Walmart (WMT) Gross Margin (2009 - 2026)
Walmart's Gross Margin was 26.14% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 0.99 percentage points from 25.16% a year earlier and up 1.00 percentage points from the prior quarter.
Walmart (WMT) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Walmart's Gross Margin was 25.23% through Jul 31, 2026, up 0.33 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 24.93%, up 0.08 percentage points from FY2025.
- Gross Margin has now increased for three consecutive fiscal years, with a five-year change of +0.10 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Gross Margin was 24.85% in FY2025 (+0.48 pp), 24.38% in FY2024 (+0.23 pp), 24.14% in FY2023 (-0.96 pp) and 25.10% in FY2022 (+0.27 pp).
- The fiscal Q2 2027 figure marks the highest quarterly Gross Margin in data going back to fiscal Q4 2009.
- Compared with a year earlier, Gross Margin has increased for 13 straight quarters, with an average year-over-year change of +0.30 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q2 2027 (a gain of 0.99 percentage points); the worst was fiscal Q2 2023 (a drop of 1.21 percentage points).
- Per Business Quant data, WMT's Gross Margin in the three fiscal quarters before Q2 2027 was 25.14% (Q1 2027), 24.67% (Q4 2026) and 24.95% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 862.64 Bn | 825.34 Bn | 49.13 Bn | 26.14% |
| 2 | Costco Wholesale | 409.33 Bn | 338.62 Bn | 9.01 Bn | 12.77% |
| 3 | Sysco | 37.65 Bn | 31.90 Bn | 4.13 Bn | 18.69% |
| 4 | Kroger | 35.26 Bn | 21.42 Bn | 7.86 Bn | 22.70% |
| 5 | Dollar General | 27.43 Bn | 22.11 Bn | 3.68 Bn | 32.60% |
| 6 | Caseys General Stores | 22.41 Bn | 20.40 Bn | 1.24 Bn | 21.82% |
| 7 | Dollar Tree | 21.77 Bn | 18.40 Bn | 2.10 Bn | 42.91% |
| 8 | US Foods Holding | 20.27 Bn | 20.06 Bn | 1.92 Bn | 18.22% |
| 9 | Tractor Supply | 16.74 Bn | 15.90 Bn | 1.68 Bn | 37.05% |
| 10 | Performance Food | 14.36 Bn | 14.14 Bn | 2.17 Bn | 12.03% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 26.14% |
| Apr 30, 2026 | 25.14% |
| Jan 31, 2026 | 24.67% |
| Oct 31, 2025 | 24.95% |
| Jul 31, 2025 | 25.16% |
| Apr 30, 2025 | 24.94% |
| Jan 31, 2025 | 24.58% |
| Oct 31, 2024 | 24.91% |
| Jul 31, 2024 | 25.11% |
| Apr 30, 2024 | 24.81% |
| Jan 31, 2024 | 23.97% |
| Oct 31, 2023 | 24.64% |
| Jul 31, 2023 | 24.61% |
| Apr 30, 2023 | 24.31% |
| Jan 31, 2023 | 23.54% |
| Oct 31, 2022 | 24.34% |
| Jul 31, 2022 | 24.22% |
| Apr 30, 2022 | 24.53% |
| Jan 31, 2022 | 24.43% |
| Oct 31, 2021 | 25.26% |
Walmart Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();