Walmart (WMT) Tax Rate (2009 - 2026)

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

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

Walmart (WMT) has 18 years of Tax Rate data on file, last reported at 23.2% in Q2 2026.

  • For the quarter ending Q2 2026, Tax Rate rose 59.0% year-over-year to 23.2%; the trailing twelve-month figure through Apr 2026 stood at 24.5% (up 163.0% YoY), and the FY2026 full-year result was 24.43%, up 105.0% from the prior year.
  • Tax Rate retreated to 23.2% in Q2 2026, from 26.43% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 34.75% in Q1 2023 to a low of 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.
  • Peak annual rise in Tax Rate reached 26264 bps in 2022, while the deepest fall reached 4796 bps in 2022.
  • Tracing WMT's Tax Rate over 5 years: stood at 23.48% in 2022, then soared by 227 bps to 29.73% in 2023, then dropped by 24 bps to 22.7% in 2024, then advanced by 13 bps to 25.63% in 2025, then dropped by 9 bps to 23.2% in 2026.
  • Business Quant data shows WMT's Tax Rate at 23.2% in Q2 2026, 26.43% in Q1 2026, and 25.63% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Walmart 862.66 Bn 858.28 Bn 42.63 Bn 23.20%
2 Costco Wholesale 410.89 Bn 392.65 Bn 8.88 Bn 25.21%
3 Target 61.06 Bn 57.53 Bn 7.38 Bn 24.39%
4 Dollar General 25.36 Bn 24.22 Bn 3.32 Bn 21.85%
5 Dollar Tree 22.75 Bn 21.75 Bn 1.83 Bn 24.89%
6 BJ's Wholesale Club Holdings 11.75 Bn 11.72 Bn 1.03 Bn 27.01%
7 Pricesmart 5.65 Bn 5.52 Bn 262.22 Mn 28.01%
8 Bbb Foods 4.68 Bn 4.08 Bn 210.92 Mn -2.42%
9 Ollie's Bargain Outlet Holdings 4.00 Bn 3.70 Bn 310.92 Mn 16.73%

Historic Data

Download Data
DateValue
Apr 30, 2026 23.20%
Apr 30, 2026 23.20%
Apr 30, 2026 23.20%
Jan 31, 2026 26.43%
Jan 31, 2026 26.43%
Jan 31, 2026 26.43%
Oct 31, 2025 25.63%
Oct 31, 2025 25.63%
Oct 31, 2025 25.63%
Jul 31, 2025 23.26%
Jul 31, 2025 23.26%
Jul 31, 2025 23.26%
Apr 30, 2025 22.61%
Apr 30, 2025 22.61%
Apr 30, 2025 22.61%
Jan 31, 2025 22.09%
Jan 31, 2025 22.09%
Jan 31, 2025 22.09%
Oct 31, 2024 22.70%
Oct 31, 2024 22.70%