Company: Walmart Inc.
Ticker: WMT
Form: 10-K
Filed: 2026-03-13
Fiscal Period: {"fp": "FY", "fy": 2026}

Question: What was Walmart Inc.'s gross margin in fiscal year 2026?
Question Type: derived_ratio

Concept: DerivedGrossProfit
RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 24.21
Answer (Display): 24.21%
Unit: percent

Evidence:
[{"chunk_id": "137", "equivalent_chunk_ids": ["137"], "section": "Results of Operations", "supports": ["numerator", "denominator"], "text": "Results of Operations\nConsolidated Results of Operations\nFiscal Years Ended January 31,\n(Dollar amounts and retail square feet in millions)\nNet sales\n706,413\n674,538\n642,637\nPercentage change from comparable period\nMembership and other income\n6,750\n6,447\n5,488\nTotal revenues\n713,163\n680,985\n648,125\nPercentage change from comparable period\nGross profit\n171,018\n162,785\n152,495\nOperating expenses\n147,943\n139,884\n130,971\nOperating income\n29,825\n29,348\n27,012\nOther (gains) and losses\n(2,075)\n3,027\nConsolidated net income\n22,270\n20,157\n16,270\nPercentage of net sales\nGross profit\n24.2\n24.1\n23.7\nOperating expenses\n20.9\n20.7\n20.4\nOperating income\nRetail unit counts at period end\n10,955\n10,771\n10,616\nRetail square feet at period end\n1,057\n1,053\nMembership and other income includes membership fees and other items such as rental and tenant income, recycling income, gift card breakage income, as well as other income from corporate campus facilities.\nGross profit is defined as net sales less cost of sales. Operating expenses refers to operating, selling, general and administrative expenses.\nOur total revenues increased $32.2 billion or 4.7% and $32.9 billion or 5.1% for fiscal 2026 and 2025, respectively, when compared to the previous fiscal year. These increases in revenues were primarily due to increases in net sales, which increased $31.9 billion or 4.7% and $31.9 billion or 5.0% for fiscal 2026 and 2025, respectively, when compared to the previous fiscal year. The increases were primarily due to strong positive comparable sales across our U.S. segments and international markets. In fiscal 2026, growth was primarily driven by increases in average ticket and transactions, and also reflected growth in unit volumes, while fiscal 2025 growth was primarily driven by higher transactions and unit volumes. Both years include strength in eCommerce as well as strong sales in grocery and health and wellness, with fiscal 2026 also benefiting from improved sales in general merchandise. Net sales were negatively impacted by $2.8 billion and $3.2 billion of fluctuations in currency exchange rates during fiscal 2026 and 2025, respectively.\nMembership and other income increased $0.3 billion and $1.0 billion for fiscal 2026 and 2025, respectively, primarily driven by growth in membership fee revenue globally, partially offset by decreases in certain other income items, including a reduction in recycling income in fiscal 2026."}]

Derivation: {"denominator": "revenue", "denominator_value": 706413.0, "format": "percentage", "numerator": "gross_profit", "numerator_value": 171018.0, "op": "divide"}