Walmart (WMT) reported its latest total operating expenses in Q1'27 at $37.2B, which consists entirely of SG&A Expenses. This latest data point represents a slight sequential decrease from the $38.33B recorded in Q4'26. From Q2'24 to Q1'27, operating expenses exhibit a steady upward trajectory, driven exclusively by SG&A Expenses as R&D Expenses consistently remained at 0. The data shows a recurring seasonal pattern where expenses peak in the fourth quarter of each fiscal year before experiencing a moderate pullback in the first quarter. Overall, the quarterly expenditure has grown significantly from $32.47B in Q2'24 to $37.2B in Q1'27, reflecting an increasing cost base over the analyzed period.