Filing Flows › Walmart (WMT) › Q1 FY27 › vs Q4 FY26
Walmart (WMT) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Walmart's revenue fell $12.9B (-7%) from $190.7B in Q4 FY26 to $177.8B in Q1 FY27. Operating margin 4.2% against 4.6% (-0.4 pts).
Walmart, Q1 FY27: revenue $177.8B (+7% year over year), operating margin 4.2%, net earnings $5.5B, operating cash flow $4.7B. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Operating margin | 4.2% | 4.6% | -0.4 pts |
| Net margin | 3.1% | 2.3% | +0.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $177.8B | $190.7B | −$12.9B | -7% |
| Operating profit | $7.5B | $8.7B | −$1.2B | -14% |
| Costs & expenses | $170.3B | $181.9B | −$11.7B | -6% |
| Pre-tax earnings | $7.1B | $6.0B | $1.2B | +20% |
| Cost of revenue | $133.1B | $143.6B | −$10.6B | -7% |
| SG&A | $37.2B | $38.3B | −$1.1B | -3% |
| Net earnings | $5.5B | $4.4B | $1.1B | +25% |
| Income tax | $1.7B | $1.6B | $80.0M | +5% |
| Depreciation & amortization | $3.8B | $3.7B | $80.0M | +2% |
| Working capital & other | $4.6B | −$6.0B | $10.6B | — |
| Operating cash flow | $4.7B | $14.1B | −$9.4B | -66% |
| Capital expenditures | $6.7B | $8.0B | −$1.3B | -17% |
| Negative free cash flow (OCF − capex) | $1.9B | −$6.1B | $8.0B | — |
Questions
How much did Walmart's revenue grow quarter over quarter in Q1 FY27?
Walmart's revenue fell $12.9B (-7%) from $190.7B in Q4 FY26 to $177.8B in Q1 FY27. Operating margin 4.2% against 4.6% (-0.4 pts).