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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Walmart (WMT) Net Margin (2016 - 2026)

Walmart's Net Margin history spans 17 years, with the latest figure at 3.39% for Q4 2025.

  • For Q4 2025, Net Margin rose 53.0% year-over-year to 3.39%; the TTM value through Oct 2025 reached 3.32%, up 25.0%, while the annual FY2025 figure was 2.99%, 46.0% up from the prior year.
  • Net Margin for Q4 2025 was 3.39% at Walmart, down from 4.03% in the prior quarter.
  • Across five years, Net Margin topped out at 4.98% in Q3 2023 and bottomed at 5.78% in Q1 2021.
  • The 5-year median for Net Margin is 2.78% (2024), against an average of 1.71%.
  • The largest annual shift saw Net Margin crashed -394bps in 2021 before it skyrocketed 817bps in 2022.
  • A 5-year view of Net Margin shows it stood at 2.25% in 2021, then tumbled by -151bps to 1.16% in 2022, then soared by 135bps to 0.4% in 2023, then soared by 615bps to 2.86% in 2024, then increased by 19bps to 3.39% in 2025.
  • Per Business Quant, the three most recent readings for WMT's Net Margin are 3.39% (Q4 2025), 4.03% (Q3 2025), and 2.8% (Q2 2025).