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Walmart International

Q2 FY27 net sales rose 12.8% to $35.2B (7.9% in constant currency).

WMT market data

The numbers

Walmart International net sales$35.2BQ2 FY27 (quarter ended Jul 31, 2026) · +12.8% YoY (+7.9% constant currency) · source ↗

What it is

Walmart's operations outside the US, including Flipkart in India and PhonePe, the digital payments app. The segment has grown faster than the US business in recent quarters but earns lower margins.

Why it matters to the stock. The gap between reported growth and constant-currency growth shows how much currency moves are flattering or hurting the top line. India e-commerce and payments are the largest growth options.

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