Walmart Reports 7.3% Revenue Growth to $177.8B with 50% Marketplace Surge
Q1 net sales rose 7.3% to $177.8B, driven by 26% global e-commerce and 50% marketplace growth with advertising revenue up over 30%. AI-powered Sparky boosted average order values by 35% and 36% of U.S. store-fulfilled orders shipped in under three hours, improving operating leverage.
1. First-Quarter Financial Results
Walmart delivered net sales of $177.8 billion, up 7.3% year-over-year, while operating income increased 5% to $7.5 billion. U.S. comparable sales rose 4.1%, supported by a 3% increase in transaction count.
2. E-commerce and Marketplace Expansion
Global e-commerce sales climbed 26%, representing 23% of net sales, and U.S. marketplace revenue surged 50% year-over-year. Fulfillment services saw a 150% increase in same-day or next-day units shipped.
3. AI Integration with Sparky
Walmart's in-house AI shopping agent, Sparky, doubled its weekly active users and drove 35% higher average order values through personalized replenishment and meal planning features, enhancing customer engagement.
4. Operational Speed and Margin Resilience
The company achieved sub-three-hour delivery on 36% of U.S. store-fulfilled orders and reported a positive general merchandise mix contribution for the first time in 18 quarters. Executives cited an enterprise approach to platforms—advertising, marketplace and membership—for driving growth at lower marginal cost.