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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Walmart (WMT) Gross Margin (2016 - 2026)

Walmart's Gross Margin history spans 18 years, with the latest figure at 23.98% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 60.0% to 23.98% in Q1 2026 year-over-year; TTM through Jan 2026 was 24.57%, a 11.0% decrease, with the full-year FY2026 number at 24.21%, down 64.0% from a year prior.
  • Gross Margin hit 23.98% in Q1 2026 for Walmart, down from 24.95% in the prior quarter.
  • Over the last five years, Gross Margin for WMT hit a ceiling of 25.11% in Q3 2024 and a floor of 20.94% in Q1 2023.
  • Historically, Gross Margin has averaged 24.14% across 5 years, with a median of 24.31% in 2023.
  • Biggest five-year swings in Gross Margin: crashed -349bps in 2023 and later skyrocketed 238bps in 2024.
  • Tracing WMT's Gross Margin over 5 years: stood at 23.67% in 2022, then grew by 4bps to 24.64% in 2023, then grew by 1bps to 24.91% in 2024, then rose by 0bps to 24.95% in 2025, then dropped by -4bps to 23.98% in 2026.
  • Business Quant data shows Gross Margin for WMT at 23.98% in Q1 2026, 24.95% in Q4 2025, and 24.45% in Q3 2025.