NEW YORK — Walmart surpassed the $1 trillion market capitalization threshold on Tuesday, marking a milestone driven by rapid growth in e-commerce, advertising, and other higher-margin digital businesses.
Shares of the nation’s largest retailer and grocer closed nearly 3% higher at $127.71, giving the company a market value of about $1.02 trillion. Walmart stock has risen more than 28% over the past year and over 14% so far in 2026, outpacing gains in the S&P 500 during the same periods.
The valuation places Walmart in an exclusive group of mostly technology companies, highlighting the retailer’s strategic shift beyond traditional brick-and-mortar stores. Recently, Walmart has concentrated on expanding its third-party marketplace and rapidly growing advertising business, both of which generate higher margins than its core store operations and reflect elements of Amazon’s approach.
Walmart’s tech ambitions were further highlighted last month when the company joined the tech-heavy Nasdaq 100 after its exchange transfer.
The milestone also comes just days after John Furner assumed the role of CEO, succeeding longtime chief executive Doug McMillon. As head of Walmart U.S., Furner oversaw initiatives including curbside pickup, expanded private-label offerings, and omnichannel improvements that attracted higher-income shoppers amid rising inflation.
For its fiscal 2026 third-quarter report in November, Walmart recorded revenue growth of 5.8%, fueled by a 27% rise in e-commerce sales and a 53% increase in advertising revenue. The company anticipates full-year sales growth of 4.8% to 5.1% and plans to report fiscal fourth-quarter earnings later this month.
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