Walmart Q3 2025 Earnings Shatter Forecasts with 34% Income Surge

Walmart Inc. reported blockbuster financial results for its fiscal third quarter of 2025. The retail giant’s net income soared to $6.14 billion, a stunning 34.2% increase year-over-year. Total revenue climbed 5.8% to reach $179.5 billion.

These figures significantly outpaced Wall Street expectations. The strong performance was largely fueled by a massive 28% jump in U.S. e-commerce sales.

Leadership Transition and Market Reaction

In a major announcement, CEO Doug McMillon confirmed his retirement. He will step down in February 2026. John Furner, the current CEO of Walmart U.S., has been named as his successor.

According to Reuters, the leadership change comes at a time of robust growth for the company. The news did not negatively impact investor confidence.

Walmart’s stock price surged 6.67% following the earnings release. The company also plans to move its stock listing from the NYSE to the NASDAQ in December.

Driving Forces Behind the Growth

E-commerce was the undeniable engine of this quarter’s success. Online sales growth was not confined to the U.S., with international e-commerce also rising by 26%.

Walmart’s advertising business, Walmart Connect, saw revenue grow by 33%. The company’s grocery segment continued to dominate, gaining market share from competitors.

Its international segment performed exceptionally well. Net sales outside the U.S. grew 10.8% to $33.5 billion.

Sam’s Club also contributed to the positive results. The warehouse chain posted a 3.1% sales increase and a 22% rise in e-commerce.

Walmart’s impressive Q3 2025 earnings demonstrate its resilient business model and successful digital transformation. The company is well-positioned for the future as it prepares for a smooth leadership transition and continues to capitalize on the growing e-commerce trend.

Info at your fingertips

Who is replacing Doug McMillon as CEO?

John Furner will become the new CEO of Walmart in February 2026. He currently leads the company’s massive U.S. operations. His deep experience within the company ensures a strategic transition.

Why did Walmart’s stock price jump?

The stock rose due to the strong earnings report and raised future guidance. Investors were pleased with the 34% net income growth and booming online sales. The positive market reaction added billions to its market value.

How much did e-commerce grow?

E-commerce sales in the United States increased by 28% compared to the same period last year. Internationally, online sales grew by a similarly strong 26%. This digital growth is a central part of Walmart’s strategy.

What was the performance of Sam’s Club?

Sam’s Club reported $23.55 billion in net sales, a 3.1% increase. Its e-commerce sales rose by 22%, contributing significantly to its comparable sales growth. Membership income also saw a healthy uptick.

Where did Walmart see international growth?

Key international markets like India, China, and Mexico (Walmex) were major contributors. Flipkart’s “Big Billion Days” event in India generated over $1 billion in sales on its first day. Overall international net sales jumped 10.8%.

Trusted Sources

Reuters, Associated Press, CNBC, The Wall Street Journal, Bloomberg.