Walmart posted another strong quarter led by double-digit e-commerce growth, prompting the retailer to raise its full-year guidance for the second time.
The company reported Q3 revenues of $179.5 billion, up 5.8% year over year and ahead of Wall Street’s $177.4 billion estimate. Adjusted earnings of $0.62 also topped expectations and rose 6.9% from last year.
Comparable sales excluding fuel increased 4.5%, while U.S. transactions grew 1.8% and average ticket rose 2.7%.
CEO Doug McMillon said robust online demand and stronger spending from higher-income households drove the beat, noting Walmart saw “almost no like-for-like inflation” and a 4% drop in general merchandise prices.
“Transaction counts and unit volumes were positive across each segment, and we continue to gain market share in the US,” he said.
E-commerce was again a standout, rising 27% globally. Membership income climbed 16.7%, and global advertising revenue — including Vizio and Walmart Connect — surged 53%.
International sales jumped 10.8%, led by Flipkart, China and Walmex. Sam’s Club U.S. posted a 3.1% sales increase.
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Walmart CFO John David Rainey told CNBC that value and convenience continue to pull in customers “across all income levels.”
The report also comes days after Walmart announced CEO Doug McMillon will retire Jan. 31. John Furner, currently CEO of Walmart U.S., will take over on Feb. 1 and join the board.
Walmart now expects 4.8%–5.1% net sales growth for fiscal 2026, up from its prior 3.75%–4.75% range. It also lifted quarterly adjusted EPS guidance to $2.58–$2.63, including a small FX headwind.
Walmart will switch its stock listing to Nasdaq on Dec. 9 under its existing ticker, WMT, a move the company says reflects its alignment with Nasdaq’s tech-driven, innovation-focused strategy. Nine Walmart bonds will also move to Nasdaq.
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