Walmart: Releases Q2-2025 Financial Results

Bentonville / AR. (wama) Walmart Inc. announces second quarter (Q2-2025) results with strong growth in revenue and operating income. Globally, eCommerce penetration is higher across all segments. Walmart U.S. comparable sales up 4.2 percent. Looking ahead, the Company issues guidance for Q3-2025 and raises its outlook for FY-2025. For Q3-2025, net sales are expected to grow 3.25 percent to 4.25 percent and operating income to grow 3.0 percent to 4.5 percent in constant currency. For FY-2025, net sales are expected to grow 3.75 percent to 4.75 percent and adjusted operating income to grow 6.5 percent to 8.0 percent in constant currency. Second quarter highlights:

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

President and CEO Doug McMillon: «Our team delivered another strong quarter. They work hard every day to help our customers and members save time and money. Each part of our business is growing – store and club sales are up, eCommerce is compounding as we layer on pickup and even faster growth in delivery as our speed improves. Our newer businesses like marketplace, advertising, and membership, are also contributing, diversifying our profits and reinforcing the resilience of our business model.»

For additional information please read the Company’s PDF file below (465 KB):

20240816-WALMART-Q22025.