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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Walmart (WMT) Operating Margin (2016 - 2026)

Walmart's Operating Margin history spans 18 years, with the latest figure at 4.61% for Q1 2026.

  • On a quarterly basis, Operating Margin rose 26.0% to 4.61% in Q1 2026 year-over-year; TTM through Jan 2026 was 4.2%, a 12.0% decrease, with the full-year FY2026 number at 4.22%, down 9.0% from a year prior.
  • Operating Margin hit 4.61% in Q1 2026 for Walmart, up from 3.73% in the prior quarter.
  • Over the last five years, Operating Margin for WMT hit a ceiling of 4.69% in Q3 2024 and a floor of 1.78% in Q4 2022.
  • Historically, Operating Margin has averaged 4.01% across 5 years, with a median of 4.15% in 2025.
  • Biggest five-year swings in Operating Margin: crashed -234bps in 2022 and later surged 208bps in 2023.
  • Tracing WMT's Operating Margin over 5 years: stood at 1.78% in 2022, then skyrocketed by 117bps to 3.86% in 2023, then grew by 3bps to 3.96% in 2024, then decreased by -6bps to 3.73% in 2025, then rose by 24bps to 4.61% in 2026.
  • Business Quant data shows Operating Margin for WMT at 4.61% in Q1 2026, 3.73% in Q4 2025, and 4.15% in Q3 2025.