Walmart achieved strong performance in Q1 2026 with significant growth in sales, eCommerce profitability, and advertising and membership income. However, the company faces challenges from tariffs and softness in general merchandise and certain international markets. Despite these challenges, the company's strong operational efficiency and strategic initiatives position it well for future growth.

Company Guidance

During Walmart's First Quarter Fiscal Year 2026 Earnings Call, the company reported a 4% increase in sales and a 3% rise in profit in constant currency. International sales grew by 7.8%, with significant contributions from eCommerce, which saw a 22% growth globally. Walmart U.S. comp sales rose by 4.5%, while Sam's Club U.S. comp sales, excluding fuel, increased by 6.7%. The company achieved profitability in eCommerce for the first time, indicating a positive shift in its business model. Walmart's advertising business grew by 50%, and membership fee income saw a near 15% increase across the enterprise. Despite facing challenges such as tariffs and cost pressures, Walmart expressed confidence in navigating these issues while maintaining its long-term growth strategy. The company also highlighted its focus on enhancing delivery speed, aiming to reach 95% of the U.S. population with delivery options of three hours or less.

Strong Q1 Performance and Growth

Walmart grew sales by 4% and profit by 3% in constant currency. International sales increased by 7.8%, with eCommerce growing 22% globally. Significant growth in the Walmart U.S. and Sam's Club U.S. segments with comps of 4.5% and 6.7% respectively.

eCommerce Profitability Milestone

For the first time, Walmart achieved profitability in its eCommerce business on both a U.S. and global enterprise basis, driven by network densification, reduced delivery costs, and increased customer willingness to pay for expedited delivery.

Advertising and Membership Growth

Walmart's advertising business grew by 50%, with Walmart Connect in the U.S. growing 31%. Membership fee income increased nearly 15% across the enterprise, with strong growth in member counts and renewal rates.

Operational Efficiency and Inventory Management

Consolidated gross margin increased due to disciplined inventory management and business mix improvements. Inventory levels were well-managed, up only 3.8%, aiding in navigating tariff impacts.

Strong Health and Wellness Segment

Health and wellness sales increased by high-teens, with over 10% growth in prescription volumes. New pharmacy delivery service launched, contributing to digital user growth.

Walmart Inc. (IT:1WMT) Earnings, Revenues Date & History

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IT:1WMT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 21, 2025	2026 (Q2)	0.64 / -	0.591	―	―	―
May 15, 2025	2026 (Q1)	0.51 / 0.54	0.529	1.67% (<+0.01)
Feb 20, 2025	2025 (Q4)	0.57 / 0.58	0.529	10.00% (+0.05)
Nov 19, 2024	2025 (Q3)	0.47 / 0.51	0.45	13.73% (+0.06)
Aug 15, 2024	2025 (Q2)	0.57 / 0.59	0.541	9.30% (+0.05)
May 16, 2024	2025 (Q1)	0.46 / 0.53	0.432	22.45% (+0.10)
Feb 20, 2024	2024 (Q4)	0.48 / 0.53	0.503	5.26% (+0.03)
Nov 16, 2023	2024 (Q3)	0.45 / 0.45	0.441	2.00% (<+0.01)
Aug 17, 2023	2024 (Q2)	0.50 / 0.54	0.52	3.90% (+0.02)
May 18, 2023	2024 (Q1)	0.39 / 0.43	0.382	13.16% (+0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IT:1WMT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 15, 2025	€86.24	€85.72	-0.60%
Feb 20, 2025	€99.32	€92.80	-6.56%
Nov 19, 2024	€79.14	€81.86	+3.44%
May 16, 2024	€54.45	€57.64	+5.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.