Walmart Q4 FY26 Earnings Release: Walmart China Maintains High-Quality Growth, Net Sales Increase 19.3%-Walmart（China）

Walmart Q4 FY26 Earnings Release: Walmart China Maintains High-Quality Growth, Net Sales Increase 19.3%

2026-02-19，Shenzhen

In February, Walmart announced its fourth-quarter earnings for fiscal year 2026. The data shows strong growth in Walmart's global performance. Notably, Walmart China achieved net sales of $6.1 billion in the fourth quarter, a year-over-year increase of 19.3%; e-commerce net sales grew by 28%.

"The pace of change in retail is accelerating. It's exciting. And our financial results show that we're not only embracing this change, we're leading it. For our customers and members, the future is fast, convenient, and personalized."

— John Furner President and CEO, Walmart

Highlights 1:

Walmart Global achieved total revenue of $190.7 billion in the fourth quarter, a year-over-year increase of 5.6% (excluding the impact of currency fluctuations, total revenue was $189.3 billion, up 4.9%); adjusted operating profit for the fourth quarter was $8.6 billion, with a year-over-year increase of 10.5%.

For the full fiscal year 2026, total revenue reached $713.2 billion, a year-over-year increase of 4.7% (excluding the impact of currency fluctuations, total revenue was $715.9 billion, up 5.1%); full-year adjusted operating profit was $31.1 billion, an increase of 5.4% year-over-year.

Highlights 2:

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Walmart China achieved net sales of $6.1 billion in the fourth quarter, a year-over-year increase of 19.3%; despite the impact of the delayed Chinese New Year peak season, comparable sales still achieved solid growth of 10.7% for the quarter. Sam's Club continued its strong momentum this quarter, with double-digit growth in transaction volume, adding 10 new stores in 2025, including 6 new stores this quarter.

E-commerce business continued its strong growth of 28% in the fourth quarter, with e-commerce sales penetration exceeding 50%. Although the increase in e-commerce penetration and changes in business mix have had some impact on the gross margin structure, the company successfully optimized its operating expense rate and achieved steady growth in operating profit, benefiting from robust sales growth and continuous operational efficiency improvements.