PhonePe Esop expenses weigh on Walmart’s Q3 operating income

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US retail giant Walmart’s operating income fell 0.2% in the third quarter of fiscal 2026 due to employee stock option-related expenses at its subsidiary PhonePe, ahead of the digital payments firm’s planned public listing in India.

For the quarter ended on October 31, Walmart’s operating revenue rose 5.8% from a year earlier to $179.5 billion, while gross profit rate stood at 24.2%.

PhonePe in September filed a draft red herring prospectus through the confidential route with the Securities and Exchange Board of India for an initial public…



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PhonePe Esop expenses weigh on Walmart’s Q3 operating income



US retail giant Walmart’s operating income fell 0.2% in the third quarter of fiscal 2026 due to employee stock option-related expenses at its subsidiary PhonePe, ahead of the digital payments firm’s planned public listing in India.

For the quarter ended on October 31, Walmart’s operating revenue rose 5.8% from a year earlier to $179.5 billion, while gross profit rate stood at 24.2%.

PhonePe in September filed a draft red herring prospectus through the confidential route with the Securities and Exchange Board of India for an initial public…



Source link

Disclaimer

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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