Walmart (WMT) Cost of Revenue (2009 - 2026)
Walmart (WMT) posted Cost of Revenue of $133.1 billion for Q2 2026, down 7.35% sequentially from $143.6 billion in Q1 2026, and up 7.04% YoY from $124.3 billion in Q2 2025.
Walmart (WMT) Cost of Revenue (2009 - 2026) Analysis & Trends
Walmart has reported Cost of Revenue for 18 years, with the latest figure at $133.1 billion in Q2 2026.
- Quarterly Cost of Revenue rose 7.04% year-over-year to $133.1 billion in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $544.2 billion (up 5.74% YoY) and the FY2026 annual result came in at $535.4 billion, up 4.62% from the prior year.
- Cost of Revenue retreated to $133.1 billion in Q2 2026 per WMT's latest filing, from $143.6 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $143.6 billion in Q1 2026 and troughed at $106.8 billion in Q2 2022.
- A 5-year average of $125.0 billion and a median of $124.9 billion in 2023 frame the typical range for Cost of Revenue.
- The widest YoY moves for Cost of Revenue: up 10.13% in 2022, down 0.23% in 2022.
- Over 5 years, Cost of Revenue stood at $115.6 billion in 2022, then grew by 4.82% to $121.2 billion in 2023, then rose by 5.08% to $127.3 billion in 2024, then climbed by 5.78% to $134.7 billion in 2025, then retreated by 1.22% to $133.1 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $133.1 billion, $143.6 billion, and $134.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 824.27 Bn | 813.54 Bn | 44.69 Bn | 133.06 Bn |
| 2 | Costco Wholesale | 420.42 Bn | 400.43 Bn | 9.01 Bn | 61.52 Bn |
| 3 | Target | 74.99 Bn | 71.45 Bn | 7.38 Bn | 18.06 Bn |
| 4 | Dollar General | 27.11 Bn | 25.76 Bn | 3.41 Bn | 7.38 Bn |
| 5 | Dollar Tree | 25.75 Bn | 24.74 Bn | 1.83 Bn | 3.14 Bn |
| 6 | BJ's Wholesale Club Holdings | 12.37 Bn | 12.34 Bn | 1.03 Bn | 4.63 Bn |
| 7 | Bbb Foods | 6.05 Bn | 5.36 Bn | 250.62 Mn | 1.25 Bn |
| 8 | Pricesmart | 5.24 Bn | 4.92 Bn | 262.22 Mn | 1.22 Bn |
| 9 | Ollie's Bargain Outlet Holdings | 4.63 Bn | 4.38 Bn | 275.96 Mn | 382.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 133.06 Bn |
| Apr 30, 2026 | 133.06 Bn |
| Jan 31, 2026 | 143.62 Bn |
| Jan 31, 2026 | 143.62 Bn |
| Oct 31, 2025 | 134.71 Bn |
| Oct 31, 2025 | 134.71 Bn |
| Jul 31, 2025 | 132.77 Bn |
| Jul 31, 2025 | 132.77 Bn |
| Apr 30, 2025 | 124.30 Bn |
| Apr 30, 2025 | 124.30 Bn |
| Jan 31, 2025 | 136.17 Bn |
| Jan 31, 2025 | 136.17 Bn |
| Oct 31, 2024 | 127.34 Bn |
| Oct 31, 2024 | 127.34 Bn |
| Jul 31, 2024 | 126.81 Bn |
| Jul 31, 2024 | 126.81 Bn |
| Apr 30, 2024 | 121.43 Bn |
| Apr 30, 2024 | 121.43 Bn |
| Jan 31, 2024 | 131.83 Bn |
| Jan 31, 2024 | 131.83 Bn |