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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 17 years, with the latest figure at 24.95% for Q4 2025.

  • For Q4 2025, Gross Margin rose 219.0% year-over-year to 24.95%; the TTM value through Oct 2025 reached 24.72%, up 103.0%, while the annual FY2025 figure was 24.13%, 40.0% up from the prior year.
  • Gross Margin for Q4 2025 was 24.95% at Walmart, down from 25.16% in the prior quarter.
  • Across five years, Gross Margin topped out at 25.8% in Q3 2024 and bottomed at 22.09% in Q1 2024.
  • The 5-year median for Gross Margin is 24.45% (2021), against an average of 24.21%.
  • The largest annual shift saw Gross Margin tumbled -332bps in 2024 before it soared 219bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 24.56% in 2021, then decreased by -1bps to 24.34% in 2022, then increased by 1bps to 24.64% in 2023, then dropped by -8bps to 22.76% in 2024, then rose by 10bps to 24.95% in 2025.
  • Per Business Quant, the three most recent readings for WMT's Gross Margin are 24.95% (Q4 2025), 25.16% (Q3 2025), and 24.94% (Q2 2025).