Walmart Sees FY26 Revenue Growth of 4.7% and Launches $30bn Buyback
Walmart reported FY26 revenue of $713.16bn, up 4.7%, net income of $21.89bn, up 12.6%, diluted EPS of $2.73 and raised its annual dividend to $0.94. The company authorized a new $30bn share repurchase program and Q4 revenue rose 5.6% to $190.65bn despite net income dropping 19.4% to $4.23bn.
1. FY26 Financial Performance
Walmart delivered FY26 revenue of $713.16bn, a 4.7% increase driven by net sales of $706.41bn and membership income of $6.75bn. Net income grew 12.6% to $21.89bn, diluted EPS rose to $2.73, and operating income edged up 1.6% to $29.82bn with a 13-basis-point gross margin improvement.
2. Q4 Results
For the quarter ended January 31, total revenue reached $190.65bn, up 5.6% year-over-year, with net sales of $188.91bn and membership and other income at $1.74bn. Operating income climbed 10.8% to $8.70bn, while consolidated net income fell 19.4% to $4.23bn on higher costs; global e-commerce sales surged 24% and advertising revenue jumped 37%.
3. Capital Returns and Outlook
The board approved a $30bn share repurchase program and raised the annual dividend 13.3% to $0.94 per share, marking 53 consecutive years of increases. Management expects Q1 FY27 constant-currency net sales growth of 3.5–4.5%, operating income growth of 4–6%, and adjusted EPS of $0.63–$0.65.