"The momentum you’ve been building with our customers and members continues. Thank you for all you’re doing to serve them so well."
— Doug McMillon, President and CEO
Q1 FY26 Earnings Results
May 15, 2025
Message from Doug
Walmart Inc.
Total revenues for the quarter were $165.6 billion.
Walmart U.S.
Comp sales grew 4.5%**, excluding fuel. eCommerce grew 22% YoY, driving comp sales
Walmart International
Net sales grew 7.8% (constant currency*) led by Flipkart, Walmex and China.
Sam's Club
Comp sales grew 6.7%**, excluding fuel.
Global Advertising***
Grew 50%, with Walmart Connect up 31% in the U.S.
Global eCommerce
Grew 22%, led by store fulfilled pickup & delivery.
*Constant Currency is a non-GAAP measure. For additional information regarding non-GAAP financial measures, click here.
**Comp sales for the 13-week period ended May 2, 2025 compared to the 13-week period ended May 3, 2024 and excludes fuel. See Supplemental Financial Information for additional information.
***Our global advertising business is recorded either in net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement.
Earnings on Social
Message from John David Rainey, Chief Financial Officer
Innovating how we serve
At our Investment Community Meeting, we laid out plans to transform retail through tech, access, and smarter experiences coast to coast.
A blueprint for the future
At our new Cypress, Texas, Supercenter, associates are bringing next-gen shopping to life.
Still building on Mr. Sam’s vision
Through Grow With US, we’re helping American small businesses grow — one big idea at a time.
Cracking the code on Easter value.
From low prices to fast pickup, we helped families hop into the holiday hassle-free
