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

Simplified Detailed

	FY'26	FY'25	FY'24	FY'23
Profitability
Gross margin	99.6%+0.9pp	98.7%+1.7pp	96.9%-1.1pp	98%-2.3pp
Operating margin	16.8%-0.2pp	17%+2.0pp	15%-0.1pp	15.1%-2.7pp
Net margin	12.2%+1.2pp	11%+2.0pp	9%+1.0pp	8%—
Returns
Return on equity	95.1%+5.8pp	89.3%+15.5pp	73.8%+13.3pp	60.5%—
Return on invested capital	62.7%-1.1pp	63.8%+12.6pp	51.2%-0.5pp	51.6%-2.8pp
Efficiency
Asset turnover	10.5×0.0×	10.5×+0.3×	10.2×+0.4×	9.7×+0.4×
Liquidity
Current ratio	3.2×-0.1×	3.3×-0.1×	3.3×-0.1×	3.4×-0.4×
Leverage
Debt-to-equity	2.9×0.0×	2.9×-0.4×	3.3×-0.1×	3.4×+0.4×
Net debt / EBITDA	5.2×+0.1×	5.1×-0.9×	6.1×-0.3×	6.3×+1.9×
Per Share
Book value per share	$46.06+8.0%	$42.67+9.7%	$38.88-57.8%	$92.07-3.7%
Valuation
Market capitalization	$3.3T+33.4%	$2.48T+44.0%	$1.72T+231%	$519.14B-1.8%
Price / earnings	156×+21.2×	134.8×+12.5×	122.2×+77.3×	44.9×—
Price / sales	4.7×+1.0×	3.7×+1.0×	2.7×+1.8×	0.9×-0.1×
Price / book	35.8×+7.2×	28.6×+6.7×	21.9×+15.0×	6.8×+0.3×
EV / EBITDA	82×+16.7×	65.2×+10.3×	54.9×+32.9×	22×+2.9×
Dividend yield	3.5%-0.8pp	4.3%-1.4pp	5.7%-13.3pp	19%+0.3pp

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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.