Walmart annual gross margin
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Walmart Gross Margin Growth & History (WMT)
Walmart's gross margin was 24.21% for fiscal 2026.
View full Walmart company overviewWalmart annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-01-31 | 24.21% | +0.08 pp |
| 2025 | 2025-01-31 | 24.13% | +0.40 pp |
| 2024 | 2024-01-31 | 23.73% | +0.27 pp |
| 2023 | 2023-01-31 | 23.46% | −0.98 pp |
| 2022 | 2022-01-31 | 24.44% | +0.14 pp |
| 2021 | 2021-01-31 | 24.30% | +0.20 pp |
| 2020 | 2020-01-31 | 24.10% | −0.40 pp |
| 2019 | 2019-01-31 | 24.50% | −0.18 pp |
| 2018 | 2018-01-31 | 24.68% | −0.26 pp |
| 2017 | 2017-01-31 | 24.94% | −0.18 pp |
| 2016 | 2016-01-31 | 25.13% | +0.30 pp |
| 2015 | 2015-01-31 | 24.83% | +0.00 pp |
| 2014 | 2014-01-31 | 24.82% | −0.01 pp |
| 2013 | 2013-01-31 | 24.83% | −0.15 pp |
| 2011 | 2012-01-31 | 24.98% | −0.37 pp |
| 2010 | 2011-01-31 | 25.34% | −0.14 pp |
| 2009 | 2010-01-31 | 25.48% | +0.67 pp |
| 2008 | 2009-01-31 | 24.81% | +0.18 pp |
| 2007 | 2008-01-31 | 24.64% | — |
Walmart quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2027 | 2026-07-31 | 25.41% | +0.96 pp |
| Q1 2027 | 2026-04-30 | 24.26% | +0.07 pp |
| Q4 2026 | 2026-01-31 | 23.98% | +0.12 pp |
| Q3 2026 | 2025-10-31 | 24.22% | +0.02 pp |
| Q2 2026 | 2025-07-31 | 24.45% | +0.04 pp |
| Q1 2026 | 2025-04-30 | 24.20% | +0.12 pp |
| Q4 2025 | 2025-01-31 | 23.85% | +0.53 pp |
| Q3 2025 | 2024-10-31 | 24.20% | +0.21 pp |
| Q2 2025 | 2024-07-31 | 24.41% | +0.44 pp |
| Q1 2025 | 2024-04-30 | 24.08% | +0.42 pp |
| Q4 2024 | 2024-01-31 | 23.32% | +0.39 pp |
| Q3 2024 | 2023-10-31 | 23.99% | +0.32 pp |
| Q2 2024 | 2023-07-31 | 23.98% | +0.50 pp |
| Q1 2024 | 2023-04-30 | 23.66% | −0.18 pp |
| Q4 2023 | 2023-01-31 | 22.93% | −0.83 pp |
| Q3 2023 | 2022-10-31 | 23.67% | −0.88 pp |
| Q2 2023 | 2022-07-31 | 23.48% | −1.32 pp |
| Q1 2023 | 2022-04-30 | 23.84% | −0.87 pp |
| Q4 2022 | 2022-01-31 | 23.76% | +0.10 pp |
| Q3 2022 | 2021-10-31 | 24.56% | −0.43 pp |
| Q2 2022 | 2021-07-31 | 24.80% | −0.15 pp |
| Q1 2022 | 2021-04-30 | 24.71% | +1.03 pp |
| Q4 2021 | 2021-01-31 | 23.66% | +0.29 pp |
| Q3 2021 | 2020-10-31 | 24.98% | +0.50 pp |
| Q2 2021 | 2020-07-31 | 24.95% | +0.63 pp |
| Q1 2021 | 2020-04-30 | 23.67% | −0.66 pp |
| Q4 2020 | 2020-01-31 | 23.37% | −0.47 pp |
| Q3 2020 | 2019-10-31 | 24.48% | −0.37 pp |
| Q2 2020 | 2019-07-31 | 24.32% | −0.46 pp |
| Q1 2020 | 2019-04-30 | 24.33% | −0.27 pp |
| Q4 2019 | 2019-01-31 | 23.84% | −0.22 pp |
| Q3 2019 | 2018-10-31 | 24.84% | −0.20 pp |
| Q2 2019 | 2018-07-31 | 24.78% | −0.17 pp |
| Q1 2019 | 2018-04-30 | 24.60% | −0.15 pp |
| Q4 2018 | 2018-01-31 | 24.05% | −1.30 pp |
| Q3 2018 | 2017-10-31 | 25.05% | −0.93 pp |
| Q2 2018 | 2017-07-31 | 24.95% | −1.00 pp |
| Q1 2018 | 2017-04-30 | 24.75% | −0.58 pp |
| Q4 2017 | 2017-01-31 | 25.35% | +0.16 pp |
| Q3 2017 | 2016-10-31 | 25.97% | +0.45 pp |
| Q2 2017 | 2016-07-31 | 25.96% | +0.86 pp |
| Q1 2017 | 2016-04-30 | 25.33% | +0.65 pp |
| Q4 2016 | 2016-01-31 | 25.19% | +0.53 pp |
| Q3 2016 | 2015-10-31 | 25.52% | +0.52 pp |
| Q2 2016 | 2015-07-31 | 25.10% | +0.03 pp |
| Q1 2016 | 2015-04-30 | 24.68% | +0.11 pp |
| Q4 2015 | 2015-01-31 | 24.66% | +0.20 pp |
| Q3 2015 | 2014-10-31 | 25.00% | −0.07 pp |
| Q2 2015 | 2014-07-31 | 25.07% | −0.10 pp |
| Q1 2015 | 2014-04-30 | 24.57% | −0.05 pp |
| Q4 2014 | 2014-01-31 | 24.47% | −0.35 pp |
| Q3 2014 | 2013-10-31 | 25.07% | +0.17 pp |
| Q2 2014 | 2013-07-31 | 25.17% | +0.16 pp |
| Q1 2014 | 2013-04-30 | 24.62% | +0.03 pp |
| Q4 2013 | 2013-01-31 | 24.81% | −0.01 pp |
| Q3 2012 | 2012-10-31 | 24.89% | −0.18 pp |
| Q2 2012 | 2012-07-31 | 25.02% | −0.22 pp |
| Q1 2012 | 2012-04-30 | 24.58% | −0.38 pp |
| Q4 2011 | 2012-01-31 | 24.83% | +0.15 pp |
| Q3 2011 | 2011-10-31 | 25.07% | −0.56 pp |
| Q2 2011 | 2011-07-31 | 25.23% | −0.11 pp |
| Q1 2011 | 2011-04-30 | 24.97% | −0.27 pp |
| Q4 2010 | 2011-01-31 | 24.68% | +0.09 pp |
| Q3 2010 | 2010-10-31 | 25.63% | +0.01 pp |
| Q2 2010 | 2010-07-31 | 25.34% | −0.25 pp |
| Q1 2010 | 2010-04-30 | 25.24% | −0.06 pp |
| Q4 2009 | 2010-01-31 | 24.59% | — |
| Q3 2009 | 2009-10-31 | 25.62% | +0.48 pp |
| Q2 2009 | 2009-07-31 | 25.60% | +0.95 pp |
| Q1 2009 | 2009-04-30 | 25.30% | — |
| Q3 2008 | 2008-10-31 | 25.14% | — |
| Q2 2008 | 2008-07-31 | 24.65% | — |
Walmart gross margin trends
Over the last five fiscal years, Walmart's gross margin decreased from 24.30% to 24.21%, a change of −0.09 percentage points. The latest reported quarter, Q2 2027, shows 25.41%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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