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Friday 23 October 2026 Export WMT’s income statement to Excel — free account

Walmart Inc.

WMT Consumer Defensive Discount Stores

Walmart Inc.’s revenue for fiscal 2026 (year ended January 2026) was $713.2 billion, up 4.73% from fiscal 2025. In the quarter to July 2026, revenue grew 5.94%, EPS fell 9.09%, free cash flow grew 15.8% and total debt rose 14.0%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

119.23 1.89 −1.56%
Market cap
$960.9B
P/E
43.7×
Fwd P/E
41.3×
Dividend yield
1.01%
F-score
7/9
Altman Z
6.46
Beneish M
−2.71
Dividend safety
79/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Walmart Inc. (WMT) Gross margin

Alert me on Gross margin

Walmart Inc.'s gross margin over the twelve months to 31 July 2026 was 25.2%, up 0.3 percentage points from fiscal 2026 (24.9%). Over the past ten years it has ranged from 24.1% (fiscal 2023) to 25.7% (fiscal 2017); the current reading is higher than 58% of that period. That is below the Discount Stores industry median of 27.3% and below the Consumer Defensive sector median of 35.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2026 24.9% 0.08
FY2025 24.9% 0.47
FY2024 24.4% 0.24
FY2023 24.1% (0.96)
FY2022 25.1% 0.27
FY2021 24.8% 0.14
FY2020 24.7% (0.41)
FY2019 25.1% (0.27)
FY2018 25.4% (0.28)
FY2017 25.7% 0.52

Quarterly newest first

Period Gross margin Change (points)
Jul 2026 26.1% 1.00
Apr 2026 25.1% 0.47
Jan 2026 24.7% (0.28)
Oct 2025 25.0% (0.21)
43 more quarters

Against its own ten years

Low 24.1% High 25.7%
Ten-year median 24.9%
Current reading's percentile 79

Gross margin against peers

Company Gross margin
OLLI Ollie's Bargain Outlet Holdings, Inc. compare 41.6%
DLTR Dollar Tree, Inc. compare 38.7%
DG Dollar General Corporation compare 31.2%
TGT Target Corporation compare 29.3%
WMT Walmart Inc. 25.2%
BJ BJ's Wholesale Club Holdings, Inc. compare 18.2%
PSMT PriceSmart, Inc. compare 17.6%
TBBB BBB Foods Inc. compare 16.4%
COST Costco Wholesale Corporation compare 12.8%
Discount Stores industry median 27.3%
Consumer Defensive sector median 35.0%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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