What is Walmart 's SG&A?

Walmart (WMT) reported SG&A of $37.2B in Q1 2026.

How has Walmart 's SG&A changed year-over-year?

Walmart 's SG&A increased by 8.9% year-over-year, from $34.17B to $37.2B.

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.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Walmart WMT SG&A

SG&A at other companies

TargetTGT

$5.56B+21.2%

Dollar GeneralDG

$2.77B+4.4%

Lowe's CompaniesLOW

$4.42B+9.3%

TJX CompaniesTJX

$2.79B+9.6%

Ross StoresROST

$975.86M+22.4%

AutoZoneAZO

$1.6B+7.6%

Segments

By segment

See full

Walmart U.S.$27.56B+7.0%

Walmart International$6.25B+16.2%

Sam's Club U.S.$2.67B+6.2%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$4.7B-12.4%

CapEx$6.7B+34.1%

Free cash flow-$1.9B-558%

Valuation

See full

Market cap$921.39B+20.1%

Enterprise value$984.25B+19.4%

P/E40.5×-0.2×

P/S1.3×+0.2×

Profitability

See full

Gross margin25%+0.1pp

Operating margin4.2%-0.2pp

Net margin3.1%+0.4pp

FCF margin1.7%-0.2pp

Returns & leverage

See full

Return on equity25.5%+2.7pp

Debt / equity0.8×0.0×

Current ratio0.8×0.0×

Where this comes from

Reported directly by Walmart in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

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 SG&A?: Walmart (WMT) reported SG&A of $37.2B in Q1 2026.
How has Walmart 's SG&A changed year-over-year?: Walmart 's SG&A increased by 8.9% year-over-year, from $34.17B to $37.2B.
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?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.