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Walmart (WMT) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Walmart (WMT) over the last 17 years, with Q4 2025 value amounting to $38.1 billion.

  • Walmart's Operating Expenses rose 718.63% to $38.1 billion in Q4 2025 from the same period last year, while for Oct 2025 it was $146.1 billion, marking a year-over-year increase of 614.73%. This contributed to the annual value of $139.9 billion for FY2025, which is 680.53% up from last year.
  • As of Q4 2025, Walmart's Operating Expenses stood at $38.1 billion, which was up 718.63% from $37.3 billion recorded in Q3 2025.
  • In the past 5 years, Walmart's Operating Expenses registered a high of $38.1 billion during Q4 2025, and its lowest value of $28.1 billion during Q2 2021.
  • In the last 5 years, Walmart's Operating Expenses had a median value of $33.2 billion in 2023 and averaged $32.8 billion.
  • Per our database at Business Quant, Walmart's Operating Expenses skyrocketed by 1613.93% in 2022 and then plummeted by 314.74% in 2023.
  • Walmart's Operating Expenses (Quarter) stood at $29.7 billion in 2021, then grew by 16.14% to $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 increased by 7.19% to $38.1 billion in 2025.
  • Its last three reported values are $38.1 billion in Q4 2025, $37.3 billion for Q3 2025, and $34.2 billion during Q2 2025.