Walmart Releases Q1 FY26 Earnings
We delivered solid financial performance, serving our customers and members in more ways
We drove solid operating discipline in Q1 FY26 and grew our higher-margin businesses, such as advertising. We’re deploying capital toward the highest returns, leveraging our omnichannel strengths to enhance the customer and member experience.
Building
customer trust
Value and convenience of our omnichannel strategy is resonating with customers and members.
Diversifying
business mix
Growing profitability through a diverse set of customer and member offerings.
Driving
higher returns
Targeting growth investments toward areas of higher return, while controlling costs through disciplined execution.
Investing
in our future
Increasing competitive advantages through improved customer and member experiences in-store and online.
Our focus on delivering value and convenience to our customers and members is resonating now more than ever. We delivered continued sales momentum across the company in Q1 FY26, enabled by competitive advantages that have continued to set us apart in the retail marketplace.
Walmart U.S.
Sam's Club
Walmart International
We delivered solid results in Q1 FY26. Transaction counts and unit volume increases drove top-line performance, with eCommerce growth across each segment and solid inventory levels demonstrating the strength and resilience of our business model.
Walmart U.S.
eCommerce
Walmart U.S. comp sales gains reflect strong eCommerce growth. Walmart U.S. achieved eCommerce profitability in Q1 for the first time, marking a milestone for the company.
Sam's Club U.S.
Sam’s Club U.S. members value the convenience of Scan & Go and their use of this tool continues to grow. More than 50% of our members now transact digitally in some form with Sam’s Club, with eCommerce sales up 27% for the business.
Membership
Tech-powered experiences helped drive growth in member counts, renewals and Plus members in Sam’s Club U.S. during Q1 FY26. Walmart+ membership fee income grew double digits, while Sam’s Club China rose more than 40% during the quarter.
Same-day service
We are increasing speed of delivery for customers. In Walmart International, items delivered same- or next-day increased by 35%, with about 45% of those items delivered in under 3 hours.
Q1 FY26 earnings resources
Related financial news
Find out more about previous earnings announcements, investments and other news from FY26.
Our results in Q1 FY26 illustrate how we’ve continued to optimize our business to deliver greater efficiency — balancing our ongoing investments with improved experiences for customers and associates, and increased returns for shareholders.
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Constant Currency is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
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Adjusted Operating Income is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
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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.
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Calculated for the trailing-twelve months ended April 30, 2025 and 2024, respectively. ROI is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
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Comp sales for the 13-week period ended May 2, 2025 compared to the 13-week period ended May 3, 2024 and excludes fuel. See Supplemental Financial Information for additional information.
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Free cash flow is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
