Walmart (WMT) Gross Margin (2009 - 2026)

Walmart has disclosed Gross Margin across 18 years of filings, most recently posting 24.26% for Q2 2026.

• Gross Margin for Q2 2026 came in at 24.26%, down 68.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 24.41% (up 59.0% YoY), and the FY2026 annual result was 24.21%, up 8.0% from the prior year.
• Gross Margin came in at 24.26% for Q2 2026 at Walmart, up from 23.98% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 24.95% in Q4 2025 to a low of 21.49% in Q1 2024.
• The 5-year median for Gross Margin is 23.98% (2023), against an average of 23.78%.
• Across the five-year window, Gross Margin plunged 233 bps in 2022 and surged 219 bps in 2026, its largest moves.
• Walmart's Gross Margin stood at 23.67% in 2022, then rose by 4 bps to 24.64% in 2023, then retreated by 2 bps to 24.2% in 2024, then advanced by 3 bps to 24.95% in 2025, then fell by 3 bps to 24.26% in 2026.
• The last three Gross Margin figures came in at 24.26% (Q2 2026), 23.98% (Q1 2026), and 24.95% (Q4 2025), per Business Quant data.