising business3 up 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 Walmart U.S.
• Operating income up $0.8 billion, or 10.8%; up 10.5% adjusted (cc)1, growing faster than sales
• Adjusted EPS1 of $0.74 excludes the impact, net of tax, from a net loss of $0.21 on equity and other investments

Full Year Highlights

• Revenue of $713.2 billion, up 4.7%, or 5.1% (cc)1
• Operating income up $0.5 billion or 1.6%; up 5.4 adjusted (cc)1, growing faster than sales
• Global advertising business3 grew 46% to nearly $6.4 billion, including VIZIO
• ROA at 8.2%; ROI at 15.1%1, negatively affected ~35 bps from discrete items4
• Global inventory up 4.3%; up 2.6% (cc)5
• Increased annual dividend to $0.99 per share

1 See additional information at the end of this release regarding non-GAAP financial measures.
2 Comp sales for the 13-week period ended January 30, 2026 compared to the 13-week period ended January 31, 2025 and excludes fuel. See Supplemental Financial Information for additional information.
3 Our global advertising business is recorded in either net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement.
4 Represents items which were adjusted from operating income in the current and prior year.
5 Inventory grew 4.3% on a reported basis and grew 2.6% in constant currency, excluding a ~$0.9 billion foreign currency impact.
“cc” – constant currency

About Walmart
Walmart Inc. (Nasdaq: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better – anytime and anywhere – in stores, online, and through their mobile devices. Each week, approximately 280 million customers and members visit more than 10,900 stores and numerous eCommerce websites in 19 countries. With fiscal year 2026 revenue of $713 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X at x.com/walmart, and on LinkedIn at linkedin.com/company/walmart.