Walmart Q1 Revenue Up 7.3% to $177.8bn; E-Commerce Sales Surge 26%
WMT•Walmart's Q1 FY27 revenue rose 7.3% to $177.75bn, driven by 26% e-commerce growth and a 27% surge in membership income to $2.06bn. Operating income rose 5% to $7.49bn, net income climbed 18.8% to $5.33bn, and fiscal 2027 guidance calls for 3.5%-4.5% net sales growth and 6%-8% adjusted operating income gains.
1. Strong Q1 Financial Results
Walmart reported Q1 FY27 revenue of $177.75bn, up 7.3% year-over-year, with net sales rising 7.1% to $175.68bn and membership income climbing 27% to $2.06bn. Operating income increased 5% to $7.49bn despite a 250-basis-point headwind from higher fuel costs, while net income grew 18.8% to $5.33bn.
2. Segment Performance Details
Global e-commerce sales surged 26%, with US online revenue up 26% driven by store-fulfilled delivery and marketplace operations and Sam’s Club US e-commerce advancing 23%. Walmart US net sales rose 4.5% to $117.2bn, excluding fuel comps increased 4.1%, and international net sales grew 18% to $35.1bn, including a $2.3bn currency tailwind.
3. Forward Guidance
For Q2 FY27, Walmart projects constant currency net sales growth of 4% to 5% and adjusted operating income expansion of 7% to 10%. The company maintained its full-year outlook of 3.5% to 4.5% net sales growth and 6% to 8% adjusted operating income growth, excluding any impact from tariff refunds.
