Walmart Q2 FY26: where the revenue came from and where it went
The whole income statement of Walmart for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- May 1 – Jul 31, 2025
- Reported
- Aug 29, 2025
Revenue$177.4B
+5% year over year
Gross profit$44.6B
25% margin
Operating profit$7.3B
4% margin
Net profit$7.0B
4% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 177.4 | 100% | +5% |
| Walmart U.S. | 121.6 | 68% | |
| Walmart international | 31.6 | 18% | |
| Sam's club U.S. | 24.3 | 14% | |
| Cost of revenue | −132.8 | 75% | |
| Gross profit | 44.6 | 25% margin | +0pp |
| SG&A | −37.3 | 21% | +1pp |
| Operating profit | 7.3 | 4% margin | −1pp |
| Other income, net | 1.9 | ||
| Tax | −2.2 | ||
| Net profit | 7.0 | 4% margin | +1pp |
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