Earnings Recap: Walmart, Wayfair, and EPAM Report Q4 2025 Results

In the latest earnings season, major players across different industries have reported their financial results for the fourth quarter and full year of 2025. Walmart (NYSE: WMT), Wayfair (NYSE: W), and EPAM Systems (NYSE: EPAM) have all released their earnings, showcasing their financial health and strategic direction as they navigate through evolving market conditions.

While Walmart reported strong revenue and earnings growth, Wayfair demonstrated its capability to capture market share with a significant earnings beat despite a challenging retail environment. Meanwhile, EPAM Systems, a leader in digital transformation, exceeded expectations with robust growth in both revenue and earnings per share, driven by its strategic investments in AI and digital capabilities.

Walmart, the retail giant, reported a revenue of $190.7 billion for the quarter, surpassing the expected $190.4 billion. The company’s earnings per share (EPS) came in at $0.74, slightly above the anticipated $0.73. Wayfair, an online home goods retailer, reported a revenue of $3.3 billion, aligning with expectations, but its EPS of $0.85 significantly outperformed the expected $0.68.

EPAM Systems, known for its digital transformation services, reported a revenue of $1.41 billion, exceeding the expected $1.39 billion, with an EPS of $3.26, beating the forecasted $3.15. These results highlight the diverse strategies and market conditions faced by each company, as they continue to adapt and thrive in their respective industries.

How Walmart, Wayfair, and EPAM Performed in Q4

Walmart’s fourth-quarter performance demonstrated resilience and strategic growth in a competitive retail landscape. The company’s revenue of $190.7 billion marked a 5.6% increase year-over-year, driven by a 24% surge in global eCommerce sales and robust growth in its advertising business.

The adjusted EPS of $0.74, excluding certain investment losses, slightly exceeded expectations, reflecting the company’s effective cost management and strategic investments in digital capabilities. Walmart’s U.S. comp sales grew by 4.6%, underscoring its strong market position and the success of its omni-channel strategy.

Wayfair’s performance in the fourth quarter showcased its ability to capture market share despite a challenging retail environment. The company’s revenue of $3.3 billion represented a 6.9% increase year-over-year, driven by a 7.4% growth in U.S. net revenue.

Wayfair’s EPS of $0.85 significantly outperformed expectations, highlighting the company’s effective cost management and strategic focus on profitability. The online retailer reported a notable increase in average order value and a steady rise in active customers, signaling strong customer engagement and loyalty.

EPAM Systems delivered a strong fourth quarter, with revenue increasing to $1.41 billion, a 12.8% rise year-over-year. The company’s focus on AI and digital transformation services drove its impressive performance, as evidenced by a 14.8% increase in Non-GAAP diluted EPS to $3.26.

EPAM’s strategic investments in AI innovation and talent development have positioned it well for continued growth, as it reported a 5.6% organic constant currency revenue growth compared to the previous year.

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2026 Guidance: What Each Company Expects Next

Looking ahead, Walmart has provided guidance for fiscal 2027, anticipating a revenue growth rate of 3.5% to 4.5% and an adjusted operating income growth of 6.0% to 8.0%. The company expects its adjusted EPS to range between $2.75 and $2.85 for the year.

Walmart’s strategic focus on eCommerce and digital transformation, along with its robust supply chain capabilities, are expected to drive its growth trajectory in the coming year.

Wayfair’s outlook for the future is optimistic, with the company emphasizing its strategic investments in technology and customer experience to fuel growth. The company expects to continue capturing market share, driven by its omni-channel strategy and focus on profitability.

Wayfair’s guidance reflects its confidence in sustaining its growth momentum, as it continues to enhance its logistics network and leverage AI and machine learning technologies to improve customer experience and operational efficiency.

EPAM Systems has provided guidance for 2026, projecting a revenue growth rate of 4.5% to 7.5% and a Non-GAAP income from operations margin of 15% to 16%. The company expects its Non-GAAP diluted EPS to range between $12.60 and $12.90 for the year.

EPAM’s strategic focus on AI transformation and digital capabilities positions it well for continued growth, as it aims to drive measurable value for its clients through innovation and digital investments. The company’s strong financial position and strategic partnerships are expected to support its growth initiatives in the coming year.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.