Walmart Inc (WMT.SW) Q1 2026 Earnings Report

Walmart’s QQ1 2026 results show modest top-line growth alongside ongoing margin pressures, a common trait across large-scale omni-channel retailers navigating cost inflation and aggressive promotional environments. Revenue reached 165.609 billion USD, up 2.54% year over year but down 8.28% quarter over quarter, signaling seasonality and mix dynamics as price investments and promotions continue to influence quarterly performance. Gross profits stood at 41.306 billion USD with a gross margin of approximately 24.94%, while operating income was 7.135 billion USD (operating margin ~4.31%). Net income amounted to 4.487 billion USD, translating to a net margin near 2.71% and EPS of 0.56 USD. The quarter delivered solid cash flow through operating activities of 5.411 billion USD and free cash flow of 0.425 billion USD, supporting a disciplined capital return framework despite a sizable balance sheet with total debt of 67.21 billion USD and net debt of 57.89 billion USD.