With the Largest Number of Employees in the World, How Much Does Walmart Earn?

Amidst widespread mass layoffs, Walmart, a major American retail company, maintains a workforce of 2.3 million employees, reportedly the largest in the world.

Walmart operates over 10,000 stores in 27 countries under 69 different names, and boasts e-commerce sites in 10 countries.

During the COVID-19 pandemic in 2021, this retail giant actually raised salaries for 565 of its employees.

According to CNN Business, Walmart's President and CEO, John Furner, admitted to having previously raised wages for 1.2 million part-time workers in the United States over several years.

Given its massive workforce and extensive store network, what is Walmart's year-on-year revenue?

Data from Companies Market Cap shows that Walmart's revenue has steadily increased over the past 10 years. While there was a slight increase in 2014-2015, with figures of US$484.02 billion and US$484.60 billion respectively, the pandemic era saw Walmart's revenue remain high. In 2020, it recorded US$548.74 billion, rising to US$571.96 billion in 2021. The latest data, from 2022, shows revenue reaching US$600.11 billion.

Walmart ranks 18th among companies with the largest market capitalization globally, reaching US$378.14 billion.

Below is Walmart's revenue for the last 10 years, sourced from Companies Market Cap:

* 2013: US$474.73 billion
* 2014: US$483.79 billion
* 2015: US$484.02 billion
* 2016: US$484.60 billion
* 2017: US$495.01 billion
* 2018: US$511.87 billion
* 2019: US$521.08 billion
* 2020: US$548.74 billion
* 2021: US$571.96 billion
* 2022: US$600.11 billion