Walmart (WMT) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Walmart (WMT) last issued guidance on May 21, 2026 for fiscal year 2027. The company guided earnings per share in the range of $2.75 - $2.85, compared to a consensus EPS estimate of $2.91. Walmart also guided revenue in the range of $731.12B - $738.19B for the period.
Compared to prior guidance, Walmart maintained its EPS outlook from a previous range of $2.75 - $2.85. On the revenue side, the company maintained its revenue forecast from a prior range of $731.12B - $738.19B.
Walmart has issued 33 guidance updates between August 16, 2022 and May 21, 2026. During this period, the company raised its outlook 11 times and lowered it 13 times, providing investors with insight into management's evolving expectations.
| Metric | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $0.66 | $0.73 | $0.60 | $0.74 |
| Actual | $0.66 | $0.74 | $0.62 | $0.68 |
| Surprise | 0.00% | +1.37% | +3.33% | -8.11% |
| Revenue | ||||
| Estimate | $174.75B | $189.18B | $175.96B | $174.80B |
| Actual | $177.75B | $190.70B | $179.50B | $177.40B |
| Surprise | +1.71% | +0.80% | +2.01% | +1.49% |
| Metric | Q2 '27E | Q3 '27E | Q4 '27E | Q1 '28E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $0.74 | $0.68 | $0.69 | $0.75 |
| Revenue | ||||
| Consensus | $186.88B | $188.23B | $175.29B | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q1 | May 21, 2026 | $0.66 | $0.66 | 0.00 % |
| Q4 | Feb 19, 2026 | $0.74 | $0.73 | 1.37 % |
| Q3 | Nov 20, 2025 | $0.62 | $0.60 | 3.33 % |
| Q2 | Aug 21, 2025 | $0.68 | $0.74 | -8.11 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q1 | May 21, 2026 | $177.75B | $174.75B | 1.71 % |
| Q4 | Feb 19, 2026 | $190.70B | $189.18B | 0.80 % |
| Q3 | Nov 20, 2025 | $179.50B | $175.96B | 2.01 % |
| Q2 | Aug 21, 2025 | $177.40B | $174.80B | 1.49 % |