TTM
25.0%
YoY change
+0.08pp
Trough year (1997)
21.2%
Peak year (1986)
25.9%
Latest annual
24.9%
Gross Margin history chart for Walmart (WMT) from 1986 to 2026
Latest: 24.9%
Gross Margin change chart for Walmart (WMT) from 1986 to 2026
Latest: +0.08pp
Gross Margin history table for Walmart (WMT) from 1986 to 2026
| 2026 | 24.9% | +0.08pp | ||
| 2025 | 24.9% | +0.48pp | ||
| 2024 | 24.4% | +0.23pp | ||
| 2023 | 24.1% | -0.96pp | ||
| 2022 | 25.1% | +0.27pp | ||
| 2021 | 24.8% | +0.14pp | ||
| 2020 | 24.7% | -0.41pp | ||
| 2019 | 25.1% | -0.27pp | ||
| 2018 | 25.4% | -0.28pp | ||
| 2017 | 25.6% | +0.52pp | ||
| 2016 | 25.1% | +0.30pp | ||
| 2015 | 24.8% | +0.00pp | ||
| 2014 | 24.8% | -0.01pp | ||
| 2013 | 24.8% | -0.15pp | ||
| 2012 | 25.0% | -0.37pp | ||
| 2011 | 25.3% | -0.14pp | ||
| 2010 | 25.5% | +0.67pp | ||
| 2009 | 24.8% | +0.18pp | ||
| 2008 | 24.6% | +0.40pp | ||
| 2007 | 24.2% | +0.38pp | ||
| 2006 | 23.9% | +0.12pp | ||
| 2005 | 23.7% | +0.56pp | ||
| 2004 | 23.2% | +0.99pp | ||
| 2003 | 22.2% | -0.52pp | ||
| 2002 | 22.7% | +0.44pp | ||
| 2001 | 22.3% | -0.00pp | ||
| 2000 | 22.3% | +0.37pp | ||
| 1999 | 21.9% | +0.22pp | ||
| 1998 | 21.7% | +0.50pp | ||
| 1997 | 21.2% | -0.12pp | ||
| 1996 | 21.3% | -0.07pp | ||
| 1995 | 21.4% | -0.53pp | ||
| 1994 | 21.9% | +0.35pp | ||
| 1993 | 21.6% | -0.27pp | ||
| 1992 | 21.8% | -1.03pp | ||
| 1991 | 22.8% | -0.44pp | ||
| 1990 | 23.3% | +0.01pp | ||
| 1989 | 23.3% | -0.81pp | ||
| 1988 | 24.1% | -0.94pp | ||
| 1987 | 25.0% | -0.89pp | ||
| 1986 | 25.9% | — |
- 202624.9%+0.08pp
- 202524.9%+0.48pp
- 202424.4%+0.23pp
- 202324.1%-0.96pp
- 202225.1%+0.27pp
- 202124.8%+0.14pp
- 202024.7%-0.41pp
- 201925.1%-0.27pp
- 201825.4%-0.28pp
- 201725.6%+0.52pp
- 201625.1%+0.30pp
- 201524.8%+0.00pp
- 201424.8%-0.01pp
- 201324.8%-0.15pp
- 201225.0%-0.37pp
- 201125.3%-0.14pp
- 201025.5%+0.67pp
- 200924.8%+0.18pp
- 200824.6%+0.40pp
- 200724.2%+0.38pp
- 200623.9%+0.12pp
- 200523.7%+0.56pp
- 200423.2%+0.99pp
- 200322.2%-0.52pp
- 200222.7%+0.44pp
- 200122.3%-0.00pp
- 200022.3%+0.37pp
- 199921.9%+0.22pp
- 199821.7%+0.50pp
- 199721.2%-0.12pp
- 199621.3%-0.07pp
- 199521.4%-0.53pp
- 199421.9%+0.35pp
- 199321.6%-0.27pp
- 199221.8%-1.03pp
- 199122.8%-0.44pp
- 199023.3%+0.01pp
- 198923.3%-0.81pp
- 198824.1%-0.94pp
- 198725.0%-0.89pp
- 198625.9%—
Gross 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 Gross Margin at Walmart (WMT)
According to Walmart's latest reported financial statements, the company's latest reported gross margin is 25.0%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2026, Walmart (WMT) gross margin totalled 24.93% – expanded 0.1 percentage points year-over-year.
25.91% stands as the all-time-high annual gross margin, posted in 1986, against a low of 21.18% during 1997.
Walmart Gross Margin by Year
Walmart Gross Margin 2026: 24.9%
In 2026, Walmart reported gross margin of 24.93%, expanded 0.1 percentage points from 2025.
Walmart Gross Margin 2025: 24.9%
Walmart gross margin in 2025 was 24.85%, expanded 0.5 percentage points from 2024.
Walmart Gross Margin 2024: 24.4%
2024's gross margin for Walmart came in at 24.38%, expanded 0.2 percentage points from 2023.
Walmart Gross Margin 2023: 24.1%
Walmart posted gross margin of 24.14% in 2023, contracted 1.0 percentage points from 2022.
Walmart Gross Margin 2022: 25.1%
Walmart gross margin in 2022 was 25.10%.
See more financial history for Walmart (WMT).
Sector peers by Gross Margin
Consumer Defensive peers of Walmart (WMT), ranked by their latest gross margin
Frequently asked questions
Walmart (WMT) Key Financials
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