Consumer / Retail
World's largest retailer by revenue with growing e-commerce and advertising businesses.
View forensic reportOperating income grew 41% while revenue grew 5%. Walmart Connect, the third-party marketplace, and Walmart+ are transforming a low-margin grocer into a high-margin platform — and the data shows it clearly.
A $5 billion ad business growing 30%, a membership programme with 25 million subscribers, international operations that finally work, and 52 years of consecutive dividend increases.
Walmart's operating margin expanded from 3.9% to 4.5% while revenue grew to $674 billion. The data tells a story of a retailer transforming into something more valuable.