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
DateValue
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