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Walmart (WMT) operating margin by quarter

Walmart's operating margin was 5.0% in Q2 FY27 (second quarter fiscal 2027), +0.8 pts from Q1 FY27. Over the last 7 quarters it ranged from 3.7% (Q3 FY26) to 5.0% (Q2 FY27).

Walmart operating margin by quarterWalmart operating margin by quarter4.4%Q4 FY254.3%Q1 FY264.1%Q2 FY263.7%Q3 FY264.6%Q4 FY264.2%Q1 FY275.0%Q2 FY27
QuarterOperating marginQ/QY/Y
Q2 FY275.0%+0.8 pts+0.9 pts
Q1 FY274.2%-0.4 pts-0.1 pts
Q4 FY264.6%+0.8 pts+0.2 pts
Q3 FY263.7%-0.4 pts—
Q2 FY264.1%-0.2 pts—
Q1 FY264.3%-0.0 pts—
Q4 FY254.4%——

Q2 FY27 at a glance

Walmart, Q2 FY27: revenue $187.9B (+6% year over year), operating margin 5.0%, net earnings $6.5B, operating cash flow $15.0B. The chart follows the revenue to costs, profit and cash.

Questions

What is Walmart's operating margin?

Walmart's operating margin was 5.0% in Q2 FY27 (second quarter fiscal 2027), +0.8 pts from Q1 FY27.

How has Walmart's operating margin changed?

Over the last 7 quarters it ranged from 3.7% (Q3 FY26) to 5.0% (Q2 FY27).

Q2 FY27 results → · How Walmart makes money →