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Walmart (WMT) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 13, 2026
Walmart (WMT) reported revenue of $190.7B for the fourth quarter fiscal 2026 (Q4 FY26), +6% from a year earlier and +6% from the quarter before. Operating margin was 4.6%, net earnings $4.4B (2.3% of revenue).
Walmart, Q4 FY26: revenue $190.7B (+6% year over year), operating margin 4.6%, net earnings $4.4B, operating cash flow $14.1B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $190.7B | +6% | +6% |
| Operating profit | $8.7B | +30% | +11% |
| Net earnings | $4.4B | -28% | -19% |
| Operating cash flow | $14.1B | +55% | +4% |
| Free cash flow | $6.1B | +224% | -5% |
What changed
Revenue was $190.7B in Q4 FY26, up 6% year over year and up 6% from the previous quarter.
Operating profit was $8.7B, a 4.6% margin (up 0.2 points year over year). Of the extra revenue versus Q4 FY25, 8% reached operating profit, above the 4% margin then. Total costs grew 5% against revenue growth of 6%. Net earnings were $4.2B, down 19% year over year. The effective tax rate was 26.4%.
Operating cash flow was $14.1B (up 4% year over year), 321% of net income including minority interests. Non-cash charges added back $3.7B of depreciation and amortization. Working capital and other items added $6.0B. Capital expenditures of $8.0B left free cash flow of $6.1B.
Questions
What was Walmart's revenue in the fourth quarter fiscal 2026?
Walmart (WMT) reported revenue of $190.7B for the fourth quarter fiscal 2026 (Q4 FY26), +6% from a year earlier and +6% from the quarter before.
Was Walmart profitable in the fourth quarter fiscal 2026?
Operating profit was $8.7B (4.6% of revenue) and net earnings $4.4B.
Source: Walmart 10-K on SEC EDGAR.