Walmart 2026 Q2 Earnings Strong Performance as Net Income Surges 51.8%

Walmart (WMT) reported its Q2 2026 earnings on August 20, 2025, delivering results that significantly outperformed expectations. The company beat forecasts with robust revenue and earnings growth, while its full-year guidance remained in line with prior expectations, reflecting confidence in its strategic initiatives and operational strength.

Walmart’s total revenue for the second quarter of fiscal 2026 rose 4.8% year-over-year to $175.75 billion. The U.S. segment remained the largest contributor, generating $120.91 billion, followed by Walmart International with $31.20 billion and Sam's Club contributing $23.64 billion. Additionally, membership and other income accounted for $1.65 billion, while consolidated revenue reached $177.40 billion.

Earnings for Walmart demonstrated impressive momentum, with EPS increasing by 57.1% to $0.88 in 2026 Q2 compared to $0.56 in the same period in 2025. The company’s net income surged 51.8% to $7.15 billion, up from $4.71 billion. This marks over two decades of consistent profitability, underscoring strong operational resilience and disciplined cost management.

The stock price of Walmart rose 1.40% during the latest trading day, climbed 1.56% for the week, and surged 7.21% month-to-date.

A historical analysis of Walmart’s post-earnings price action revealed a compelling trend. Investors who purchased shares following a quarterly revenue increase and held for 30 days achieved an overall return of 117.76% over the past three years—far outpacing the 53.10% benchmark return. This strategy demonstrated a compound annual growth rate of 30.82%, with no drawdown and a Sharpe ratio of 1.53, highlighting its strong risk-adjusted performance.

Walmart’s CEO, Doug McMillon, emphasized the company’s adaptability in a shifting retail landscape, pointing to strong customer traffic, e-commerce growth, and international expansion as key drivers. He noted ongoing efforts to navigate inflation and supply chain challenges through technology and workforce development, while staying committed to everyday low pricing and customer value.

Walmart provided full-year 2026 guidance, projecting EPS between $3.75 and $3.90 and revenue between $575 billion and $580 billion. The company plans to maintain capital expenditures of $8 billion to $9 billion, primarily for store remodels, e-commerce infrastructure, and international growth. Walmart continues to focus on inventory optimization, customer experience, and cost management to support long-term profitability.

In the three weeks following the earnings report, Walmart announced a $2 billion share repurchase program, expanding its commitment to returning value to shareholders. Additionally, the company inked a strategic partnership with a leading logistics firm to enhance its U.S. supply chain capabilities. No major executive changes were reported during this period.