With $611.3 billion in revenue in its most recent fiscal year, Walmart tops the Fortune 500 for the 11th year in a row. The big-box retailer and growing e-commerce giant saw revenues rise 6.7% year over year, an increase of $38.5 billion.
- In an effort to expand its health care business, Walmart inked a 10-year deal with insurance provider UnitedHealth to offer medical services in an initial 15 stores, along with a co-branded Medicare plan in Georgia.
- In November 2022 Walmart agreed to a $3.1 billion settlement related to the role its pharmacies allegedly played in overprescribing painkillers during the opioid epidemic. The company did not admit to any liability.
- Walmart’s digital advertising business grew 30% last year to $2.7 billion; as its e-commerce platform grows, it’s looking to compete with other e-commerce players for advertisers’ digital spend.
James MacDonald—Bloomberg/Getty Images
Company Information
As of 6/5/23
Country/Territory
U.S.
Headquarters
Bentonville, Ark.
Industry
General Merchandisers
CEO
C. Douglas McMillon
Website
Company Type
Public
Ticker
WMT
Revenues ($M)
$611,289
Profits ($M)
$11,680
Market Value ($M)
$397,475
Employees
2,100,000
Figures are for fiscal year ended Jan. 31, 2023. Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$611,289
6.7%
Profits ($M)
$11,680
-14.6%
Assets ($M)
$243,197
-
Total Stockholder Equity ($M)
$76,693
-
Profit Ratios
Profit as % of Revenues
1.9%
Profits as % of Assets
4.8%
Profits as % of Stockholder Equity
15.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
4.27
EPS % Change (from 2021)
-12.3%
EPS % Change (5 year annual rate)
5.4%
EPS % Change (10 year annual rate)
-1.6%
Total Return
Total Return to Investors (2022)
-0.4%
Total Return to Investors (5 year, annualized)
9.5%
Total Return to Investors (10 year, annualized)
9.9%
Walmart Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2022 | $572,7542.4% | $13,6731.2% | $244,860 | $83,253 |
| 2021 | $559,1516.7% | $13,510-9.2% | $252,496 | $80,925 |
| 2020 | $523,9641.9% | $14,881123.1% | $236,495 | $74,669 |
| 2019 | $514,4052.8% | $6,670-32.4% | $219,295 | $72,496 |
| 2018 | $500,3433% | $9,862-27.7% | $204,522 | $77,869 |
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Lists ranking Walmart
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Latest news for Walmart
- Introducing the 2023 Fortune 500 list;3:08Digital Features;
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- Brainstorm A.I. 2022 - The Age Of Intent: Knowing What Customers Need Before They Do;24:05Conferences, Brainstorm A.I.;
- Impact Initiative 2022 - Leadership In Action with Kathleen McLaughlin;14:07Conferences, Impact Initiative;
