Walmart Q4 EPS Tops Estimates; Guides FY27 EPS $2.75–$2.85 on 5.6% Sales Rise
Walmart posted Q4 adjusted EPS of $0.74 versus $0.73 estimated and revenue of $190.7 billion, up 5.6% year-over-year with US comps rising 4.6% driven by 27% ecommerce growth. It guided Q1 revenue growth of 3.5%–4.5% and FY27 EPS of $2.75–$2.85, below Street forecasts.
1. Q4 Earnings and Revenue Growth
Walmart reported adjusted Q4 FY26 EPS of $0.74 versus $0.73 expected and revenue of $190.7 billion, representing a 5.6% year-over-year increase. US same-store sales grew 4.6%, bolstered by a 27% surge in ecommerce, higher ticket sizes and a 2.6% rise in transaction counts.
2. Fiscal Year 2026 Results
For fiscal year 2026, Walmart generated $715.9 billion in revenue, edging past the $713 billion consensus, and delivered adjusted EPS of $2.64, one cent above forecasts. Operating income increased over 10% year-over-year, reflecting margin improvements across the business.
3. Guidance for FY27 and Q1
The company set FY27 revenue growth at 3.5%–4.5% and adjusted EPS at $2.75–$2.85, versus Street expectations near 5% growth and $2.97 EPS. First-quarter guidance calls for 3.5%–4.5% revenue growth and $0.63–$0.65 EPS, undershooting the earlier $0.69 forecast.
4. Financial Position and Shareholder Returns
Walmart ended the quarter with $10.7 billion in cash and $51.5 billion in debt, generating $41.6 billion in operating cash flow and $14.9 billion in free cash flow over the year. The board increased the annual dividend by 5% to $0.99 per share, repurchased $1.1 billion of stock and authorized a new $30 billion buyback program.