Walmart (WMT) Net Margin (2009 - 2026)
Walmart's Net Margin was 3.39% in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 0.57 percentage points from 3.96% a year earlier but up 0.39 percentage points from the prior quarter.
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Analysis
Walmart (WMT) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Walmart's Net Margin was 3.00% through Jul 31, 2026, down 0.08 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 3.07%, up 0.22 percentage points from FY2025.
- Net Margin has now increased for three consecutive fiscal years, with a five-year change of +0.65 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Net Margin was 2.85% in FY2025 (+0.46 pp), 2.39% in FY2024 (+0.48 pp), 1.91% in FY2023 (-0.48 pp) and 2.39% in FY2022 (-0.03 pp).
- Quarterly Net Margin has moved between -1.18% (fiscal Q3 2023) and 4.88% (fiscal Q2 2024) over five years.
- Compared with a year earlier, Net Margin was higher in four of the last eight quarters, with an average year-over-year change of +0.35 percentage points.
- The best year-over-year quarter for Net Margin over five years was fiscal Q4 2022 (a gain of 3.71 percentage points); the worst was fiscal Q3 2023 (a drop of 3.39 percentage points).
- Per Business Quant data, WMT's Net Margin in the three fiscal quarters before Q2 2027 was 3.00% (Q1 2027), 2.22% (Q4 2026) and 3.42% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 847.32 Bn | 810.03 Bn | 49.13 Bn | 3.39% |
| 2 | Costco Wholesale | 410.07 Bn | 339.37 Bn | 9.01 Bn | 3.11% |
| 3 | Sysco | 37.60 Bn | 31.85 Bn | 4.13 Bn | 2.49% |
| 4 | Kroger | 35.90 Bn | 22.05 Bn | 7.86 Bn | 1.84% |
| 5 | Dollar General | 27.06 Bn | 21.73 Bn | 3.68 Bn | 4.87% |
| 6 | Caseys General Stores | 22.17 Bn | 20.17 Bn | 1.24 Bn | 4.82% |
| 7 | Dollar Tree | 21.26 Bn | 17.89 Bn | 2.10 Bn | 10.52% |
| 8 | US Foods Holding | 20.27 Bn | 20.07 Bn | 1.92 Bn | 2.61% |
| 9 | Tractor Supply | 16.44 Bn | 15.61 Bn | 1.68 Bn | 7.94% |
| 10 | Performance Food | 14.36 Bn | 14.14 Bn | 2.17 Bn | 0.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 3.39% |
| Apr 30, 2026 | 3.00% |
| Jan 31, 2026 | 2.22% |
| Oct 31, 2025 | 3.42% |
| Jul 31, 2025 | 3.96% |
| Apr 30, 2025 | 2.71% |
| Jan 31, 2025 | 2.91% |
| Oct 31, 2024 | 2.70% |
| Jul 31, 2024 | 2.66% |
| Apr 30, 2024 | 3.16% |
| Jan 31, 2024 | 3.17% |
| Oct 31, 2023 | 0.28% |
| Jul 31, 2023 | 4.88% |
| Apr 30, 2023 | 1.10% |
| Jan 31, 2023 | 3.83% |
| Oct 31, 2022 | -1.18% |
| Jul 31, 2022 | 3.37% |
| Apr 30, 2022 | 1.45% |
| Jan 31, 2022 | 2.33% |
| Oct 31, 2021 | 2.21% |
API Access
Walmart Net 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=net-margin&ticker=WMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=WMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();