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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 (WMT) has disclosed Gross Margin for 18 consecutive years, with 23.98% as the latest value for Q1 2026.

  • Quarterly Gross Margin fell 60.0% to 23.98% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 24.57% through Jan 2026, down 11.0% year-over-year, with the annual reading at 24.21% for FY2026, 64.0% down from the prior year.
  • Gross Margin hit 23.98% in Q1 2026 for Walmart, down from 24.95% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 25.11% in Q3 2024 to a low 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.
  • Year by year, Gross Margin stood at 23.67% in 2022, then increased by 4bps to 24.64% in 2023, then increased by 1bps to 24.91% in 2024, then grew by 0bps to 24.95% in 2025, then decreased 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.