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Walmart WMT Gross margin

Gross margin at other companies

Target logo
TargetTGT
28.1%+0.1pp
Dollar General logo
Dollar GeneralDG
30.8%+1.0pp
Kroger logo
KrogerKR
23.3%+0.6pp
Lowe's Companies logo
Lowe's CompaniesLOW
33.3%-0.1pp
CVS Health logo
CVS HealthCVS
44.7%-0.1pp
Tyson Foods logo
Tyson FoodsTSN
6.5%-0.2pp

Other financials

Income statement

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Revenue$177.75B+7.3%
Gross profit$44.7B+8.2%
Operating income$7.5B+5.0%
Net income$5.3B+18.8%
EPS (diluted)$0.67+19.6%

Balance sheet

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Cash & equivalents$11.3B+14.0%
Total debt$74.2B+10.4%
Total equity$94.3B+12.6%
Total assets$289.61B+10.4%

Cash flow

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Operating cash flow$4.7B-12.4%
CapEx$6.7B+34.1%
Free cash flow-$1.9B-558%

Valuation

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Market cap$940.09B+37.1%
Enterprise value$1T+35.2%
P/E41.4×+4.9×
P/S1.3×+0.3×

Profitability

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Operating margin4.2%-0.2pp
Net margin3.1%+0.4pp

Returns & leverage

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Return on equity25.5%+2.7pp
Debt / equity0.8×0.0×
Current ratio0.8×0.0×

Where this comes from

Calculated from Walmart ’s reported figures.

Based on trailing twelve months.

The official record: Walmart ’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Walmart 's gross margin?
Walmart (WMT) reported gross margin of 25% in Q1 2026.
How has Walmart 's gross margin changed year-over-year?
Walmart 's gross margin increased by 0.4% year-over-year, from 24.9% to 25%.
What is the long-term trend for Walmart 's gross margin?
Over 4 years (2022 to 2026), Walmart 's gross margin has grown at a -0.2% compound annual growth rate (CAGR), from 100.3% to 99.6%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.