Walmart (WMT) Company Report

Walmart will pay $100 million to settle FTC and state charges that it misled Spark delivery drivers on pay and tips, including showing inflated earnings and reallocating tips without disclosure.
Settlement terms require Walmart to implement an earnings-verification program and bar post-acceptance adjustments to base pay, incentives or tips except in narrow circumstances.
The FTC alleges deceptive practices in the Spark program began in 2021, causing drivers to lose tens of millions of dollars.
The announcement coincided with a dip in Walmart’s shares and underscores scrutiny as the retailer’s e-commerce business—where online sales grew ~24% and topped $150 billion last year—remains a key growth driver.

4 days ago

WSJ

Walgreens plans 628 layoffs in Illinois and Texas

WMT

Layoffs

M&A

Walgreens will cut 628 jobs nationwide—469 positions in Illinois and 159 in Texas—as part of a reorganization under Sycamore Partners’ recent acquisition.
Affected employees receive 60 days’ notice and will remain on payroll and benefits; Illinois notices began around Feb. 10 and Texas layoffs start around June 1.
The company will close its Houston distribution center and shift deliveries to the Waxahachie facility to streamline operations.
Sycamore Partners is reducing costs by removing some paid holidays and emphasizing higher-margin front-of-store items (e-cigarettes) to improve profitability and reposition for growth.
Walgreens will slow its store closure pace this year—shuttering fewer than 100 locations and opening four new stores.

Feb 19, 2026, 6:46 PM

Bloomberg

Walmart reports holiday quarter results

WMT

Earnings

Guidance Update

Share Buyback

Revenue of $190.7 billion and adjusted EPS of $0.74, up 5.6% year-over-year, driving operating income of $8.7 billion, a 10.8% increase.
Global e-commerce grew ~24% (23% of net sales), with U.S. e-commerce up ~27%.
Fiscal 2027 guidance set net sales growth of 3.5–4.5% and adjusted EPS of $2.75–2.85, viewed as conservative by investors.
$30 billion share buyback announced, fueling initial share gains of over 13% before market pullback.

Feb 19, 2026, 2:57 PM

Morningstar

Walmart reports Q4 2026 results

WMT

Earnings

Guidance Update

Share Buyback

Walmart posted Q4 revenue up 4.9% in constant currency, with e-commerce sales growing 24%, and adjusted operating income rising 10.5%.
Full-year e-commerce sales reached >$150 billion (23% of sales in Q4), up nearly 25%, representing a 550 bp increase in mix over two years.
Inventory was managed effectively, increasing 2.6% (half the rate of sales growth), supported by automation in distribution centers (60% of stores) and e-commerce fulfillment (50%).
Advertising revenue surged 46% to $6.4 billion and membership fees topped $4.3 billion; together, ad and membership income formed nearly one-third of operating income.
For FY 2027, Walmart guides constant-currency sales growth of 3.5–4.5%, operating income growth of 6–8%, EPS of $2.75–2.85, and plans a $30 billion share repurchase with capex at 3.5% of sales.

Feb 19, 2026, 1:00 PM

Transcript

Walmart reports Q4 2026 results

WMT

Earnings

Guidance Update

Share Buyback

Revenue +4.9% in constant currency and e-commerce +24% in Q4; adjusted operating income grew 10.5% CC as all segments grew profits faster than sales.
For FY26, sales exceeded $700 billion (+5% CC) and adjusted operating income rose 5.4% despite a 300 bps headwind; e-commerce topped $150 billion (23% of sales mix).
Digital and services drove mix benefits: advertising revenue up 37% (Walmart Connect +41%), membership income up 15%, AI assistant Sparky users delivered 35% higher AOV, and fast delivery under 3 hours grew 60%.
FY27 guidance: sales +3.5–4.5% CC, operating income +6–8%, EPS $2.75–2.85; CapEx at ~3.5% of sales and $30 billion share repurchase program authorized.

Feb 19, 2026, 1:00 PM

Transcript

Walmart reports Q4 2026 results

WMT

Earnings

Guidance Update

Share Buyback

Walmart’s Q4 revenue was up 4.9% in constant currency with 24% e-commerce growth, and adjusted operating income rose 10.5%.
FY26 e-commerce sales rose nearly 25% to over $150 billion, advertising revenue grew to $6.4 billion (+46%), and membership fees surpassed $4.3 billion.
FY27 guidance calls for constant-currency sales growth of 3.5%–4.5%, operating income growth of 6%–8%, and EPS of $2.75–$2.85; Q1 sales 3.5%–4.5%, operating income 4%–6%, EPS $0.63–$0.65.
The board authorized a $30 billion share repurchase program, with FY27 capex at 3.5% of sales, while automation and AI (Sparky agent) drive efficiency and 35% higher order value.

Feb 19, 2026, 1:00 PM

Transcript

Walmart reports Q4 FY26 results

WMT

Earnings

Guidance Update

Net sales of $190.7 billion, up 5.6% reported and 4.9% constant currency; eCommerce net sales grew 24%, representing 23% of total sales.
Adjusted operating income (cc) of $8.7 billion, up 10.5%, and adjusted EPS of $0.74, up 12.1%.
Operating cash flow of $41.6 billion (+14.1% Y/Y) and free cash flow of $14.9 billion (+17.9% Y/Y) for fiscal year 2026.
Q1 FY27 guidance: net sales growth of 3.5–4.5% cc, adjusted EPS of $0.63–$0.65; FY27 guidance: net sales growth of 3.5–4.5% cc, adjusted EPS of $2.75–$2.85.

Feb 19, 2026, 1:00 PM

Presentation

Walmart raises FY2027 annual dividend to $0.99 per share

WMT

Dividends

The Board approved an annual dividend of $0.99 per share for fiscal year 2027, representing a 5% increase from the $0.94 paid in FY2026.
The dividend will be distributed in four quarterly installments of $0.2475 per share, with record dates on March 20, May 8, Aug. 21, and Dec. 11, 2026 (payable on April 6, May 26, Sept. 8, and Jan. 4, 2027).
This marks Walmart’s 53rd consecutive year of dividend increases, underscoring the company’s confidence in its financial performance.

Feb 19, 2026, 12:03 PM

Press Release

Walmart reports Q4 fiscal 2026 results

WMT

Earnings

Share Buyback

Guidance Update

Revenue of $190.7 billion, up 5.6% (4.9% cc) in the fourth quarter
Operating income increased by 10.8% (10.5% adjusted cc), driven by a $0.8 billion rise
Global eCommerce sales grew 24%; advertising business up 37% (U.S. Connect +41%); membership fee revenue +15.1%
GAAP EPS of $0.53; Adjusted EPS of $0.74
Announced a new $30 billion share repurchase authorization and provided Q1 and FY27 outlook

Feb 19, 2026, 12:02 PM

Press Release

Walmart reports Q4 FY26 results

WMT

Earnings

Guidance Update

Share Buyback

Net sales of $190.7 B in Q4, up 5.6% (cc +4.9%); FY26 net sales of $713.2 B, up 4.7% (cc +5.1%)
Operating income of $8.7 B in Q4, up 10.8% (adj cc +10.5%); FY26 operating income $29.8 B, up 1.6% (adj cc +5.4%)
Q4 GAAP EPS of $0.53; adjusted EPS of $0.74, up 12.1% Y/Y
Global eCommerce sales up 24%; advertising business revenue up 37% Y/Y
Authorized $30 B share repurchase and provided FY27 guidance: net sales +3.5%–4.5% (cc); adjusted EPS $2.75–$2.85