Walmart Inc. reported that global membership fee revenues rose 17% year over year in the second quarter of fiscal 2027, reaching an all-time high, as membership becomes a more meaningful contributor to its overall business. Walmart+ posted double-digit growth in the United States on record second-quarter net additions and its strongest first-half membership growth since launch, while Walmart U.S. membership and other income rose 15.6%. Sam's Club U.S. membership fee revenues increased nearly 6% on steady member-account growth and higher Plus penetration, international membership fee revenues climbed 28%, Sam's Club China reached record member counts, and Walmart launched Walmart+ in Canada during the quarter. Walmart noted that members spend approximately four times more than non-members, and membership revenues contributed to improving Walmart U.S. e-commerce economics alongside advertising, delivery-network density, fee-based expedited delivery and automation. The company, which competes with Costco Wholesale Corporation and Target Corporation, carries a Zacks Rank #3 (Hold), and the Zacks Consensus Estimate implies current fiscal-year sales and earnings per share growth of 5.3% and 8.7%, respectively.
Walmart Inc.Membership fee revenue hit a record, up 17% YoY, with Walmart+ record net additions and strongest first-half growth since launch.
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Target Corporation
