Walmart 2026 Q3 Earnings Beats Expectations with 29.1% Net Income Growth

Walmart (WMT) reported fiscal 2026 Q3 earnings on November 20, 2025, delivering results that exceeded expectations. The company’s revenue rose 5.8% year-over-year, and its guidance for the quarter aligned precisely with actual performance, reflecting disciplined execution.

Revenue

Walmart U.S. led with $120.68 billion in revenue, while Walmart International contributed $33.54 billion. Membership and other income added $1.73 billion, and Sam’s Club generated $23.55 billion. Corporate and support segments reported $0 in revenue. Consolidated revenue totaled $179.50 billion, driven by strong omnichannel retail and healthcare services demand.

Earnings/Net Income

Walmart’s EPS surged 35.1% to $0.77, while net income grew 29.1% to $6.09 billion. The company has maintained profitability for over 20 years, demonstrating operational resilience. Walmart’s 35.1% EPS growth and 29.1% net income increase highlight robust profitability and operational resilience.

Post-Earnings Price Action Review

The strategy of purchasing WMT shares following earnings beats and holding for 30 days yielded a 170.18% return, outperforming the 137.15% benchmark. This approach demonstrated a Sharpe ratio of 0.90, indicating solid risk-adjusted returns, with a maximum drawdown of 0.00%, showcasing effective risk management. The 30-day holding period allowed for volatility to stabilize while capturing positive momentum from the earnings results.

CEO Commentary

CEO Doug McMillon emphasized strategic investments in AI-driven inventory management and low-cost pharmacy expansion to counter supply chain and inflationary challenges. He expressed cautious optimism about Walmart’s ability to outperform in a competitive retail landscape.

Guidance

Walmart reaffirmed Q3 2026 guidance, aligning with reported results. The company prioritizes CAPEX for digital infrastructure and store modernization while navigating inflation through pricing strategies and cost controls.

Additional News

Stock Milestone: Walmart shares hit an all-time high of $114.17 on Dec 4, 2025, reflecting a 20.83% year-to-date gain. Analysts cited strong U.S. sales and international growth as key drivers.

CEO Sale: CEO Doug McMillon sold 19,416 shares via a prearranged 10b5-1 trading plan, valued at $2.1 million.

Shareholder Filing: Crw 2024 Wmt Grat filed to sell 275,000 restricted shares through Goldman Sachs, as permitted under SEC rules.

Price Action

WMT shares rose 1.70% in the latest session, 6.93% weekly, and 13.08% month-to-date, signaling investor confidence in the company’s strategic direction.