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Walmart Inc

Walmart Inc Q4 2026 Earnings Analysis

Reported on 2026-03-13 / Fiscal Quarter Q4 2026
Revenue Up YoY Sequential Improvement Margin Under Pressure EPS Below Prior Year Mixed Quarter
Walmart Inc reported Q4 2026 results with relatively stable operating performance.

Revenue grew 5.6% year over year and rose 6.2% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.

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Source: Company filings / processed earnings data
Revenue
$190.7B
YoY: 5.595%
QoQ: 6.2174%
Net Income
$4.2B
YoY: -19.3567%
QoQ: -31.03%
EPS (Diluted)
$0.53
YoY: -18.46%
Net Margin
2.2%
YoY: -0.69 pts
QoQ: -1.2 pts
Gross Margin
24.7%
Operating Margin
4.6%
Growth

Revenue trend

Revenue growth stayed positive, supporting a healthier topline trend.

Profitability

Margin and earnings quality

Margins deteriorated from last quarter, indicating weaker profit conversion.

Investor Focus

What matters next

Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Walmart Inc reported $190.7B in revenue for Q4 2026, up 5.6% YoY and up 6.2% QoQ. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Quarter $190.7B
Previous Quarter $179.5B
Same Quarter Last Year $180.6B
YoY Change +5.6%
QoQ Change +6.2%

Profitability Analysis

Net income came in at $4.2B, down 19.4% YoY and down 31% QoQ. Net margin was 2.2%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $4.2B
EPS $0.53
Net Margin 2.2%
QoQ Margin Change -1.2 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Walmart Inc's revenue in Q4 2026?

Walmart Inc reported revenue of $190.7B in Q4 2026.

What was Walmart Inc's net income in Q4 2026?

Walmart Inc reported net income of $4.2B in Q4 2026.

How did Walmart Inc's revenue change year over year?

Walmart Inc's revenue increased by 5.6% year over year in Q4 2026.

What was Walmart Inc's net margin in Q4 2026?

Walmart Inc's net margin was 2.2% in Q4 2026.

Related
Walmart Inc Q3 2026 Earnings

Compare this quarter with the previous earnings report.

Related
Walmart Inc Company Overview

Explore company profile, industry, and historical context.

Related
Walmart Inc Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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