Walmart (WMT) hits $1 trillion market cap

Walmart It surpassed the $1 trillion market cap threshold on Tuesday, following a dizzying stock climb fueled by digital business growth and new customer acquisition.

By meeting the standard, the largest U.S. retailer and grocer joins an exclusive club made up almost entirely of technology companies.

Walmart’s shares are up more than 24% in the past year and more than 11% so far in 2026. This surpasses increases of approximately 16% and 2% respectively over those time periods. S&P 500.

The retailer’s inclusion in a group heavy on tech companies says a lot about its ambitions. Walmart has tried to grow profits faster than sales in recent years by turning to its third-party marketplace and advertising businesses; both of which return higher margins than traditional brick-and-mortar operations.

Online sales platform boom follows main rival’s path Amazon. And Walmart gave its clearest signal yet of its tech ambitions when it appeared on the tech-heavy list Nasdaq 100 last month.

The milestone comes just days into the tenure of new Walmart CEO John Furner, who took office Sunday. He replaces long-time CEO Doug McMillon.

As CEO of Walmart’s U.S. operations, Furner has overseen many of the key initiatives that have driven the retailer’s growth in recent years. Efforts like curbside pickup and better private label brands have helped the discounter attract higher-income customers as higher inflation takes a toll on grocery budgets.

For its fiscal 2026 third quarter reported in November, Walmart said revenue rose 5.8%, driven by a 27% increase in e-commerce sales and 53% growth in its advertising business. Walmart said it expects sales growth for the full fiscal year to be between 4.8% and 5.1%.

The company is expected to report fourth-quarter earnings later this month.