Overview
Walmart Inc. is a global retail company that describes itself as a people-led, technology-powered omnichannel retailer focused on helping people save money and live better. Its operations span retail, wholesale and eCommerce, with activities organized into three main segments: Walmart U.S., Walmart International and Sam’s Club U.S. The company sells a broad mix of grocery, general merchandise, health and wellness products and related services through stores, clubs, websites and mobile platforms.[1][2][3]
Walmart’s business is defined by its large-scale physical store network and growing digital commerce capabilities. It serves approximately 270 million customers and members each week through more than 10,750 stores and numerous eCommerce websites in 19 countries, with operations across the U.S., Africa, Canada, Central America, Chile, China, India and Mexico. Internationally, the company operates retail and wholesale formats alongside digital businesses, while Sam’s Club adds a membership warehouse offering in the U.S.[4][1][2][5][6]
As a size indicator, Walmart reported $681.0 billion in total revenue in fiscal 2025 and employed about 2.1 million associates as of January 31, 2025. Its scale, geographic reach and combination of mass-market retail, membership clubs and eCommerce make it one of the world’s largest consumer-facing companies.[1][7] [1][2][3][4][5][6][7]
Products & services
Walmart’s product assortment is led by food and everyday consumables, alongside broad general merchandise and health-related offerings. In Walmart U.S., grocery includes dry grocery, snacks, dairy, meat, produce, deli and bakery, frozen foods, alcoholic and nonalcoholic beverages, and consumables such as health and beauty aids, pet supplies, household chemicals, paper goods, and baby products; general merchandise spans entertainment, hardlines, fashion, and home; and health and wellness includes pharmacy, over-the-counter drugs, other medical products, and optical services. Walmart also sells a large portfolio of private-label and licensed brands, including Great Value, Equate, Mainstays, Marketside, onn., Parent’s Choice, Spring Valley, Time and Tru, Wonder Nation, bettergoods, Avia, Better Homes & Gardens, Sofia Jeans by Sofia Vergara, and The Pioneer Woman. In fiscal 2024, grocery accounted for about 59.8% of Walmart U.S. net sales based on the company’s disaggregated revenue table.[8][9][10][11][12][13][14][15][16]
Its service offering is built around omni-channel shopping and merchant services. Walmart U.S. offers same-day pickup and delivery from substantially all stores, including express delivery within 90 minutes, in-home delivery, and digital pharmacy fulfillment; Walmart+ adds unlimited free shipping on eligible items with no order minimum, unlimited delivery from store, fuel discounts, mobile Scan & Go, and other member benefits. For brands and marketplace sellers, Walmart offers in-house advertising, fulfillment and supply-chain services, and data products; named offerings disclosed by the company include Walmart Connect, Walmart Fulfillment Services, Walmart GoLocal, and Walmart Luminate. Additional consumer services include fuel and financial products such as money orders, prepaid access, money transfers, check cashing, bill payment, and certain installment lending. These services are supported by 164 U.S. distribution facilities, a private truck fleet, and 29 dedicated eCommerce fulfillment centers.[17][18][19][20]
Sam’s Club complements this with a membership-based assortment and service model. Its merchandise includes grocery items such as dairy, meat, bakery, deli, produce, dry, chilled and frozen packaged foods, beverages, floral, snacks, candy, and consumables; general merchandise such as home, hardlines, seasonal, technology, and entertainment items; health and wellness products and services including pharmacy, optical, hearing, over-the-counter drugs, and protein and nutrition; plus fuel and other categories. The Member’s Mark private-label brand is a featured part of the assortment. Sam’s Club’s omni-channel services include Curbside Pickup, mobile Scan & Go, ship-from-club, and delivery-from-club, with online access through samsclub.com and mobile apps. Membership options are Club Membership at $50 per year and Plus Membership at $110 per year; Plus members also receive free curbside pickup, free shipping on most merchandise with no minimum order size, and discounts on prescriptions and glasses.[21][22][23][24][25][26][27][28] [8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28]
Geographic presence
Walmart’s geographic footprint is centered on the United States, with additional operations across Africa, Canada, Central America, Chile, China, India and Mexico. The company serves customers through more than 10,750 stores and numerous eCommerce websites in 19 countries, and its principal offices are in Bentonville, Arkansas.[2][1][29]
In fiscal 2025, Walmart generated $557.6 billion of revenue from U.S. operations and $123.4 billion from non-U.S. operations, meaning the U.S. accounted for about 81.9% of total revenue and non-U.S. markets about 18.1%. Long-lived assets were likewise concentrated in the U.S., at $115.3 billion versus $24.5 billion outside the U.S. Walmart states that no individual country outside the U.S. was material to consolidated total revenues or long-lived assets.[30][31]
Outside the U.S., Walmart International operates 5,566 stores across 18 countries. It operates through wholly owned subsidiaries in Canada, Chile, China and Africa, and majority-owned subsidiaries in India and in Mexico and Central America. Within Walmart International, fiscal 2025 net sales were $52.0 billion in Mexico and Central America, $23.0 billion in Canada, $20.0 billion in China, and $26.9 billion in other markets, or roughly 42.6%, 18.9%, 16.4% and 22.1% of the segment’s net sales, respectively. Walmart also had approximately 2.1 million associates globally as of January 31, 2025, and its international supply chain included 184 distribution facilities located in Canada, Central America, Chile, China, India, Mexico and Africa.[32][33][34][7][35] [2][1][29][30][31][32][33][34][7][35]
Business segments
Walmart reports three official reportable segments: Walmart U.S., Walmart International, and Sam’s Club U.S.[36][37]
Walmart U.S. is the largest segment and includes the company’s U.S. mass merchandising operations together with eCommerce, omni-channel initiatives, and certain other business offerings such as advertising services. Its merchandise is organized primarily around grocery, general merchandise, and health and wellness, and the segment accounted for about 69% of consolidated net sales in fiscal 2025.[37][38][39][40]
Walmart International consists of operations outside the U.S., along with eCommerce and omni-channel initiatives. The segment spans both retail and wholesale formats, including supercenters, supermarkets, warehouse clubs, cash-and-carry stores, and digital platforms, and it also emphasizes adjacent businesses such as marketplace services, fulfillment, financial services, and healthcare; it represented about 18% of consolidated net sales in fiscal 2025.[37][5][41]
Sam’s Club U.S. includes the U.S. warehouse membership club business, samsclub.com, and related omni-channel initiatives. It is a membership-only format in which membership income is a significant component of operating income, and its merchandise mix is grouped across grocery, general merchandise, health and wellness, and fuel and other categories; the segment contributed about 13% of consolidated net sales in fiscal 2025.[37][42][43][23][24][44] [36][37][38][39][40][5][41][42][43][23][24][44]
Company history
Walmart’s roots trace to 1945, when Sam M. Walton opened a Ben Franklin variety store, and on July 2, 1962, he opened the first Walmart in Rogers, Arkansas, marking the company’s move into discount retailing.[45][46] Walmart officially incorporated as Wal-Mart Stores, Inc. in 1969 and completed its initial public offering in 1970.[46][45]
The company expanded through new retail formats and geographies over the following decades, opening Sam’s Club in 1983, its first supercenter in 1988, and Neighborhood Market in 1998, while beginning international expansion in 1991 through a joint venture in Mexico.[47] Walmart launched its first eCommerce initiative in 2000, later adding to its digital capabilities through the September 2016 acquisition of Jet.com and the August 2018 acquisition of a controlling stake in Flipkart.[47][48][49] A notable leadership transition came when Doug McMillon succeeded Mike Duke as president and chief executive officer, effective February 1, 2014.[50][51] [45][47][48][49][50][46][51]
Sources
Continue your research
From company context to financial detail.
Explore original sources and worldwide fundamental financial data and intelligence with Finbar.
Explore Walmart Inc. in Finbar ↗