Walmart 2026 Q3 Earnings Net Income Surges 29.1% to $6.09 Billion

Walmart (WMT) delivered robust Q3 2026 results, with earnings and revenue surpassing expectations. The company raised its full-year guidance, reflecting confidence in sustained demand and operational efficiency.

Revenue

Walmart’s total revenue surged to $179.5 billion in Q3 2026, a 5.8% year-over-year increase. The U.S. segment led with $120.68 billion, driven by strong in-store and e-commerce performance. International operations contributed $33.54 billion, while Sam’s Club added $23.55 billion. Membership and other income reached $1.73 billion, though corporate and support revenue remained at $0. The consolidated total underscored diversified growth across core businesses.

Earnings/Net Income

Earnings per share (EPS) jumped 35.1% to $0.77, outpacing the prior year’s $0.57. Net income soared to $6.09 billion, a 29.1% rise from $4.71 billion, reflecting disciplined cost management and pricing strategies. Walmart’s ability to maintain profitability for over two decades highlights its operational resilience.

Price Action

WMT shares gained 1.70% in the latest session, 6.93% weekly, and 13.08% month-to-date, reflecting investor optimism.

Post-Earnings Price Action Review

A 30-day holding strategy after earnings beats yielded a 170.18% return, outperforming the benchmark’s 137.15%. With a Sharpe ratio of 0.90 and zero maximum drawdown, the strategy demonstrated strong risk-adjusted returns while capturing momentum.

CEO Commentary

CEO Doug McMillon attributed success to customer trust and cost discipline, noting challenges like inflation and shifting consumer behavior. Strategic priorities include digital expansion, in-store enhancements, and sustainability, with a cautiously optimistic outlook for long-term resilience.

Guidance

Walmart guided to full-year 2026 revenue growth of 3% or more, aligning with its confidence in market positioning and execution.

Additional News

1. C-Level Sales Activity: CEO Doug McMillon sold $2.1 million of shares via a prearranged 10b5-1 plan, while CFO John Rainey sold $244,700. These transactions reflect standard insider trading practices.

2. Shareholder Activity: Crw 2024 Wmt Grat filed to sell 275,000 restricted shares via Goldman Sachs, signaling potential liquidity shifts.

3. Analyst Upgrades: UBS raised WMT’s price target to $130 (13.63% above current price), citing strong digital/e-commerce growth and Black Friday performance. DA Davidson and Truist also raised targets, emphasizing U.S. sales and international momentum.