In the fiscal year ended January 31, 2024, Walmart's revenue amounted to approximately 648 billion U.S. dollars worldwide. Compared to a year earlier, the retailer's revenue increased by six percent. Walmart, formerly known as Wal-Mart Stores, Inc., is one of the most well-known and valuable brands in the world. The company operates discount stores, supercenters, and neighborhood markets globally.
Powerhouse of retail in both domestic and international markets
Walmart deals in a wide variety of products, such as groceries, apparel, furniture, home appliances, and electronics. The company operates through three distinct business segments: Walmart U.S., Walmart International, and Sam’s Club. Walmart’s strongest segment, in terms of revenue, is Walmart U.S., which operates retail stores in the company’s domestic market of the United States. This segment also includes Walmart’s U.S. eCommerce website: walmart.com. The company’s Walmart International and Sam’s Club business divisions operate globally generating revenue through retail, wholesale, membership club, and online product sales.
How do other leading retailers compare to Walmart, in terms of sales revenue?
Walmart is far ahead of its rivals in the global fast moving consumer goods sector, with nearly double the retail sales of its closest competitors. In terms of historic sales revenue, Amazon and Costco have also witnessed the steady growth experienced by Walmart over the past number of years.
FAQs
In the fiscal year ended January 31, 2024, Walmart's revenue amounted to approximately 648 billion U.S. dollars worldwide. Compared to a year earlier, the retailer's revenue increased by six percent.
How much money did Walmart make in 2024? ›
Our discussion is as of, and for the fiscal years ended, January 31, 2024 ("fiscal 2024"), January 31, 2023 ("fiscal 2023") and January 31, 2022 ("fiscal 2022"). During fiscal 2024, we generated total revenues of $648.1 billion, which was comprised primarily of net sales of $642.6 billion.
What is the global revenue of Walmart? ›
According to Walmart's latest financial reports the company's current revenue (TTM ) is $648.12 B. In 2023 the company made a revenue of $638.78 B an increase over the years 2022 revenue that were of $600.11 B.
Is Walmart the biggest company in the world? ›
Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in October 2022.
How much profit does Walmart make in a year? ›
Walmart gross profit for the twelve months ending April 30, 2024 was $161.043B, a 7.46% increase year-over-year. Walmart annual gross profit for 2024 was $157.983B, a 7.06% increase from 2023. Walmart annual gross profit for 2023 was $147.568B, a 2.65% increase from 2022.
What is the Walmart price forecast for 2024? ›
The forecasted Walmart price at the end of 2024 is $104.42 - and the year to year change -34%. The rise from today to year-end: +74%. In the middle of 2024, we expect to see $79.49.
What is Walmart CEO's salary? ›
Walmart CEO Doug McMillon received $26.9 million in total compensation last fiscal year. The median compensation for Walmart employees was $27,642, per the company's annual proxy statement.
How big is Walmart globally? ›
Walmart International has nearly 5,400 retail units and approximately 550,000 associates around the world. Additionally, Walmart Global Sourcing works with manufacturers to sell their products including apparel, homeware, jewelry, hardlines and more throughout the world.
Why is Walmart so successful globally? ›
Walmart's success can be attributed to having their own supply chain to streamline fulfillment and cut down on costs. It also provides them with more control over their logistics network. In this article, we take a closer look at the Walmart supply chain and why it continues to be so successful decades later.
How much is Walmart worth in revenue? ›
Walmart revenue for the twelve months ending April 30, 2024 was $657.332B, a 5.68% increase year-over-year. Walmart annual revenue for 2024 was $648.125B, a 6.03% increase from 2023. Walmart annual revenue for 2023 was $611.289B, a 6.73% increase from 2022.
There are about 10,500 Walmart locations across 20 different countries. Jim Walton, Alice Walton, and Rob Walton are the top three individual shareholders of Walmart. Walmart's largest institutional investors include the John T. Walton Estate Trust, Vanguard Group, and BlackRock.
What is Walmart's revenue in 2024? ›
About Walmart
With fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity.
What is the worldwide revenue of Walmart? ›
In the fiscal year ended January 31, 2024, Walmart's revenue amounted to approximately 648 billion U.S. dollars worldwide.
How much do Walmart owners make per year? ›
The estimated total pay range for a Owner at Walmart is $100K–$186K per year, which includes base salary and additional pay. The average Owner base salary at Walmart is $106K per year. The average additional pay is $27K per year, which could include cash bonus, stock, commission, profit sharing or tips.
How much money did Walmart make in 2014? ›
In fiscal 2014, consolidated net sales increased $7.5 billion to more than $473 billion and diluted earnings per share from continuing operations were $4.85.
Who makes more money in a year Walmart or Amazon? ›
Walmart brought in $573 billion in revenue in 2022, an increase from $559.15 billion in 2021. In the first quarter of 2023, Walmart's total revenue was up 7.6%. In 2022, Amazon had $514 billion in revenue, up from $469.8 billion in 2021. Amazon's Q1 2023 revenue was $116.4 billion, up 9% from the previous year.
How did Walmart get so rich? ›
The company went public in 1970, and the proceeds financed a steady expansion of the business. Sam credited the rapid growth of Walmart not just to the low costs that attracted his customers, but also to his associates. He relied on them to give customers the great shopping experience that would keep them coming back.
