Walmart Q3 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
- Aug 1 – Oct 31, 2025
- Reported
- Dec 3, 2025
Revenue$179.5B
+6% year over year
Gross profit$44.8B
25% margin
Operating profit$6.7B
4% margin
Net profit$6.1B
3% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 179.5 | 100% | +6% |
| Walmart U.S. | 121.3 | 68% | |
| Walmart international | 33.9 | 19% | |
| Sam's club U.S. | 24.2 | 13% | |
| Cost of revenue | −134.7 | 75% | |
| Gross profit | 44.8 | 25% margin | +0pp |
| SG&A | −38.1 | 21% | +0pp |
| Operating profit | 6.7 | 4% margin | +0pp |
| Other income, net | 1.5 | ||
| Tax | −2.1 | ||
| Net profit | 6.1 | 3% margin | +1pp |
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