Walmart reports Record FY2026 growth driven by eCommerce Surge and High-Income Gains

Walmart Inc. delivered a robust financial performance for the fourth quarter of fiscal 2026, characterized by a significant "beat and raise" that surpassed analyst expectations across key metrics.

Hence, the company reported total revenue of $190.7 billion, a 5.6% increase year-over-year, alongside an adjusted earnings per share of $0.74, which notably outpaced the consensus estimate of $0.73.

This growth was largely propelled by a record-breaking holiday season and a 24% surge in global eCommerce sales, which now account for nearly a quarter of the company's total net sales.

Furthermore, Walmart continued to expand its market share among higher-income households while scaling high-margin revenue streams, such as its global advertising business, which grew by 37%.

Despite these strong historical results, the company provided a measured outlook for fiscal 2027, projecting net sales growth between 3.5% and 4.5% as it navigates a complex macroeconomic environment involving potential tariff volatility and shifting consumer spending habits. In a strong signal of confidence in its long-term cash flow, Walmart also authorized a new $30 billion share repurchase program and increased its annual dividend for the 53rd consecutive year.

Benedetta Zimone