Walmart Inc. (WMT) Announced Q4 2026 Earnings on February 19, 2026, reporting "sales exceeding $700 billion for the first time"

For the fourth quarter, management reported that "revenue was up 4.9% in constant currency," and "adjusted operating income grew even faster at 10.5%". For the full year, the company noted "adding $35 billion in revenue, with sales exceeding $700 billion for the first time". Full year "operating cash flow of $42 billion" and "growth in free cash flow of 18% in FY '26" were also reported. Additionally, the company ended the quarter with "inventory up 2.6%".

Key business updates included that "eCommerce sales were strong across markets, with growth up 24%" for the quarter. In Walmart U.S., "eCommerce sales grew 27%, with 35% of store-fulfilled orders delivered in under 3 hours". Management also observed that "Our advertising businesses globally increased 37%" and "Consolidated membership income increased more than 15%". The company noted "share gains in GM, and in fashion".

On the product and partnership front, management discussed "enhancing our shopping assistance, like Sparky, and building new experiences with partners like OpenAI and Alphabet that are shaping the future of agentic commerce". Customers engaging with Sparky saw "an average order value that's about 35% higher". The Board also "authorized a $30 billion share repurchase program, our largest to date".

For the full year, forward guidance states "constant currency sales are expected to grow between 3.5% and 4.5%" and "operating income is expected to grow between 6% and 8%, with EPS in the range of $2.75 to $2.85". For Q1, expectations are for "constant currency growth in sales of 3.5% to 4.5% and operating income of 4% to 6%, with EPS of $0.63 to $0.65"