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Walmart (WMT) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 28, 2026
Walmart (WMT) reported revenue of $187.9B for the second quarter fiscal 2027 (Q2 FY27), +6% from a year earlier and +6% from the quarter before. Operating margin was 5.0%, net earnings $6.5B (3.5% of revenue).
Walmart, Q2 FY27: revenue $187.9B (+6% year over year), operating margin 5.0%, net earnings $6.5B, operating cash flow $15.0B. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187.9B | +6% | +6% |
| Operating profit | $9.4B | +25% | +29% |
| Net earnings | $6.5B | +19% | -9% |
| Operating cash flow | $15.0B | +216% | +16% |
| Free cash flow | $7.5B | — | +15% |
What changed
Revenue was $187.9B in Q2 FY27, up 6% year over year and up 6% from the previous quarter.
Operating profit was $9.4B, a 5.0% margin (up 0.9 points year over year). Of the extra revenue versus Q2 FY26, 20% reached operating profit, above the 4% margin then. Total costs grew 5% against revenue growth of 6%. Net earnings were $6.4B, down 9% year over year. The effective tax rate was 18.5%.
Operating cash flow was $15.0B (up 16% year over year), 229% of net income including minority interests. Non-cash charges added back $3.9B of depreciation and amortization. Working capital and other items added $4.5B. Capital expenditures of $7.5B left free cash flow of $7.5B.
Questions
What was Walmart's revenue in the second quarter fiscal 2027?
Walmart (WMT) reported revenue of $187.9B for the second quarter fiscal 2027 (Q2 FY27), +6% from a year earlier and +6% from the quarter before.
Was Walmart profitable in the second quarter fiscal 2027?
Operating profit was $9.4B (5.0% of revenue) and net earnings $6.5B.
Source: Walmart 10-Q on SEC EDGAR.