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Walmart WMT Q3 2026 earnings

Reported November 20, 2025 · Before market open

Revenue estimate$177.44B
EPS estimate$0.60

Next report

Aug 20, 2026 (in a month)
Revenue estimate$186.96B
EPS estimate$0.74

Financials

Q3 2026

Income statement

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Revenue$179.50B+5.8%
Gross profit$44.8B+6.0%
Operating income$6.7B-0.2%
Net income$6.1B+34.2%
EPS (diluted)$0.77+35.1%

Balance sheet

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Cash & equivalents$11.1B+9.1%
Total debt$68.4B+10.8%
Total equity$96.1B+9.1%
Total assets$288.66B+9.6%

Cash flow

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Operating cash flow$9.1B+38.7%
CapEx$7.2B+16.6%
Free cash flow$1.9B+406%

Valuation & ratios

Valuation

as of 10/31/25
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Market cap$806.69B+22.4%
Enterprise value$864.02B+21.6%
P/E35.2×+1.7×
P/S1.1×+0.2×

Profitability

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Gross margin24.9%+0.2pp
Operating margin4.1%-0.1pp
Net margin3.3%+0.3pp
FCF margin2.2%-0.4pp

Returns & leverage

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Return on equity24.9%+1.4pp
Debt / equity0.7×0.0×
Current ratio0.8×0.0×

Segments

By product

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Grocery$88.4B
General merchandise$29.9B
Health and wellness$19.7B+11.8%
Fuel and other$3.0B

By segment

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Walmart U.S.$121.34B+5.1%
Walmart International$33.9B+10.7%
Sam's Club U.S.$24.2B

By geography

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Mexico and Central America$12.9B+6.7%
Other$8.6B+15.7%

Versus estimates

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Questions, answered.

When did Walmart report Q3 2026 earnings?
Walmart (WMT) reported Q3 2026 earnings on November 20, 2025 before market open.
What were Walmart 's Q3 2026 revenue and EPS?
Walmart reported revenue of $179.50B and diluted EPS of $0.62 for Q3 2026.
Did Walmart beat estimates in Q3 2026?
Revenue beat the consensus estimate of $177.44B by $2.1B. EPS beat the consensus estimate of $0.60 by $0.02.
How did Walmart 's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.8% from $169.59B a year earlier and diluted EPS grew 6.9% from $0.58.
Where can I find Walmart 's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000104169-25-000177) and the 10-Q periodic report (0000104169-25-000191) directly on SEC EDGAR. The filing index links above go to sec.gov.