"We feel great about how we're driving eCommerce growth in a way that not only serves customers and members better, but reshapes our business model..." - Doug McMillon
— Doug McMillon
03Detailed Report
WMT
Walmart Inc
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 27, 2026
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Executive Summary
In Q1 2026, Walmart Inc. reported robust financial performance with a revenue increase of 4% year-over-year, attributed largely to a significant 22% growth in eCommerce sales. Operating income also rose to $7.1 billion, giving an operating margin of 4.3%. The company's strategic focus on enhancing operational efficiencies, especially in eCommerce and delivery speed, is designed to counteract the challenges posed by tariffs and inflation. Management expressed confidence in navigating these cost pressures while still aiming to grow profits faster than sales. Strong inventory management practices were highlighted, which are essential as Walmart adapts to the dynamic consumer landscape and fluctuating costs of goods.
Key Performance Indicators
Revenue
Increasing
165.61B
QoQ: -8.28% | YoY: 2.54%
Gross Profit
Increasing
41.31B
24.94% margin
QoQ: -6.93% | YoY: 3.07%
Operating Income
Increasing
7.14B
QoQ: -9.21% | YoY: 4.30%
Net Income
Decreasing
4.49B
QoQ: -14.60% | YoY: -12.09%
EPS
Decreasing
0.56
QoQ: -13.85% | YoY: -11.11%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue and Profitability:
- Total Revenue: $165.6 billion, up 4% YoY;
- Net Income: $4.487 billion, down 12.1% YoY;
- Operating Income: $7.135 billion, up 4.3% YoY.