NASDAQ$WMT
Walmart Inc. · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Walmart posted modest revenue growth and solid operating income in Q1 FY26.
Walmart reported $165.6 billion in revenue and $0.56 GAAP EPS for Q1 FY26, driven by strong eCommerce and advertising performance despite headwinds from leap day comparisons.
- Revenue reached $165.6 billion, up 2.5% YoY.
- Adjusted EPS came in at $0.61, above GAAP EPS of $0.56.
- eCommerce sales surged 22% globally, fueled by pickup & delivery and marketplace strength.
- Advertising revenue increased 50% globally, with Walmart Connect U.S. up 31%.
Headline financials
Revenue & EPS history
Walmart · Revenue · Quarterly
$166B
Revenue by segment
Walmart · $176B total across 3 segments · Q1 2027
- Walmart U.S.$117B—66.7%
- Walmart International$35.1B—20.0%
- Sam's Club U.S.$23.4B—13.3%
Forward guidance
Walmart reiterated FY26 guidance, projecting continued growth driven by digital, membership, and operating efficiency gains.
Tailwinds
- Net sales expected to grow 3.0% to 4.0% in FY26 (cc).
- Adj. operating income projected to grow 3.5% to 5.5%.
- Adj. EPS guided to $2.50 to $2.60 including $0.05 FX headwind.
- Positive impact expected from VIZIO acquisition (~20 bps tailwind).
- eCommerce and advertising growth expected to remain strong.
Headwinds
- Leap year lapping adds ~20–70 bps headwinds to sales and income growth.
- Currency fluctuations reduce reported sales by ~$2.4B.
- No specific Q2 guidance on EPS or operating income.
- Expense deleverage due to strategic investments in wages and tech.
- Operating income margin pressured in Walmart International.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
-0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.0%
Avg return
30 days after
39%
28 / 72 earnings
Positive
+10.6%
Q1 2017
Best reaction
-17.4%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +0.7% | — | — | |
| Q4 2026 | -1.4% | +0.1% | -6.0% | |
| Q3 2026 | +5.9% | +6.4% | +13.7% | |
| Q2 2026 | -4.2% | -6.4% | -0.2% | |
| Q1 2026 | -0.5% | +1.0% | -2.5% | |
| Q4 2025 | -6.5% | -6.1% | -17.3% | |
| Q3 2025 | +3.7% | +7.6% | +11.1% | |
| Q2 2025 | +7.0% | +8.6% | +17.4% | |
| Q1 2025 | +8.1% | +8.9% | +12.0% | |
| Q4 2024 | +2.0% | +3.1% | +8.2% | |
| Q3 2024 | -8.5% | -8.2% | -10.0% | |
| Q2 2024 | -0.8% | -1.4% | +3.4% | |
| Q1 2024 | +0.3% | -0.8% | +4.0% | |
| Q4 2023 | -1.5% | -2.7% | -4.0% | |
| Q3 2023 | +7.3% | +8.6% | +5.0% | |
| Q2 2023 | +5.2% | +3.3% | +0.7% | |
| Q1 2023 | -17.4% | -19.6% | -18.6% | |
| Q4 2022 | +3.3% | +2.2% | +8.9% | |
| Q3 2022 | -3.4% | -3.1% | -2.4% | |
| Q2 2022 | -1.1% | +0.5% | -3.8% | |
| Q1 2022 | +2.2% | +2.1% | -0.8% | |
| Q4 2021 | -6.0% | -8.0% | -10.5% | |
| Q3 2021 | -2.2% | -1.4% | -4.2% | |
| Q2 2021 | -2.3% | -2.9% | +0.8% | |
| Q1 2021 | -1.7% | -2.6% | -7.6% | |
| Q4 2020 | -0.2% | +0.6% | +1.3% | |
| Q3 2020 | -1.8% | -0.9% | -0.6% | |
| Q2 2020 | +6.4% | +5.5% | +10.6% | |
| Q1 2020 | +1.0% | +1.2% | +9.2% | |
| Q4 2019 | -0.1% | -0.4% | -0.9% | |
| Q3 2019 | -3.8% | -7.3% | -9.5% | |
| Q2 2019 | +8.5% | +6.5% | +4.8% | |
| Q1 2019 | -2.9% | -3.2% | -2.8% | |
| Q4 2018 | -12.7% | -11.3% | -16.8% | |
| Q3 2018 | +8.5% | +7.4% | +8.1% | |
| Q2 2018 | -2.0% | -1.2% | -0.7% | |
| Q1 2018 | +4.9% | +4.5% | +0.2% | |
| Q4 2017 | +3.4% | +4.4% | +0.7% | |
| Q3 2017 | -4.0% | -1.8% | -0.6% | |
| Q2 2017 | -0.2% | -1.3% | -0.1% | |
| Q1 2017 | +10.6% | — | — | |
| Q4 2016 | -2.2% | — | — | |
| Q3 2016 | +5.3% | — | — | |
| Q2 2016 | -4.6% | — | — | |
| Q1 2016 | -5.0% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q2 2014 | -3.0% | — | — | |
| Q1 2014 | -2.5% | — | — | |
| Q4 2013 | +1.7% | — | — | |
| Q3 2013 | -4.6% | — | — | |
| Q2 2013 | -3.3% | — | — | |
| Q1 2013 | +5.5% | — | — | |
| Q4 2012 | -6.2% | — | — | |
| Q3 2012 | -2.9% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | -1.6% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q3 2011 | +0.8% | — | — | |
| Q2 2011 | +3.2% | — | — | |
| Q4 2010 | +3.2% | — | — | |
| Q1 2010 | -1.9% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q3 2009 | -1.6% | — | — | |
| Q3 2010 | -1.6% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q2 2009 | -0.7% | — | — | |
| Q2 2010 | -0.7% | — | — |
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