Walmart annual return on equity
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2026
Walmart Return on Equity (ROE) Growth & History (WMT)
Walmart's return on equity was 22.97% for fiscal 2026.
View full Walmart company overviewWalmart annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-01-31 | 22.97% | +0.74 pp |
| 2025 | 2025-01-31 | 22.23% | +2.91 pp |
| 2024 | 2024-01-31 | 19.32% | +4.72 pp |
| 2023 | 2023-01-31 | 14.60% | −2.05 pp |
| 2022 | 2022-01-31 | 16.66% | −0.71 pp |
| 2021 | 2021-01-31 | 17.37% | −2.86 pp |
| 2020 | 2020-01-31 | 20.22% | +11.35 pp |
| 2019 | 2019-01-31 | 8.87% | −3.80 pp |
| 2018 | 2018-01-31 | 12.67% | −4.56 pp |
| 2017 | 2017-01-31 | 17.23% | −0.92 pp |
| 2016 | 2016-01-31 | 18.15% | −2.61 pp |
| 2015 | 2015-01-31 | 20.76% | −0.24 pp |
| 2014 | 2014-01-31 | 21.00% | −2.03 pp |
| 2013 | 2013-01-31 | 23.02% | +0.57 pp |
| 2011 | 2012-01-31 | 22.45% | −1.13 pp |
| 2010 | 2011-01-31 | 23.58% | +2.41 pp |
| 2009 | 2010-01-31 | 21.17% | +0.82 pp |
| 2008 | 2009-01-31 | 20.35% | — |
Walmart quarterly return on equity
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Q2.27
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2027 | 2026-07-31 | 6.61% | −1.47 pp |
| Q1 2027 | 2026-04-30 | 5.50% | +0.36 pp |
| Q4 2026 | 2026-01-31 | 4.33% | −1.54 pp |
| Q3 2026 | 2025-10-31 | 6.60% | +1.29 pp |
| Q2 2026 | 2025-07-31 | 8.08% | +2.65 pp |
| Q1 2026 | 2025-04-30 | 5.13% | −1.05 pp |
| Q4 2025 | 2025-01-31 | 5.87% | −0.86 pp |
| Q3 2025 | 2024-10-31 | 5.31% | +4.74 pp |
| Q2 2025 | 2024-07-31 | 5.43% | −4.95 pp |
| Q1 2025 | 2024-04-30 | 6.18% | +3.94 pp |
| Q4 2024 | 2024-01-31 | 6.73% | −1.70 pp |
| Q3 2024 | 2023-10-31 | 0.57% | +2.97 pp |
| Q2 2024 | 2023-07-31 | 10.39% | +3.72 pp |
| Q1 2024 | 2023-04-30 | 2.24% | −0.32 pp |
| Q4 2023 | 2023-01-31 | 8.43% | +4.12 pp |
| Q3 2023 | 2022-10-31 | −2.40% | −6.21 pp |
| Q2 2023 | 2022-07-31 | 6.67% | +1.28 pp |
| Q1 2023 | 2022-04-30 | 2.57% | −0.86 pp |
| Q4 2022 | 2022-01-31 | 4.30% | +6.88 pp |
| Q3 2022 | 2021-10-31 | 3.81% | −2.74 pp |
| Q2 2022 | 2021-07-31 | 5.38% | −3.64 pp |
| Q1 2022 | 2021-04-30 | 3.43% | −2.16 pp |
| Q4 2021 | 2021-01-31 | −2.58% | −8.24 pp |
| Q3 2021 | 2020-10-31 | 6.55% | +1.92 pp |
| Q2 2021 | 2020-07-31 | 9.02% | +3.81 pp |
| Q1 2021 | 2020-04-30 | 5.58% | +0.12 pp |
| Q4 2020 | 2020-01-31 | 5.66% | +0.56 pp |
| Q3 2020 | 2019-10-31 | 4.63% | +2.24 pp |
| Q2 2020 | 2019-07-31 | 5.21% | +6.39 pp |
| Q1 2020 | 2019-04-30 | 5.46% | +2.68 pp |
| Q4 2019 | 2019-01-31 | 5.10% | +2.28 pp |
| Q3 2019 | 2018-10-31 | 2.39% | +0.10 pp |
| Q2 2019 | 2018-07-31 | −1.17% | −5.04 pp |
| Q1 2019 | 2018-04-30 | 2.78% | −1.23 pp |
| Q4 2018 | 2018-01-31 | 2.82% | −2.01 pp |
| Q3 2018 | 2017-10-31 | 2.29% | −1.64 pp |
| Q2 2018 | 2017-07-31 | 3.86% | −1.11 pp |
| Q1 2018 | 2017-04-30 | 4.01% | +0.06 pp |
| Q4 2017 | 2017-01-31 | 4.83% | −0.88 pp |
| Q3 2017 | 2016-10-31 | 3.93% | −0.24 pp |
| Q2 2017 | 2016-07-31 | 4.97% | +0.50 pp |
| Q1 2017 | 2016-04-30 | 3.95% | −0.28 pp |
| Q4 2016 | 2016-01-31 | 5.71% | −0.47 pp |
| Q3 2016 | 2015-10-31 | 4.17% | −0.56 pp |
| Q2 2016 | 2015-07-31 | 4.47% | −0.96 pp |
| Q1 2016 | 2015-04-30 | 4.23% | −0.58 pp |
| Q4 2015 | 2015-01-31 | 6.19% | +0.27 pp |
| Q3 2015 | 2014-10-31 | 4.73% | −0.42 pp |
| Q2 2015 | 2014-07-31 | 5.43% | −0.31 pp |
| Q1 2015 | 2014-04-30 | 4.81% | −0.35 pp |
| Q4 2014 | 2014-01-31 | 5.92% | −1.54 pp |
| Q3 2014 | 2013-10-31 | 5.15% | +0.11 pp |
| Q2 2014 | 2013-07-31 | 5.73% | −0.04 pp |
| Q1 2014 | 2013-04-30 | 5.16% | −0.17 pp |
| Q4 2013 | 2013-01-31 | 7.46% | +0.01 pp |
| Q3 2012 | 2012-10-31 | 5.04% | +0.10 pp |
| Q2 2012 | 2012-07-31 | 5.77% | +0.05 pp |
| Q1 2012 | 2012-04-30 | 5.33% | +0.24 pp |
| Q4 2011 | 2012-01-31 | 7.46% | −1.58 pp |
| Q3 2011 | 2011-10-31 | 4.94% | −0.34 pp |
| Q2 2011 | 2011-07-31 | 5.72% | +0.21 pp |
| Q1 2011 | 2011-04-30 | 5.09% | +0.25 pp |
| Q4 2010 | 2011-01-31 | 9.03% | +2.13 pp |
| Q3 2010 | 2010-10-31 | 5.28% | +0.59 pp |
| Q2 2010 | 2010-07-31 | 5.50% | +0.24 pp |
| Q1 2010 | 2010-04-30 | 4.84% | — |
| Q4 2009 | 2010-01-31 | 6.91% | — |
| Q3 2009 | 2009-10-31 | 4.69% | — |
| Q2 2009 | 2009-07-31 | 5.26% | — |
Walmart return on equity trends
Over the last five fiscal years, Walmart's return on equity increased from 17.37% to 22.97%, a change of +5.60 percentage points. The latest reported quarter, Q2 2027, shows 6.61%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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