August 20, 2026 – Walmart Inc. released its second-quarter results for fiscal year 2027, demonstrating strong global performance. Within the portfolio, Walmart China delivered net sales of $7.0 billion in Q2, representing a year-over-year increase of 20.7%. E-commerce continued its robust momentum, with net sales rising 26% and penetration reaching 55% of total sales.

"Our team delivered another good quarter, and we continue to make steady progress on the long-term value drivers of our business. Our multi-year growth in eCommerce is evidence that customers are choosing Walmart because we deliver price, speed, and convenience across a broad assortment. At Walmart, they can have it all."

John Furner, President and CEO, Walmart

Highlights 1:

Total revenue reached $187.9 billion, up 5.9% year over year (or $186.4 billion, +5.1% excluding currency fluctuations). Adjusted operating income came in at $9.2 billion, a 17.4% increase versus the prior-year quarter.

Highlights 2:

Net sales of $7.0 billion, +20.7% year over year. Comparable sales delivered a solid 9.7% growth.

E-commerce net sales rose 26% year over year, with penetration expanding to 55% of total sales – a gain of more than 239 basis points versus the same quarter last year, cementing its role as the primary growth engine.

Sam's Club continued its strong trajectory, adding 11 new stores over the trailing twelve months (including 4 in the current quarter). Meanwhile, Walmart Store operations also accelerated, with both formats advancing in tandem and overall performance steadily rising.

Gross margin improved during the quarter, driven by ongoing category mix optimization and higher private-brand penetration. At the same time, robust top-line growth effectively offset incremental labor and marketing investments, keeping the operating expense ratio stable and supporting healthy operating profit growth.