Walmart SG&A increased by 0.6% to $38.33B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.0%, from $36.52B to $38.33B. Over 4 years (FY 2022 to FY 2026), SG&A shows an upward trend with a 5.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Increases may indicate aggressive marketing or expansion, while decreases often reflect cost-cutting measures or improved corporate efficiency.
Detailed definition
The sum of all direct and indirect selling expenses and all general and administrative expenses of a company. This inclu...
Peer comparison
Used to assess the 'leaness' of a company's corporate structure relative to its peers.
Metric ID:
selling_general_and_administrativeHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $28.13B | $28.51B | $29.71B | $31.46B | $29.40B | $30.17B | $34.51B | $33.06B | $30.78B | $32.47B | $33.42B | $34.31B | $33.24B | $34.59B | $35.54B | $36.52B | $34.17B | $37.35B | $38.09B | $38.33B |
| QoQ Change | — | +1.4% | +4.2% | +5.9% | -6.5% | +2.6% | +14.4% | -4.2% | -6.9% | +5.5% | +2.9% | +2.7% | -3.1% | +4.1% | +2.8% | +2.8% | -6.4% | +9.3% | +2.0% | +0.6% |
| YoY Change | — | — | — | — | +4.5% | +5.8% | +16.1% | +5.1% | +4.7% | +7.6% | -3.1% | +3.8% | +8.0% | +6.5% | +6.3% | +6.5% | +2.8% | +8.0% | +7.2% | +5.0% |
Range$28.13B – $38.33B
CAGR+6.7%
Avg YoY Growth+5.9%
Median YoY Growth+6.1%
Current Streak3 quarters growth
SG&A at Other Companies
Frequently Asked Questions
- What is Walmart 's sg&a?
- Walmart (WMT) reported sg&a of $38.33B in Q4 2025.
- How has Walmart 's sg&a changed year-over-year?
- Walmart 's sg&a increased by 5.0% year-over-year, from $36.52B to $38.33B.
- What is the long-term trend for Walmart 's sg&a?
- Over 4 years (2022 to 2026), Walmart 's sg&a has grown at a 5.9% compound annual growth rate (CAGR), from $117.81B to $147.94B.
- What does sg&a mean?
- The day-to-day costs of running the business and marketing its products.