Walmart Inc. (WMT)

The company now

Walmart reported on 20 August 2026 that revenue for its second quarter, the 13 weeks to 31 July, rose 5.9 percent to $187.9 billion 1. Operating income, the profit from running the business, rose 28.8 percent 1. Online sales rose 23 percent worldwide and the advertising business 38 percent 1.

Much of the profit jump came from tariff refunds: about $2.9 billion returned by U.S. Customs and Border Protection for duties paid under the International Emergency Economic Powers Act 2. Walmart booked them as lower cost of sales and put a significant portion into lower prices in the same quarter 2. Net income still fell to $6.4 billion from $7.0 billion, because the value of its investments in other companies dropped 2.

John Furner has run the company since 1 February 2026, succeeding Doug McMillon, who retired as chief executive 6. On 20 August the company raised its outlook for the fiscal year, now expecting net sales up 4.0 to 5.0 percent in constant currency 1. The open questions are how much of the refunds stays as profit, and whether PhonePe, its Indian payments app, revives its paused listing 119.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.