What are Walmart 's profit margins?

Walmart (WMT) runs a 25.0% gross margin and a 4.2% operating margin, with a 3.1% net margin.

Where do Walmart 's ratios come from?

Every ratio is computed from Walmart 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Walmart WMT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '27	Q4 '26	Q3 '26	Q2 '26	Q1 '26
Profitability
Gross margin	25%+0.1pp	24.9%+0.1pp	24.9%+0.2pp	24.9%+0.3pp	24.9%+0.4pp
Operating margin	4.2%-0.2pp	4.2%-0.1pp	4.1%-0.1pp	4.2%-0.1pp	4.3%+0.1pp
Net margin	3.1%+0.4pp	3.1%+0.2pp	3.3%+0.3pp	3.1%+0.7pp	2.7%-0.1pp
Returns
Return on equity	25.5%+2.7pp	23%+0.7pp	24.9%+1.4pp	24.5%+5.5pp	22.8%-1.8pp
Return on invested capital	15.3%-1.2pp	15.2%-1.1pp	15.1%-0.7pp	15.9%0.0pp	16.5%+0.6pp
Efficiency
Asset turnover	2.6×0.0×	2.6×0.0×	2.5×0.0×	2.6×0.0×	2.7×0.0×
Liquidity
Current ratio	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Leverage
Debt-to-equity	0.8×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.8×0.0×
Net debt / EBITDA	1.4×+0.1×	1.3×+0.1×	1.3×+0.1×	1.3×0.0×	1.3×0.0×
Per Share
Book value per share	$11.79+13.3%	$12.42+10.3%	$12.00+10.0%	$11.24+7.6%	$10.41+3.5%
Valuation
Market capitalization	$1.05T+37.1%	$949.57B+20.4%	$806.69B+22.4%	$781.92B+41.6%	$766.81B+60.6%
Price / earnings	46.3×+5.5×	43.4×+2.8×	35.2×+1.7×	36.6×+1.1×	40.7×+15.5×
Price / sales	1.4×+0.3×	1.3×+0.2×	1.1×+0.2×	1.1×+0.3×	1.1×+0.4×
Price / book	11.1×+2.0×	9.5×+0.9×	8.4×+0.9×	8.7×+2.1×	9.2×+3.3×
EV / EBITDA	24.9×+5.6×	22.8×+3.0×	20.2×+3.0×	19.7×+4.8×	19.2×+5.8×
Dividend yield	0.7%-0.2pp	0.8%-0.1pp	0.9%-0.1pp	0.9%-0.3pp	0.9%-0.4pp

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Questions, answered.

What are Walmart 's profit margins?: Walmart (WMT) runs a 25.0% gross margin and a 4.2% operating margin, with a 3.1% net margin.
Where do Walmart 's ratios come from?: Every ratio is computed from Walmart 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.