Walmart Inc. (WMT) Earnings Call Transcripts

Walmart Inc.'s Latest Earnings Call - September 16, 2026

In the Q2 fiscal year 2026 earnings call, Walmart Inc. reported strong marketplace growth, with a notable 52% increase in general merchandise sales attributed to its marketplace segment. The company emphasized its strategic focus on enhancing assortment, pricing, and fulfillment speed, which management believes will continue to drive growth. Although specific revenue and earnings figures were not disclosed, management indicated that the marketplace is becoming a critical component of Walmart's overall business strategy, with plans to leverage its extensive supply chain and fulfillment capabilities to enhance customer experience and drive sales growth.

Reported metrics

Guidance from management

Management signaled continued strong growth in the marketplace segment and indicated plans to further integrate marketplace offerings with physical store capabilities, although no specific revenue guidance was provided.

What management said

So right now in the back room, we're starting with the back room to place there. Sellers do want more space. They want to sell more, they want to offer. We -- the first question was like about growth, right? We have to make sure it's the right items. Every item is not the right item for every store and every month. So we have to work backwards from what's selling. So partnering with sellers and our insights seem to ...

What analysts pressed on

Analysts expressed concerns regarding the competitive landscape and how Walmart's marketplace can differentiate itself from established players. There were also questions about the sustainability of growth rates as the marketplace matures.

Main topics on the call

• Marketplace Growth Acceleration — Walmart's marketplace has seen over 50% growth in the first two quarters of 2026, driven by improved assortment and fulfillment capabilities. Manish Joneja stated, "When that whole pipeline fires up, you see basically co...
• Integration of Marketplace and Stores — Walmart is enhancing the integration between its marketplace and physical stores, allowing for faster delivery options. Joneja noted, "We do not want you to feel any difference between a first-party product or a third-pa...
• International Expansion — Walmart is extending its marketplace model to Canada and Mexico, leveraging its existing infrastructure. Joneja mentioned, "We are starting to have the same playbook, leveraging that basically accelerate those markets."
• Higher Margin Revenue Streams — The marketplace is positioned as a key driver for Walmart's second P&L growth, with Joneja stating, "Marketplace is a lynchpin for our second P&L growth." This indicates a strategic focus on higher-margin revenue opportu...

Read the full Walmart Inc. transcript (September 16, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 103 Walmart Inc. earnings call transcripts on record, spanning February 18, 2020 to September 16, 2026. Based on this history, Walmart Inc. reports quarterly. The most recent call on file is dated September 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

WMT

Exchange

NasdaqGS

Country

US

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

103

First call

February 18, 2020

Most recent

September 16, 2026

Reporting cadence

quarterly