How Much Is Walmart Worth and Is It Worth Investing?

Salinas, United States - April 8, 2014: Walmart store exterior.
Wolterk / Getty Images

Walmart is the nation’s largest private employer, and its varied selection of goods, from home furnishings and electronics to groceries, appeals to millions. The multinational retail chain achieved the coveted status of no. 1 retailer in the U.S. by 1990. Its stock market performance is going strong nearly 30 years later, as its size and market share help it ride out the effects of the pandemic on the economy.

What Is Walmart Worth? Financials
Walmart Share Price, 52-Week Range $126.28 – $152.57
Fiscal Year 2022 Revenue $572.75 billion
Fiscal Year 2021 Profit $13.67 billion
GOBankingRates’ Evaluation of Walmart’s Net Worth $429.337 billion
All information on 52-week range is accurate as of Feb. 18, 2022.
About Walmart
Headquarters  Bentonville, Arkansas
Year Founded 1945
CEO Doug McMillon’s Salary $1.272 million base pay

Walmart’s Market Cap

Market caps represent the aggregate value of a company’s stocks. You can determine how investors assess a company based on the dollar amount at which its stocks are trading. Walmart’s current market cap is $372.1 billion.

Walmart’s Net Worth: $429.337 Billion

Although market cap gives you a clear sense of what the market values a company at, it is subject to change from prospective and current investors’ activity, resulting in hour-by-hour differences.

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The GOBankingRates Evaluation of Walmart’s net worth, however, is a calculation based on concrete, measurable figures like assets and revenue. It’s a more conservative valuation, taking into account only full-year profits and revenue from the last three years and the company’s assets and debts.

Based on Walmart’s revenue and profits from the last three years, Walmart’s net worth is well over $429 billion.

Walmart’s Stock and Revenue

In 1993, the corporation created the Wal-Mart International Division, with sights on the global market. In 2002, Walmart enjoyed its biggest sales day up to that point, with a revenue of $1.43 billion only a day after Thanksgiving. However, the company has also shown signs of reacting to increased competition from Amazon.

In recent years, Walmart has undergone a significant image makeover, raising minimum wages and expanding employee benefits, lowering prices and buying other businesses to combat Amazon’s global presence. Although Walmart’s roughly $372 billion market cap doesn’t come close to Amazon’s $1.61 trillion valuations, its fourth-quarter earnings for the fiscal year 2022, which ended Jan. 31, beat analyst earnings and revenue estimates, CNBC reported. Walmart reiterated its guidance for the fiscal year 2023 when it expects single-digit growth in earnings per share and a 3% increase in consolidated net sales. According to the earnings statement, Walmart assumes some degree of relief from costs associated with the pandemic and supply-chain disruptions.

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The quarter finished off a strong year for Walmart. Although revenue was up just 2.4% for the year, e-commerce sales grew 11% and advertising reached $2.1 billion, driven by a 136% increase in the number of active advertisers using the Walmart Connect advertising platform.

Competitive pricing gives Walmart a clear advantage in an economy where inflation has a firm hold. U.S. comparable store sales grew 6.4%, driven by grocery. Sam’s Club comparable sales were up 9.8 and membership increased 13%.

Dividends and stock buybacks are two ways companies return money to investors. It’s not just good for investor relations — it also signals that the company is flush with cash. On the same day it released its fourth-quarter 2022 earnings, Walmart announced it would increase its annual dividend to $2.24 per share, marking the 49th straight year of dividend increases, according to the press release. And more stock repurchases could be ahead, which could drive up share prices. Walmart spent just shy of $10 billion of the $20 billion authorized last year to buy back shares.

Walmart’s History and Investors

America counts the Waltons as one of its richest families. The family’s patriarch, Sam Walton, opened the first Walmart in 1962, in Rogers, Ark. Despite humble beginnings, his entrepreneurial spirit has had a lasting impact on American consumerism.

The Walton family has a collective net worth of about $238 billion, according to the Bloomberg Billionaires Index. As of July 2021, family members had sold 28.6 million shares Walmart stock — worth about $4 billion — in 2021 to manage their stake in the company, according to the Arkansas Democrat Gazette, reporting on SEC filings.

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The company’s previous legal name was Wal-Mart Stores Inc. before it was updated to Walmart Inc. in February 2018. Shoppers nowadays might find it difficult to avoid Walmart, with more than 10,500 stores and clubs under 48 banners in 24 countries, as well as e-commerce websites, according to the Walmart website.

Daria Uhlig contributed to the reporting for this article.

Information is accurate as of Feb. 18, 2022.

Methodology: The GOBankingRates Evaluation assesses a company’s net worth based on the company’s total assets, total liabilities, and revenue and net income from the last three years. Base value is established by subtracting total liabilities from total assets from the company’s last full fiscal year. Income value is established by taking the average of the revenue from the last three full fiscal years, 10 times the average of the net profits from the last three full fiscal years, and then calculating the average of those two figures. The final GOBankingRates Evaluation number is the sum of the base value and the income value.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Sean’s first foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. He covered military affairs both in garrison and internationally when he deployed to Afghanistan. After finishing his enlistment, he completed his BA in English at UC Berkeley, eventually moving to Southern California.

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