What is Walmart 's total cost of revenue?

Walmart (WMT) reported total cost of revenue of $133.06B in Q1 2026.

How has Walmart 's total cost of revenue changed year-over-year?

Walmart 's total cost of revenue increased by 7.0% year-over-year, from $124.3B to $133.06B.

What is the long-term trend for Walmart 's total cost of revenue?

Over 4 years (2022 to 2026), Walmart 's total cost of revenue has grown at a 5.7% compound annual growth rate (CAGR), from $429B to $535.4B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Walmart WMT Total Cost of Revenue

Total Cost of Revenue at other companies

TargetTGT

$18.06B+5.4%

Dollar GeneralDG

$7.38B+2.4%

KrogerKR

$35.49B+2.7%

Lowe's CompaniesLOW

$15.54B+11.4%

CVS HealthCVS

$55.44B+8.6%

TJX CompaniesTJX

$9.84B+6.5%

Segments

By segment

See full

Walmart U.S.$84.64B+4.0%

Walmart International$27.69B+18.0%

Sam's Club U.S.$20.73B+6.4%

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:CostOfRevenue.

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 total cost of revenue?: Walmart (WMT) reported total cost of revenue of $133.06B in Q1 2026.
How has Walmart 's total cost of revenue changed year-over-year?: Walmart 's total cost of revenue increased by 7.0% year-over-year, from $124.3B to $133.06B.
What is the long-term trend for Walmart 's total cost of revenue?: Over 4 years (2022 to 2026), Walmart 's total cost of revenue has grown at a 5.7% compound annual growth rate (CAGR), from $429B to $535.4B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.