Walmart (WMT) Q4 2026 earnings

Walmart The retail giant and its new CEO are expected to report fiscal fourth-quarter earnings on Thursday morning as it pursues a future more powered by digital businesses and artificial intelligence.

Here’s what Wall Street analysts surveyed by LSEG expect the company to report:

• earnings per share: 73 cents expected
• Revenues: 190.43 billion dollars is expected

Walmart said in November that it expects full-year net sales to rise between 4.8% and 5.1% and adjusted earnings per share to range from $2.58 to $2.63.

Investors aren’t just looking for holidays and a recap of the entire year. They are also eager to better understand the company’s expectations for the coming year and the priorities of new CEO John Furner, a former Walmart U.S. CEO who has worked at the company for more than three decades and replaced Doug McMillon as Walmart’s top executive on Feb. 1.

As a retail giant, Walmart offers an important snapshot of the US consumer; especially as it kicks off a series of earnings reports from other major retailers; Home Depot And Aim.

“Everybody likes to have a litmus test of how the consumer behaved in the quarter and how they’ve behaved since the beginning of the quarter,” said Kate McShane, retail analyst at Goldman Sachs.

He said Walmart could benefit from some beneficial dynamics in the coming months, including tax cuts that were part of President Donald Trump’s tax and spending bill last year, which could free up more discretionary spending, especially for middle-income consumers.

Despite January’s better-than-expected jobs report, there are other mixed indicators for the U.S. economy, such as lackluster retail sales numbers in December and concerns about job market and AI-related headcount disruptions. Investors watched inflation closely and tried to gauge whether tariffs would continue to raise prices in the coming weeks and months.

Investors largely expect Furner to focus on similar priorities as his predecessor, McMillon, such as growing Walmart’s online business, attracting more customers at the revenue level and boosting higher-margin businesses such as third-party marketplaces and advertising.

But on Thursday, Walmart is expected to lose its title as the largest retailer by annual revenue. Amazon It has already surpassed Walmart in quarterly revenue and is on track to top Walmart on an annual basis. While Amazon’s main retail unit is the company’s largest source of revenue, it derives the bulk of its business from its cloud computing, advertising and seller services businesses.

Besides naming a new CEO, Walmart has reached other milestones recently. Stock changed tech-heavy Nasdaq Market capitalization in December reached $1 trillion earlier this month.

As of Wednesday’s close, the company’s shares were up about 22% last year and about 14% so far this year. That’s outpaced the S&P 500’s gain of 12% last year and less than 1% year to date.