Walmart (WMT) Net Margin (2009 - 2026)

Walmart has disclosed Net Margin across 18 years of filings, most recently posting 3.47% for Q3 2026.

• In Q3 2026, Net Margin fell 56.0% year-over-year to 3.47%; the TTM figure through Jul 2026 stood at 3.06% (down 11.0% YoY), while the FY2026 annual figure was 3.12%, up 16.0% from the prior year.
• Net Margin came in at 3.47% for Q3 2026 at Walmart, up from 3.09% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 4.98% in Q3 2023 to a low of 1.16% in Q4 2022.
• Average Net Margin over 5 years is 2.66%, with a median of 3.0% recorded in 2025.
• The largest YoY upside for Net Margin was 370 bps in 2022 against a maximum downside of 339 bps in 2022.
• Over 5 years, Net Margin stood at 1.16% in 2022, then surged by 135 bps to 0.4% in 2023, then surged by 595 bps to 2.78% in 2024, then gained by 22 bps to 3.39% in 2025, then advanced by 2 bps to 3.47% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 3.47% in Q3 2026, 3.09% in Q2 2026, and 2.3% in Q1 2026.