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%0.0pp	24.9%0.0pp	24.9%0.0pp	24.9%0.0pp	24.9%0.0pp
Operating margin	4.2%0.0pp	4.2%+0.1pp	4.1%-0.1pp	4.2%-0.1pp	4.3%0.0pp
Net margin	3.1%+0.1pp	3.1%-0.2pp	3.3%+0.2pp	3.1%+0.3pp	2.7%-0.1pp
Returns
Return on equity	25.5%+2.6pp	23%-1.9pp	24.9%+0.4pp	24.5%+1.7pp	22.8%+0.6pp
Return on invested capital	15.3%+0.1pp	15.2%+0.1pp	15.1%-0.8pp	15.9%-0.6pp	16.5%+0.2pp
Efficiency
Asset turnover	2.6×0.0×	2.6×+0.1×	2.5×-0.1×	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×+0.1×	0.7×0.0×	0.7×0.0×	0.7×-0.1×	0.8×+0.1×
Net debt / EBITDA	1.4×+0.1×	1.3×-0.1×	1.3×0.0×	1.3×0.0×	1.3×+0.1×
Per Share
Book value per share	$11.79-5.0%	$12.42+3.5%	$12.00+6.7%	$11.24+8.0%	$10.41-7.6%
Valuation
Market capitalization	$1.05T+10.7%	$949.57B+17.7%	$806.69B+3.2%	$781.92B+2.0%	$766.81B-2.8%
Price / earnings	46.3×+2.9×	43.4×+8.2×	35.2×-1.4×	36.6×-4.1×	40.7×+0.2×
Price / sales	1.4×+0.1×	1.3×+0.2×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Price / book	11.1×+1.6×	9.5×+1.1×	8.4×-0.3×	8.7×-0.5×	9.2×+0.5×
EV / EBITDA	24.9×+2.0×	22.8×+2.7×	20.2×+0.5×	19.7×+0.5×	19.2×-0.6×
Dividend yield	0.7%-0.1pp	0.8%-0.1pp	0.9%0.0pp	0.9%0.0pp	0.9%+0.1pp

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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.