Walmart (NYSE: WMT) is expected to release its next earnings report on Thursday, August 21, 2025, before market open. This highly anticipated announcement will cover the fiscal quarter ending July 2025 (Q2 2026) and will provide crucial insights into the retail giant's financial health, operational performance, and future outlook, significantly impacting investor sentiment and market dynamics.

Key Information

Walmart (NYSE: WMT) is scheduled to report its second-quarter fiscal year 2026 earnings on Thursday, August 21, 2025, prior to the market opening. This report will detail the company's financial performance for the quarter that concluded in July 2025.

For this upcoming Q2 2026 earnings report, analysts have set the following expectations:

• Consensus EPS Forecast: The projected earnings per share (EPS) for the quarter ending July 2025 is anticipated to be in the range of $0.72 to $0.73. This forecast represents an approximate 7.46% year-over-year increase compared to the $0.67 EPS reported for the same quarter in the previous fiscal year.
• Consensus Revenue Forecast: Analysts expect Walmart's revenue for the quarter to fall between $174.041 billion and $175.62 billion.

Context and Background

Walmart (NYSE: WMT) has a consistent history of reporting its earnings in February, May, August, and November each year, aligning with its fiscal calendar. The company has frequently surpassed earnings per share (EPS) estimates, demonstrating a strong operational performance. For example, in the most recent quarter ending April 30, 2025, Walmart reported an EPS of $0.61, exceeding the analyst consensus of $0.57.

Over the past five years, Walmart's earnings have shown an average annual growth of 5.7%, with revenues growing at an average rate of 5.2% per year. A significant milestone was achieved in the first quarter of fiscal year 2026, when Walmart's eCommerce business reported profitability for the first time. Additionally, the company's advertising business experienced substantial growth of 50%, and membership fee income across its enterprise increased by nearly 15% during the same period, highlighting diversified revenue streams beyond traditional retail.

Implications

The upcoming earnings report for Walmart (NYSE: WMT) carries significant implications for the company, its investors, and the broader retail sector.

• Short-term Implications: A strong earnings beat, particularly if accompanied by robust guidance for the next quarter, could lead to a positive short-term reaction in Walmart's stock price. Conversely, missing analyst expectations or providing a cautious outlook could result in a decline. Key metrics like comparable store sales, e-commerce growth, and profitability in new ventures (like advertising and membership) will be closely watched.
• Long-term Outlook: Continued profitability in the e-commerce segment and sustained growth in advertising and membership services would reinforce Walmart's strategic shift towards a more diversified and digitally-driven business model. This could bolster investor confidence in the company's long-term growth trajectory, especially as it competes with online retailers and other big-box stores.
• Factors that could change the situation: Economic conditions, including inflation and consumer spending habits, will play a crucial role. Any unexpected shifts in consumer behavior, supply chain disruptions, or increased competitive pressures could impact Walmart's performance. Furthermore, the success of its strategic initiatives, such as automation in stores and fulfillment centers, will be critical in maintaining efficiency and profitability.

Summary

Walmart (NYSE: WMT) is set to announce its Q2 2026 earnings on Thursday, August 21, 2025, before market open. Analysts anticipate an EPS of $0.72-$0.73 and revenues between $174.041 billion and $175.62 billion. The report will be a key indicator of the company's continued success in its e-commerce profitability, advertising growth, and overall retail performance, providing essential insights into its short-term market reaction and long-term strategic direction amidst evolving economic and competitive landscapes.