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Operating Income by Segment
Reveals profitability across Walmart’s business segments, showing which areas drive earnings and where there might be operational efficiencies or pressures.U.S. operating income shows a clear uplift recently—driven in part by a large June‑quarter bump from one‑time tariff refunds that management says they’ll reinvest—while Sam’s Club and International are increasingly accretive. Underlying margin improvement is supported by e‑commerce, automation and membership momentum, but corporate/support remains a steady drag and recurring headwinds (>$2B fuel cost pressure, pharmacy regulation) will compress future comparables once the tariff benefit fades. Raised guidance reflects confidence in core leverage, but sustainability hinges on converting digital and fulfillment gains into recurring operating income.
Date | International | United States | Sam's Club | Corporate and Support |
|---|---|---|---|---|
Jun 30, 2026 | $1.30B | $8.10B | $700.00M | -$700.00M |
Mar 31, 2026 | $1.60B | $5.90B | $674.00M | -$680.00M |
Dec 31, 2025 | $1.91B | $6.95B | $596.00M | -$751.00M |
Sep 30, 2025 | $702.00M | $5.78B | $671.00M | -$457.00M |
Jun 30, 2025 | $1.23B | $6.72B | $489.00M | -$1.15B |
Mar 31, 2025 | $1.26B | $5.71B | $686.00M | -$520.00M |
Dec 31, 2024 | $1.40B | $6.52B | $574.00M | -$643.00M |
Sep 30, 2024 | $1.20B | $5.43B | $634.00M | -$565.00M |
Jun 30, 2024 | $1.36B | $6.59B | $581.00M | -$592.00M |
Mar 31, 2024 | $1.53B | $5.33B | $615.00M | -$639.00M |