Walmart (WMT) Tax Rate (2009 - 2026)

Walmart's (WMT) quarterly Tax Rate came in at 23.2% in Q2 2026, up 59.0% year-on-year from 14.59% in Q2 2025, and down 12.25% quarter-over-quarter from 26.43% in Q1 2026.

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

Walmart has disclosed Tax Rate across 18 years of filings, most recently posting 23.2% for Q2 2026.

  • Tax Rate for Q2 2026 came in at 23.2%, up 59.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 24.5% (up 163.0% YoY), and the FY2026 annual result was 24.43%, up 105.0% from the prior year.
  • Tax Rate came in at 23.2% for Q2 2026 at Walmart, down 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.
  • The 5-year median for Tax Rate is 24.32% (2024), against an average of 22.7%.
  • Peak annual rise in Tax Rate reached 26264 bps in 2022, while the deepest fall reached 4796 bps in 2022.
  • Walmart's Tax Rate stood at 23.48% in 2022, then jumped by 227 bps to 29.73% in 2023, then declined by 24 bps to 22.7% in 2024, then climbed by 13 bps to 25.63% in 2025, then declined by 9 bps to 23.2% in 2026.
  • The last three Tax Rate figures came in at 23.2% (Q2 2026), 26.43% (Q1 2026), and 25.63% (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Walmart 956.84 Bn 952.46 Bn 42.63 Bn 23.20%
2 Costco Wholesale 432.83 Bn 414.59 Bn 8.88 Bn 25.21%
3 Target 56.21 Bn 52.67 Bn 7.38 Bn 24.39%
4 Dollar General 23.49 Bn 22.35 Bn 3.32 Bn 21.85%
5 Dollar Tree 21.20 Bn 20.20 Bn 1.83 Bn 24.89%
6 BJ's Wholesale Club Holdings 11.80 Bn 11.77 Bn 1.03 Bn 27.01%
7 Pricesmart 5.36 Bn 5.05 Bn 265.07 Mn 26.39%
8 Ollie's Bargain Outlet Holdings 4.83 Bn 4.53 Bn 310.92 Mn 17.21%
9 Bbb Foods 22.42 Mn -214.22 Mn 210.92 Mn -2.42%

Historic Data

Download Data
DateValue
Apr 30, 2026 23.20%
Apr 30, 2026 23.20%
Jan 31, 2026 26.43%
Jan 31, 2026 26.43%
Oct 31, 2025 25.63%
Oct 31, 2025 25.63%
Jul 31, 2025 23.26%
Jul 31, 2025 23.26%
Apr 30, 2025 22.61%
Apr 30, 2025 22.61%
Jan 31, 2025 22.09%
Jan 31, 2025 22.09%
Oct 31, 2024 22.70%
Oct 31, 2024 22.70%
Jul 31, 2024 24.18%
Jul 31, 2024 24.18%
Apr 30, 2024 24.56%
Apr 30, 2024 24.56%
Jan 31, 2024 24.47%
Jan 31, 2024 24.47%