Walmart (WMT) Net Margin (2009 - 2026)
Walmart (WMT) reported Net Margin of 3.12% for Q2 2026, up 32.0% on a YoY basis from 2.37% in Q2 2025, and up 39.22% sequentially from 2.24% in Q1 2026.
Walmart (WMT) Net Margin (2009 - 2026) Analysis & Trends
Walmart (WMT) has 17 years of Net Margin data on file, last reported at 3.12% in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 32.0% year-over-year to 3.12%; the trailing twelve-month figure through Apr 2026 stood at 3.18% (up 32.0% YoY), and the FY2026 full-year result was 3.12%, up 16.0% from the prior year.
- Net Margin grew to 3.12% in Q2 2026, from 2.24% 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.
- A 5-year average of 2.62% and a median of 2.91% in 2024 frame the typical range for Net Margin.
- Peak annual rise in Net Margin reached 379 bps in 2022, while the deepest fall reached 341 bps in 2022.
- Tracing WMT's Net Margin over 5 years: 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 gained by 21 bps to 3.39% in 2025, then decreased by 8 bps to 3.12% in 2026.
- Business Quant data shows WMT's Net Margin at 3.12% in Q2 2026, 2.24% in Q1 2026, and 3.39% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 862.66 Bn | 858.28 Bn | 42.63 Bn | 3.12% |
| 2 | Costco Wholesale | 410.89 Bn | 392.65 Bn | 8.88 Bn | 2.92% |
| 3 | Target | 61.06 Bn | 57.53 Bn | 7.38 Bn | 3.07% |
| 4 | Dollar General | 25.36 Bn | 24.22 Bn | 3.32 Bn | 3.91% |
| 5 | Dollar Tree | 22.75 Bn | 21.75 Bn | 1.83 Bn | - |
| 6 | BJ's Wholesale Club Holdings | 11.75 Bn | 11.72 Bn | 1.03 Bn | 2.52% |
| 7 | Pricesmart | 5.65 Bn | 5.52 Bn | 262.22 Mn | 2.68% |
| 8 | Bbb Foods | 4.68 Bn | 4.08 Bn | 210.92 Mn | 24.98% |
| 9 | Ollie's Bargain Outlet Holdings | 4.00 Bn | 3.70 Bn | 310.92 Mn | 12.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 3.12% |
| Jan 31, 2026 | 2.24% |
| Oct 31, 2025 | 3.39% |
| Jul 31, 2025 | 4.07% |
| Apr 30, 2025 | 2.80% |
| Jan 31, 2025 | 3.00% |
| Oct 31, 2024 | 2.81% |
| Jul 31, 2024 | 2.81% |
| Apr 30, 2024 | 3.32% |
| Jan 31, 2024 | 3.30% |
| Oct 31, 2023 | 0.40% |
| Jul 31, 2023 | 4.98% |
| Apr 30, 2023 | 1.26% |
| Jan 31, 2023 | 3.45% |
| Oct 31, 2022 | -1.16% |
| Jul 31, 2022 | 3.40% |
| Apr 30, 2022 | 1.50% |
| Jan 31, 2022 | 2.46% |
| Oct 31, 2021 | 2.25% |
| Jul 31, 2021 | 3.12% |