01—Abstract
Summary
Summary of the 10-Q filed May 29, 2026. Cited figures are marked; the original filing is the authoritative source.
Walmart Inc. reported a solid first quarter for fiscal year 2027, with total revenues reaching $177.75 billiona, a 7.3% increase year-over-year.
This growth was driven by strong comparable sales across its U.S. segments and international markets, fueled by increased transactions and a higher average ticket. Notably, eCommerce net sales saw a significant 26% surge, largely due to the expansion of store- and club-fulfilled delivery options, indicating continued success in its omnichannel strategy. Consolidated net income rose by approximately 18.3% to $5.49 billionb, translating to diluted earnings per share of $0.67, up from $0.56 in the prior year's comparable period.
The company's operating income also saw a healthy 5.0%c increase. While gross profit margin improved slightly, operating expenses as a percentage of net sales increased, primarily due to higher depreciation, reorganization charges, and increased associate healthcare costs. Despite these pressures, the company's strategic focus on growth and margin improvement, coupled with disciplined capital allocation, positions it to navigate the ongoing economic uncertainties.
02—Key points
Key Highlights
- Total revenues increased by 7.3% to $177.75 billion, driven by broad-based comparable sales growth.
- Diluted EPS grew to $0.67, a significant increase from $0.56 in the prior year's comparable quarter.
- eCommerce net sales experienced robust growth of 26%, underscoring the success of omnichannel initiatives.
- Walmart U.S. and Walmart International segments demonstrated strong performance, with net sales up 4.5% and 18.0% respectively.
- Operating income increased by 5.0% to $7.49 billion, reflecting improved operational efficiency.
- Capital expenditures increased to $6.68 billion, reflecting continued investment in supply chain, technology, and store improvements to support long-term growth.
- The company maintained its commitment to shareholders with a dividend declared per common share of $0.99.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q1 FY2027, Walmart Inc. kept $0.03.
- Revenue$175.68B100.0%
- Cost of revenue−$133.06B75.7%
- Gross profit$42.63B24.3%
- Operating costs−$35.13B20.0%
- Operating income$7.49B4.3%
- Interest, other & tax−$2.16B1.2%
- Net income$5.33B3.0%
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2027filed May 29, 2026Financial Statements
Q1 FY2027 against Q1 FY2026
| Line item | Q1 FY2027Q1 FY2026 | Change |
|---|---|---|
| Revenue | $175.68B$163.98B | +7.1% |
| Cost of Revenue | $133.06B$124.30B | +7.0% |
| Gross Profit | $42.63B$39.68B | +7.4% |
| SG&A Expenses | $37.20B$34.17B | +8.9% |
| Operating Income | $7.49B$7.13B | +5.0% |
| Interest Expense | $574.00M$519.00M | +10.6% |
| Net Income | $5.33B$4.49B | +18.8% |
| EPS (Basic) | $0.67$0.56 | +19.6% |
| EPS (Diluted) | $0.67$0.56 | +19.6% |
| Shares Outstanding (Basic) | 7.97B8.01B | −0.5% |
| Shares Outstanding (Diluted) | 8.00B8.05B | −0.6% |
05—Questions
Frequently Asked Questions
What was Walmart's revenue and net income performance for the quarter?
Walmart reported total revenues of $177.75 billion for the three months ended April 30, 2026, an increase of 7.3% compared to the same period last year. Consolidated net income attributable to Walmart was $5.33 billion, or $0.67 per diluted share, compared to $4.49 billion, or $0.56 per diluted share, in the prior year's quarter.
How did Walmart's different segments perform?
The Walmart U.S. segment saw a 4.5% increase in net sales to $117.17 billion, driven by strong comparable sales and eCommerce growth. The Walmart International segment reported an 18.0% increase in net sales to $35.11 billion, benefiting from international comparable sales and currency exchange rate fluctuations. Sam's Club U.S. also showed growth with a 6.1% increase in net sales to $23.41 billion.
What is the company's outlook regarding macroeconomic conditions?
Walmart anticipates continued uncertainty due to factors like tariffs, trade restrictions, inflationary trends, currency fluctuations, and shifts in macroeconomic conditions impacting consumer confidence. The company is focused on its 'everyday low prices' strategy, supported by 'everyday low costs,' to navigate these challenges.
How is Walmart investing its capital?
The company increased its capital expenditures to $6.68 billion for the quarter, with significant investments allocated to supply chain, customer-facing initiatives, technology, and store/club remodels. This reflects a strategic focus on automation, eCommerce, and enhancing its omnichannel capabilities to drive long-term growth and efficiency.
06—Continue