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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 18 years, with the latest figure at 2.32% for Q1 2026.

  • On a quarterly basis, Net Margin fell 68.0% to 2.32% in Q1 2026 year-over-year; TTM through Jan 2026 was 3.14%, a 17.0% increase, with the full-year FY2026 number at 3.15%, up 19.0% from a year prior.
  • Net Margin hit 2.32% in Q1 2026 for Walmart, down from 3.39% in the prior quarter.
  • Over the last five years, Net Margin for WMT hit a ceiling of 5.02% in Q3 2023 and a floor of 1.17% in Q4 2022.
  • Historically, Net Margin has averaged 2.6% across 5 years, with a median of 2.8% in 2025.
  • The widest YoY moves for Net Margin: up 804bps in 2022, down -340bps in 2022.
  • Tracing WMT's Net Margin over 5 years: stood at 1.17% in 2022, then soared by 134bps to 0.4% in 2023, then soared by 595bps to 2.78% in 2024, then increased by 22bps to 3.39% in 2025, then plummeted by -31bps to 2.32% in 2026.
  • Business Quant data shows Net Margin for WMT at 2.32% in Q1 2026, 3.39% in Q4 2025, and 4.07% in Q3 2025.