Walmart’s goes by the slogan “Save money. Live better” and while it does offer some low prices to customers, the scale of the operation allows it to make incredible amounts of money. The retail giant’s empire extends far beyond the United States with over half of its branches located abroad.
Hundreds of millions visit its stores every week to buy everything from groceries to electronics to clothing and more. But those customers aren’t spread out evenly and some stores never turn a profit, or over time face competition making them unviable.
Walmart announced that it will close 23 stores in thirteen states this year that are underperforming. Those store closure will affect the states of Arkansas, Georgia, Florida, Hawaii, Illinois, Indiana, Kansas, Minnesota, New Mexico, Oregon, Texas, Washington, Wisconsin and the District of Columbia. However, the number of company branches still runs in the thousands.
READ ALSO: Why are Walmart stores closing in big cities across the US?
Companies ranked by number of employees:
1. 🇺🇸 Walmart: 2,300,000
2. 🇺🇸 Amazon: 1,541,000
3. 🇹🇼 Foxconn: 826,608
4. 🇮🇪 Accenture: 738,000
5. 🇩🇪 Volkswagen: 645,868
6. 🇮🇳 Tata Consultancy: 616,171
7. 🇩🇪 Deutsche Post: 583,816
8. 🇺🇸 United Parcel Service: 500,000
9. 🇺🇸 Kroger:…
— World of Statistics (@stats_feed) May 6, 2023
According to official data from its website, as of June 2023, Walmart has a total of 10,545 branches globally, of which 4,684 belong to the United States and 599 to Sam’s Club U.S. There are 5,262 branches worldwide.
Taking into account that, thanks to more than 10,500 Walmart branches, it is the largest employer worldwide, have you ever thought about how much money the company makes in a day?
READ ALSO: Walmart will pay $4 million as compensation to customers
How much money does Walmart make in a day?
According to Walmart’s annual report, the company earned around $611.3 billion in fiscal year 2023, which means that every day it generates an average of approximately $1.67 billion. These numbers are possible thanks to the roughly 240 million customers who visit one of the branches each week, whether in the USA, internationally or at Sam’s Club.
Per hour, Walmart earns more than $6.97 million, and per minute approximately $1.16 million. These numbers have made the Waltons, owners of Walmart, one of the richest families in the United States.
FAQs
On average, Walmart makes a whopping $17,000 per second, $1.1 million per minute, and $68 million per hour in store sales! Additionally, Walmart makes $1.6 billion a day in revenue and a staggering $49 billion per month in sales. When combined, Walmart earns $559 billion per year as of 2022.
How much does a Walmart make a day? ›
On average, a U.S. Walmart store pulls in $1.1 billion annually, which translates to roughly $3 million in sales every single day.
How much profit does Walmart make per minute? ›
These numbers are possible thanks to the roughly 240 million customers who visit one of the branches each week, whether in the USA, internationally or at Sam's Club. Per hour, Walmart earns more than $6.97 million, and per minute approximately $1.16 million.
How much money does Walmart make annually? ›
Walmart's revenue is $611.3 billion.
Walmart annual revenue for 2021 was 572.8B, 2.43% growth from 2020. Walmart peak revenue was $611.3B in 2022. Walmart's peak quarterly revenue was $164.0B in 2022(q4). Walmart has 2,300,000 employees, and the revenue per employee ratio is $265,777.
How much does the average Walmart seller make? ›
Average Walmart Seller monthly pay in the United States is approximately $8,832, which is 99% above the national average.
How much does Walmart lose to shoplifting? ›
According to a recent Lending Tree survey of 2,000 Americans, theft at self-checkouts is a real issue, and individuals who engage in it are likely to repeat the behavior. Walmart has faced losses from retail theft, with estimates of 3 2021, 3billion in 2021,6.1 billion in 2022, and $6.5 billion in 2023.
What is Walmart's net worth? ›
Walmart has a market cap or net worth of $647.88 billion as of September 13, 2024. Its market cap has increased by 49.25% in one year.
How much does Walmart CEO make? ›
Walmart CEO Doug McMillon received $26.9 million in total compensation last fiscal year. The median compensation for Walmart employees was $27,642, per the company's annual proxy statement.
Who owns Walmart now? ›
It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through both their holding company Walton Enterprises and their individual holdings.
How much do Walmart owners get paid? ›
Get feedback on your pay or offer
Create an anonymous post and get feedback on your pay from other professionals. The estimated total pay range for a Owner at Walmart is $80K–$150K per year, which includes base salary and additional pay. The average Owner base salary at Walmart is $107K per year.
Some of the highest wages a worker can make at Walmart are in the job titles Director Of Software Engineering ($253,500), and title Telemedicine Physician ($230,000) which are the highest paying jobs at Walmart.
How much does it cost to send $100 from Walmart to Walmart? ›
The fees for Walmart-to-Walmart money transfers vary depending on the amount you're sending. Fees start at $4 for up to $50 transfer, $8 for transfers of $51-1,000, and range up to $16 for $1,000 to $2,500 transfers.
How much of a cut does Walmart take? ›
Walmart's commission rates range from 6% to 15%.
Amazon follows a similar structure, charging a 15% referral rate for most product categories. Depending on your brand, products, and goals, it may be worthwhile to consider the use of both platforms to expand your reach, regardless of referral percentages.
How much does the Walmart family make per day? ›
They're just like any other working Americans running a family business, except for the part where they earn US$100 million every single day. Sam Walton founded Walmart, a multinational retail corporation, in 1962 and his heirs have since helped transform it into a multi-billion revenue-churning machine.
How much does Walmart owner make an hour? ›
What are Top 10 Highest Paying Cities for Walmart Owner Operator Jobs
City | Annual Salary | Hourly Wage |
---|
San Francisco, CA | $266,537 | $128.14 |
San Jose, CA | $259,990 | $125.00 |
Los Angeles, CA | $259,779 | $124.89 |
Marysville, WA | $259,734 | $124.87 |
6 more rows
How much does McDonalds make in a day? ›
McDonald's Revenue Per Day
So, how much money does McDonald's make per day? Well, let me break it down for you. In 2020, McDonald's reported total revenues of $19.21 billion. If we divide this figure by the number of days in a year (365), we can estimate that McDonald's makes approximately $52.66 million per day!
How much does Target make a day? ›
Target's annual revenue in 2022 was $107.6 billion, a 2.8% increase from the previous year. Target.com had a 2.1% market share and was one of the leading retail e-commerce companies in the United States. Each day, Target generates approximately $299 million in revenue.