Keep pulling the thread on Walmart Connect.
In the fourth quarter, Walmart's revenue increased by 4.9% in constant currency.
Walmart's e-commerce sales grew by 24% in the fourth quarter.
In the fourth quarter, Walmart's adjusted operating income grew by 10.5%.
For the full year, Walmart's revenue grew by approximately 5% in constant currency, adding $35 billion and exceeding $700 billion for the first time.
Walmart's full-year adjusted operating income grew 5.4%, despite a 300 basis point headwind from increased claims expenses and tariffs.
Walmart's global advertising businesses increased sales by 37% in Q4, with Walmart Connect in the U.S. growing by 41%.
In Q4, the combination of advertising income and membership fees represented nearly one-third of Walmart's operating income.
Walmart's e-commerce sales exceeded $150 billion for the first time in FY26.
Walmart's global advertising businesses generated $6.4 billion in revenue in FY26, a 46% increase year-over-year.
For the upcoming full year, Walmart expects constant currency sales to grow between 3.5% and 4.5%.
Walmart projects its full-year operating income will grow between 6% and 8%.
Walmart's board has authorized a $30 billion share repurchase program, its largest to date.