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Research updated: Jul 11, 2026, 12:00 AM UTC

Walmart (WMT) FY2027 Q1

For the quarter ended April 30, 2026, Walmart reported broad-based sales growth led by global e-commerce, advertising, and membership income, reiterated its FY2027 outlook, and guided to adjusted operating income growth ahead of sales growth.

Reported outcomes

Total revenue
$177.8 billion
Up 7.3% year over year
Global e-commerce sales
Up 26%
Year-over-year growth
Operating income
Up 5.0%
Year-over-year growth
Global membership fee revenue
Up 17.4%
Year-over-year growth

Management guidance

  • Walmart reiterated its FY2027 outlook and guided Q2 constant-currency net sales growth of 4% to 5% and adjusted operating income growth of 7% to 10%.

Risks that still need monitoring

  • Inventory outgrowth

    Inventory increased faster than sales, raising markdown, working-capital, and inventory-quality risk if demand weakens.

  • Fulfillment cost pressure

    Higher distribution fuel costs and e-commerce fulfillment expenses could offset benefits from a richer business mix.

  • Cash flow and leverage

    Negative quarterly free cash flow and higher debt increase the importance of disciplined capital allocation.

Market reaction

-8.09%

2026-05-20 $130.85 → 2026-05-22 $120.27

Method: previous trading-day close to the first full trading-day close after the announcement.

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Primary sources

Walmart Reports First Quarter Fiscal Year 2027 ResultsWalmart Inc. · earningsVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

Published: May 21, 2026, 12:00 AM

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Walmart Investor RelationsWalmart Inc. · companyVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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Walmart Form 10-Q for the Quarter Ended April 30, 2026Walmart Inc. · filingVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

Published: May 29, 2026, 12:00 AM

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WMT editorial research profileAlphaVue Research · editorialVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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