Walmart (WMT) Revenue — Quarter Ended Apr 30, 2025
Revenue declined sequentially from the immediately preceding quarter but rose compared to the same quarter a year ago. The sequential decrease reflects typical post-holiday seasonality while the year-over-year gain indicates underlying growth.
Key takeaway
Quarter ended Apr 30, 2025 · FY2026 Q1
Revenue declined sequentially from the immediately preceding quarter but rose compared to the same quarter a year ago. The sequential decrease reflects typical post-holiday seasonality while the year-over-year gain indicates underlying growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$164B
Revenue reported for this quarter.
Quarter-over-quarter
-8.3%
Change from the immediately preceding quarter.
Year-over-year
+2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$678.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2024 | $167.8B | +4.7% |
| Oct 31, 2024 | $168B | +5.4% |
| Jan 31, 2025 | $178.8B | +4.0% |
| Apr 30, 2025 | $164B | +2.5% |
Revenue performance
For the quarter, total revenues came in lower than the prior quarter but higher than the same quarter last year. This pattern aligns with seasonal trends.
Quarterly comparison
Compared to the prior quarter, revenue decreased sharply, while compared to the same period a year earlier, it showed a modest increase. The year-over-year growth was driven by both net sales and membership income.
What to watch
Monitor whether the sequential revenue decline is within normal seasonal patterns in future quarters.