Walmart (WMT) Operating Expenses (2009 - 2026)

Walmart has disclosed Operating Expenses across 18 years of filings, most recently posting $39.8 billion for Q3 2026.

• In Q3 2026, Operating Expenses rose 6.44% year-over-year to $39.8 billion; the TTM figure through Jul 2026 stood at $153.4 billion (up 6.82% YoY), while the FY2026 annual figure was $147.9 billion, up 5.76% from the prior year.
• Operating Expenses came in at $39.8 billion for Q3 2026 at Walmart, up from $37.2 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $39.8 billion in Q3 2026 to a low of $29.4 billion in Q2 2022.
• Average Operating Expenses over 5 years is $34.4 billion, with a median of $34.3 billion recorded in 2024.
• Year-over-year, Operating Expenses grew 16.14% in 2022 and retreated 3.15% in 2023.
• Over 5 years, 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 gained by 4.35% to $39.8 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $39.8 billion in Q3 2026, $37.2 billion in Q2 2026, and $38.3 billion in Q1 2026.