FINHUB Insights

WMT · Q2 FY26 · May 1 – Jul 31, 2025

Walmart Q2 FY26: where the revenue came from and where it went

Walmart Q2 FY26: revenue $177.4B (+5% year over year). Net profit $7B. Largest cohort Walmart U.S. $121.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
May 1 – Jul 31, 2025
Reported
Aug 29, 2025 10-Q
Sankey diagram of Walmart's income statement for Q2 FY26: revenue of $177.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$177.4B +5% year over year
Gross profit$44.6B 25% margin
Operating profit$7.3B 4% margin
Net profit$7B 4% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jul 31, 2025).
ItemValueShare of revenueYear over year
Revenue 177.4 100% +5%
Walmart U.S. 121.6 69% +5%
Walmart International 31.6 18%
Sam's Club U.S. 24.3 14%
Cost of revenue−132.875%
Gross profit44.625% margin+0pp
SG&A−37.321%+1pp
Operating profit7.34% margin−1pp
Tax−2.2
Net profit74%+1pp
Filing on EDGAR More quarters of WMT

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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