WMT · 10-Q · 2026Q2 · Full report

Geographic Revenue Shift

Walmart Inc. · 2026-05-29 · Importance 42 · Surprise 40

Walmart International net sales increased $5.4 billion or 18.0% for the three months ended April 30, 2026, driven by positive comparable sales across international markets, including strong eCommerce growth of $2.0 billion and favorable currency fluctuations of $2.3 billion. Gross profit rate in International was flat as improved eCommerce margins and business mix shifts offset format mix shifts. Operating expenses as a percentage of net sales decreased due to disciplined cost controls and format mix shifts, partially offset by investments in Canada and Mexico. Operating income increased by $0.3 billion, reflecting the combined impact of sales growth, currency, and expense discipline.