Walmart SG&A decreased by 3.0% to $37.20B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.9%, from $34.17B to $37.20B. Over 4 years (FY 2022 to FY 2026), SG&A shows an upward trend with a 7.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2027May 21, 2026
How to read this metric
A rising ratio of SG&A to revenue may indicate inefficiency or aggressive expansion, while a falling ratio suggests improved operating leverage.
Detailed definition
Selling, general, and administrative expenses encompass the costs associated with the day-to-day operation of the busine...
Peer comparison
Standard operating expense category; peers with larger global sales forces typically show higher absolute SG&A levels.
Metric ID:
selling_general_and_administrativeHistorical Data
21 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $28.13B | $28.51B | $29.71B | $23.74B | $29.40B | $30.17B | $34.51B | $30.48B | $30.78B | $32.47B | $33.42B | $27.61B | $33.24B | $34.59B | $35.54B | $30.27B | $34.17B | $37.35B | $38.09B | $38.33B | $37.20B |
| QoQ Change | — | +1.4% | +4.2% | -20.1% | +23.9% | +2.6% | +14.4% | -11.7% | +1.0% | +5.5% | +2.9% | -17.4% | +20.4% | +4.1% | +2.8% | -14.8% | +12.9% | +9.3% | +2.0% | +0.6% | -3.0% |
| YoY Change | — | — | — | — | +4.5% | +5.8% | +16.1% | +28.4% | +4.7% | +7.6% | -3.1% | -9.4% | +8.0% | +6.5% | +6.3% | +9.6% | +2.8% | +8.0% | +7.2% | +26.6% | +8.9% |
Range$23.74B – $38.33B
CAGR+5.7%
Avg YoY Growth+8.2%
Median YoY Growth+7.2%
SG&A at Other Companies
Frequently Asked Questions
- What is Walmart 's sg&a?
- Walmart (WMT) reported sg&a of $37.20B in Q1 2026.
- How has Walmart 's sg&a changed year-over-year?
- Walmart 's sg&a increased by 8.9% year-over-year, from $34.17B to $37.20B.
- What is the long-term trend for Walmart 's sg&a?
- Over 4 years (2022 to 2026), Walmart 's sg&a has grown at a 7.7% compound annual growth rate (CAGR), from $110.09B to $147.94B.
- What does sg&a mean?
- The overhead costs of running the business, including sales, marketing, and general corporate expenses.