Walmart (WMT) Debt to Equity (2009 - 2026)
Walmart's (WMT) quarterly Debt to Equity came in at $0.47 in Q2 2026, down 2.52% year-on-year from $0.48 in Q2 2025, and up 31.06% quarter-over-quarter from $0.36 in Q1 2026.
Walmart (WMT) Debt to Equity (2009 - 2026) Analysis & Trends
Walmart has disclosed Debt to Equity across 18 years of filings, most recently posting $0.47 for Q2 2026.
- Debt to Equity for Q2 2026 came in at $0.47, down 2.52% year-over-year; the trailing twelve-month figure through Apr 2026 was $0.47 (down 2.52% YoY), and the FY2026 annual result was $0.36, down 2.46% from the prior year.
- Debt to Equity came in at $0.47 for Q2 2026 at Walmart, up from $0.36 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $0.58 in Q4 2023 to a low of $0.36 in Q1 2026.
- The 5-year median for Debt to Equity is $0.43 (2024), against an average of $0.44.
- Across the five-year window, Debt to Equity grew 20.36% in 2023 and slumped 32.22% in 2024, its largest moves.
- Walmart's Debt to Equity stood at $0.49 in 2022, then climbed by 18.48% to $0.58 in 2023, then plunged by 32.22% to $0.39 in 2024, then rose by 0.07% to $0.4 in 2025, then rose by 19.56% to $0.47 in 2026.
- The last three Debt to Equity figures came in at $0.47 (Q2 2026), $0.36 (Q1 2026), and $0.4 (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 948.87 Bn | 944.49 Bn | 42.63 Bn | 0.47 |
| 2 | Costco Wholesale | 430.50 Bn | 412.26 Bn | 8.88 Bn | 0.18 |
| 3 | Target | 57.41 Bn | 53.87 Bn | 7.38 Bn | 0.94 |
| 4 | Dollar General | 24.07 Bn | 22.93 Bn | 3.32 Bn | 0.54 |
| 5 | Dollar Tree | 22.05 Bn | 21.05 Bn | 1.83 Bn | 0.84 |
| 6 | BJ's Wholesale Club Holdings | 11.52 Bn | 11.49 Bn | 1.03 Bn | 0.36 |
| 7 | Pricesmart | 5.32 Bn | 5.02 Bn | 265.07 Mn | 0.12 |
| 8 | Ollie's Bargain Outlet Holdings | 4.78 Bn | 4.48 Bn | 310.92 Mn | 0.00 |
| 9 | Bbb Foods | 22.39 Mn | -214.25 Mn | 210.92 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.47 |
| Jan 31, 2026 | 0.36 |
| Oct 31, 2025 | 0.40 |
| Jul 31, 2025 | 0.41 |
| Apr 30, 2025 | 0.48 |
| Jan 31, 2025 | 0.37 |
| Oct 31, 2024 | 0.39 |
| Jul 31, 2024 | 0.43 |
| Apr 30, 2024 | 0.47 |
| Jan 31, 2024 | 0.44 |
| Oct 31, 2023 | 0.58 |
| Jul 31, 2023 | 0.47 |
| Apr 30, 2023 | 0.50 |
| Jan 31, 2023 | 0.42 |
| Oct 31, 2022 | 0.49 |
| Jul 31, 2022 | 0.47 |
| Apr 30, 2022 | 0.42 |
| Jan 31, 2022 | 0.38 |
| Oct 31, 2021 | 0.46 |
| Jul 31, 2021 | 0.46 |