Walmart (WMT) Invested Capital (2009 - 2026)

Walmart's (WMT) quarterly Invested Capital came in at $111.4 billion in Q2 2026, up 26.72% year-on-year from $87.9 billion in Q2 2025, and down 22.7% quarter-over-quarter from $144.1 billion in Q1 2026.

Walmart (WMT) Invested Capital (2009 - 2026) Analysis & Trends

Walmart has disclosed Invested Capital across 18 years of filings, most recently posting $111.4 billion for Q2 2026.

  • Invested Capital for Q2 2026 came in at $111.4 billion, up 26.72% year-over-year; the trailing twelve-month figure through Apr 2026 was $111.4 billion (up 26.72% YoY), and the FY2026 annual result was $144.1 billion, up 7.97% from the prior year.
  • Invested Capital came in at $111.4 billion for Q2 2026 at Walmart, down from $144.1 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $144.1 billion in Q1 2026 to a low of $80.9 billion in Q2 2023.
  • The 5-year median for Invested Capital is $97.0 billion (2022), against an average of $104.1 billion.
  • Across the five-year window, Invested Capital decreased 9.24% in 2023 and climbed 26.72% in 2026, its largest moves.
  • Walmart's Invested Capital stood at $85.6 billion in 2022, then advanced by 4.46% to $89.4 billion in 2023, then increased by 9.46% to $97.9 billion in 2024, then rose by 1.8% to $99.6 billion in 2025, then climbed by 11.78% to $111.4 billion in 2026.
  • The last three Invested Capital figures came in at $111.4 billion (Q2 2026), $144.1 billion (Q1 2026), and $99.6 billion (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Walmart 948.87 Bn 944.49 Bn 42.63 Bn 111.36 Bn
2 Costco Wholesale 430.50 Bn 412.26 Bn 8.88 Bn 32.09 Bn
3 Target 57.41 Bn 53.87 Bn 7.38 Bn 17.53 Bn
4 Dollar General 24.07 Bn 22.93 Bn 3.32 Bn 8.71 Bn
5 Dollar Tree 22.05 Bn 21.05 Bn 1.83 Bn 3.51 Bn
6 BJ's Wholesale Club Holdings 11.52 Bn 11.49 Bn 1.03 Bn 2.53 Bn
7 Pricesmart 5.32 Bn 5.02 Bn 265.07 Mn 1.50 Bn
8 Ollie's Bargain Outlet Holdings 4.78 Bn 4.48 Bn 310.92 Mn 1.89 Bn
9 Bbb Foods 22.39 Mn -214.25 Mn 210.92 Mn -

Historic Data

Download Data
DateValue
Apr 30, 2026 111.36 Bn
Jan 31, 2026 144.05 Bn
Oct 31, 2025 99.62 Bn
Jul 31, 2025 100.56 Bn
Apr 30, 2025 87.88 Bn
Jan 31, 2025 133.42 Bn
Oct 31, 2024 97.86 Bn
Jul 31, 2024 93.76 Bn
Apr 30, 2024 93.53 Bn
Jan 31, 2024 129.93 Bn
Oct 31, 2023 89.40 Bn
Jul 31, 2023 88.22 Bn
Apr 30, 2023 80.94 Bn
Jan 31, 2023 122.59 Bn
Oct 31, 2022 85.58 Bn
Jul 31, 2022 96.22 Bn
Apr 30, 2022 89.18 Bn
Jan 31, 2022 129.56 Bn
Oct 31, 2021 83.85 Bn
Jul 31, 2021 87.80 Bn