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Walmart WMT Operating margin

Operating margin at other companies

Target logo
TargetTGT
4.5%-0.9pp
Dollar General logo
Dollar GeneralDG
5.3%+1.0pp
Kroger logo
KrogerKR
1.3%-1.3pp
Lowe's Companies logo
Lowe's CompaniesLOW
11.5%-0.8pp
CVS Health logo
CVS HealthCVS
1.5%-1.1pp
Tyson Foods logo
Tyson FoodsTSN
2.1%-0.8pp

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
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 operating margin?
Walmart (WMT) reported operating margin of 4.2% in Q1 2026.
How has Walmart 's operating margin changed year-over-year?
Walmart 's operating margin decreased by 3.8% year-over-year, from 4.3% to 4.2%.
What is the long-term trend for Walmart 's operating margin?
Over 4 years (2022 to 2026), Walmart 's operating margin has grown at a -1.4% compound annual growth rate (CAGR), from 17.8% to 16.8%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.