Discount retailer Walmart (WMT) has reported fourth-quarter 2025 financial results that narrowly beat Wall Street forecasts and offered soft forward guidance.
The Arkansas-based company announced earnings per share (EPS) of $0.74 U.S., which was slightly ahead of the $0.73 U.S. expected among analysts.
Revenue in the period totaled $190.66 billion U.S., narrowly beating the $190.43 billion U.S. consensus forecast on Wall Street. Sales were up 6% from a year earlier.
Management attributed the results for the year-end holiday quarter to strong performances from its e-commerce and advertising platforms.
Same-store sales rose 4.6% for Walmart’s U.S. business and 4% for its Sam’s Club warehouses in the fourth quarter compared with the year-ago period.
Walmart’s e-commerce sales in the U.S. increased 27% year-over-year, fueled by store-fulfilled pickup and delivery of online orders.
That marked the company’s 15th straight quarter of double-digit gains in its e-commerce unit. Global e-commerce sales increased 24% year-over-year in Q4 2025.
However, the company’s forward guidance came up short.
For all of this year, Walmart said it expects sales to increase 3.5% to 4.5% and earnings per share to range from $2.75 U.S. to $2.85 U.S.
That outlook was short of Wall Street’s expectations of $2.96 U.S. a share in earnings.
For the first time, rival Amazon (AMZN) topped Walmart as the largest U.S. retailer by annual revenue.
Amazon posted $716.9 billion U.S. in sales for 2025 compared with $713.2 billion U.S. at Walmart.
Walmart’s latest print was the first under new Chief Executive Officer (CEO) John Furner, who took the helm of the company on Feb. 1 of this year.
Along with getting a new CEO, Walmart moved its stock to the technology-heavy Nasdaq (NDAQ) exchange last December and recently achieved a $1 trillion U.S. market capitalization.
WMT stock has risen 22% over the last 12 months to trade at $126.62 U.S. per share.
