Walmart has reported solid financial results for the third quarter of fiscal year 2026 driven by strong e-commerce growth and improved performance across its business segments.
The company released its earnings report on November 20, 2025, detailing steady momentum ahead of the holiday season.In the third quarter, Walmart generated revenue of US$179.5 billion, an increase of 5.8% compared to the same period last year.
Revenue rose 6.0% on a constant-currency basis. The company said its growth was supported by strong consumer demand, improved availability across categories and continued strength in its grocery and health segments.
Walmart’s U.S. operations delivered steady gains, with comparable sales excluding fuel rising 4.5%. The retailer reported that customer traffic increased and average ticket values remained stable, signaling sustained consumer interest despite broader economic pressures.
The company also noted solid performance in international markets, with Mexico, China and Canada contributing to the quarter’s growth.
E-commerce remained one of Walmart’s strongest drivers. Global online sales grew 27%, marking the seventh consecutive quarter of online growth above 20%.
The company said demand continues to rise for convenience-focused services, including pickup, delivery and marketplace orders. Walmart’s membership and advertising businesses also expanded, with membership income increasing 16.7% and global advertising revenue strengthening across all markets.
Profitability metrics remained stable. Walmart reported GAAP earnings per share of US$0.77, while adjusted EPS stood at US$0.62. The company also highlighted improvement in inventory levels and noted that operating discipline, cost controls and efficiency initiatives supported results.
With its strong third-quarter performance, Walmart has raised its full-year fiscal 2026 guidance. The company now expects net sales growth between 4.8 and 5.1% on a constant-currency basis. Adjusted operating income is projected to grow between 4.8 and 5.5% while adjusted earnings per share are forecast in the range of US$2.58 to US$2.63.
Walmart said it remains focused on value, convenience and digital transformation as it prepares for the final quarter of the fiscal year. The retailer expects continued momentum into the holiday period, supported by competitive pricing, broad product assortment and further growth in its omnichannel services.
As one of the world’s largest retailers, Walmart’s performance is widely seen as an indicator of consumer spending patterns and shifts in the global retail landscape.
The company emphasized that its investments in technology, supply chain and customer experience will continue to shape its long-term strategy.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
