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Walmart WMT Net margin

Net margin at other companies

Target logo
TargetTGT
3.2%-0.7pp
Dollar General logo
Dollar GeneralDG
3.6%+0.8pp
Kroger logo
KrogerKR
0.7%-1.1pp
Lowe's Companies logo
Lowe's CompaniesLOW
7.5%-0.7pp
CVS Health logo
CVS HealthCVS
0.7%-0.7pp
Tyson Foods logo
Tyson FoodsTSN
0.8%-0.9pp

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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Gross margin25%+0.1pp
Operating margin4.2%-0.2pp

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 net margin?
Walmart (WMT) reported net margin of 3.1% in Q1 2026.
How has Walmart 's net margin changed year-over-year?
Walmart 's net margin increased by 14.1% year-over-year, from 2.7% to 3.1%.
What is the long-term trend for Walmart 's net margin?
Over 3 years (2023 to 2026), Walmart 's net margin has grown at a 14.9% compound annual growth rate (CAGR), from 8% to 12.2%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.