Walmart (WMT) Tax Rate (2009 - 2026)
Walmart (WMT) reported Tax Rate of 18.51% for fiscal Q2 2027 (quarter ended Jul 31, 2026), down 4.75 percentage points from 23.26% a year earlier and down 4.69 percentage points from the prior quarter.
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Analysis
Walmart (WMT) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Walmart's Tax Rate came in at 23.25%, up 0.54 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 24.43%, up 1.05 percentage points from FY2025.
- Tax Rate has a five-year change of -8.92 percentage points (FY2021 to FY2026).
- By fiscal year, Tax Rate came in at 23.38% in FY2025 (-2.15 pp), 25.53% in FY2024 (-8.11 pp), 33.64% in FY2023 (+8.20 pp) and 25.44% in FY2022 (-7.91 pp).
- The fiscal Q2 2027 figure ranks as the lowest quarterly Tax Rate since fiscal Q3 2023.
- Year over year, Tax Rate gained in three of the last eight quarters, with an average year-over-year change of -1.15 percentage points.
- The high point for year-over-year Tax Rate in five years was fiscal Q4 2022 (a gain of 262.64 percentage points); the low point was fiscal Q3 2023 (a drop of 47.96 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at 23.20% (Q1 2027), 26.43% (Q4 2026) and 25.63% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 994.65 Bn | 951.08 Bn | 49.13 Bn | 18.51% |
| 2 | Costco Wholesale | 469.67 Bn | 392.95 Bn | 12.19 Bn | 25.22% |
| 3 | Kroger | 40.94 Bn | 27.09 Bn | 7.86 Bn | 23.57% |
| 4 | Sysco | 37.29 Bn | 29.21 Bn | 4.05 Bn | 23.44% |
| 5 | Dollar General | 29.72 Bn | 24.39 Bn | 3.68 Bn | 24.23% |
| 6 | Dollar Tree | 25.99 Bn | 22.61 Bn | 2.10 Bn | 25.04% |
| 7 | Caseys General Stores | 25.59 Bn | 23.59 Bn | 1.24 Bn | 21.12% |
| 8 | US Foods Holding | 23.41 Bn | 23.21 Bn | 1.90 Bn | 25.60% |
| 9 | Tractor Supply | 19.13 Bn | 18.28 Bn | 1.42 Bn | 22.08% |
| 10 | Performance Food | 17.28 Bn | 17.06 Bn | 2.19 Bn | 25.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 18.51% |
| Apr 30, 2026 | 23.20% |
| Jan 31, 2026 | 26.43% |
| Oct 31, 2025 | 25.63% |
| Jul 31, 2025 | 23.26% |
| Apr 30, 2025 | 22.61% |
| Jan 31, 2025 | 22.09% |
| Oct 31, 2024 | 22.70% |
| Jul 31, 2024 | 24.18% |
| Apr 30, 2024 | 24.56% |
| Jan 31, 2024 | 24.47% |
| Oct 31, 2023 | 29.73% |
| Jul 31, 2023 | 24.93% |
| Apr 30, 2023 | 29.46% |
| Jan 31, 2023 | 34.75% |
| Jul 31, 2022 | 22.53% |
| Apr 30, 2022 | 27.51% |
| Jan 31, 2022 | 24.03% |
| Oct 31, 2021 | 24.48% |
| Jul 31, 2021 | 26.32% |
API Access
Walmart Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=WMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "WMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=WMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();