Walmart (WMT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Walmart (WMT) reported $187.94 billion in revenue for the quarter ended July 2026, representing a year-over-year increase of 5.9%. EPS of $0.81 for the same period compares to $0.68 a year ago.

The reported revenue represents a surprise of +0.9% over the Zacks Consensus Estimate of $186.26 billion. With the consensus EPS estimate being $0.73, the EPS surprise was +10.96%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Walmart performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• U.S. comparable store sales (YoY change) - Sam's Club - Without Fuel Impact: 4.4% compared to the 4% average estimate based on six analysts.
• U.S. comparable store sales (YoY change) - Walmart U.S. - Without Fuel Impact: 2.6% versus the six-analyst average estimate of 3.1%.
• Reported Sales Growth (YoY change) - Walmart International: 12.8% versus the five-analyst average estimate of 11.1%.
• Net square footage - Total: 1,058.42 Msq ft versus 1,057.70 Msq ft estimated by four analysts on average.
• Revenues- Net Sales: $186.1 billion versus $184.92 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +5.9% change.
• Revenues- Membership and other income: $1.84 billion versus the seven-analyst average estimate of $1.83 billion. The reported number represents a year-over-year change of +11.2%.
• Net Sales- Walmart U.S.: $125.19 billion versus $125.44 billion estimated by six analysts on average.
• Net Sales- Walmart International: $35.2 billion versus $34.63 billion estimated by six analysts on average.
• Net Sales- Sam's Club: $25.71 billion versus the six-analyst average estimate of $24.84 billion.
• Membership and other income- Sam?s Club U.S.: $654 million compared to the $673.24 million average estimate based on three analysts.
• Membership and other income- Walmart International: $426 million versus the three-analyst average estimate of $401.57 million.
• Membership and other income- Walmart U.S.: $750 million versus $776.32 million estimated by three analysts on average.

View all Key Company Metrics for Walmart here>>>

Shares of Walmart have returned +4.6% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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