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Walmart reports strong revenue growth of 4.8% with operating income growing faster at 8.5%; adjusted operating income up 7.2%

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Walmart Inc. (NYSE: WMT) reported strong financial results for the second quarter of fiscal year 2025. Consolidated revenue increased by 4.8% to $169.3 billion, with consolidated operating income growing faster at 8.5%. The company's eCommerce sales surged by 21% globally, while its advertising business grew by 26%. Walmart's adjusted earnings per share (EPS) stood at $0.67, excluding a net loss of $0.11 on equity and other investments.

Notable highlights include a 43 basis points increase in consolidated gross margin rate, led by Walmart U.S. and Walmart International. The company's return on assets (ROA) was 6.4%, while return on investment (ROI) improved by 230 basis points to 15.1%. Global inventory decreased by 2.0%, with Walmart U.S. seeing a 2.6% reduction. Based on these strong results, Walmart has raised its outlook for FY25 and issued guidance for Q3.

Walmart Inc. (NYSE: WMT) ha riportato risultati finanziari solidi per il secondo trimestre dell'anno fiscale 2025. Il fatturato consolidato è aumentato del 4,8% a 169,3 miliardi di dollari, con un incremento più rapido dell'8,5% nell'utile operativo consolidato. Le vendite eCommerce dell'azienda sono aumentate del 21% a livello globale, mentre la sua attività pubblicitaria è cresciuta del 26%. L'utile per azione rettificato (EPS) di Walmart si è attestato a 0,67 dollari, escludendo una perdita netta di 0,11 dollari su azioni e altri investimenti.

I punti salienti includono un aumento di 43 punti base nel tasso di margine lordo consolidato, guidato da Walmart U.S. e Walmart International. Il ritorno sugli asset (ROA) dell'azienda era del 6,4%, mentre il ritorno sugli investimenti (ROI) è migliorato di 230 punti base raggiungendo il 15,1%. L'inventario globale è diminuito del 2,0%, con Walmart U.S. che ha registrato una riduzione del 2,6%. Sulla base di questi risultati solidi, Walmart ha alzato le sue previsioni per l'anno fiscale 2025 e ha fornito indicazioni per il terzo trimestre.

Walmart Inc. (NYSE: WMT) reportó resultados financieros sólidos para el segundo trimestre del año fiscal 2025. Los ingresos consolidados aumentaron un 4.8% alcanzando 169.3 mil millones de dólares, con un crecimiento más rápido del 8.5% en la utilidad operativa consolidada. Las ventas de eCommerce de la empresa se dispararon un 21% a nivel global, mientras que su negocio de publicidad creció un 26%. Las ganancias por acción ajustadas (EPS) de Walmart se ubicaron en 0.67 dólares, excluyendo una pérdida neta de 0.11 dólares en acciones y otras inversiones.

Los aspectos destacados incluyen un aumento de 43 puntos básicos en la tasa de margen bruto consolidado, liderado por Walmart U.S. y Walmart International. El retorno sobre activos (ROA) de la empresa fue del 6.4%, mientras que el retorno sobre inversiones (ROI) mejoró en 230 puntos básicos hasta alcanzar el 15.1%. El inventario global disminuyó un 2.0%, con Walmart U.S. viendo una reducción del 2.6%. Basándose en estos resultados sólidos, Walmart ha elevado sus proyecciones para el año fiscal 2025 y emitió orientaciones para el tercer trimestre.

월마트(주)(NYSE: WMT)는 2025 회계연도 2분기 강력한 재무 실적을 보고했습니다. 통합 수익은 4.8% 증가하여 1,693억 달러에 달하며, 통합 운영 수익은 8.5%로 더 빠르게 성장했습니다. 회사의 전자상거래 판매는 전 세계적으로 21% 급증했으며, 광고 사업은 26% 성장했습니다. 월마트의 조정 주당 순이익(EPS)은 0.67달러로, 주식 및 기타 투자로 인한 순손실 0.11달러를 제외한 수치입니다.

주목할 만한 하이라이트로는 월마트 미국 및 월마트 국제에서 주도된 통합 총 마진율이 43 베이시스 포인트 증가했습니다. 회사의 자산 수익률(ROA)은 6.4%였고, 투자 수익률(ROI)은 230 베이시스 포인트 향상되어 15.1%를 기록했습니다. 전 세계 재고는 2.0% 감소했으며, 월마트 미국은 2.6% 감소했습니다. 이러한 강력한 실적을 바탕으로 월마트는 2025 회계연도 전망을 상향 조정하고 3분기 가이던스를 발표했습니다.

Walmart Inc. (NYSE: WMT) a annoncé des résultats financiers solides pour le deuxième trimestre de l'exercice 2025. Le chiffre d'affaires consolidé a augmenté de 4,8 % atteignant 169,3 milliards de dollars, avec un bénéfice opérationnel consolidé qui a crû plus rapidement de 8,5 %. Les ventes de commerce électronique de l'entreprise ont bondi de 21 % dans le monde, tandis que son secteur publicitaire a connu une croissance de 26 %. Le bénéfice par action ajusté (BPA) de Walmart s'est établi à 0,67 dollar, en excluant une perte nette de 0,11 dollar sur les actions et autres investissements.

Les faits marquants incluent une augmentation de 43 points de base du taux de marge brute consolidée, tirée par Walmart U.S. et Walmart International. Le retour sur actifs (ROA) de l'entreprise était de 6,4 %, tandis que le retour sur investissement (ROI) s'est amélioré de 230 points de base pour atteindre 15,1 %. Les stocks mondiaux ont diminué de 2,0 %, le Walmart U.S. enregistrant une réduction de 2,6 %. Sur la base de ces résultats solides, Walmart a relevé ses prévisions pour l'exercice 2025 et a émis des orientations pour le troisième trimestre.

Walmart Inc. (NYSE: WMT) hat starke Finanzzahlen für das zweite Quartal des Geschäftsjahres 2025 gemeldet. Der konsolidierte Umsatz stieg um 4,8% auf 169,3 Milliarden US-Dollar, während das konsolidierte Betriebsergebnis schneller um 8,5% wuchs. Die eCommerce-Verkäufe des Unternehmens stiegen weltweit um 21%, während das Werbegeschäft um 26% zulegte. Der bereinigte Gewinn pro Aktie (EPS) von Walmart betrug 0,67 US-Dollar, ohne einen Nettoverlust von 0,11 US-Dollar aus Aktien und anderen Investitionen.

Zu den bemerkenswerten Höhepunkten gehört ein Anstieg von 43 Basispunkten in der konsolidierten Bruttomarge, angeführt von Walmart U.S. und Walmart International. Die Rendite auf das Vermögen (ROA) des Unternehmens betrug 6,4%, während die Rendite auf Investitionen (ROI) um 230 Basispunkte auf 15,1% verbesserten. Der globale Bestand sank um 2,0%, wobei Walmart U.S. einen Rückgang von 2,6% verzeichnete. Basierend auf diesen soliden Ergebnissen hat Walmart seine Prognose für das Geschäftsjahr 2025 angehoben und eine Anleitung für das dritte Quartal herausgegeben.

Positive
  • Consolidated revenue increased by 4.8% to $169.3 billion
  • Consolidated operating income grew by 8.5%, with adjusted operating income up 7.2%
  • Global eCommerce sales surged by 21%
  • Global advertising business grew by 26%, with Walmart Connect in the U.S. up 30%
  • Consolidated gross margin rate increased by 43 basis points
  • Return on investment (ROI) improved by 230 basis points to 15.1%
  • Global inventory decreased by 2.0%, indicating improved efficiency
  • Company raised its outlook for FY25
Negative
  • Net loss of $0.11 per share on equity and other investments

Insights

Walmart's Q2 results showcase robust performance across key metrics. The 4.8% revenue growth to $169.3 billion and 8.5% increase in operating income signal strong operational efficiency. The 43 bps improvement in gross margin is particularly impressive, indicating better cost management and pricing strategies. eCommerce growth of 21% and 26% growth in advertising highlight Walmart's successful digital transformation efforts. The 2% reduction in global inventory while maintaining healthy in-stock levels demonstrates improved supply chain management. With ROA at 6.4% and ROI up 230 bps to 15.1%, Walmart is effectively utilizing its assets and investments. These results, coupled with raised FY25 guidance, suggest a positive outlook for the company's financial health and market position.

Walmart's Q2 performance reflects its strategic positioning in the evolving retail landscape. The 21% growth in global eCommerce, driven by store-fulfilled pickup & delivery and marketplace expansion, indicates successful omnichannel integration. This aligns with changing consumer preferences post-pandemic. The 26% growth in global advertising, with Walmart Connect in the U.S. growing at 30%, showcases Walmart's ability to monetize its vast customer base and digital platforms. These high-margin revenue streams diversify Walmart's income sources and strengthen its competitive position against pure e-commerce players. The company's ability to grow while reducing inventory by 2.0% globally suggests improved operational efficiency and data-driven decision-making, important for maintaining profitability in the competitive retail sector.

Walmart's Q2 results underscore its successful tech-driven transformation. The 21% growth in global eCommerce highlights the effectiveness of Walmart's digital infrastructure investments. The strong performance in store-fulfilled pickup & delivery demonstrates successful integration of physical and digital assets, leveraging Walmart's vast store network as a competitive advantage. The 26% growth in the global advertising business showcases Walmart's ability to build and monetize its data and tech stack, competing effectively with established adtech players. The reduction in eCommerce losses indicates improving unit economics in digital operations. These results suggest Walmart is successfully navigating the shift to digital retail, balancing growth with profitability. The appointment of Bob Moritz, with his background in professional services and technology, to the Board of Directors further signals Walmart's commitment to tech-driven strategies and governance.

eCommerce up 21% globally

GAAP EPS of $0.56; Adjusted EPS of $0.67

Company issues guidance for Q3; Raises outlook for FY25

BENTONVILLE, Ark.--(BUSINESS WIRE)-- Walmart Inc. (NYSE: WMT):

Second Quarter Highlights:

  • Consolidated revenue of $169.3 billion, up 4.8%, or 5.0%
  • Consolidated gross margin rate up 43 bps, led by Walmart U.S. and Walmart International
  • Consolidated operating income up $0.6 billion, or 8.5%; adjusted operating income up 7.2%, due to higher gross margins and growth in membership income; also benefited from reduced eCommerce losses
  • ROA at 6.4%, ROI at 15.1%, up 230 bps
  • Global eCommerce sales grew 21%, led by store fulfilled pickup & delivery and marketplace
  • Global advertising business grew 26%, including 30% for Walmart Connect in the U.S
  • Adjusted EPS of $0.67 excludes the effect, net of tax, from a net loss of $0.11 on equity and other investments
  • Global inventory down 2.0%, including a decrease of 2.6% for Walmart U.S.; in-stock levels healthy
  • Bob Moritz, retired chair of PwC, to join Walmart Inc. Board of Directors

The company will hold a live conference call with the Investment Community at 7 a.m. CST Thursday, August 15, 2024, to discuss the company’s second quarter earnings results for fiscal year 2025. The event will be webcast live and is accessible by visiting https://corporate.walmart.com/news/events and selecting the Second Quarter Earnings Release event. The webcast will be archived and available on the company website.

About Walmart

Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 255 million customers and members visit approximately 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.com, on Facebook at https://facebook.com/walmart, on Twitter at https://twitter.com/walmart, and on LinkedIn at https://www.linkedin.com/company/walmart/.

Investor Relations Contacts

Steph Wissink

Senior Vice President, Investor Relations

ir@walmart.com

Kary Brunner

Sr. Director, Investor Relations

Media Relations Contact

Molly Blakeman

Group Director, Global Communications

800-331-0085

Source: Walmart Inc.

FAQ

What was Walmart's (WMT) revenue growth in Q2 2025?

Walmart reported a consolidated revenue growth of 4.8%, reaching $169.3 billion in Q2 2025.

How much did Walmart's (WMT) eCommerce sales grow globally in Q2 2025?

Walmart's global eCommerce sales grew by 21% in Q2 2025, led by store fulfilled pickup & delivery and marketplace.

What was Walmart's (WMT) adjusted EPS for Q2 2025?

Walmart's adjusted earnings per share (EPS) for Q2 2025 was $0.67, excluding the effect of a net loss on equity and other investments.

How did Walmart's (WMT) advertising business perform in Q2 2025?

Walmart's global advertising business grew by 26% in Q2 2025, with Walmart Connect in the U.S. growing by 30%.

What was Walmart's (WMT) inventory status at the end of Q2 2025?

Walmart's global inventory was down 2.0% at the end of Q2 2025, including a decrease of 2.6% for Walmart U.S., with healthy in-stock levels.

Walmart Inc.

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