As of Q4'26 (2026-01-31), Walmart's latest reported SG&A Expenses reached USD 38.33B, while R&D Expenses remained at USD 0. This marks a continued absence of R&D spending and a new high in SG&A outlays for the period under review. From Q1'24 to Q4'26, the chart reveals a steady upward trend in SG&A Expenses, rising from USD 30.78B to USD 38.33B. Notable increases occurred in Q2'25 and Q2'26, with only minor fluctuations in other quarters. R&D Expenses consistently registered at zero throughout the entire timeframe, indicating Walmart's operating expense structure is dominated by SG&A costs with no allocation to R&D.