Walmart’s latest annual report highlights the growing weight of e-commerce within its business, with digital sales surging 24% globally in fiscal 2026 and reaching $150.4 billion.
The retailer reported total revenue growth of 5.1% in constant currency and adjusted profit growth of 5.4% for the year ended Jan. 31, 2026, underscoring steady top-line and earnings momentum under CEO John Furner.
Online sales contributed 4.3% to comparable sales growth during the year, up from 2.9% in fiscal 2025, a clear signal that digital channels are playing an increasingly central role in Walmart’s performance.
Growth was supported across all major segments, including Walmart U.S., Sam’s Club U.S. and Walmart International.
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“Our business model is getting stronger,” Furner said, pointing to continued digital innovation and improvements in delivery speed as key drivers.
Chairman Greg Penner emphasised that Walmart’s ongoing investments, spanning AI, automation and store expansion, are being evaluated through a strict return-on-investment lens.
The company is aiming to scale newer, tech-enabled business lines alongside its core retail operations, with a focus on lowering marginal costs while sustaining growth.
The results reinforce Walmart’s broader strategy: combining physical scale with digital capabilities to drive efficiency and capture a larger share of omnichannel demand.
As e-commerce continues to expand its contribution to overall sales, Walmart is positioning its logistics, technology and store network to operate as a unified system, balancing growth with operational discipline.
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