Walmart — Aug 20, 2026 release

For Q3, net sales are expected to grow 3.0% to 3.75% and adjusted operating income to grow 2.0% to 4.0%. Net sales for FY27 are expected to grow 4.0% to 5.0% and adjusted operating income to grow 7.0% to 8.5%, all in constant currency (“cc”) 1 . Adjusted EPS 1 is expected to be $0.62 to $0.64 for Q3 and $2.80 to $2.87 for FY27. Our team delivered another good quarter, and we continue to make steady progress on the long-term value drivers of our business. Our multi-year growth in eCommerce is evidence that customers are choosing Walmart because we deliver price, speed, and convenience across a broad assortment. At Walmart, they can have it all.” John Furner President and CEO, Walmart Second Quarter Highlights • Revenue of $187.9 billion, up 5.9%, or 5.1% (cc) 1 • Global eCommerce sales grew 23%, led by store-fulfilled pickup & delivery and marketplace • Global advertising business 3 up 38%, with strength across segments. Walmart U.S. advertising up 38% • Membership fee revenue grew 17% globally • Gross profit rate up 96 bps, led by Walmart U.S., primarily impacted by tariff refund impacts noted below • Operating income up $2.1 billion, or 28.8%; up 17.4% adjusted (cc) 1 ; which includes the impact of tariff refunds received, partially offset by price investments in the quarter. Setting aside this net impact, underlying operating income growth was at the top end of our guidance. Our outlook reflects the continued prioritization of remaining tariff refunds into price investments • Adjusted EPS 1 o