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Walmart’s international business saw a sharp drop in profit in the September (Q3 FY26) quarter after it booked a $700 Mn non-cash, share-based compensation charge tied to PhonePe’s upcoming IPO
In its post earnings call, the retail giant’s CFO John David Rainey explained that the expense stemmed from a revaluation of share-based compensation in its Indian fintech subsidiary in the run up to its IPO
For the quarter ended September 2026, Walmart International’s operating income…
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Walmart’s international business saw a sharp drop in profit in the September (Q3 FY26) quarter after it booked a $700 Mn non-cash, share-based compensation charge tied to PhonePe’s upcoming IPO
In its post earnings call, the retail giant’s CFO John David Rainey explained that the expense stemmed from a revaluation of share-based compensation in its Indian fintech subsidiary in the run up to its IPO
For the quarter ended September 2026, Walmart International’s operating income…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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