WMT Walmart margins

  1. Stocks
  2. Consumer Defensive
  3. NASDAQ: WMT
  4. Margins
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Relative Growth: Rel. Growth: 66
Relative Strength: Rel. Strength: 33
Relative Valuation: Rel. Valuation: 46
Relative Profitability: Rel. Profitability: 56
Gross margin
25.2%
Operating margin
4.4%
EBITDA margin
6.3%
Net margin
3%

Using the latest TTM figures, Walmart shows a gross margin of 25.2%, an operating margin of 4.4%, an EBITDA margin of 6.3%, and a net margin of 3%. Margin expansion was strongest in gross margin, which increased by 0.3 percentage points. EBITDA margin had the strongest contraction, declining by 0.1 percentage points.

WMT margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Walmart recorded average margins of 24.77% gross, 4.22% operating, 6.12% EBITDA, and 2.86% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

WMT margin expansion

Year-over-year margin changes in percentage points

The biggest increase was in gross margin, up 0.3 percentage points. Operating margin also expanded by 0.2 percentage points, while EBITDA margin contracted by 0.1 percentage points and net margin by 0.1 percentage points.

Gross margin expansion
0.3pp
Operating margin expansion
0.2pp
EBITDA margin expansion
-0.1pp
Net margin expansion
-0.1pp

WMT Gross margin

Over the last 3 years, Walmart's gross margin averaged 24.77%. At present, Walmart's current gross margin is 25.2%, which is 0.4 percentage points above its three-year average. During this period, gross margin reached a high of 25.2% in Jul 2026 and a low of 24.3% in Oct 2023.

WMT Operating margin

Looking back over the last 3 years, Walmart recorded an average operating margin of 4.22%. Walmart's current operating margin is 4.4% and is 0.2 percentage points above its three-year average. The highest operating margin for Walmart was 4.4% in Jul 2026, while the lowest was 4% in Oct 2023.

WMT EBITDA margin

Over the last 3 years, the average EBITDA margin for Walmart was 6.12%. The latest EBITDA margin for Walmart is 6.3%, 0.2 percentage points above its three-year average. Walmart's EBITDA margin ranged from a low of 5.4% in Jul 2024 to a high of 6.6% in Apr 2026.

WMT Net margin

The average net margin for Walmart was 2.86% during the last 3 years. At present, the current net margin for Walmart is 3%, 0.1 percentage points above its three-year average. The net margin for Walmart moved between 2.3% in Jul 2024 and 3.3% in Oct 2025.

WMT margin group comparison

Margins compared with peer-group, industry and sector averages

Walmart's gross margin of 25.2% is below the Consumer Defensive sector, the industry and its peers average. Compared to its Consumer Defensive sector average of 36.6%, Walmart's gross margin is 31% lower.

WMT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Walmart's gross margin?

For the period ending Jul 31, 2026, WMT recorded a gross margin of 25.2%.

What is Walmart's operating margin?

The current operating margin for WMT is 4.4% as of Jul 31, 2026.

What is Walmart's EBITDA margin?

The current EBITDA margin for WMT is 6.3% as of Jul 31, 2026.

What is Walmart's net margin?

The current net margin for WMT is 3% as of Jul 31, 2026.

What are the average margins of WMT?

Over the last 3 years, Walmart's margins averaged 24.8% gross, 4.2% operating, 6.1% EBITDA, and 2.9% net.

What are the highest historical margins of WMT?

Walmart's highest recorded margins during the past 5 years were 25.2% gross in Jul 2026, 4.5% operating in Jan 2022, 6.6% EBITDA in Apr 2026, and 3.3% net in Oct 2025.

What are the lowest historical margins of WMT?

In the last 5 years, the lowest margins reported by WMT were 24.1% gross in Jan 2023, 3.3% operating in Jan 2023, 4.3% EBITDA in Oct 2022, and 1.4% net in Oct 2021.