Prime Highlights
- Walmart International reported $32.7 billion in sales, reflecting a 10.5% rise in constant currency, while net sales stood at $31.2 billion, a 5.5% increase.
- Growth was driven primarily by Flipkart in India, operations in China, and Walmex in Mexico and Central America
Key Facts
- Walmart’s total revenue reached $177.4 billion, showing a 4.8% year-on-year rise and 5.6% growth in constant currency terms.
- Flipkart also led a 15% increase in Walmart International’s advertising business, underlining its growing influence
Background
Walmart Inc. on Thursday reported strong growth in its international operations for the second quarter of FY26, with Flipkart, China, and Walmex driving the numbers. The retail giant said Walmart International, which runs businesses across 18 countries outside the United States, posted a 10% increase in sales in constant currency terms.
In its earnings report, the company reported net sales growth to be led by its e-commerce business Flipkart in India, China, and Walmex, Walmart’s unit in Mexico and Central America. The transaction volumes and unit volumes also increased in the major foreign markets.
For the quarter, Walmart International recorded $32.7 billion in sales, a 10.5% rise in constant currency, while net sales stood at $31.2 billion, marking a 5.5% increase. At the consolidated level, Walmart’s total revenue touched $177.4 billion, reflecting a 4.8% year-on-year rise and 5.6% growth in constant currency terms. Walmart International’s advertising business also registered healthy growth of 15%, with Flipkart leading the charge. The Bengaluru-headquartered e-commerce platform, acquired by Walmart in 2018 for $16 billion, has since seen Walmart increase its stake to over 80%.
However, Walmart International brought in slightly less operating income of 9.8 percent to 1.2 billion dollars as the company continued to make strategic investments for growth in India, Canada, and Mexico.
Walmart follows a February–January financial year. The Bentonville-headquartered retailer said its global business is benefiting from strong consumer demand and digital growth, with Flipkart playing a key role in driving sales momentum in international markets
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