Revenue segments as reported by the company.

Walmart US

Walmart International

Sam's Club

Membership & Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

SG&A

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Walmart

Bonobos is an e-commerce-driven apparel company headquartered in New York City that designs and sells men's clothing. The store has a specific emphasis on the sale of men's suits, trousers, denim, shirts, shorts, swimwear, outerwear and accessories. The company was founded by Stanford Business School students Andy Dunn and Brian Spaly, and launched as an exclusively online retailer in 2007.

Bonobos

Jet.com is an American e-commerce company headquartered in Hoboken, New Jersey. The company was co-founded by entrepreneur Marc Lore (who had sold his previous company, Diapers.com, to Amazon.com) along with Mike Hanrahan and Nate Faust, and has raised $820 million over four venture rounds from firms including Google Ventures, Goldman Sachs, Bain Capital Ventures, Accel Partners, Alibaba Group, and Fidelity. The site was publicly launched in July 2015.

Sam's West, Inc. (doing business as Sam's Club) is an American chain of membership-only retail warehouse clubs owned and operated by Walmart, founded in 1983 and named after Walmart founder Sam Walton. As of 2012, Sam's Club chain serves 47 million U.S. (including Puerto Rico) members and is the 8th largest U.S. retailer. As of January 31, 2008, Sam's Club ranks second in sales volume among warehouse clubs with $56.828 billion in sales (in fiscal year 2016) behind Costco.

Walmart, Inc. engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash and carry outside of the United States. The Sam's Club segment consists of membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

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Walmart reports robust Q1 sales growth and addresses inflation concerns

Walmart's Q1 2023 earnings call highlighted strong global sales growth, concerns about inflation impacting discretionary spending, and a focus on enhancing the supply chain and customer experience. The company is optimistic about investment opportunities and confident in its ability to outperform and pivot as needed.

Walmart reports strong Q2 earnings and optimistic about tech-driven growth

Walmart's strong Q2 performance and revised outlook for the year reflect its focus on being a people-led, tech-powered, omnichannel retailer. The company is optimistic about the potential of technology to drive growth and efficiency.

Walmart reports strong Q3 earnings and focuses on e-commerce growth

Walmart's Q3 earnings call highlighted strong revenue growth, e-commerce success, and a focus on delivering value to customers. The company faces challenges related to pricing, economic factors, and potential deflationary impacts but sees opportunities in its e-commerce growth and customer value proposition.

Walmart reports record-breaking sales, cautious outlook for FY '24

Walmart's Q4 earnings call highlighted strong global sales growth, strategic investments in technology, and a cautious outlook for FY '24. The company's focus on customer value, e-commerce expansion, and margin expansion through technology and automation positions it well for the future.

Walmart reports robust Q1 earnings, eyes international growth opportunities

Walmart's Q1 performance reflects strong sales growth and profitability, driven by e-commerce and international expansion. While facing mix challenges and inflation management, Walmart is strategically investing in supply chain automation and focusing on driving organic sales growth to enhance profitability and customer service.

Walmart reports robust Q2 earnings, eyes tech investments for growth

Walmart's Q2 earnings call highlighted strong sales performance, strategic investments in technology, and a focus on customer-centric initiatives. The company faces challenges in managing inflation impacts and margin pressures but sees opportunities in expanding revenue streams and enhancing e-commerce capabilities.

Walmart reports strong Q3 revenue growth and focuses on operational efficiency

Walmart's Q3 performance showcased robust revenue growth, driven by comp sales increases and e-commerce growth. Despite challenges in food pricing and inflation, the company remains focused on EDLP, digital businesses, and marketplace expansion for sustained growth. Walmart's emphasis on supply chain automation, operational efficiency, and aggressive pricing strategies positions it well for future success.

Walmart reports robust Q4 earnings, eyes eCommerce profitability and sustainability

Walmart's Q4 performance reflects strong sales growth, improved margins, and progress on sustainability goals. The company's focus on technology, innovation, and customer-centric strategies positions it well for future growth. Despite challenges in pricing and investments, Walmart's market share gains, digital penetration, and operational efficiencies present significant opportunities for continued success.

Walmart exceeds Q1 expectations, eyes international growth and tech innovation

Walmart's Q1 performance reflects strong sales growth and profitability, driven by strategic initiatives and investments in technology. While facing challenges in certain markets, Walmart is leveraging its strengths in customer experience and innovation to capitalize on growth opportunities and enhance its competitive position.

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Cost of revenue

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Other

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EBITDA

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Walmart Inc. (NYSE:WMT ) Q3 2025 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Steph Wissink - SVP, IR Doug McMillon - CEO John David Rainey - CFO John Furner - President & CEO, Walmart U.S. Chris Nicholas - President & CEO, Sam's Club Kath McLay - President & CEO, Walmart International Conference Call Participants Kate McShane - Goldman Sachs Michael Lasser - UBS Christopher Horvers - J.P. Morgan Robbie Ohms - Bank of America Krisztina Katai - Deutsche Bank Scot Ciccarelli - Truist Securities Peter Keith - Piper Sandler Peter Benedict - Baird Karen Short - Melius Research Seth Sigman - Barclays Greg Melich - Evercore ISI Operator Greetings, and welcome to the Walmart Third Quarter Fiscal Year 2025 Earnings Call.

Walmart Inc. (WMT) Q3 2025 Earnings Call Transcript

Walmart Inc (NYSE: WMT) rallied into record territory this morning after reporting a strong third quarter as US customers remain resilient heading into the holiday season.

Is it too late to invest in Walmart stock as it hits a record high? here's what experts are saying

Walmart's CFO said that Trump's proposed tariffs could lead the retailer to raise prices. About one-third of the retailer's products are imported, mostly in non-grocery items.

Walmart says prices will 'probably' go up if Trump tariffs take effect

Walmart is the best Dow Jones stock Tuesday after the retail giant's solid earnings report and outlook and Wall Street thinks it's just getting started. Here's what they're saying.

Why Walmart Stock's a Buy After Its Beat-And-Raise Quarter

WMT's Q3 results reflect sales growth across all segments. The company gains from a robust omnichannel model, with increased e-commerce penetration in all markets.

Walmart Ups View Again on Q3 Earnings Beat, E-Commerce Sales Growth

The headline numbers for Walmart (WMT) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Walmart (WMT) Q3 Earnings: A Look at Key Metrics

Walmart CFO John David Rainey told CNBC that new tariffs would likely force the retailer to raise prices. He joined other brands and retail trade groups in warning that the tax on imports proposed by President-elect Donald Trump could fuel inflation.

Walmart will likely raise some prices if Trump tariffs take effect, CFO says

Walmart, a key indicator of U.S. consumer sentiment, surpassed Wall Street expectations and raised its full year outlook as more shoppers bought discretionary items.

Walmart raises outlook as consumers spend more on nonessentials, order more deliveries

Walmart (WMT) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.51 per share a year ago.

Walmart (WMT) Q3 Earnings and Revenues Top Estimates

WMT's 2024 Black Friday event offers unbeatable discounts, exclusive early access for Walmart+ members and a seamless holiday shopping experience.

Walmart Sets the Stage for 2024 Holiday Shopping With Big Discounts

American Express

Goldman Sachs

JPMorgan Chase & Co

NVIDIA

Travelers

These Are the 5 Top-Performing Stocks in the Dow Jones Industrial Average, With 2024 Almost Over

The retailer said its sales rose in the latest quarter, helped by strong demand for toys and other goods.

Walmart Earnings: Holiday Shopping Is Off to a Strong Start

Dow Jones futures fall 220 points as geopolitical tensions spike. Walmart shines with strong earnings, while Nvidia's results are eagerly awaited.

Dow Jones: Geopolitical Tensions Hit Futures as Walmart and Nvidia Take Focus

The Nasdaq 100 is tipped to open essentially flat when trading commences this Tuesday, following a buoyant Monday that saw the tech index surge by 145 points. Futures contracts suggest a sharp downturn for the Dow Jones Industrial Average though.

Wall Street, Nasdaq to dip but Walmart to rally following strong results

Walmart's stock heads for a record after another earnings beat, as general merchandise sales turned positive.

Walmart's stock approaches a record as sales beat again and outlook raised

Walmart Inc (NYSE:WMT, ETR:WMT) shares headed over 3% higher in pre-market trading on Tuesday after the discounter hiked guidance on better-than-expected third-quarter results. Revenue ticked up 5.5% to $169.6 billion over the three months to October, aiding a 13.7% increase in adjusted per-share earnings to $0.58, Walmart reported on Tuesday.

Walmart surges as non-food sales aid profit beat

The company, a bellwether for the retail industry, said its U.S. sales rose 5 percent in the third quarter, as cost-conscious consumers of all incomes sought bargains.

Walmart Sees ‘Momentum' Ahead of Holiday Shopping Season

Walmart (WMT) reported better third-quarter fiscal 2025 results than analysts expected Tuesday morning as it registered growing sales and profits, sending its stock higher.

Walmart Stock Rises on Growing Sales, Profits, and Raised Outlook

Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores, a sign that it may be gaining market share ahead of the holiday season.

Walmart raises annual forecasts, betting on strong holiday shopping

Walmart topped third-quarter earnings and revenue expectations. The retailer hiked its outlook again as it saw growth in e-commerce and improvements in sales outside of the grocery aisles.

Walmart hikes its outlook again as shoppers spend more outside the grocery aisles

BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart Inc. (NYSE: WMT): Third Quarter Highlights: Consolidated revenue of $169.6 billion, up 5.5%, or 6.2% (cc) Consolidated gross margin rate up 21 bps, led by Walmart U.S. Consolidated operating income up $0.5 billion, or 8.2%; up 9.8% (cc) due to higher gross margins and growth in membership income; also benefited from reduced losses in eCommerce ROA at 7.8%, ROI at 15.1%, up 100 bps Global eCommerce sales grew 27%, led by store fulfilled pickup & de.

Walmart reports strong revenue growth of 5.5% with operating income growing faster at 8.2%

Walmart's Q3 earnings preview: Analysts forecast EPS of $0.53 and revenue of $167.72B as inflation cools and holiday shopping trends take focus.

Easing Inflation, Holiday Trends to Shape Walmart's Q3: EPS at $0.53 Expected

Target

While Walmart's (WMT) stock has had a clear edge in terms of price performance, Target (TGT) shares have stood out in terms of valuation.

Time to Buy Walmart or Target Stock as Q3 Earnings Approach?

Electronic Arts

Lowe's

Take-Two Interactive Software

Earnings reports from Walmart and Lowe's will give investors a glimpse at consumer spending on Tuesday morning, while SpaceX readies for another launch.

Tuesday's big stock stories: What's likely to move the market in the next trading session

Walmart and Target will report earnings this week, providing fresh insight into how consumers are faring shortly after retail data indicated that Americans have been spending more on "fun" categories.

News for Walmart Stock (WMT)