Walmart [3] recently announced its fourth-quarter results for fiscal year 2026 (ending Jan. 31, 2026), along with its full-year financial report. Total revenue rose by 4.7% to $713.2 billion, while adjusted operating income grew by 5.4% to $31.1 billion.

For the fourth quarter, Walmart reported a total revenue of $190.7 billion, up by 5.6% compared with the same quarter of last year, or 4.9% after adjusting for currency fluctuations. Adjusted operating income for the quarter was $8.6 billion, up by 10.5% year on year. Global e-commerce sales grew by 24% and now account for 23% of net sales — a company record. In China, Walmart’s e-commerce net sales rose by 28%, representing more than half of overall sales.

In the fourth quarter, Walmart China recorded net sales of $6.1 billion, up by 19.3% year on year. Although this year’s Spring Festival occurred after the end of the fiscal year, missing the usual holiday shopping peak, comparable sales still grew by 10.7% in the quarter.

Sam’s Club [4] also maintained strong momentum in China, with the transaction volume growing in double digits. In 2025, 10 new stores were opened, with six of them added in the fourth quarter alone. As of Dec. 31, 2025, Sam’s Club had 63 stores in China. At the current pace of opening 8–10 new stores per year, the total number of stores is expected to reach 73 in 2026.

According to the reports, Sam’s Club China exceeded 140 billion Chinese yuan ($20.3 million) in sales in 2025, up by 40% from 2024. The number of paid members surpassed 10 million for the first time, rising to 10.7 million by the end of 2025. Based on sales figures, the average annual spending per member was about 13,000 yuan ($1,885).

Image: Walmart China

This article was translated from Chinese. Read the original article [5].