Walmart Reports 5.5% Revenue Growth to $169.6 Billion in Q3 Fiscal 2025

Walmart Inc. reported its financial results for the third quarter of fiscal 2025, ending October 31, 2024, revealing a total revenue of $169.6 billion, a 5.5% increase from $160.8 billion in the same period last year. The company's net sales rose to $168.0 billion, up from $159.4 billion, while membership and other income increased by 16.1% to $1.6 billion. Consolidated net income for the quarter was $4.7 billion, significantly higher than $643 million reported in the prior year, resulting in a diluted net income per share of $0.57, compared to $0.06 in the same quarter of the previous year.

The financial performance reflects a notable improvement in operating income, which rose to $6.7 billion, an increase of 8.2% from $6.2 billion in the prior year. This growth was attributed to strong sales in the U.S. segment, which saw net sales increase by 5.0% to $114.9 billion, driven by a 5.1% increase in comparable sales. The Walmart International segment also contributed positively, with net sales rising 8.0% to $30.3 billion, despite currency fluctuations negatively impacting revenues by approximately $1.2 billion.

Walmart's strategic initiatives included a focus on eCommerce, which contributed significantly to sales growth. The company reported that eCommerce sales accounted for approximately 2.8% of comparable sales in the U.S. segment for the quarter. Additionally, Walmart continued to expand its membership offerings, with membership and other income reflecting strong growth globally. The company also announced the completion of its acquisition of Vizio Holding Corp. for approximately $2 billion, aimed at enhancing its product offerings.

Operationally, Walmart maintained a steady employee headcount of 10,660 stores and clubs, with retail square footage remaining consistent at 1,050 million square feet. The company reported a working capital deficit of $15.6 billion, consistent with the previous year, reflecting its efficient cash management practices. Walmart's cash and cash equivalents stood at $10.0 billion, down from $12.2 billion a year earlier, while net cash provided by operating activities increased to $22.9 billion, up from $19.0 billion.

Looking ahead, Walmart anticipates continued challenges in the macroeconomic environment, including inflationary pressures and supply chain disruptions. The company remains committed to its growth strategy, focusing on enhancing its omni-channel capabilities and improving operating margins through productivity initiatives. Walmart's management expressed confidence in its ability to navigate these challenges while delivering value to customers and shareholders.