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Walmart WMT Q2 2026 earnings

Reported August 21, 2025 · Before market open

Revenue$177.40BBeat by $1.5B
EPS$0.68Miss by $0.05
Revenue estimate$175.94B
EPS estimate$0.73

Next report

Nov 19, 2026 (in 3 months)
Revenue estimate$187.29B
EPS estimate$0.63

Financials

Q2 2026

Income statement

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Revenue$177.40B+4.8%
Gross profit$44.6B+5.0%
Operating income$7.3B-8.2%
Net income$7.0B+56.1%
EPS (diluted)$0.88+57.1%

Balance sheet

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Cash & equivalents$9.9B+11.2%
Total debt$65.0B+6.1%
Total equity$90.1B+6.7%
Total assets$270.84B+6.4%

Cash flow

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Operating cash flow$12.9B+6.9%
CapEx$6.4B+10.2%
Free cash flow$6.5B+3.8%

Valuation & ratios

Valuation

as of 07/31/25
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Market cap$781.92B+41.6%
Enterprise value$837.06B+38.5%
P/E36.6×+1.1×
P/S1.1×+0.3×

Profitability

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Gross margin24.9%+0.3pp
Operating margin4.2%-0.1pp
Net margin3.1%+0.7pp
FCF margin2%—

Returns & leverage

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Return on equity24.5%+5.5pp
Debt / equity0.7×0.0×
Current ratio0.8×0.0×

Segments

By product

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Grocery$87.5B—
General merchandise$32.3B—
Health and wellness$18.5B+14.4%
Fuel and other$3.1B—

By segment

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Walmart U.S.$121.56B+4.8%
Walmart International$31.6B+5.5%
Sam's Club U.S.$24.3B—

By geography

See full
Mexico and Central America$12.5B-4.2%
Other$6.8B+10.1%

FAQ

When did Walmart report Q2 2026 earnings?
Walmart (WMT) reported Q2 2026 earnings on August 21, 2025 before market open.
What were Walmart's Q2 2026 revenue and EPS?
Walmart reported revenue of $177.40B and eps of $0.68 for Q2 2026.
Did Walmart beat estimates in Q2 2026?
Revenue beat the consensus estimate of $175.94B by $1.5B. EPS missed the consensus estimate of $0.73 by $0.05.
How did Walmart's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.8% from $169.34B a year earlier and eps grew 1.5% from $0.67.
Where can I find Walmart's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000104169-25-000120) and the 10-Q periodic report (0000104169-25-000137) directly on SEC EDGAR. The filing index links above go to sec.gov.