SuperworthWalmart profit margin WMT
Gross, operating and net profit as a share of revenue over the last twelve months, from 1996.
- Net margin, 12 months
- 3.0%
- Operating margin, 12 months
- 4.4%
- Net margin on a year earlier
- −0.1 pts
- Peer median
- 21.5%
Over the twelve months to Jul 31, 2026, Walmart kept 3.0% of its revenue as net profit, with an operating margin of 4.4% and a gross margin of 25.2%.
Five years earlier its net margin was 1.8%.
The median for 6 consumer staples stocks of a similar size is 21.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 3.1% | 4.2% | 24.9% |
| FY2025 | 2.9% | 4.3% | 24.9% |
| FY2024 | 2.4% | 4.2% | 24.4% |
| FY2023 | 1.9% | 3.3% | 24.1% |
| FY2022 | 2.4% | 4.5% | 25.1% |
| FY2021 | 2.4% | 4.0% | 24.8% |
| FY2020 | 2.8% | 3.9% | 24.7% |
| FY2019 | 1.3% | 4.3% | 25.1% |
| FY2018 | 2.0% | 4.1% | 25.4% |
| FY2017 | 2.8% | 4.7% | 25.6% |
| FY2016 | 3.0% | 5.0% | 25.1% |
| FY2015 | 3.4% | 5.6% | 24.8% |
| FY2014 | 3.4% | 5.6% | 24.8% |
| FY2013 | 3.6% | 5.9% | 24.8% |
| FY2012 | 3.5% | 5.9% | 25.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY27 | 3.0% | −0.1 pts | 4.4% | |
| Q1 FY27 | 3.1% | +0.4 pts | 4.2% | |
| Q4 FY26 | 3.1% | +0.2 pts | 4.2% | |
| Q3 FY26 | 3.3% | +0.3 pts | 4.1% | |
| Q2 FY26 | 3.1% | +0.7 pts | 4.2% | |
| Q1 FY26 | 2.7% | −0.1 pts | 4.3% | |
| Q4 FY25 | 2.9% | +0.5 pts | 4.3% | |
| Q3 FY25 | 2.9% | +0.4 pts | 4.3% | |
| Q2 FY25 | 2.3% | +0.1 pts | 4.2% | |
| Q1 FY25 | 2.9% | +1.1 pts | 4.2% | |
| Q4 FY24 | 2.4% | +0.5 pts | 4.2% | |
| Q3 FY24 | 2.6% | +1.1 pts | 4.0% |
Against its peers
Companies in Consumer Defensive nearest Walmart's size, closest first, today.
| Company | Profit margin |
|---|---|
| WMTWalmart | 3.0% |
| COSTCostco Wholesale | 3.0% |
| KOCoca-Cola | 28.6% |
| PGProcter & Gamble | 18.2% |
| PMPhilip Morris International | 24.8% |
| PEPPepsiCo | 11.1% |
| MOAltria | 39.0% |
| Peer median | 21.5% |
Where Walmart ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Walmart
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.