Walmart — Nov 19, 2025 release

comp sales 2 up 4.5%, with strength across categories. For fiscal year 2026, the Company raises outlook for growth in net sales to 4.8% to 5.1% and adjusted operating income to 4.8% to 5.5%, both in constant currency (“cc”) 1 . Adjusted EPS 1 is expected to be $2.58 to $2.63, including a currency headwind of $0.01 to $0.02. The team delivered another strong quarter across the business. eCommerce was a bright spot again this quarter. We’re gaining market share, improving delivery speed, and managing inventory well. We’re well-positioned for a strong finish to the year and beyond that, thanks to our associates. It’s been an honor to serve them as CEO, and I’m as excited about the future of this company as I’ve ever been. John Furner is a fantastic leader with a proven track record. I couldn’t be happier for him and for Walmart.” Doug McMillon President and CEO, Walmart Third Quarter Highlights • Revenue of $179.5 billion, up 5.8%, or 6.0% (cc) 1 • Global eCommerce sales grew 27%, led by store-fulfilled pickup & delivery and marketplace • Global advertising business 3 up 53%, including VIZIO; Walmart Connect in the U.S. up 33% • Membership and other income up 9.0%, including 16.7% growth in membership income • Gross margin rate up 2 bps, led by Walmart U.S, partially offset by International due to the timing of Flipkart's Big Billion Days event • Operating income decreased 0.2%, primarily due to a non-cash share-based compensation charge at PhonePe in an