WMT · 10-Q · 2026Q3 · Full report

Tariff Refunds and Price Investment

Walmart Inc. · 2026-08-28 · Importance 53 · Surprise 60

Walmart received approximately $2.9 billion of tariff refunds during the quarter ended July 31, 2026 through the U.S. Customs and Border Protection refund process. The refunds were recorded as a reduction to cost of sales and represented substantially all of the amounts requested. Walmart invested a significant portion of the refunds in customer-focused initiatives, primarily price investment and other cost-mitigation strategies. The company expects to continue prioritizing price investment through fiscal 2027.

Key facts

• During the quarter ended July 31, 2026, the Company received approximately $2.9 billion in tariff refunds pursuant to the CBP process. source
• A significant portion of the $2.9 billion in tariff refunds was invested into customer-focused initiatives during the current quarter, primarily through price investment and other cost mitigation strategies. source