What is Walmart's EBITDA margin?

Latest reported EBITDA margin for Walmart (WMT) is 6.11% as of the trailing twelve months (TTM) ending April 30, 2026.

How has Walmart EBITDA margin changed year-over-year?

Walmart (WMT) EBITDA margin changed +0.3 percentage points year-over-year on the latest annual filing.

When did Walmart EBITDA margin hit its highest annual value?

Walmart EBITDA margin reached its highest annual value of 8.36% in 1986.

What was Walmart EBITDA margin in 2025?

Walmart (WMT) EBITDA margin in 2025 was 6.17%.

What was Walmart EBITDA margin in 2026?

Walmart (WMT) EBITDA margin in 2026 was 6.52%.

Walmart (WMT) EBITDA Margin — Annual & Quarterly %

TTM

6.1%

YoY change

+0.35pp

Trough year (2019)

4.8%

Peak year (1986)

8.4%

EBITDA Margin history chart for Walmart (WMT) from 1986 to 2026

Latest: 6.5%

EBITDA Margin change chart for Walmart (WMT) from 1986 to 2026

Latest: +0.35pp

EBITDA Margin history table for Walmart (WMT) from 1986 to 2026


2026	6.5%	+0.35pp	Jan 31, 2026	Mar 13, 2026
2025	6.2%	+0.56pp	Jan 31, 2025	Mar 14, 2025
2024	5.6%	+0.69pp	Jan 31, 2024	Mar 15, 2024
2023	4.9%	-0.55pp	Jan 31, 2023	Feb 21, 2023
2022	5.5%	-0.61pp	Jan 31, 2022	Feb 17, 2022
2021	6.1%	-0.35pp	Jan 31, 2021	Mar 19, 2021
2020	6.4%	+1.66pp	Jan 31, 2020	Mar 20, 2020
2019	4.8%	-0.82pp	Jan 31, 2019	Mar 28, 2019
2018	5.6%	-1.17pp	Jan 31, 2018	Mar 30, 2018
2017	6.8%	-0.20pp	Jan 31, 2017	Mar 31, 2017
2016	7.0%	-0.52pp	Jan 31, 2016	Mar 30, 2016
2015	7.5%	-0.05pp	Jan 31, 2015	Apr 1, 2015
2014	7.5%	-0.24pp	Jan 31, 2014	Mar 21, 2014
2013	7.8%	-0.02pp	Jan 31, 2013	Mar 26, 2013
2012	7.8%	-0.13pp	Jan 31, 2012	Mar 27, 2012
2011	7.9%	+0.23pp	Jan 31, 2011	Mar 30, 2011
2010	7.7%	+0.31pp	Jan 31, 2010	Mar 30, 2010
2009	7.4%	-0.21pp	Jan 31, 2009	Jan 31, 2009
2008	7.6%	+0.05pp	Jan 31, 2008	Mar 31, 2008
2007	7.5%	-0.04pp	Jan 31, 2007	Mar 27, 2007
2006	7.6%	-0.07pp	Jan 31, 2006	Mar 29, 2006
2005	7.6%	+0.27pp	Jan 31, 2005	Mar 31, 2005
2004	7.4%	+0.55pp	Jan 31, 2004	Apr 9, 2004
2003	6.8%	-0.47pp	Jan 31, 2003	Apr 15, 2003
2002	7.3%	-0.16pp	Jan 31, 2002	Apr 15, 2002
2001	7.4%	-0.05pp	Jan 31, 2001	Apr 10, 2001
2000	7.5%	+0.30pp	Jan 31, 2000	Apr 17, 2000
1999	7.2%	+0.36pp	Jan 31, 1999	Apr 19, 1999
1998	6.8%	+0.05pp	Jan 31, 1998	Apr 23, 1998
1997	6.8%	-0.15pp	Jan 31, 1997	Apr 21, 1997
1996	6.9%	-0.32pp	Jan 31, 1996	Apr 23, 1996
1995	7.2%	-0.27pp	Jan 31, 1995	Apr 27, 1995
1994	7.5%	+0.05pp	Jan 31, 1994	Jan 31, 1994
1993	7.5%	+0.87pp	Jan 31, 1993	Jan 31, 1993
1992	6.6%	-0.45pp	Jan 31, 1992	Jan 31, 1992
1991	7.0%	-0.47pp	Jan 31, 1991	Jan 31, 1991
1990	7.5%	+0.07pp	Jan 31, 1990	Jan 31, 1990
1989	7.4%	-0.35pp	Jan 31, 1989	Jan 31, 1989
1988	7.8%	-0.37pp	Jan 31, 1988	Jan 31, 1988
1987	8.2%	-0.20pp	Jan 31, 1987	Jan 31, 1987
1986	8.4%	—	Jan 31, 1986	Jan 31, 1986

20266.5%+0.35pp
20256.2%+0.56pp
20245.6%+0.69pp
20234.9%-0.55pp
20225.5%-0.61pp
20216.1%-0.35pp
20206.4%+1.66pp
20194.8%-0.82pp
20185.6%-1.17pp
20176.8%-0.20pp
20167.0%-0.52pp
20157.5%-0.05pp
20147.5%-0.24pp
20137.8%-0.02pp
20127.8%-0.13pp
20117.9%+0.23pp
20107.7%+0.31pp
20097.4%-0.21pp
20087.6%+0.05pp
20077.5%-0.04pp
20067.6%-0.07pp
20057.6%+0.27pp
20047.4%+0.55pp
20036.8%-0.47pp
20027.3%-0.16pp
20017.4%-0.05pp
20007.5%+0.30pp
19997.2%+0.36pp
19986.8%+0.05pp
19976.8%-0.15pp
19966.9%-0.32pp
19957.2%-0.27pp
19947.5%+0.05pp
19937.5%+0.87pp
19926.6%-0.45pp
19917.0%-0.47pp
19907.5%+0.07pp
19897.4%-0.35pp
19887.8%-0.37pp
19878.2%-0.20pp
19868.4%—

EBITDA Margin values are taken from Walmart's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Walmart (WMT)

According to Walmart's latest reported financial statements, the company's latest reported EBITDA margin is 6.1%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending April 30, 2026 (reported May 29, 2026). Chart and table below cover the full reported history back to 1986.

As of the 2026 fiscal year, Walmart (WMT) reported EBITDA margin of 6.52% – expanded 0.3 percentage points year-over-year.

8.36% stands as the all-time-high annual EBITDA margin, posted in 1986, against a low of 4.77% during 2019.

Walmart EBITDA Margin by Year

Walmart EBITDA Margin 2026: 6.5%

Walmart EBITDA margin in 2026 was 6.52%, expanded 0.3 percentage points from 2025.

Walmart EBITDA Margin 2025: 6.2%

2025's EBITDA margin for Walmart came in at 6.17%, expanded 0.6 percentage points from 2024.

Walmart EBITDA Margin 2024: 5.6%

Walmart posted EBITDA margin of 5.61% in 2024, expanded 0.7 percentage points from 2023.

Walmart EBITDA Margin 2023: 4.9%

In 2023, Walmart reported EBITDA margin of 4.92%, contracted 0.6 percentage points from 2022.

Walmart EBITDA Margin 2022: 5.5%

Walmart EBITDA margin in 2022 was 5.47%.

See more financial history for Walmart (WMT).

Sector peers by EBITDA Margin

Consumer Defensive peers of Walmart (WMT), ranked by their latest EBITDA margin


Altria Group (MO)	53.6%
Philip Morris International (PM)	42.8%
Coca-Cola (KO)	37.8%
Monster Beverage (MNST)	31.0%
Procter & Gamble (PG)	26.8%
PepsiCo (PEP)	15.8%
Mondelez International (MDLZ)	13.1%
Costco (COST)	4.9%

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