How Walmart Makes Money (2026)
Walmart makes money mainly from Walmart U.S.. Its FY2026 total revenue was $713,163 million ($713.2 billion), with Walmart U.S. the biggest disclosed revenue line at $485,599 million ($485.6 billion) and 68.1% of total revenue (computed from the 10-K FY2026). Walmart supplements its retail business with fees from membership offerings.
Last checked 2026-10-18 on the official pages.
Revenue breakdown
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Walmart U.S. | $485,599 million ($485.6 billion) | 68.1% | 10-K FY2026 ↗ |
| Walmart International | $131,988 million ($132.0 billion) | 18.5% | 10-K FY2026 ↗ |
| Sam’s Club U.S. | $95,540 million ($95.5 billion) | 13.4% | 10-K FY2026 ↗ |
| Total revenue | $713,163 million ($713.2 billion) | — | 10-K FY2026 ↗ |
The hidden model
Walmart supplements its retail business with fees from membership offerings.
Walmart supplements its retail business with fees from membership offerings. verified
Membership and Other Income Membership and other income primarily includes membership fee revenue associated with the Company's various membership offerings for customers and members across each reportable segment.
Business models
Membership warehouse · Retail margin
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Business model comparisons
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Frequently asked questions
How does Walmart make money?
Walmart makes money mainly from Walmart U.S.. Its FY2026 total revenue was $713,163 million ($713.2 billion), with Walmart U.S. the biggest disclosed revenue line at $485,599 million ($485.6 billion) and 68.1% of total revenue (computed from the 10-K FY2026). Walmart supplements its retail business with fees from membership offerings.
What is Walmart’s business model?
Walmart’s business model is Retail Margin and Membership Warehouse. Source or make products and sell them through stores or digital channels. Product mix, purchasing terms, inventory management, and distribution costs shape the margin. Walmart supplements its retail business with fees from membership offerings.
What is Walmart’s hidden model?
Walmart supplements its retail business with fees from membership offerings.