TTM
4.2%
YoY change
−0.13pp
Trough year (2023)
3.3%
Peak year (1986)
7.3%
Latest annual
4.2%
Operating Margin history chart for Walmart (WMT) from 1986 to 2026
Latest: 4.2%
Operating Margin change chart for Walmart (WMT) from 1986 to 2026
Latest: −0.13pp
Operating Margin history table for Walmart (WMT) from 1986 to 2026
| 2026 | 4.2% | -0.13pp | ||
| 2025 | 4.3% | +0.14pp | ||
| 2024 | 4.2% | +0.83pp | ||
| 2023 | 3.3% | -1.19pp | ||
| 2022 | 4.5% | +0.50pp | ||
| 2021 | 4.0% | +0.11pp | ||
| 2020 | 3.9% | -0.34pp | ||
| 2019 | 4.3% | +0.18pp | ||
| 2018 | 4.1% | -0.60pp | ||
| 2017 | 4.7% | -0.31pp | ||
| 2016 | 5.0% | -0.59pp | ||
| 2015 | 5.6% | -0.05pp | ||
| 2014 | 5.6% | -0.27pp | ||
| 2013 | 5.9% | -0.02pp | ||
| 2012 | 5.9% | -0.12pp | ||
| 2011 | 6.1% | +0.17pp | ||
| 2010 | 5.9% | +0.25pp | ||
| 2009 | 5.6% | -0.19pp | ||
| 2008 | 5.8% | -0.06pp | ||
| 2007 | 5.9% | -0.12pp | ||
| 2006 | 6.0% | -0.09pp | ||
| 2005 | 6.1% | +0.28pp | ||
| 2004 | 5.8% | +0.42pp | ||
| 2003 | 5.4% | -0.23pp | ||
| 2002 | 5.6% | -0.23pp | ||
| 2001 | 5.9% | +0.87pp | ||
| 2000 | 5.0% | +0.28pp | ||
| 1999 | 4.7% | +0.38pp | ||
| 1998 | 4.3% | +0.17pp | ||
| 1997 | 4.2% | -0.19pp | ||
| 1996 | 4.3% | -0.52pp | ||
| 1995 | 4.9% | -0.44pp | ||
| 1994 | 5.3% | -0.09pp | ||
| 1993 | 5.4% | -0.12pp | ||
| 1992 | 5.5% | -0.47pp | ||
| 1991 | 6.0% | -0.49pp | ||
| 1990 | 6.5% | +0.06pp | ||
| 1989 | 6.4% | -0.34pp | ||
| 1988 | 6.8% | -0.37pp | ||
| 1987 | 7.1% | -0.18pp | ||
| 1986 | 7.3% | — |
- 20264.2%-0.13pp
- 20254.3%+0.14pp
- 20244.2%+0.83pp
- 20233.3%-1.19pp
- 20224.5%+0.50pp
- 20214.0%+0.11pp
- 20203.9%-0.34pp
- 20194.3%+0.18pp
- 20184.1%-0.60pp
- 20174.7%-0.31pp
- 20165.0%-0.59pp
- 20155.6%-0.05pp
- 20145.6%-0.27pp
- 20135.9%-0.02pp
- 20125.9%-0.12pp
- 20116.1%+0.17pp
- 20105.9%+0.25pp
- 20095.6%-0.19pp
- 20085.8%-0.06pp
- 20075.9%-0.12pp
- 20066.0%-0.09pp
- 20056.1%+0.28pp
- 20045.8%+0.42pp
- 20035.4%-0.23pp
- 20025.6%-0.23pp
- 20015.9%+0.87pp
- 20005.0%+0.28pp
- 19994.7%+0.38pp
- 19984.3%+0.17pp
- 19974.2%-0.19pp
- 19964.3%-0.52pp
- 19954.9%-0.44pp
- 19945.3%-0.09pp
- 19935.4%-0.12pp
- 19925.5%-0.47pp
- 19916.0%-0.49pp
- 19906.5%+0.06pp
- 19896.4%-0.34pp
- 19886.8%-0.37pp
- 19877.1%-0.18pp
- 19867.3%—
Operating 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 Operating Margin at Walmart (WMT)
According to Walmart's latest reported financial statements, the company's latest reported operating margin is 4.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2026 fiscal year, Walmart (WMT) reported operating margin of 4.18% – contracted 0.1 percentage points year-over-year.
Across the available history, operating margin reached its high of 7.30% in 1986 and its low of 3.34% in 2023.
Walmart Operating Margin by Year
Walmart Operating Margin 2026: 4.2%
Walmart operating margin in 2026 was 4.18%, contracted 0.1 percentage points from 2025.
Walmart Operating Margin 2025: 4.3%
2025's operating margin for Walmart came in at 4.31%, expanded 0.1 percentage points from 2024.
Walmart Operating Margin 2024: 4.2%
Walmart posted operating margin of 4.17% in 2024, expanded 0.8 percentage points from 2023.
Walmart Operating Margin 2023: 3.3%
In 2023, Walmart reported operating margin of 3.34%, contracted 1.2 percentage points from 2022. This figure represents the lowest annual value in the available history.
Walmart Operating Margin 2022: 4.5%
Walmart operating margin in 2022 was 4.53%.
See more financial history for Walmart (WMT).
Sector peers by Operating Margin
Consumer Defensive peers of Walmart (WMT), ranked by their latest operating margin
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