WMT · 10-Q · 2026Q2 · Full report

Gross Margin Drivers

Walmart Inc. · 2026-05-29 · Importance 18 · Surprise 14

Gross profit rate increased 6 basis points to 24.3% of net sales for the three months ended April 30, 2026 versus the prior year, primarily driven by the Walmart U.S. segment.,The Walmart U.S. margin improvement was driven by merchandise mix shifts and growth in higher-margin businesses including advertising, which positively impacted gross profit.,These improvements were partially offset by higher fuel costs in the Company's supply chain and increased eCommerce fulfillment costs in the Sam's Club U.S. segment, which pressured gross margin for those businesses.

Key facts

• Gross profit for the three months ended April 30, 2026: $42,626 million and gross profit rate was 24.3%. source
• Gross profit rate for Walmart U.S. increased 29 basis points for the three months ended April 30, 2026 compared to the prior year period. source
• Gross profit rate increased 6 basis points for the three months ended April 30, 2026 compared to the prior year period. source