Walmart Inc. Q2 FY26 Results — Earnings Call Analysis
Published 29 May 2026 | Consumer Staples Distribution and Retail | Market Cap: ₹9.5L Cr
- Walmart expects full-year constant currency sales growth between 3.5% and 4.5%, with Q1 at 5.7% and Q2 outlook of 4% to 5%, aiming toward the upper end of the range. - Walmart reiterates full-year guidance of constant currency sales growth between 3.5% and 4.5%, expecting to be toward the upper end based on Q1 performance and Q2 outlook.
From Walmart Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.
Price
₹118.9
Market Cap
₹9.5L Cr
P/E Ratio
41.8
Revenue Rank
Margin Rank
How does Walmart Inc. rank in Consumer Staples Distribution and Retail?
Compare Walmart Inc. against every Consumer Staples Distribution and Retail company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 4- →Walmart expects full-year constant currency sales growth between 3.5% and 4.5%, with Q1 at 5.7% and Q2 outlook of 4% to 5%, aiming toward the upper end of the range.
- →E-commerce is growing strongly at 26% globally, fueled by faster delivery and expanded omnichannel capabilities.
- →Marketplace sales surged nearly 50% in Walmart U.S., with expanding seller counts and assortment contributing to momentum.
- →Advertising revenues grew 37% globally, supported by Walmart’s growing marketplace ecosystem.
- →Membership fees increased over 17%, benefiting from increased engagement and fuel savings value.
- →Faster delivery (30 minutes or less to 60% of U.S. population, 13-minute avg in India) is accelerating order volumes and customer satisfaction.
- →General merchandise shows mid-single-digit growth, with highest share gains in 5 years, supported by assortment expansion.
- →They anticipate continued acceleration in operating income and sales growth through the second half of the year despite economic pressures.
📈 Profitability & Margins
Rank 3- →Walmart reiterates full-year guidance of constant currency sales growth between 3.5% and 4.5%, expecting to be toward the upper end based on Q1 performance and Q2 outlook.
- →Q2 operating income growth is guided at 7% to 10% (currency-neutral), with full-year operating income growth expected between 6% and 8%.
- →EPS guidance for Q2 is $0.72 to $0.74, with full-year EPS in the range of $2.75 to $2.85.
- →Strong momentum in higher-margin businesses (advertising, membership, marketplace) is expected to accelerate earnings growth.
- →Despite short-term pressures like higher fuel prices, Walmart expects profitability to improve in the second half of FY27.
- →Incremental margins remain solid, with U.S. eCommerce incremental margins around 12% in Q1.
- →Long-term goal: measured operating income growth of approximately 4% to 8% annually, driven by top-line growth and margin expansion.
🏗️ Capital Expenditure Plans
Yes- →Continued investments in automation across fulfillment centers and regional distribution centers; about halfway through implementation with more investments coming (Page 11).
- →Investments in data and AI to power faster decision-making and improve supply chain efficiency (Page 11).
- →Expansion of fast delivery capabilities, reaching 60% of U.S. population for 30-minute delivery or less, with plans to continue rollout (Pages 11, 14).
- →Development and scaling of eCommerce platforms and marketplace capabilities, including cross-border marketplace expansion in North America (Pages 5, 11).
- →Growing fulfillment services such as Walmart Fulfillment Services, supporting 150% increase in same-day/next-day units sold (Page 11).
- →Focused investments in merchandising, pricing (including rollbacks), and customer experience to strengthen value proposition and gain share (Pages 8, 9, 11).
- →Ongoing expansion of drone delivery program across multiple states (Page 11).
💰 Fundraising & Capital Structure
No information📋 Order Book & Pipeline
No informationKey Metrics
Revenue
Margin
Capex
Fundraise
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Frequently Asked Questions
What were Walmart Inc. Q2 FY26 results?
- Walmart expects full-year constant currency sales growth between 3.5% and 4.5%, with Q1 at 5.7% and Q2 outlook of 4% to 5%, aiming toward the upper end of the range. - Walmart reiterates full-year guidance of constant currency sales growth between 3.5% and 4.5%, expecting to be toward the upper end based on Q1 performance and Q2 outlook.
What is Walmart Inc. share price analysis?
Walmart Inc. currently shows a neutral. The stock trades at a P/E of 41.8 with a market cap of $947,919. Investors should review the full earnings analysis for detailed insights.
Is Walmart Inc. planning capital expenditure?
- Continued investments in automation across fulfillment centers and regional distribution centers; about halfway through implementation with more investments coming (Page 11). - Investments in data and AI to power faster decision-making and improve supply chain efficiency (Page 11). - Expansion of fast delivery capabilities, reaching 60% of U.S.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.