Walmart U.S. — Operating, selling, general and administrative expenses

Business Segments · Operating, selling, general and administrative expenses

Walmart Walmart U.S. — Operating, selling, general and administrative expenses increased by 2.2% to $28.20B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.7%, from $26.67B to $28.20B. Over 2 years (FY 2023 to FY 2025), Walmart U.S. — Operating, selling, general and administrative expenses shows an upward trend with a 6.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ4 2025
Rolls up toSG&A

How to read this metric

A decrease relative to sales signals improved operational leverage and efficiency, whereas an increase may indicate rising labor costs or inefficient overhead management.

Detailed definition

This metric encompasses the indirect costs of operating the domestic retail segment, including store labor, corporate ov...

Peer comparison

Comparable to SG&A expenses reported by other large retail chains.

Metric ID: wmt_segment_walmart_u_s_operating_selling_general_and_administrative_expenses

Historical Data

12 periods
 Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$23.24B$23.24B$23.24B$23.24B$20.72B$24.86B$25.84B$26.67B$23.13B$25.74B$27.60B$28.20B
QoQ Change+0.0%+0.0%+0.0%-10.9%+20.0%+4.0%+3.2%-13.3%+11.3%+7.2%+2.2%
YoY Change-10.9%+6.9%+11.2%+14.8%+11.7%+3.6%+6.8%+5.7%
Range$20.72B$28.20B
CAGR+7.3%
Avg YoY Growth+6.2%
Median YoY Growth+6.9%
Current Streak3 quarters growth

Frequently Asked Questions

What is Walmart 's walmart u.s. — operating, selling, general and administrative expenses?
Walmart (WMT) reported walmart u.s. — operating, selling, general and administrative expenses of $28.20B in Q4 2025.
How has Walmart 's walmart u.s. — operating, selling, general and administrative expenses changed year-over-year?
Walmart 's walmart u.s. — operating, selling, general and administrative expenses increased by 5.7% year-over-year, from $26.67B to $28.20B.
What is the long-term trend for Walmart 's walmart u.s. — operating, selling, general and administrative expenses?
Over 2 years (2023 to 2025), Walmart 's walmart u.s. — operating, selling, general and administrative expenses has grown at a 6.1% compound annual growth rate (CAGR), from $92.97B to $104.68B.
What does walmart u.s. — operating, selling, general and administrative expenses mean?
The indirect costs of running the business, such as payroll, rent, and marketing.

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