Walmart Inc. (WMT) Earnings Call Transcripts
Walmart Inc.'s Latest Earnings Call - September 16, 2026
In the earnings call for Walmart Inc. (WMT:US) held on September 16, 2026, management highlighted significant growth in the marketplace segment, reporting over 50% growth in Q1 and Q2 compared to the previous year. The company emphasized its strategic focus on enhancing assortment, pricing, and fulfillment capabilities, which are expected to drive continued growth. While specific revenue and earnings figures were not disclosed, management expressed optimism about future performance, particularly in international markets and through enhanced integration of marketplace and store operations.
Reported metrics
| Metric | Value |
|---|---|
| Online Pickup Delivery Growth | 43% (positive) |
| Walmart Fulfillment Services Sales | 50% (positive) |
| Conversion Rate Increase | 50% (positive) |
Guidance from management
Management signaled optimism for continued growth, especially in the marketplace segment and international markets, but did not provide specific numerical guidance for future quarters.
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 about how Walmart plans to educate sellers on the complexities of the marketplace and the competitive landscape. There were questions regarding how Walmart's marketplace will differentiate itself from established competitors.
Main topics on the call
- Marketplace Growth — Walmart's marketplace has seen over 50% growth in Q1 and Q2, attributed to improved assortment and fulfillment strategies. Manish Joneja stated, "when you look at our assortment... we still have gaps in assortment... tha...
- Integration of Marketplace and Stores — Management discussed the integration of marketplace offerings with physical stores, enhancing customer experience and fulfillment speed. Joneja noted, "we do not want you to feel any difference between a first-party prod...
- International Expansion — Walmart is extending its marketplace capabilities to Canada and Mexico, leveraging existing infrastructure. Joneja mentioned, "we're starting to have the same playbook, leveraging that basically accelerate those markets....
- Advertising and Fulfillment Services — The call highlighted the growing importance of advertising and fulfillment services, with 50% of sales coming through Walmart Fulfillment Services. Joneja stated, "we see 50% high conversion when IFS assets 15% lower cos...
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.
About Walmart Inc.
Walmart Inc. (WMT) is a publicly listed company in the Consumer Staples Distribution and Retail industry, within the Consumer Staples sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 103 calls on record spanning February 18, 2020 to September 16, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
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
- Calls on record
- 103
- First call
- February 18, 2020
- Most recent
- September 16, 2026
- Reporting cadence
- quarterly