Walmart Q3 2025 Earnings Report
Key Takeaways
Walmart's Q3 2025 results showed strong revenue growth of 5.5% and an even faster operating income growth of 8.2%. E-commerce sales increased by 27% globally. The company has raised its guidance for FY25.
Consolidated revenue increased by 5.5% to $169.6 billion.
Global eCommerce sales grew by 27%, driven by store-fulfilled pickup & delivery and marketplace.
Walmart U.S. comp sales increased by 5.3% with positive growth in general merchandise.
The company raised its guidance for FY25, projecting net sales to grow by 4.8% to 5.1% and adjusted operating income to grow by 8.5% to 9.25% in constant currency.
Walmart
Walmart
Walmart Revenue by Segment
Walmart Revenue by Geographic Location
Forward Guidance
Walmart has raised its guidance for fiscal year 2025. Net sales are expected to grow 4.8% to 5.1% and adjusted operating income to grow 8.5% to 9.25% in constant currency.
Positive Outlook
- Net sales (cc) Increase 4.8% to 5.1%
- Adj. operating income (cc) Increase 8.5% to 9.25%
- Interest, net Approximately flat to last year
- Effective tax rate Approximately 24.5%
- Adjusted EPS $2.42 to $2.47
Revenue & Expenses
Visualization of income flow from segment revenue to net income