Walmart (WMT) Net Margin (2009 - 2026)
Walmart's (WMT) quarterly Net Margin came in at 3.12% in Q2 2026, up 32.0% year-on-year from 2.37% in Q2 2025, and up 34.41% quarter-over-quarter from 2.32% in Q1 2026.
Walmart (WMT) Net Margin (2009 - 2026) Analysis & Trends
Walmart has disclosed Net Margin across 18 years of filings, most recently posting 3.12% for Q2 2026.
- Net Margin for Q2 2026 came in at 3.12%, up 32.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 3.21% (up 33.0% YoY), and the FY2026 annual result was 3.15%, up 16.0% from the prior year.
- Net Margin came in at 3.12% for Q2 2026 at Walmart, up from 2.32% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 5.02% in Q3 2023 to a low of 1.17% in Q4 2022.
- The 5-year median for Net Margin is 2.96% (2024), against an average of 2.64%.
- Peak annual rise in Net Margin reached 812 bps in 2022, while the deepest fall reached 342 bps in 2022.
- Walmart's Net Margin stood at 1.17% in 2022, then surged by 134 bps to 0.4% in 2023, then soared by 602 bps to 2.81% in 2024, then advanced by 21 bps to 3.39% in 2025, then slipped by 8 bps to 3.12% in 2026.
- The last three Net Margin figures came in at 3.12% (Q2 2026), 2.32% (Q1 2026), and 3.39% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 948.87 Bn | 944.49 Bn | 42.63 Bn | 3.12% |
| 2 | Costco Wholesale | 430.50 Bn | 412.26 Bn | 8.88 Bn | 2.92% |
| 3 | Target | 57.41 Bn | 53.87 Bn | 7.38 Bn | 3.07% |
| 4 | Dollar General | 24.07 Bn | 22.93 Bn | 3.32 Bn | 3.91% |
| 5 | Dollar Tree | 22.05 Bn | 21.05 Bn | 1.83 Bn | - |
| 6 | BJ's Wholesale Club Holdings | 11.52 Bn | 11.49 Bn | 1.03 Bn | 2.52% |
| 7 | Pricesmart | 5.32 Bn | 5.02 Bn | 265.07 Mn | 3.28% |
| 8 | Ollie's Bargain Outlet Holdings | 4.78 Bn | 4.48 Bn | 310.92 Mn | 12.11% |
| 9 | Bbb Foods | 22.39 Mn | -214.25 Mn | 210.92 Mn | 24.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 3.12% |
| Jan 31, 2026 | 2.32% |
| Oct 31, 2025 | 3.39% |
| Jul 31, 2025 | 4.07% |
| Apr 30, 2025 | 2.80% |
| Jan 31, 2025 | 3.12% |
| Oct 31, 2024 | 2.81% |
| Jul 31, 2024 | 2.81% |
| Apr 30, 2024 | 3.29% |
| Jan 31, 2024 | 3.38% |
| Oct 31, 2023 | 0.40% |
| Jul 31, 2023 | 5.02% |
| Apr 30, 2023 | 1.26% |
| Jan 31, 2023 | 3.54% |
| Oct 31, 2022 | -1.17% |
| Jul 31, 2022 | 3.40% |
| Apr 30, 2022 | 1.50% |
| Jan 31, 2022 | 2.46% |
| Oct 31, 2021 | 2.25% |
| Jul 31, 2021 | -1.60% |