The retail Goliath extended its streak at No. 1 on the Global 500 for a ninth consecutive year, bringing in more than $570 billion in revenue. Walmart successfully navigated a challenging 2021—sales grew by 2.4%, and profits inched up by 1.2%—owing in part to its e-commerce offerings: To better compete with delivery rivals as varied as Amazon and DoorDash, Walmart expanded its store-to-fridge delivery service, InHome; it also tested driverless delivery vehicles with Ford. Its click-and-collect curbside pickup service generated sales of $20.4 billion in 2021, a tripling over the past two years. The company’s e-commerce strategy is now in new hands: Walmart’s chief e-commerce officer, Casey Carl, retired and was replaced by Tom Ward in February 2022.
Fan Jianlei—JIEMIAN NEWS/VCG/Getty Images
Company Information
As of 6/5/23
Country/Territory
U.S.
Headquarters
Bentonville, Ark.
Industry
General Merchandisers
CEO
C. Douglas McMillon
Website
Company Type
Public
Ticker
WMT
Revenues ($M)
$611,289
Profits ($M)
$11,680
Market Value ($M)
$397,475
Employees
2,100,000
Figures are for fiscal year ended Jan. 31, 2023. Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)As of 8/3/2022
($ Millions)
% change
Revenues ($M)
$572,754
2.4%
Profits ($M)
$13,673
1.2%
Assets ($M)
$244,860
-
Total Stockholder Equity ($M)
$83,253
-
Profit RatiosAs of 8/3/2022
Profit as % of Revenues
2.4%
Profits as % of Assets
5.6%
Profits as % of Stockholder Equity
16.4%
Walmart Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 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 |
| 2017 | $485,8730.8% | $13,643-7.2% | $198,825 | $77,798 |
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Lists ranking Walmart
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