Walmart (WMT) Tax Rate (2009 - 2026)

Walmart (WMT) posted Tax Rate of 23.2% for Q2 2026, down 12.25% sequentially from 26.43% in Q1 2026, and up 59.0% YoY from 14.59% in Q2 2025.

Walmart (WMT) Tax Rate (2009 - 2026) Analysis & Trends

Walmart has reported Tax Rate for 18 years, with the latest figure at 23.2% in Q2 2026.

Quarterly Tax Rate rose 59.0% year-over-year to 23.2% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 24.5% (up 163.0% YoY) and the FY2026 annual result came in at 24.43%, up 105.0% from the prior year.
Tax Rate retreated to 23.2% in Q2 2026 per WMT's latest filing, from 26.43% in the prior quarter.
Over five years, Tax Rate peaked at 34.75% in Q1 2023 and troughed at 23.48% in Q4 2022.
A 5-year average of 22.7% and a median of 24.32% in 2024 frame the typical range for Tax Rate.
The widest YoY moves for Tax Rate: up 26264 bps in 2022, down 4796 bps in 2022.
Over 5 years, Tax Rate stood at 23.48% in 2022, then soared by 227 bps to 29.73% in 2023, then retreated by 24 bps to 22.7% in 2024, then increased by 13 bps to 25.63% in 2025, then retreated by 9 bps to 23.2% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 23.2%, 26.43%, and 25.63% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Walmart	818.77 Bn	808.05 Bn	44.69 Bn	23.20%
2	Costco Wholesale	420.10 Bn	400.11 Bn	9.01 Bn	25.39%
3	Target	74.30 Bn	70.77 Bn	7.38 Bn	24.39%
4	Dollar General	26.98 Bn	25.63 Bn	3.41 Bn	24.89%
5	Dollar Tree	25.67 Bn	24.67 Bn	1.83 Bn	24.89%
6	BJ's Wholesale Club Holdings	12.24 Bn	12.21 Bn	1.03 Bn	27.01%
7	Bbb Foods	6.03 Bn	5.35 Bn	250.62 Mn	-3.61%
8	Pricesmart	5.21 Bn	4.89 Bn	262.22 Mn	28.01%
9	Ollie's Bargain Outlet Holdings	4.60 Bn	4.35 Bn	275.96 Mn	24.32%

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