Walmart Q4 FY26 Revenue Up 5.6% to $190.7B; Operating Income Up 10.8%

Walmart’s fourth-quarter results showed revenue of $190.7 billion, a 5.6% year-over-year increase, and operating income that rose 10.8%, the company said in its Feb. 19 earnings release from Bentonville, Ark. The quarter produced GAAP earnings per share of $0.53 and adjusted EPS of $0.74, and corporate materials highlighted a 13 basis-point improvement in gross margin led by Walmart U.S.

Digital momentum underpinned the quarter. Global eCommerce sales grew 24%, the company reported, and corporate slides show Walmart U.S. eCommerce up 27% with the quarter marking the eighth consecutive quarter that U.S. eCommerce growth exceeded 20%. Walmart’s global advertising business expanded 37% overall, with Walmart Connect in the U.S. up 41%, while membership fee revenue climbed 15.1% globally, a gain corporate materials attributed in part to Sam’s Club China growth.

On the U.S. store side, Walmart U.S. net sales reached $129.2 billion in Q4 FY26, up from $123.5 billion a year earlier, a $5.7 billion increase and a 4.6% comparable-sales gain excluding fuel. Transactions rose 2.6% for the quarter. Corporate commentary and the press table pointed to store-fulfilled pickup and delivery and marketplace growth as drivers of the eCommerce strength.

The company tied operational improvements to continued investment in automation. Corporate materials stated that supply-chain automation is delivering “better unit productivity and lower cost to serve,” and that labor productivity is improving from tech-powered enhancements. Allyson Park, in an employee LinkedIn post, framed the results around associates: “But what’s really behind these numbers are people. All associates who work for Walmart and our relentless focus on serving customers and members at speed.”

Walmart also announced a new $30 billion share repurchase authorization and provided FY27 guidance calling for net sales growth of 3.5% to 4.5% in constant currency and adjusted operating income growth of 6.0% to 8.0% in constant currency. Stocktitan reported FY27 adjusted EPS guidance of $2.75 to $2.85. The company cautioned that forward-looking statements reflect expectations as of Feb. 19, 2026 and are subject to substantial uncertainty from factors including foreign currency, economic and geopolitical conditions; the guidance is provided on a non-GAAP basis because certain GAAP elements, such as changes in fair value of equity investments, cannot be predicted.

President and CEO John Furner framed the results as proof of strategy and pace: “The pace of change in retail is accelerating. It’s exciting. And our financial results show that we’re not only embracing this change, we’re leading it. For our customers and members, the future is fast, convenient, and personalized.”