Operates a global retail and membership business through stores, eCommerce, and digital services.
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Growing
What Walmart does
Walmart operates stores and eCommerce platforms selling groceries, general merchandise, health and wellness products, and other consumer goods.
Founded
1962
Bentonville, Arkansas
CEO
John Furner
Since 2026
Market cap
$827.68B
#19 in the world
Revenue (FY26)
$713.16B
+4.7% YoY
30-Second Summary
A plain-English explanation of Walmart's business model
If you only remember one thing
Walmart makes money primarily by selling products through its stores and eCommerce platforms. Its three main businesses are Walmart U.S., Walmart International, and Sam's Club U.S. It also earns income from memberships and other services, while its large scale helps it offer everyday low prices and operate a broad retail network.
Business Segments
Where Walmart's $713.16B Fiscal year 2026 (ended January 31, 2026) comes from
$713.16B
Fiscal year 2026
68% of revenue ·+4.4% YoY
19% of revenue ·+7% YoY
13% of revenue ·+3.2% YoY
0% of revenue ·-30.8% YoY
Business Model
How Walmart makes money — the ecosystem flywheel
Sell Products at Scale
Reach Customers Globally
Strengths & Risks
What makes Walmart strong — and what could go wrong
Massive Retail Scale
Walmart operates one of the world's largest retail networks, with 10,955 retail units at the end of fiscal 2026
Everyday Low Prices
Walmart uses its everyday low price philosophy to attract customers with consistently low prices across a broad assortment
Omnichannel Retail
Walmart combines physical stores, eCommerce, pickup, delivery, and digital services across its retail ecosystem
Global Reach
Walmart International operated across 18 countries as of January 31, 2026
Membership Business
Sam's Club U.S. provides a membership-based warehouse retail model alongside Walmart's broader retail operations
Financial Overview
Fiscal year 2026 (ended January 31, 2026)
$713.16B
+4.7% YoY
FY26
$21.89B
+12.6% YoY
FY26
$14.92B
+17.9% YoY
FY26
Walmart generated $713.2B of revenue in fiscal 2026, up 4.7% from fiscal 2025. Net income attributable to Walmart was $21.9B and free cash flow was $14.9B.
Financial History
5-year trend, fiscal years 2022–2026
$713.16B
+24% since FY22
Business Ecosystem
Who Walmart depends on — and who depends on Walmart
Suppliers
Walmart works with suppliers and brands to provide merchandise across its stores and digital channels
Logistics
Walmart's distribution and fulfillment network moves products across stores, warehouses, and customer delivery channels
eCommerce
Walmart's digital platforms connect customers with merchandise, pickup, delivery, and other services
Walmart
The global retail platform
Competitors
Companies that compete with Walmart across retail, eCommerce, grocery, and membership-based shopping. Market cap shown relative to Walmart's approximately $827.68B October 2026 snapshot.
Amazon
$2.7T
Direct competitor — Amazon competes with Walmart across eCommerce, grocery, general merchandise, and consumer retail
Costco
$405.51B
Direct competitor — Costco competes with Walmart in grocery, general merchandise, and membership-based retail
Target
$70.79B
Direct competitor — Target competes with Walmart across general merchandise, grocery, household products, and eCommerce
