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Walmart (WMT) Cost of Revenue (2016 - 2026)

Walmart's Cost of Revenue history spans 17 years, with the latest figure at $134.7 billion for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 5.78% year-over-year to $134.7 billion; the TTM value through Oct 2025 reached $528.0 billion, up 4.05%, while the annual FY2025 figure was $511.8 billion, 4.41% up from the prior year.
  • Cost of Revenue for Q4 2025 was $134.7 billion at Walmart, up from $132.8 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $136.2 billion in Q1 2025 and bottomed at $103.3 billion in Q2 2021.
  • The 5-year median for Cost of Revenue is $121.3 billion (2023), against an average of $120.1 billion.
  • The largest YoY upside for Cost of Revenue was 10.13% in 2022 against a maximum downside of 0.23% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $105.0 billion in 2021, then rose by 10.08% to $115.6 billion in 2022, then rose by 4.82% to $121.2 billion in 2023, then increased by 5.08% to $127.3 billion in 2024, then increased by 5.78% to $134.7 billion in 2025.
  • Per Business Quant, the three most recent readings for WMT's Cost of Revenue are $134.7 billion (Q4 2025), $132.8 billion (Q3 2025), and $124.3 billion (Q2 2025).