Walmart reported second-quarter results for the three months ended July 31, 2026, with revenue of $187.9 billion, up 5.9%, and operating income up 28.8% to $9.4 billion. GAAP diluted earnings per share fell 9.1% to $0.80, a period that included $1.2 billion in other losses, while the company raised its fiscal 2027 adjusted EPS guidance to $2.80 to $2.87.
Q2 GAAP diluted EPS was $0.80, down from $0.88; adjusted EPS was $0.81 after excluding a $0.12 net loss on equity and other investments and a $0.11 net benefit from a tax matter.
Q2 operating income was $9.4 billion, up 28.8%, including the impact of tariff refunds received, partly offset by price investments.
FY27 adjusted EPS guidance is $2.80 to $2.87, up from $2.75 to $2.85 previously; net sales growth guidance is 4.0% to 5.0% in constant currency.
Q3 adjusted EPS is expected to be $0.62 to $0.64, with Q3 net sales growth of 3.0% to 3.75% in constant currency.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
From Walmart's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2026
$706.41B
+4.7%
$2.73
+13.3%
3.1%
FY2025
$674.54B
+5.0%
$2.41
+26.2%
2.9%
FY2024
$642.64B
+6.1%
$1.91
+34.5%
2.4%
FY2023
$605.88B
+6.7%
$1.42
-12.3%
1.9%
FY2022
$567.76B
+2.3%
$1.62
-65.9%
2.4%
Frequently asked questions
When is Walmart's next earnings date?
Walmart (WMT) is scheduled to report on Thursday, November 19, 2026 before the market opens. Analysts expect EPS of $0.64.
What did Walmart earn last quarter?
For the quarter ended Jul 2026, Walmart reported diluted EPS of $0.80 (-9.1% year over year) on revenue of $186.10B (+5.9%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.