Walmart Inc.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Walmart Inc. (WMT). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | Q2 2025 | Q3 2025 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|
| Walmart U.S. | $112.16B 68.4% | $120.91B 68.8% | $117.17B 66.7% | $125.19B 67.3% |
| Walmart International | $29.75B 18.1% | $31.20B 17.8% | $35.11B 20.0% | $35.20B 18.9% |
| Sam's Club U.S. | $22.06B 13.5% | $23.64B 13.4% | $23.41B 13.3% | $25.71B 13.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | Q2 2025 | Q3 2025 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|
| Walmart U.S. | $5.70B 5.1% | $6.73B 5.6% | $5.90B 5.0% | $8.12B 6.5% |
| Walmart International | $1.29B 4.3% | $1.23B 4.0% | $1.60B 4.6% | $1.44B 4.1% |
| Sam's Club U.S. | $666.0M 3.0% | $470.0M 2.0% | $674.0M 2.9% | $678.0M 2.6% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Operating metrics
Operating metrics are the figures a company uses to measure its own business — customer counts, stores, deliveries or the churn rate. None of them appear in the financial statements, and they often explain earlier than revenue does why revenue is moving.
| Metric | Q2 2025 | Q3 2025 | Q4 2025 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|---|
| Total unit counts | 10,784 | 10,797 | 10,822 | 10,974 +1.8% | 11,000 +1.9% |
| Walmart International unit counts | 5,578 | 5,591 | 5,615 | 5,759 +3.2% | 5,783 +3.4% |
| Walmart U.S. unit counts | 4,606 | 4,606 | 4,606 | 4,614 +0.2% | 4,615 +0.2% |
| Sam's Club U.S. unit counts | 600 | 600 | 601 | 601 +0.2% | 602 +0.3% |
| Sam's Club U.S. comparable sales growth | 2.8% | 3.3% | 2.8% | 5.9% +110.7% | 8.6% +160.6% |
| Walmart U.S. eCommerce contribution to comparable sales | 3.4% | 4.0% | 4.4% | 5.2% +52.9% | 4.9% +22.5% |
| Walmart U.S. comparable sales growth | 3.1% | 4.7% | 4.8% | 4.3% +38.7% | 3.3% -29.8% |
| Sam's Club U.S. eCommerce contribution to comparable sales | 3.3% | 3.4% | 3.0% | 3.1% -6.1% | 3.1% -8.8% |
These metrics are not part of the financial statements; they sit in the narrative text of the filings. We read them out of the SEC filings using artificial intelligence and check every single figure against the original passage in the report; anything that is not found there verbatim is discarded. Source: SEC EDGAR (annual and quarterly reports, 10-K/10-Q).
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: September 22, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.