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Walmart (WMT) Operating Expenses (2016 - 2026)

Walmart (WMT) has disclosed Operating Expenses for 18 consecutive years, with $38.3 billion as the latest value for Q1 2026.

  • Quarterly Operating Expenses rose 4.96% to $38.3 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $147.9 billion through Jan 2026, up 5.76% year-over-year, with the annual reading at $147.9 billion for FY2026, 5.76% up from the prior year.
  • Operating Expenses hit $38.3 billion in Q1 2026 for Walmart, up from $38.1 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $38.3 billion in Q1 2026 to a low 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.
  • Year by year, Operating Expenses stood at $34.5 billion in 2022, then fell by 3.15% to $33.4 billion in 2023, then grew by 6.35% to $35.5 billion in 2024, then grew by 7.19% to $38.1 billion in 2025, then rose 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.