Walmart (WMT) Net Margin (2009 - 2026)

Walmart (WMT) posted Net Margin of 3.12% for Q2 2026, up 39.22% sequentially from 2.24% in Q1 2026, and up 32.0% YoY from 2.37% in Q2 2025.

Walmart (WMT) Net Margin (2009 - 2026) Analysis & Trends

Walmart has reported Net Margin for 17 years, with the latest figure at 3.12% in Q2 2026.

Quarterly Net Margin rose 32.0% year-over-year to 3.12% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 3.18% (up 32.0% YoY) and the FY2026 annual result came in at 3.12%, up 16.0% from the prior year.
Net Margin grew to 3.12% in Q2 2026 per WMT's latest filing, from 2.24% in the prior quarter.
Over five years, Net Margin peaked at 4.98% in Q3 2023 and troughed at 1.16% in Q4 2022.
A 5-year average of 2.62% and a median of 2.91% in 2024 frame the typical range for Net Margin.
The widest YoY moves for Net Margin: up 379 bps in 2022, down 341 bps in 2022.
Over 5 years, Net Margin stood at 1.16% in 2022, then jumped by 135 bps to 0.4% in 2023, then jumped by 596 bps to 2.81% in 2024, then grew by 21 bps to 3.39% in 2025, then declined by 8 bps to 3.12% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 3.12%, 2.24%, and 3.39% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Walmart	828.54 Bn	817.81 Bn	44.69 Bn	3.09%
2	Costco Wholesale	414.96 Bn	394.96 Bn	9.01 Bn	3.11%
3	Target	72.00 Bn	68.46 Bn	7.38 Bn	3.07%
4	Dollar General	26.64 Bn	25.29 Bn	3.41 Bn	4.12%
5	Dollar Tree	25.25 Bn	24.24 Bn	1.83 Bn	6.98%
6	BJ's Wholesale Club Holdings	11.76 Bn	11.73 Bn	1.03 Bn	2.52%
7	Bbb Foods	5.91 Bn	5.23 Bn	250.62 Mn	22.85%
8	Pricesmart	5.12 Bn	4.80 Bn	262.22 Mn	2.68%
9	Ollie's Bargain Outlet Holdings	4.56 Bn	4.31 Bn	275.96 Mn	8.56%

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