Walmart Q2 FY27: 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, 2026
- Reported
- Aug 28, 2026
Revenue$187.9B
+6% year over year
Gross profit$49.1B
26% margin
Operating profit$9.4B
5% margin
Net profit$6.4B
3% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 187.9 | 100% | +6% |
| Walmart U.S. | 118.1 | 63% | |
| Walmart international | 35.5 | 19% | |
| Sam's club U.S. | 24.1 | 13% | |
| Other | 10.2 | 5% | |
| Cost of revenue | −138.8 | 74% | |
| Gross profit | 49.1 | 26% margin | +1pp |
| SG&A | −39.8 | 21% | +0pp |
| Operating profit | 9.4 | 5% margin | +1pp |
| Interest & other costs | −1.5 | ||
| Tax | −1.5 | ||
| Net profit | 6.4 | 3% margin | −1pp |
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