Walmart (WMT) Operating Expenses (2009 - 2026)

Walmart has disclosed Operating Expenses across 18 years of filings, most recently posting $37.2 billion for Q2 2026.

• Operating Expenses for Q2 2026 came in at $37.2 billion, up 8.86% year-over-year; the trailing twelve-month figure through Apr 2026 was $151.0 billion (up 7.21% YoY), and the FY2026 annual result was $147.9 billion, up 5.76% from the prior year.
• Operating Expenses came in at $37.2 billion for Q2 2026 at Walmart, down from $38.3 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.
• The 5-year median for Operating Expenses is $34.2 billion (2024), against an average of $34.1 billion.
• Across the five-year window, Operating Expenses climbed 16.14% in 2022 and fell 3.15% in 2023, its largest moves.
• Walmart's Operating Expenses stood at $34.5 billion in 2022, then dropped by 3.15% to $33.4 billion in 2023, then increased by 6.35% to $35.5 billion in 2024, then increased by 7.19% to $38.1 billion in 2025, then slipped by 2.35% to $37.2 billion in 2026.
• The last three Operating Expenses figures came in at $37.2 billion (Q2 2026), $38.3 billion (Q1 2026), and $38.1 billion (Q4 2025), per Business Quant data.