Walmart+ and Sam's Club memberships
Global membership fee revenue rose 17% in Q2 FY27, described by the company as an all-time high.
The numbers
What it is
Paid membership programs: Walmart+ for delivery and fuel discounts, and Sam's Club membership fees. Fee income is recurring and high-margin, and it funds lower prices.
Why it matters to the stock. Membership fees are one of the three profit levers (with advertising and e-commerce margins) the company is using to offset price investment.
News
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Walmart raises FY27 outlook but guides Q3 adjusted EPS to $0.62–$0.64
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Walmart Q4 FY26 revenue rises 5.6% to $190.7B; FY27 adjusted EPS guided to $2.75-$2.85
Walmart reported fourth-quarter fiscal 2026 revenue of $190.7 billion, up 5.6%, with e-commerce growing 24% globally.
Walmart and Google plan shopping in Gemini with Walmart and Sam's Club items
Walmart and Google said Gemini will surface Walmart and Sam's Club products during shopping conversations, using Google's Universal Commerce Protocol.