Walmart (WMT) Return on Capital Employed (2009 - 2026)
Walmart (WMT) posted Return on Capital Employed of 17.49% for Q2 2026, up 5.09% sequentially from 16.64% in Q1 2026, and down 119.0% YoY from 92.06% in Q2 2025.
Walmart (WMT) Return on Capital Employed (2009 - 2026) Analysis & Trends
Walmart has reported Return on Capital Employed for 18 years, with the latest figure at 17.49% in Q2 2026.
- Quarterly Return on Capital Employed fell 119.0% year-over-year to 17.49% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 17.49% (down 119.0% YoY) and the FY2026 annual result came in at 18.05%, down 29.0% from the prior year.
- Return on Capital Employed rose to 17.49% in Q2 2026 per WMT's latest filing, from 16.64% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 18.68% in Q2 2025 and troughed at 13.33% in Q1 2023.
- A 5-year average of 16.57% and a median of 16.6% in 2023 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2023 and 2024: Return on Capital Employed plunged 314 bps in 2023, then surged 330 bps in 2024.
- Over 5 years, Return on Capital Employed stood at 14.21% in 2022, then grew by 16 bps to 16.56% in 2023, then rose by 11 bps to 18.38% in 2024, then fell by 4 bps to 17.67% in 2025, then retreated by 1 bps to 17.49% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 17.49%, 16.64%, and 17.67% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 824.27 Bn | 813.54 Bn | 44.69 Bn | 17.49% |
| 2 | Costco Wholesale | 420.42 Bn | 400.43 Bn | 9.01 Bn | 26.16% |
| 3 | Target | 74.99 Bn | 71.45 Bn | 7.38 Bn | 12.14% |
| 4 | Dollar General | 27.11 Bn | 25.76 Bn | 3.41 Bn | 9.41% |
| 5 | Dollar Tree | 25.75 Bn | 24.74 Bn | 1.83 Bn | 16.66% |
| 6 | BJ's Wholesale Club Holdings | 12.37 Bn | 12.34 Bn | 1.03 Bn | 17.56% |
| 7 | Bbb Foods | 6.05 Bn | 5.36 Bn | 250.62 Mn | - |
| 8 | Pricesmart | 5.24 Bn | 4.92 Bn | 262.22 Mn | 15.61% |
| 9 | Ollie's Bargain Outlet Holdings | 4.63 Bn | 4.38 Bn | 275.96 Mn | 12.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 17.49% |
| Jan 31, 2026 | 16.64% |
| Oct 31, 2025 | 17.67% |
| Jul 31, 2025 | 17.78% |
| Apr 30, 2025 | 18.68% |
| Jan 31, 2025 | 17.73% |
| Oct 31, 2024 | 18.38% |
| Jul 31, 2024 | 17.76% |
| Apr 30, 2024 | 17.57% |
| Jan 31, 2024 | 16.53% |
| Oct 31, 2023 | 16.56% |
| Jul 31, 2023 | 14.46% |
| Apr 30, 2023 | 14.37% |
| Jan 31, 2023 | 13.33% |
| Oct 31, 2022 | 14.21% |
| Jul 31, 2022 | 16.25% |
| Apr 30, 2022 | 16.35% |
| Jan 31, 2022 | 16.47% |
| Oct 31, 2021 | 16.58% |
| Jul 31, 2021 | 16.32% |