Walmart Releases Q2 FY27 Earnings
We are delivering on our strategy, powered by speed and scale.
We drove strong sales globally, led by digital. We’re growing faster, strengthening the economics of the business, and building a Walmart that’s even more durable for the future.
Building
customer trust
Delivering value and convenience to customers and members through our omnichannel strategy.
Evolving
business mix
Diversifying revenue and profit sources, while strengthening our omnichannel leadership position.
U.S. grew 43% (excluding VIZIO)
Driving
higher returns
Targeting growth investments toward areas of higher return, while managing costs through disciplined execution.
Investing
in our future
Increasing competitive advantages, innovating new customer and member experiences while deploying productivity-enabling technologies.
eCommerce sales in Walmart U.S.
Walmart U.S.
Q2 FY27 performance in Walmart U.S. reflected the strength of our strategy, with strong growth across digital and sustained eCommerce momentum. Store-fulfilled delivery increased 40% in the quarter, alongside more than 50% growth in marketplace net sales during the same period. Core merchandise categories continued to grow consistently with prior trends, with market share gains across income cohorts. Comp sales, setting aside a negative 125bps impact from Maximum Fair Pricing legislation in pharmacy, were steady with prior periods.
Sam's Club U.S.
Sam’s Club U.S. delivered solid momentum in Q2 FY27 with sales strength in key categories, increased transactions, and steady membership growth. Members leaned into speed and convenience options – demonstrated by strong eCommerce growth, including club-fulfilled delivery, along with increased adoption of Scan and Go. Membership growth reflects steady growth in member accounts and Plus membership penetration.
Walmart International
Walmart International delivered strong top-line results, with double-digit sales increases across key merchandise categories. Digital was an enabler this quarter, with digital mix up across markets. Operating income growth was driven by strong improvements in eCommerce economics led by China, India, and Canada. Membership fee revenue grew with strength in key markets. Sam’s Club China hit record highs in member counts in Q2 FY27, with strong relative performance in the Sam’s Club format in Mexico. Advertising business grew 20%, led by Flipkart Ads.
eCommerce growth
Business model getting
stronger, more durable
We continue to evolve our business mix, while building capabilities that are scalable across markets. Marketplace, fulfillment services, membership, advertising and other commerce solutions are strengthening our business and improving the economics of the company. In Q2 FY27, momentum in marketplace and fulfillment services continued, as nearly 50% of the marketplace business flowed through fulfillment services. In Q2 FY27, we expanded our marketplace platform into markets outside the U.S.
Q2 FY27 earnings resources
Related financial news
Find out more about previous earnings announcements, investments and other news from FY27.
Transforming
customer experience
Walmart opens Walmart.com to International Customers, unlocking access to hundreds of thousands of items with shipping available to Mexico. This milestone expands marketplace assortment – delivering greater convenience, value and choice to more customers around the world.
Saving members
time and money
Walmart and Sam's Club lower prices to help customers and members make the most out of summer. Lower prices on beef, grilling essentials and thousands of summer favorites help customers and members save on everything from weekly groceries to family road trips.
Expanding customer
and member choice
In service of our communities, we delivered on new ways to bring a wider assortment of items to customers’ doorsteps — quickly. Walmart added express delivery from in-store restaurants, starting with Subway.
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Constant Currency is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
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Adjusted Operating Income is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
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Our global advertising business is recorded in either net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement.
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Calculated for the trailing 12 months ended July 31, 2026. ROI is considered a non-GAAP financial measure. See additional information at the end of the release regarding non-GAAP financial measures.
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Comp sales for the 13-week period ended July 31, 2026, compared to the 13-week period ended August 1, 2025, and excludes fuel. See Supplemental Financial Information for additional information.
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Free cash flow is a non-GAAP measure. See additional information at the end of the release regarding non-GAAP financial measures.
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