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| Date | Value |
|---|---|
| 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 |