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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 (WMT) has disclosed Operating Margin for 18 consecutive years, with 4.61% as the latest value for Q1 2026.

  • Quarterly Operating Margin rose 26.0% to 4.61% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 4.2% through Jan 2026, down 12.0% year-over-year, with the annual reading at 4.22% for FY2026, 9.0% down from the prior year.
  • Operating Margin hit 4.61% in Q1 2026 for Walmart, up from 3.73% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 4.69% in Q3 2024 to a low 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.
  • Year by year, Operating Margin stood at 1.78% in 2022, then surged by 117bps to 3.86% in 2023, then increased by 3bps to 3.96% in 2024, then fell by -6bps to 3.73% in 2025, then grew 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.