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Inferra AI / Company / WMT

Walmart

WMT · Consumer Staples

Last earnings Aug 20, 2026

Key results

Operating incomequarter

5.0%

Operating income up 5.0%, negatively affected by 250 bps from higher fuel costs in distribution and fulfillment.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Revenuequarter

$177.8 billion

John Furner President and CEO, Walmart First Quarter Highlights Revenue of $177.8 billion, up 7.3%, or 5.9% (cc) 1 Global eCommerce sales grew 26%, led by store-fulfilled pickup delivery and marketplace Global advertising business 3 up 37%, with strength across segments.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Growthquarter

up 7.3%

John Furner President and CEO, Walmart First Quarter Highlights Revenue of $177.8 billion, up 7.3%, or 5.9% (cc) 1 Global eCommerce sales grew 26%, led by store-fulfilled pickup delivery and marketplace Global advertising business 3 up 37%, with strength across segments.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

advertising up 36% Membership fee revenue grew 17.4% globally Gross profit rate up 6 bps, led by Walmart U.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Walmart U.S operating incomequarter

$0.4 billion

Walmart U.S. Operating income up $0.4 billion, or 5.0% up 5.1% adjusted (cc) 1 Adjusted EPS 1 of $0.66 excludes the impact, net of tax, from a net gain of $0.02 on equity and other investments, and $0.01 from business reorganization charges ROA at 8.4% ROI at 14.9% 1

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

EPSquarter

5.0%

Walmart U.S. Operating income up $0.4 billion, or 5.0% up 5.1% adjusted (cc) 1 Adjusted EPS 1 of $0.66 excludes the impact, net of tax, from a net gain of $0.02 on equity and other investments, and $0.01 from business reorganization charges ROA at 8.4% ROI at 14.9% 1

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Operating income up $0.4 billion, or 5.0% up 5.1% adjusted (cc) 1 Adjusted EPS 1 of $0.66 excludes the impact, net of tax, from a net gain of $0.02 on equity and other investments, and $0.01 from business reorganization charges ROA at 8.4% ROI at 14.9% 1 , negatively affected 45 bps from discrete items 4 Global inventory up 8.9% up 7.8% (cc) 5 , affected by the timing of receipts, strong unit demand in grocery for Walmart U.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Free cash flowquarter

$0.7 billion

Operating cash flow of $4.7 billion, a decrease of $0.7 billion Free cash flow 1 of negative $1.9 billion, a decrease of $2.4 billion Repurchased 16.6 million shares, or $2.1 billion 3 Inventory of $62.6 billion, an increase of $5.1 billion, or 8.9% 1 See additional information at the end of this release regarding non-GAAP financial measures.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

NP NP operating incomequarter

4.1%

fuel) 2 4.1% 4.5% NP NP Transactions 3.0% 1.6% NP NP Average ticket 1.1% 2.8% NP NP eCommerce contribution to comp 530 bps 350 bps NP NP Operating income $5.9 $5.7 $0.2 3.5% Adjusted operating income 1 $6.0 $5.7 $0.3 5.7% Walmart U.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

fuel) 1 3.9% 6.7% NP NP Transactions 6.2% 4.8% NP NP Average ticket -2.2% 1.7% NP NP eCommerce contribution to comp 400 bps 350 bps NP NP Operating income $0.7 $0.7 $0.0 1.2% Sam s Club U.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

AI analysis

Q1 FY2027 · reported May 21, 2026

Based on: Earnings release + Q1 FY2027 deck + parent 8-K — transcript not held

Revenue · Q1 FY2027
$177.8B
EX-99 · May 21, 2026
Free cash flow · Q1 FY2027
$0.7B
EX-99 · May 21, 2026
Walmart U.S operating income · Q1 FY2027
$0.4B
EX-99 · May 21, 2026

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · May 21, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ1 FY2027Prior qtrYear ago
Operating income5.0%——
Revenue$177.8 billion——
Growthup 7.3%——
Walmart U.S operating income$0.4 billion——
EPS5.0%——
Free cash flow$0.7 billion——
NP NP operating income4.1%——

EX-99 · May 21, 2026

Guidance · company-stated

Direction: Raised

Revenue

“htm EX-99.1 Document Walmart reports first quarter results Revenue growth of 7.3%, up 5.9% in constant currency (cc) 1 Operating income growth of 5.0%, up 5.1% adjusted (cc) 1 eCommerce sales up 26% globally GAAP EPS of $0.67 Adjusted EPS 1 of $0.66 Company issues guidance for Q2 reiterates outlook for FY27 BENTONVILLE, Ark.”

Revenue$706.4 billion

“Consolidated metric Q2 FY27 Net sales (cc) Increase 4.0% to 5.0% Operating income (cc) Increase 7.0% to 10.0% Adjusted EPS $0.72 to $0.74 Fiscal year 2027 The Company s fiscal year guidance is based on the following FY26 figures Net sales $706.4 billion, adjusted operating income 1 $31.0 billion, and adjusted EPS 1 $2.64.”

Company outlook — Reiterated

“The Company s outlook for fiscal 2027 remains unchanged from prior guidance.”

Midpoint vs latest-quarter revenue+297.3%computed from stated figures

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Free cash flow$0.7B

Capital allocation

Free cash flow$0.7B
Operating income6.0%
Unchanged EPS$200M

, and fuel The Company raised $4.25 billion in long-term debt for general corporate purposes at favorable rates 1 See additional information at the end of this release regarding non-GAAP financial measures.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue +297.3% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

(NASDAQ WMT) announces first-quarter results with strong growth in revenue, including eCommerce, which grew 26% globally with strength across segments

Based on: Earnings release + Q1 FY2027 deck + parent 8-K — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “htm EX-99.1 Document Walmart reports first quarter results Revenue growth of 7.3%, up 5.9% in constant currency (cc) 1 Operating income growth of 5.0%, up 5.1% adjusted (cc) 1 eCommerce sales up 26% globally GAAP EPS of $0.67 Adjusted EPS 1 of $0.66 Company issues guidance for Q2 reiterates outlook for FY27 BENTONVILLE, Ark.”

Revenue: “Consolidated metric Q2 FY27 Net sales (cc) Increase 4.0% to 5.0% Operating income (cc) Increase 7.0% to 10.0% Adjusted EPS $0.72 to $0.74 Fiscal year 2027 The Company s fiscal year guidance is based on the following FY26 figures Net sales $706.4 billion, adjusted operating income 1 $31.0 billion, and adjusted EPS 1 $2.64.”

Revenue — Reiterated (“reiterates”)
“htm EX-99.1 Document Walmart reports first quarter results Revenue growth of 7.3%, up 5.9% in constant currency (cc) 1 Operating income growth of 5.0%, up 5.1% adjusted (cc) 1 eCommerce sales up 26% globally GAAP EPS of $0.67 Adjusted EPS 1 of $0.66 Company issues guidance for Q2 reiterates outlook for FY27 BENTONVILLE, Ark.”

Company outlook — Reiterated (“remains unchanged”)
“The Company s outlook for fiscal 2027 remains unchanged from prior guidance.”

Revenue — Raised (“Increase”)
“Consolidated metric Q2 FY27 Net sales (cc) Increase 4.0% to 5.0% Operating income (cc) Increase 7.0% to 10.0% Adjusted EPS $0.72 to $0.74 Fiscal year 2027 The Company s fiscal year guidance is based on the following FY26 figures Net sales $706.4 billion, adjusted operating income 1 $31.0 billion, and adjusted EPS 1 $2.64.”

Classified from the release's primary full-year outlook statement.

Capital allocation

, and fuel The Company raised $4.25 billion in long-term debt for general corporate purposes at favorable rates 1 See additional information at the end of this release regarding non-GAAP financial measures.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Balance Sheet and Liquidity Cash and cash equivalents of $10.7 billion Total debt of $58.1 billion 2

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Operating cash flow of $4.7 billion, a decrease of $0.7 billion Free cash flow 1 of negative $1.9 billion, a decrease of $2.4 billion Repurchased 16.6 million shares, or $2.1 billion 3 Inventory of $62.6 billion, an increase of $5.1 billion, or 8.9% 1 See additional information at the end of this release regarding non-GAAP financial measures.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

2 Debt includes short-term borrowings, long-term debt and finance lease obligations due within one year, and long-term debt and finance lease obligations.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

3 In February 2026, the Company announced a new $30 billion repurchase authorization, which replaced the remaining capacity under the prior authorization.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

operating income (cc) Increase 6.0% to 8.0% Unchanged Interest, net Increase approximately $200M to $300M Unchanged Effective tax rate Approximately 23.5% to 24.5% Unchanged Adjusted EPS $2.75 to $2.85 Unchanged Capital expenditures Approximately 3.5% of net sales Unchanged 1 For relevant non-GAAP reconciliations, see Q2 FY26 and Q4 FY26 earnings release furnished on Form 8-K on August 21, 2025 and February 19, 2026, respectively.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Strategy & priorities

Our results reflect our continued focus on delivering across the enterprise better shopping experiences, a broader assortment, and faster delivery.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

cc - constant currency 2 Business Highlights and Strategic Initiatives Dollars in billions, except as noted.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Sales strength led by grocery and general merchandise Comp sales driven by increased transactions and unit volumes eCommerce sales up 23% with continued strong growth in club-fulfilled pickup delivery Membership and other income grew 11%, driven by a 5.6% increase in membership fee revenue due to steady growth in member counts, renewal rates, and Plus members other income benefited from miscellaneous items Inventory increased 14.9%, primarily related to higher fuel costs and volumes, including fuel upstreaming with a strategic partner 1 See Supplemental Financial Information for additional information.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

segment and Corporate and support relate to strategic efforts to align our global platforms.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

The decrease in free cash flow was due to an increase of $1.7 billion in capital expenditures to support our omnichannel growth strategy combined with the decrease in net cash provided by operating activities described above.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

Risks & headwinds

NP - Not provided 4 Guidance The following guidance reflects the Company s expectations as of May 21, 2026, and does not assume any impact from IEEPA tariff refunds.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

This guidance is subject to substantial risk and uncertainty that could cause actual results to differ materially from these expectations.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

These risks and uncertainties include, but are not limited to, the factors set forth below under the heading Forward-looking statements.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

We urge you to consider all of the risks, uncertainties and factors identified above or discussed in such reports carefully in evaluating the forward-looking statements in this release.

SEC original ↗Walmart — Earnings release (8-K exhibit)EX-99May 21, 2026

cc = constant currency Guidance 2 The following guidance reflects the Company s expectations as of May 21, 2026, and does not assume any impact from IEEPA tariff refunds.

SEC original ↗Walmart — Presentation / slide deck (8-K exhibit)EX-99May 21, 2026

4 Opioid-related legal matters are recorded in Corporate and support and reflect proceeds received from settlement of a shareholder derivative lawsuit in Q4 FY25.

SEC original ↗Walmart — Presentation / slide deck (8-K exhibit)EX-99May 21, 2026

Documents

Earnings deck slides

0 decks with slide view

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Walmart — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

British American Tobacco (BTI) Consumer StaplesJBS N.V. (JBS) Consumer StaplesAltria (MO) Consumer StaplesCostco (COST) Consumer StaplesSanfilippo John B & Son Inc. (JBSS) Consumer StaplesPhilip Morris International (PM) Consumer StaplesDollar General (DG) Consumer StaplesFEMSA (FMX) Consumer Staples

Filings

62 documents

Earnings releases

8 documents

Presentations

18 documents

Transcripts

0 documents

No transcripts for Walmart are held in this edition of the library.

Mentioned by

14 companies

Other tracked companies whose held documents mention Walmart by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.