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Walmart (WMT) Operating Expenses (2016 - 2026)

Walmart's Operating Expenses history spans 18 years, with the latest figure at $38.3 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 4.96% to $38.3 billion in Q1 2026 year-over-year; TTM through Jan 2026 was $147.9 billion, a 5.76% increase, with the full-year FY2026 number at $147.9 billion, up 5.76% from a year prior.
  • Operating Expenses hit $38.3 billion in Q1 2026 for Walmart, up from $38.1 billion in the prior quarter.
  • Over the last five years, Operating Expenses for WMT hit a ceiling of $38.3 billion in Q1 2026 and a floor of $29.4 billion in Q2 2022.
  • Historically, Operating Expenses has averaged $34.0 billion across 5 years, with a median of $34.2 billion in 2025.
  • Biggest five-year swings in Operating Expenses: increased 16.14% in 2022 and later decreased 3.15% in 2023.
  • Tracing WMT's Operating Expenses over 5 years: stood at $34.5 billion in 2022, then decreased by 3.15% to $33.4 billion in 2023, then rose by 6.35% to $35.5 billion in 2024, then rose by 7.19% to $38.1 billion in 2025, then increased by 0.63% to $38.3 billion in 2026.
  • Business Quant data shows Operating Expenses for WMT at $38.3 billion in Q1 2026, $38.1 billion in Q4 2025, and $37.3 billion in Q3 2025.