Walmart (WMT): FY26 Q2 earnings call, Aug 21, 2025
On its Aug 21, 2025 earnings call (FY26 Q2), Walmart said 14 of the 19 words Kalshi listed; Parrot’s count agreed with all 19 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
19 words · 14 settled yes · our count agreed on 19 of 19- Kalshi: company speakers + operator
Kalshi
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Sam's Club | Yes | 13 | 13 | ✓ | 94%transcripts from the transcript model | – |
| China | Yes | 7 | 7 | ✓ | 92%transcripts from the transcript model | – |
| Back-to-school | Yes | 5 | 5 | ✓ | 69%transcripts from the transcript model | – |
| Q3 | Yes | 4 | 4 | ✓ | 81%transcripts from the transcript model | – |
| Automation | Yes | 2 | 2 | ✓ | 88%transcripts from the transcript model | – |
| Gross margin | Yes | 2 | 8 | ✓ | 87%transcripts from the transcript model | – |
| Profit faster than sales | Yes | 2 | 2 | ✓ | 79%transcripts from the transcript model | – |
| Omnichannel | Yes | 1 | 1 | ✓ | 74%transcripts from the transcript model | – |
| President | Yes | 1 | 1 | ✓ | 74%transcripts from the transcript model | – |
| Health and wellness | Yes | 1 | 1 | ✓ | 71%transcripts from the transcript model | – |
| Bentonville | Yes | 1 | 1 | ✓ | 67%transcripts from the transcript model | – |
| Brick-and-mortar | Yes | 1 | 1 | ✓ | 45%transcripts from the transcript model | – |
| Operating margin | Yes | 1 | 1 | ✓ | 29%transcripts from the transcript model | – |
| Free cash flow | Yes | 1 | 1 | ✓ | 26%transcripts from the transcript model | – |
| Capex | No | 0 | 0 | ✓ | 64%transcripts from the transcript model | – |
| Dividend | No | 0 | 0 | ✓ | 57%transcripts from the transcript model | – |
| Sustainability | No | 0 | 0 | ✓ | 33%transcripts from the transcript model | – |
| Retention | No | 0 | 0 | ✓ | 29%transcripts from the transcript model | – |
| Crypto / Bitcoin | No | 0 | 0 | ✓ | 16%transcripts from the transcript model | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 20, 2026 15:46 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
12 matches for “Membership”; 5 quoted, at least 25 words apart.
…and across markets internationally. Globally, we grew our marketplace by 17% and membership income by 15%. We grew global advertising by 46%, including Visio. Walmart…
…and business mix, most notably from higher margin areas, like advertising and membership fees. Walmart US e-commerce profitability continued to increase in Q2. As we…
…24%, and we saw 15% growth in international advertising led by Flipkart. Membership fee income was up over 15% across the enterprise. In the US,…
…is another great example of the increasing value of a Walmart Plus membership. Adjusted SG and A expenses deleveraged 35 basis points in Q2 due…
…as I ever have. We shared all the growth rates across advertising, membership, all those areas. That story still seems very much intact to me,…
Where the listed words were said
…from Walmart US, Kath McLay from Walmart International, and Chris Nicholas from Sam's Club. For additional detail on our results, including highlights by segment, please…
…view, we grew international sales by 10.5% in constant currency, led by China, Walmex, and Flipkart. International continues to help lift our top-line growth rate.…
…grocery was up 30% in the quarter compared to last year. Back to school is usually something of an indicator of how the holidays will…
…Q1 and Q2, as well as continued inflation in claims cost in Q3 and Q4 although we do not expect the same magnitude of increases…
…of share gains while investing in our associates, in our supply chain automation in stores and clubs, and in AI and technology. Now I'll get…
…and popularity of our Scan and Go app with members. Q2 consolidated gross margin increased four basis points on a reported basis and was up…
…our annual guidance in a minute. We're still driving towards growing profit faster than sales this year, and that's reflected in our guidance. Importantly, the…
…this year positions us well for sustained sales growth momentum and stronger omnichannel advantages into future years. As the cost of goods environment settles, we…
…is being recorded. I'll now turn the conference over to Steph Wissink, Senior Vice President, Investor Relations. Steph, you may begin. Thank you. Welcome, everyone.
…category mix remains a headwind. As sales growth in grocery and health and wellness outpaced general merchandise. In international, gross profit rate declined with continued…
…of our earnings stream. We are more than just a standard brick and mortar retail business. We have a much more diversified set of profit…
…currency basis. Driven by stronger than expected sales and continued on underlying operating margins, offset by higher claims cost. Adjusted EPS was up 1.5% to…
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