Walmart — Feb 19, 2026 release

First quarter The Company’s first quarter fiscal 2027 guidance is based on the following Q1 FY26 figures: Net sales: $164.0 billion, operating income: $7.1 billion, and adjusted EPS 1 : $0.61. Consolidated metric Q1 FY27 Net sales (cc) Increase 3.5% to 4.5% Operating income (cc) Increase 4.0% to 6.0% Adjusted EPS $0.63 to $0.65 Fiscal year 2027 The Company’s fiscal year guidance is based on the following FY26 figures: Net sales: $706.4 billion, adjusted operating income 2 : $31.0 billion, and adjusted EPS 2 : $2.64. Consolidated metric FY27 Net sales (cc) Increase 3.5% to 4.5% Adj. operating income (cc) Increase 6.0% to 8.0% Interest, net Increase approximately $200M to $300M Effective tax rate Approximately 23.5% to 24.5% Adjusted EPS $2.75 to $2.85 Capital expenditures Approximately 3.5% of net sales 1 For relevant non-GAAP reconciliations, see Q1 FY26 earnings release furnished on Form 8-K on May 15, 2025. 2 See additional information at the end of this release regarding non-GAAP financial measures. cc - constant currency 5 About Walmart Walmart Inc. (Nasdaq: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 280 million customers and members visit more than 10,900 stores and numerous eCommerce websites in 19 countries. With fiscal year 2026 revenue of $713 billion, Walmart employs a