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Walmart Inc.

RetailFounded 1962
Reviewed by Swet Parvadiya
Company data updated: October 2026
Independent Editorial Analysis
12 historical events · Editorial analysis

Walmart Company Profile: Revenue, Business Model & Strategy

Research depth: 12 milestones · 9 FAQs

Walmart is a public U.S. retailer headquartered in Bentonville, Arkansas. FY2026 revenue was $713.2B, net income attributable to Walmart was $21.9B, and John Furner has been CEO since February 1, 2026.

How Walmart makes money: Most of Walmart's revenue comes from selling groceries, consumables, general merchandise, health and wellness products, and fuel through stores, clubs, and ecommerce. Walmart U.S.

Revenue & employeesCEO historyFoundersBusiness model
Annual Revenue (FY2026)$713.2B
Employees2,100,000
CEOJohn Furner
Founded1962
IndustryRetail
By Swet ParvadiyaLast reviewed:
Share
Data sources: annual reports, SEC filings, methodology
Industry:Retail

Walmart Inc. key figures

Walmart Inc. had revenue of $713.2B for fiscal year 2026, up 4.7% from FY2025. Net income was $21.9B, a net margin of 3.1%.

Source: Walmart FY2026 Form 10-K (SEC EDGAR) · Last reviewed October 2026

Revenue growth, FY2017 to FY2026
+4.4% a year
Compound annual rate, $485.9B to $713.2B
Peak revenue year
FY2026
The latest annual year is the highest in this series
Revenue per employee
$339,601
FY2026 revenue divided by 2,100,000 employees; headcount may use another date
Current chief executive
John Furner
In the role since 2026
Documented transactions
5
Between 2004 and 2024
Founded
1962
64 years ago
Where was Walmart founded?
Walmart was founded in Rogers, Arkansas, United States in 1962. wikidata.org
When did Walmart start?
Walmart was founded in 1962.
How old is Walmart?
Walmart is 64 years old as of 2026.
In-Depth Analysis
341 words · 2 min read

Walmart at a Glance

Walmart Inc. is a retailer based in Bentonville, Arkansas, founded by Sam Walton in 1962. It reported $713.2 billion in total revenues and $21.9 billion in net income attributable to Walmart for fiscal 2026, which ended January 31, 2026, and employs about 2.1 million associates. John Furner has been President and CEO since February 1, 2026. The shares trade on Nasdaq under WMT.

History

Walton opened the first Walmart Discount City in Rogers, Arkansas, after running Ben Franklin variety stores. Walmart went public in 1970, opened the first Sam's Club in 1983, and opened its first supercenter in 1988, the same year David Glass became CEO. Later CEOs Lee Scott, Mike Duke, and Doug McMillon expanded the company abroad and into ecommerce, including the Jet.com purchase in 2016, the Flipkart stake in 2018, and the VIZIO deal in 2024.

How Walmart Makes Money

Walmart reports three segments: Walmart U.S., Walmart International, and Sam's Club U.S. Merchandise sales drive most revenue, while advertising, membership fees, marketplace commissions, and fulfillment services add higher-margin income. Stores serve as pickup and delivery points for online orders.

Recent Results

FY2026 revenue rose 4.7% to $713.2 billion. In Q2 FY27, the quarter ended July 31, 2026, revenue rose 5.9% to $187.9 billion, adjusted EPS was $0.81, global ecommerce grew 23%, and global advertising grew 38%. Walmart received nearly $2.9 billion in IEEPA tariff refunds during the quarter, said it reinvested in prices, and raised its full-year sales and operating income growth guidance. Walmart U.S. comparable sales grew 2.6%.

Leadership

John Furner joined Walmart as an hourly associate in 1993 and led Sam's Club and then Walmart U.S. before becoming CEO. David Guggina succeeded him as President and CEO of Walmart U.S. John David Rainey is Chief Financial Officer, and Greg Penner chairs the board.

Competition

Walmart competes with Amazon in ecommerce and retail media and with Costco, Target, Kroger, Aldi, and dollar stores in physical retail. Its main risks are thin margins, tariff and labor costs, and slower U.S. comparable sales.

Table of Contents

Walmart Inc. Key Facts

CompanyWalmart Inc.
Annual revenue change+4.7% (FY2025–FY2026)
Financials$713.2B (FY2026, last reviewed October 2026)
Market Cap$790.0B
FY2026 net income$21.9B
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded1962
Founder(s)Sam Walton
CEOJohn Furner
HeadquartersBentonville, Arkansas
IndustryRetail
Employees2,100,000+
TickerWMT

Walmart Company Profile: Revenue, Business Model & Strategy

"Walmart passed $700 billion in annual revenue for the first time in fiscal 2026, reporting $713.2 billion, and entered fiscal 2027 under new CEO John Furner."

Why Walmart Inc. Wins

Walmart wins on purchasing scale, store density, grocery frequency, and logistics, and is adding advertising, membership, and marketplace income on top.

Walmart Inc. operates in a competitive market alongside Amazon.com, Inc., Costco Wholesale Corporation, Target Corporation. Analysts frequently compare Walmart Inc. and Amazon.com, Inc. due to their overlapping products, target markets, and strategic positioning. See full comparison →

Walmart is a public U.S. retailer headquartered in Bentonville, Arkansas. FY2026 revenue was $713.2B, net income attributable to Walmart was $21.9B, and John Furner has been CEO since February 1, 2026.

Revenue

$713.2B

Founded

1962

Employees

2100K+

Market Cap

$790.0B

Author: CorpDigest Research DeskCompany Research

Explore Walmart In Depth

Detailed research across every dimension of Walmart — history, financials, leadership, and strategy.

Company History

Walmart is a public retailer listed on Nasdaq as WMT since December 2025, after more than five decades on the New York Stock Exchange.

Full Walmart history →

Revenue & Financials

Walmart had $713.2B in revenue for fiscal year 2026. Data covers 10 fiscal years. Market capitalization stands at approximately $790B.

Walmart financials →

Founders

Walmart was founded by Sam Walton in 1962 in Rogers, Arkansas, United States. Explore each founder's background, motivations, and their role in building the company.

Walmart founders →

CEO & Leadership

Walmart is currently led by John Furner. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

Walmart CEO history →

Business Model

Most of Walmart's revenue comes from selling groceries, consumables, general merchandise, health and wellness products, and fuel through stores, clubs, and ecommerce. Walmart U.S.

How Walmart makes money →

Acquisitions

Walmart has completed 5 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

Walmart acquisitions →

Competitive Strategy

Walmart is pushing store-fulfilled delivery, marketplace assortment, advertising, and membership while keeping its price position.

Walmart strategy →

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CorpDigest Research Desk

 Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

About the Author →Our Methodology →

Frequently Asked Questions About Walmart

Who is the CEO of Walmart?

John Furner has been President and CEO of Walmart since February 1, 2026. He previously ran Walmart U.S. and succeeded Doug McMillon, who had been CEO since 2014.

What was Walmart's revenue in fiscal 2026?

Walmart reported total revenues of $713.163 billion for the fiscal year ended January 31, 2026, up 4.7%. Net income attributable to Walmart was $21.893 billion.

What did Walmart report for Q2 fiscal 2027?

For the quarter ended July 31, 2026, revenue rose 5.9% to $187.9 billion, adjusted EPS was $0.81, and global ecommerce sales grew 23%. Walmart raised its full-year guidance.

Where is Walmart stock listed?

Walmart trades on the Nasdaq Global Select Market under the ticker WMT. It moved its listing from the New York Stock Exchange in December 2025.

Is Walmart the largest retailer?

Yes, Walmart is the largest retailer in the world by both revenue and number of employees.

Does Walmart own Flipkart?

Yes, in a highly strategic massive global expansion, Walmart acquired a 77% controlling stake in Flipkart (India's leading e-commerce company) in 2018 for $16 billion.

Analysis: How Walmart Inc. Makes Money

Deep dive into the Walmart Inc. business model, revenue streams, and strategic moats in 2026.

Competitor Benchmarking

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Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

Explore More Brand Histories

This corporate intelligence report on Walmart Inc. compiles data from verified filings. Explore more detailed brand histories and company histories in the global Retail marketplace.

Full Company Directory ->

Top Companies in Retail

Burlington Stores, Inc.Corning IncorporatedCostco Wholesale CorporationDollar General CorporationDollar Tree, Inc.Fast Retailing Co., Ltd.Five Below, Inc.Gap, Inc.IKEA Group (INGKA Holding B.V.)Inditex, S.A.Nordstrom, Inc.Ross Stores, Inc.Target CorporationThe Home Depot, Inc.The TJX Companies, Inc.

Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Explore Related Pages for Walmart Inc.

History & FailuresTimeline, setbacks, and key milestonesBusiness ModelHow they make money and market productsFinancialsRevenue history and fiscal metricsCompetitive StrategyRivals, benchmarks, and SWOT analysis

Sources & References

The data and narrative synthesized in this intelligence report were verified against primary sources:

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Explore Walmart

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.