Walmart U.S. e-commerce sales grew 24% in the most recent quarter ended July 31, 2026, driven by accelerated store-fulfilled delivery, marketplace expansion, and advertising revenue. This performance, alongside consistent double-digit gains for seven straight quarters and share gains from higher-income households, underpins the 75.5% market-implied probability for 21-25% growth in the current Q3 period. Traders are pricing in sustained momentum from omnichannel investments and improved fulfillment economics, while the narrower 14.5% odds on 25-29% reflect limited room for acceleration absent major catalysts before earnings. Q3 results, expected in mid-November, will resolve the contract.