Operating Income
Walmart Operating Income decreased by 14.0% to $7.49B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.0%, from $7.14B to $7.49B. Over 4 years (FY 2022 to FY 2026), Operating Income shows relatively stable performance with a -1.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.91B | $7.35B | $5.79B | $11.08B | $5.32B | $6.85B | $2.70B | $670.00M | $6.24B | $7.32B | $6.20B | $5.52B | $6.84B | $7.94B | $6.71B | $8.23B | $7.14B | $7.29B | $6.70B | $8.71B | $7.49B |
| QoQ Change | — | +6.4% | -21.2% | +91.2% | -52.0% | +28.9% | -60.7% | -75.1% | +831.3% | +17.2% | -15.2% | -10.9% | +23.9% | +16.1% | -15.5% | +22.7% | -13.3% | +2.1% | -8.1% | +30.0% | -14.0% |
| YoY Change | — | — | — | — | -23.0% | -6.8% | -53.5% | -94.0% | +17.3% | +6.7% | +130.1% | +724.3% | +9.6% | +8.5% | +8.2% | +49.0% | +4.3% | -8.2% | -0.2% | +5.8% | +5.0% |
Business Segments
| Segment | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Walmart U.S. | $6.59B | $5.44B | $6.52B | $5.71B | $6.72B | $5.78B | $6.95B | $5.90B |
| Walmart International | $1.36B | $1.20B | $1.40B | $1.26B | $1.23B | $702.00M | $1.91B | $1.60B |
| Sam's Club U.S. | — | — | — | — | — | — | — | $674.00M |
| Sam's Club | $581.00M | $634.00M | — | — | — | — | — | — |
| Total | $7.94B | $6.71B | $8.23B | $7.14B | $7.29B | $6.70B | $8.71B | $7.49B |
Corporate and support, Sam's Club were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is Walmart 's operating income?
- Walmart (WMT) reported operating income of $7.49B in Q1 2026.
- How has Walmart 's operating income changed year-over-year?
- Walmart 's operating income increased by 5.0% year-over-year, from $7.14B to $7.49B.
- What is the long-term trend for Walmart 's operating income?
- Over 4 years (2022 to 2026), Walmart 's operating income has grown at a -1.1% compound annual growth rate (CAGR), from $31.13B to $29.83B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.