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, [...]
