Walmart employees celebrate at the Nasdaq opening bell ceremony celebrating the company’s listing move on December 9, 2025 in New York City, USA.
Brendan McDiarmid | Reuters
walmart The company surpassed the $1 trillion market capitalization mark on Tuesday, thanks to a dizzying rise in its stock price due to the growth of its digital business and the acquisition of new customers.
To achieve the benchmark, America’s largest retail and grocery store has joined an exclusive club made up almost entirely of technology companies. The stock closed nearly 3% higher at $127.71, giving the company a market capitalization of $1.02 trillion as of Tuesday’s end.
Walmart stock has risen more than 28% in the past year and is up more than 14% so far in 2026. This is higher than increases of approximately 15% and 1%, respectively, in those periods. S&P500.
The company’s inclusion in a group focused on high-tech companies says a lot about its ambitions. Walmart has sought to grow profits faster than sales in recent years by focusing on third-party marketplaces and advertising, both of which offer higher profit margins than its traditional brick-and-mortar operations.
The boom in online sales platforms followed the path of major rivals Amazon. And Walmart sent its clearest signal yet about its technology ambitions when it went public on the tech-heavy financial market. Nasdaq 100 last month.
The milestone comes just days after Wal-Mart’s new CEO, John Farner, was sworn in on Sunday. He replaced longtime CEO Doug McMillon.
As CEO of Walmart’s U.S. operations, Furner oversaw many of the key initiatives that drove the retailer’s growth in recent years. Efforts like curbside pickup and better private label brands have helped discounters attract higher-income shoppers as soaring inflation squeezes grocery store budgets.
Walmart announced in November that its revenue for the third quarter of fiscal 2026 increased 5.8%, driven by a 27% increase in e-commerce sales and 53% growth in its advertising business. Walmart said it expects full-year sales to rise 4.8% to 5.1%.
The company is scheduled to announce its fourth quarter results later this month.
Correction: Walmart reached the $1 trillion market cap threshold on Tuesday. The previous version had an error in the description of that day.
