WMT Walmart (WMT) Q4 FY25 earnings call
Walmart delivered strong Q4 FY25 results, with sales and adjusted operating income exceeding expectations, driven by robust omni-channel execution and growth in higher-margin businesses like advertising and membership. The company continues to invest in price and associates while improving e-commerce profitability and ROI. Management expressed confidence in its strategy and ability to navigate an uncertain macroeconomic environment, projecting accelerated profit growth for FY26 after adjusting for one-off impacts.
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WMT operating KPIs by quarter
| KPI | Oct 2025 Q3 FY26 | Jan 2026 Q4 FY26 | Change vs prior quarter |
|---|---|---|---|
| Employees | 2.1MJohn, you have 2.1 million associates standing behind you as you lead us in this next chapter.Source: earnings call transcript | 2M+And then finally, I just want to thank our associates all around the world, over 2 million people who are working really hard each and every day to serve our customers.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.