Walmart’s FY27 Outlook Boosted by $187.9B Q2 Revenue

Olivia Smith 08/24/2026

Walmart Surges with Strong Q2 Performance and Ambitious Outlook

Walmart is demonstrating robust momentum, recently raising its fiscal 2027 outlook following a highly successful second-quarter performance. The retailer reported second-quarter revenue of $187.9 billion, reflecting a healthy 5.9 percent growth that was fueled by expansion across both its domestic and international operations, alongside continued dominance in the rapidly growing e-commerce sector.

The growth wasn’t confined to one area; the performance underscored the successful integration of digital strategies into the core retail model. Walmart’s net sales in the United States climbed 3.5 percent, reaching $125.2 billion. This domestic strength was complemented by substantial international expansion, with sales rising 12.8 percent to $35.2 billion.

Perhaps the most dynamic segment of the report involved the digital marketplace. Global e-commerce sales experienced an impressive 23 percent growth, confirming the retailer’s pivot toward online engagement. This digital expansion was mirrored by significant operational gains, with operating income increasing by 28.8 percent to $9.38 billion. Analysts also noted a solid result for profitability, with adjusted earnings per share reaching $0.81.

This powerful combination of physical and digital success solidified the company’s position as a modern retail powerhouse. The digital and omnichannel operations are clearly driving the wider retail model, proving that the integration of online and physical retail is not just a trend, but a fundamental pillar of future growth.

For industries dependent on mass-market visibility, such as the beauty and personal care sector, Walmart’s continued growth and aggressive investment in e-commerce make it an increasingly important channel. The retailer’s scale and visibility provide beauty brands with a powerful platform to reach consumers and achieve significant market presence in the U.S.

Looking ahead, Walmart has set ambitious targets for the remainder of the fiscal year. The company has raised its guidance, projecting constant-currency net sales growth between 4.0 and 5.0 percent, adjusted operating income growth of 7.0 and 8.5 percent, and adjusted earnings per share of $2.80 to $2.87.