Celebrating its 60th birthday this year, Walmart Inc. is still the greatest in many aspects of the retail world. Walmart statistics show that it’s been the biggest private company by revenue in the world for nearly two decades and the largest retailer worldwide.
Formerly known as Wal-Mart Stores, Inc., the big-box retailer is one of the most valued brands around the world. But, is Walmart’s reputation justified in 2022? Read on and find out.
10 Key Walmart Facts to Know in 2022
- In 2021, Walmart made a staggering $1.1 million a minute.
- Walmart’s global retail market share in FY2021 rose to 2.6%.
- A quarter of the click-and-collect market in 2021 belonged to Walmart.
- Walmart has 11,847 stores in total, 4,743 of which are in the US.
- More than half of the products people buy from Walmart are groceries.
- 55% of Walmart employees are women.
- The average hourly Walmart wage in 2021 was $16.40.
- Online, Walmart offers about 75 million products.
- Bananas are the all-time best selling product at Walmart.
- The average Walmart buyer earns $76,000 annually.
Stats on Walmart Annual Revenue
For six decades, Walmart has maintained its upward trend of annual earnings. It’s not only the largest company by revenue in the US but also in the world. Let’s see the extent of its success.
1. In 2021, Walmart made a staggering $1.1 million a minute.
With its yearly income surpassing $530 billion, Walmart showed impressive average sales numbers in 2021. This means the company was making $17,000 a second, $1.57 billion a day, and $68 million an hour. On a monthly basis, this translates to a whopping $49 billion.
2. Last year, the largest retailer was yet again Walmart, with an annual revenue of $559.15 billion.
The retailer reported a 7% increase in its net revenue for the fiscal year of 2021 in comparison with the year before, when it reached $523.96 billion. Of 2021’s colossal sum, $555.23 billion was in net sales.
3. Walmart’s global retail market share in FY2021 rose to 2.6%.
Moreover, Walmart’s sales numbers in the fiscal year of 2021 were higher than in 2020. Data from February 2020 to January 31 2021 confirms that Walmart held a 2.6% share of the global retail market. The year before, however, the percentage was 2.5%.
4. In eCommerce, the Walmart market share in 2021 was 6.6% on a national level.
With an impressive 41% of the online retail market in the US, Amazon is still the most successful eCommerce retailer nationwide. Walmart is the second-biggest in the US online market—its share in 2021 was 6.6% of it.
5. Walmart held a quarter of the click-and-collect market in 2021.
Last year, Walmart was the leader in the click-and-collect eCommerce sector in the US, with an astonishing share of 25.4%. Click-and-collect won Walmart about $20.4 billion in sales.
Brick-and-Mortar Walmart Statistics and Facts
The retailer owes a big part of its success to the density of its store network. Today, 9 in every 10 Americans live within 10 miles of a Walmart. But what is the exact presence of Wally World in the US and worldwide? Find out in this section.
6. Walmart has 11,847 stores in total, 4,743 of which are in the US.
Moreover, 404 of its 11,847 buildings are distribution centers, which leaves 11,443 retail stores. In 2021, 599 of these belonged to Sam’s Club. Data shows that in America, there are 3,570 supercenters, 799 neighborhood markets, and 374 discount Walmart stores.
7. Current Walmart statistics indicate that two-thirds of Americans live 5 miles or less from a Walmart store.
(Minneapolis Fed, Fool)
The average distance for Americans living in bigger cities is 4.2 miles. However, those in rural areas of less than 5,000 people have to cross an average of 14.3 miles to get to the nearest Walmart.
8. Texas has the largest number of Walmarts in the US—602.
(24/7 Walst, Statista)
The second most populated state nationwide, Texas, is home to the biggest number of Walmarts. Florida is second on the list with 385 stores, while the most populated state—California—comes in third with 320 stores.
9. As international Walmart stats tell us, most of the stores outside the US are located in Mexico.
(Statista, The Atlantic)
The first international Walmart was opened in 1991 in Mexico. As of January 2021, Mexico hosts 2,634 Walmarts. In addition, the country counts even more Walmarts than China (434), India (29), Africa (423), and Canada (408) combined.
10. Around 100,000 businesses across the globe supply Walmart stores.
There are no precise direct import Walmart stats that show exactly how many of the retailer’s products are foreign-sourced. Still, according to CNBC, around two-thirds are sourced and produced on American soil.
Walmart Retail Stats
Ever since the coronavirus outbreak in 2020, more and more Americans have been visiting Walmart’s online store. Consequently, the company’s digital marketplace has gone through rapid growth. Let’s see how this trend affects Walmart’s retail stats.
11. Online, Walmart offers about 75 million products.
From food to reading chairs, office desks, and electronics, Walmart offers a huge variety of products. However, groceries are its forte. Online, customers can purchase about 75 million products, while a typical-size Walmart store stocks around 120,000 different items.
12. More than half of the products people buy from Walmart are groceries.
In the FY2021, groceries are the most popular product category at Walmart with the percentage of US sales reaching 56.3% in comparison with other types of products. General merchandise is the second most popular (32.3%), followed by health and wellness items (10.4%).
13. Bananas are the all-time best selling product at Walmart.
(Retail Insider, QuerySprout)
Walmart sells more bananas than any other product. Over one billion pounds of bananas a year are sold through Walmarts! Slow cookers are another one of its most sold items across the US, along with flushable wipes and paper towels.
Walmart Facts About Contribution to Global Employment
Millions of Americans owe part or all of their working experience to Walmart. It’s the largest private employer in the US, and second-largest overall, following the government. Read the details in the following stats.
14. Over 2.2 million people worldwide work for Walmart.
Moreover, approximately 50% of all Walmart employees are in America. Overall, Walmart is the biggest private employer nationwide, offering a myriad of job positions ranging from cashiers and sales associates to operations managers.
15. Most Walmart employees are women (55%).
Walmart aims toward gender and ethnic diversity. For instance, Fortune reveals that 45% of its employees are minorities. Moreover, 35% of Walmart managers are minorities, and 45% of its managers are women.
16. The average hourly Walmart wage in 2021 was $16.40.
In 2021, Walmart raised the hourly wages of 565,000 of its workers, which was $11 for novice employees before the outbreak of the pandemic. Since September, they’ve been earning $1 an hour more, which raised the average hourly wage to $16.40.
17. In April 2020, Walmart employed up to 5,000 people a day.
Walmart committed to hiring 50,000 more employees in temporary positions during the initial pandemic-induced job loss.
Adding this number to the previously announced 150,000 hirings, at one point during the pandemic, Walmart was employing 5,000 new workers a day through a special expedited hiring process.
Walmart Demographics: Who Shops at Walmart?
The most frequent Walmart customers are Caucasian women between the ages of 25 and 34. In fact, typical Walmart shoppers are not that different from those of competitor superstores, except in one important demographic aspect. Scroll on and find out what it is.
18. The average Walmart shopper is 46 years old.
The retailer seems to appeal more to younger customers than older ones. So, shoppers between the ages of 25 and 34 make up the most significant share of the brand’s customer base—more than 20%. However, its versatile offers entice a broad age group—18 to 65 years.
19. 60% of Walmart’s customers are Caucasian.
Caucasian people are the most numerous shoppers at Walmart. Hispanics are the second, while African Americans are the third most frequent Walmart buyers. According to QuerySprout, this is the identical racial pattern data that is seen in other American retail chains.
20. Last year, Gen Zers were the stars of Black Friday at Walmart.
Although Amazon was generally the top online seller on Black Friday 2021, Walmart was more popular among the consumers of tomorrow—Gen Zers. Moreover, the youngest shoppers accounted for about 71.7% of in-store Black Friday purchases.
21. The average Walmart buyer earns $76,000 annually.
When comparing Walmart trends and competitors like Target and Costco, noticeably fewer Walmart customers report upper-income earnings of more than $100,000 annually. In fact, 30% of Walmart shoppers belong to the over $100,000 income group.
Affordable prices are what Walmart is famous for, and a big part of its customers earn between $25,000 and $50,000 a year. Still, most Walmart shoppers belong to the upper-middle-income class, earning approximately $100,000 a year.
Walmart Trends and Estimations for the Future
The Walton family, who owns 51% of Walmart, is the wealthiest non-royal family in the world. The family business has been growing year-to-year for almost six decades. But does Walmart have a bright future ahead? The following stars may give you a clue.
22. There are fewer in-store shoppers at Walmart.
Due to online purchases and lockdowns, Walmart’s in-store visits are declining worldwide. Down from 275 million in 2019, and 265 million in 2020, the retail giant recorded around 240 million customers weekly in FY2021.
23. In 2021, Walmart closed 58 stores across the globe.
Following the shift in customer demand at Walmart, trends for international and domestic stores are online-focused. So, the number of brick-and-mortar Walmart stores is on the decline after reaching a pinnacle of 11,718 stores in 2018.
24. Walmart’s eCommerce sales rose by a whopping 87% in 2021.
From July through October 2021, Walmart’s eCommerce revenue grew by 8% compared to the same period in 2020. Current Walmart statistics project that online sales will hit $122.39 billion in 2022.
25. Walmart Marketplace will have increased by 146% by the end of 2022.
From just six sellers in 2014 to 70,000 in 2020, Walmart Marketplace is a real success story, partly due to the pandemic. As Reuters points out, small businesses flock to Walmart.com, seeking to avoid the overcrowded Amazon and gain customer confidence.
26. Walmart’s international sales will likely drop in 2022, as Walmart trends reveal.
In 2021, Walmart sold its stores in Argentina, Japan, and the UK. By selling over 1,000 stores in total, the company’s expected to lose a significant fragment of the $121.4 billion revenue generated by international Walmarts in FY2021.
For decades, stats and facts confirm Walmart’s top place in the global and national retail market—a position that it’s not likely to change any time soon.
Being synonymous with good deals made Walmart one of the most profitable brands globally and it’s an undeniable proof of the effectiveness of this business approach. However, what’s statistically immeasurable is its unique place in America’s shopping culture and history.
How much does one Walmart make a day?
From their opening to the present, Walmart enjoys a continuous upward revenue trend. Estimating from last year’s revenue of $559.15 billion, Walmart makes $1.57 billion per day, $17,000 each second, $1.1 million a minute, and a staggering $49 billion a month.
How many employees does Walmart have?
Data from November 2021 show that approximately 2.2 million people around the globe can call themselves Walmart associates. Over 1.6 million of these are American employees. This makes the retailer the largest private employer in the US.
What is the #1 selling item at Walmart?
For years on end, bananas are the number one on Walmart’s most purchased items list. A staggering one billion pounds of bananas are sold at Walmart each year for quite affordable prices. Also, people love bananas because it’s one of the tastiest healthy snacks.
How much did Walmart profit in 2021?
Fortune data reveals that as of November 2021, Walmart reported $13,510 million in profit, and a total revenue of $559.15 billion. For over three decades, Walmart has been the most profitable retailer worldwide. In 2020, the giant reached $543.17 billion in retail sales.
How many stores did Walmart Open in 2021?
According to Walmart statistics, as of January 31, 2021, Walmart operates 11,443 retail stores across the globe, which is 58 fewer than the year before. In 2020, Walmart had 11,501 national and international stores. In 2021, Walmart closed thirteen of its existing US stores, ten of which were neighborhood markets.
- 24/7 Walst
- Minneapolis Fed
- NBC News
- Retail Dive
- Retail Insider
- The Atlantic