Walmart’s QQ1 2026 results show modest top-line growth alongside ongoing margin pressures, a common trait across large-scale omni-channel retailers navigating cost inflation and aggressive promotional environments. Revenue reached 165.609 billion USD, up 2.54% year over year but down 8.28% quarter over quarter, signaling seasonality and mix dynamics as price investments and promotions continue to influence quarterly performance. Gross profits stood at 41.306 billion USD with a gross margin of approximately 24.94%, while operating income was 7.135 billion USD (operating margin ~4.31%). Net income amounted to 4.487 billion USD, translating to a net margin near 2.71% and EPS of 0.56 USD. The quarter delivered solid cash flow through operating activities of 5.411 billion USD and free cash flow of 0.425 billion USD, supporting a disciplined capital return framework despite a sizable balance sheet with total debt of 67.21 billion USD and net debt of 57.89 billion USD.
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: 165.609B (YoY +2.54%, QoQ -8.28%). Gross Profit: 41.306B (+YoY +3.07%, QoQ -6.93%), Gross Margin: 24.94%. Operating Income: 7.135B (+YoY +4.30%, QoQ -9.21%), Operating Margin: 4.31%. Net Income: 4.487B (-YoY -12.09%, QoQ -14.60%), Net Margin: 2.71%. EPS: 0.56 (YoY -11.11%, QoQ -13.85%). EBITDA: 10.0B (EBITDA Margin ~6.04%). EBITDARatio: 0.0603831917. Weighted Avg Shares: 8.011B (Diluted 8.051B). Free Cash Flow: 0.425B; Cash from Operations: 5.411B. Balance sheet highlights: Cash and cash equivalents 9.312B; Total Assets 262.372B; Total Liabilities 171.724B; Total Equity 83.793B. Debt: Total 67.205B; Net Debt: 57.894B. Key liquidity indicators show a robust cash position with ongoing capacity for capital returns and investment in growth initiatives.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
165.61B
2.54%
-8.28%
Gross Profit
41.31B
3.07%
-6.93%
Operating Income
7.14B
4.30%
-9.21%
Net Income
4.49B
-12.09%
-14.60%
EPS
0.56
-11.11%
-13.85%
Key Financial Ratios
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