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| Date | Value |
|---|---|
| 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% |