Walmart's market value hits $1T for first time

​​​​​​​ISTANBUL

Walmart's market capitalization reached the $1 trillion threshold for the first time on Tuesday.

The company's shares were up 1.6%. to $126 shortly after markets opened in the US.

As of 11 am EST (1600GMT), shares were trading at $126.24, up 1.76%.

Walmart's stock has increased by more than 11% in 2026 and more than 24% last year.

At its current share price, Walmart is the 10th most valuable publicly traded company in the US.

The milestone was reached just days into John Furner’s tenure as the new CEO, who took over Sunday from longtime head Doug McMillon.

Furner handled many of the major projects that propelled Walmart's expansion in recent years while serving as CEO of the company's US division. As rising inflation cut into grocery budgets, the discounter was able to attract higher-income customers with initiatives like curbside pickup and improved private-label products.

Walmart announced a 5.8% increase in revenue for its fiscal 2026 third quarter in November, driven by a 27% increase in e-commerce sales and a 53% increase in its advertising division. For the entire fiscal year, Walmart projected sales growth of 4.8% to 5.1%.