AI-extracted from the 10-Q filed 2026-08-28 — Q2 FY2027 (quarter ended July 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Walmart Q2 revenue grew 5.9% to $187.9B, with operating income up 28.8% to $9.4B, driven by strong US comparable sales growth and $2.9B in tariff refunds.
Biggest Revenue Drivers
Walmart U.S.$125.9B+3.5% YoY
Comparable sales increased 3.3%, driven by growth in transactions and average ticket, reflecting strength in grocery.
Walmart International$35.6B+12.8% YoY
Positive comparable sales across international markets, including strong eCommerce growth of $1.6B; currency exchange rate fluctuations positively contributed $1.5B.
Biggest Revenue Drivers
Total revenue: $187.9B+5.9% YoY
Walmart U.S.$125.9B+3.5% YoY
Comparable sales increased 3.3%, driven by growth in transactions and average ticket, reflecting strength in grocery.
Walmart International$35.6B+12.8% YoY
Positive comparable sales across international markets, including strong eCommerce growth of $1.6B; currency exchange rate fluctuations positively contributed $1.5B.
Sam's Club U.S.$26.4B+8.8% YoY
Comparable sales increased 8.6% with growth in transactions and unit volumes, reflecting strength in grocery and general merchandise; higher fuel sales positively impacted by 4.2%.
Largest Expense Items
Cost of sales$138.8B+4.4% YoY
Higher fuel costs within supply chain partially offset by tariff refunds of $2.9B received in the quarter.
Operating, selling, general and administrative expenses$39.8B+6.5% YoY
Primarily driven by higher self-insured general liability claims expense, increased depreciation from capital investments, and higher associate healthcare benefit costs.
Margins: Gross profit rate increased 96 basis points to 25.4%, primarily from $2.9B tariff refunds and higher-margin advertising business growth, partially offset by price investments and fuel costs. Operating margin expanded 89 basis points to 5.0% despite higher depreciation and healthcare costs.
Watch Items from the Filing
Health and wellness segment decline in Walmart U.S. driven by maximum fair price regulation on prescription drugs effective January 2026; ongoing impact expected.
Operating expenses increasing as percentage of sales due to higher self-insured general liability claims, healthcare cost inflation, and depreciation from capital investments.
Significant tariff refund of $2.9B received in Q2, with substantial portion reinvested in price initiatives; continued price investment expected through FY2027.
eCommerce sales grew 23% YoY in Q2, driven by store-fulfilled delivery; now contributing 4.9% to Walmart U.S. comparable sales growth.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
97 transactions in WMT reported by 34 members of Congress under the STOCK Act, most recent trade Sep 28, 2026. Reported transactions, not recommendations.
About Walmart Inc. (WMT): stock profile, AI score and financials
Walmart Inc. (WMT) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores WMT at 60.1/100 on a composite quality score built from its SEC filings, placing it at rank #875 of 2,925 stocks — the top half of the AI-ranked universe. WMT scores in the top quartile across revenue scale (99.9), balance sheet strength (79.9). Areas of concern include free cash flow (32.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2027), Walmart Inc. reports quarterly revenue of $187.9B, net income of $6.4B, an operating margin of 5.0%. Top institutional holders of WMT by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. WMT trades on the Nasdaq exchange and files with the SEC under CIK 104169. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WMT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Walmart Inc. directly from SEC EDGAR.