Walmart reports revenue growth of 5.6%, up 4.9% in constant currency (cc)

Key Terms

gaap eps financial

GAAP EPS is the profit per share a company reports using U.S. Generally Accepted Accounting Principles, the standard rules for preparing financial statements. It shows how much net income is attributable to each share after recognized costs like operating expenses, taxes and long-term cost allocations, much like a household reporting its monthly savings after following a fixed budgeting checklist. Investors rely on GAAP EPS to compare profitability consistently across companies and reporting periods.

adjusted eps financial

Adjusted earnings per share (adjusted eps) is a measure of a company's profit per share that has been modified to exclude certain one-time or unusual items, such as costs from restructuring or asset sales. It provides a clearer picture of the company’s core performance by removing events that may distort the usual earnings. Investors use adjusted eps to better understand a company's ongoing profitability and compare it more accurately over time.

share repurchase authorization financial

A share repurchase authorization is a company's official approval to buy back its own shares from the market. This signals that the company believes its stock is a good investment and can help increase the value of remaining shares by reducing how many are available. For investors, it often suggests confidence from the company and can influence the stock’s price.

constant currency financial

Constant currency is a way of measuring financial results that removes the effects of changes in currency exchange rates. It allows for a clearer comparison of a company's performance over time by showing what the numbers would look like if exchange rates had stayed the same. This helps investors understand whether growth comes from actual business improvements or just currency fluctuations.

Operating income growing faster at 10.8%, up 10.5% adjusted (cc)

eCommerce sales up 24% globally

GAAP EPS of $0.53; Adjusted EPS of $0.74

Company announces new $30 billion share repurchase authorization

Company provides outlook for Q1 and FY27

BENTONVILLE, Ark.--(BUSINESS WIRE)-- Walmart Inc. (Nasdaq: WMT):

Fourth Quarter Highlights:

• Revenue of $190.7 billion, up 5.6%, or 4.9% (cc)
• Global eCommerce sales grew 24%, led by store-fulfilled pickup & delivery and marketplace
• Global advertising business up 37%, including VIZIO; Walmart Connect in the U.S. up 41%
• Membership fee revenue grew 15.1% globally
• Gross margin rate up 13 bps, led by Walmart U.S.
• Operating income up $0.8 billion, or 10.8% up 10.5% adjusted (cc), growing faster than sales
• Adjusted EPS of $0.74 excludes the impact, net of tax, from a net loss of $0.21 on equity and other investments

The company will hold a live conference call with the Investment Community at 7 a.m. CST Thursday, February 19th, 2026, to discuss the company’s fourth quarter earnings results for fiscal year 2026. The event will be webcast live and is accessible by visiting https://corporate.walmart.com/news/events and selecting the Fourth Quarter Earnings Release event. The webcast will be archived and available on the company website.

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 approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X at x.com/walmart, and on LinkedIn at linkedin.com/company/Walmart.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260218203787/en/

Investor Relations Contacts

Steph Wissink

Senior Vice President, Investor Relations

ir@walmart.com

Kary Brunner

Sr. Director, Investor Relations

Media Relations Contact

Jennifer Rodriguez

Vice President, Walmart Inc. Communications

Press@walmart.com

Source: Walmart Inc.