
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 August 20, 2026 for Q3 2027. The company guided earnings per share in the range of $0.62 - $0.64, compared to a consensus EPS estimate of $0.68. Walmart also guided revenue in the range of $183.13B - $184.47B for the period.
Compared to prior guidance, Walmart lowered its revenue forecast from a prior range of $734.66B - $741.72B.
Walmart has issued 33 guidance updates between November 15, 2022 and August 20, 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 | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $0.74 | $0.66 | $0.73 | $0.60 |
| Actual | $0.81 | $0.66 | $0.74 | $0.62 |
| Surprise | +9.46% | 0.00% | +1.37% | +3.33% |
| Revenue | ||||
| Estimate | $186.71B | $174.75B | $189.18B | $175.96B |
| Actual | $187.94B | $177.75B | $190.70B | $179.50B |
| Surprise | +0.66% | +1.71% | +0.80% | +2.01% |
| Metric | Q3 '27E | Q4 '27E | Q1 '28E | Q2 '28E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $0.63 | $0.78 | $0.73 | $0.84 |
| Revenue | ||||
| Consensus | $187.06B | $200.03B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q2 | Aug 20, 2026 | $0.81 | $0.74 | 9.46 % |
| 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 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q2 | Aug 20, 2026 | $187.94B | $186.71B | 0.66 % |
| 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 % |