Walmart posts 5.4% profit growth in annual report, driven by e-commerce
Walmart saw revenue growth of 5.1% in constant currency and profit growth of 5.4% on an adjusted basis, driven by 24% global growth in e-commerce, the company reported in its fiscal year 2026 business results. The retailer released its 2026 Annual Report on April 23, ahead of its Annual Shareholders’ Meeting in June.
According to the report, Walmart saw revenues increase 4.7% in FY2026, while membership fee revenue grew 15.5%. The retailer did $150.4 billion in e-commerce sales during the year.
Walmart reported that its Walmart U.S., Sam's Club U.S. and Walmart International segments contributed to top-line expansion in FY2026, with Walmart President and CEO John Furner highlighting the company's investments in its workforce and AI in his first letter to shareholders and associates since taking on the president and CEO role in February.
"Our business model is getting stronger, our associates continue to come up with great ideas, and we have a strong culture and values," Furner wrote. "The consistency of our results reflects strong execution in our core business, digital innovation, re-imagining how we accelerate delivery speed, and business mix."
Walmart's total revenues increased by $32.2 billion, or 4.7%, in FY2026, compared with the previous fiscal year, according to the annual report. Net sales for Walmart U.S. were up $20.6 billion (or 4.4%) year over year, Walmart International saw net sales grow by $8.5 billion (7%) in 2026 and Sam's Club U.S.'s net sales grew by $2.8 billion (3.1%).
During the year, Walmart approached AI-driven transformation with discipline and a focus on growth and company values, Chairman of the Board Greg Penner said.
“Like any investment—whether in AI, automation, or our store and club expansion and remodel programs – we view capital deployment through the lens of return on investment, and I’m pleased with the discipline we have," Penner said. "This will ensure that we can scale newer, tech-powered businesses alongside our core retail operations to drive growth at a lower marginal cost."
This article was first published on Canadian Grocer's sister site, Progressive Grocer.
