Walmart Posts Impressive 2025 Results with Revenue Surge and Leadership Transition

Walmart Inc. (NYSE: WMT) has unveiled its comprehensive 2025 Annual Report alongside the Proxy Statement, setting the stage for the company’s Annual Shareholders’ Meeting scheduled for June 5, 2025. The filing reveals a retail giant firing on all cylinders with robust financial performance and significant organizational developments.

Financial Performance Drives Confidence

The retail behemoth demonstrated considerable momentum throughout the fiscal year. Revenues climbed 5.1 percent to reach $681 billion, while operating income surged 8.6 percent, showcasing the effectiveness of Walmart’s integrated business approach. Particularly noteworthy was the explosive 20.8 percent growth in eCommerce sales globally, underscoring the company’s omnichannel dominance. The strong numbers prompted the board to greenlight a 13 percent boost in annual dividends to $0.94 per share—marking the 52nd consecutive year of dividend increases.

People-First Strategy Underpins Growth

Behind the financial metrics lies Walmart’s commitment to its 2.1 million associates worldwide. The company has substantially increased investment in workforce development, with more than half of U.S. store managers earning bonuses exceeding $100,000. Retirement security remains a priority, with over 1.1 million employees participating in 401(k) plans. The Associate Stock Purchase Plan shows overwhelming participation from hourly workers, with 81 percent of participants coming from this demographic.

CEO Doug McMillon framed the company’s trajectory in his annual message, characterizing Walmart as both “people-led and tech-powered.” He emphasized the organization’s capacity to navigate uncertainty while maintaining its core mission and values, describing the company as an “and” business—simultaneously embracing innovation and execution, physical retail and eCommerce, human talent and technological advancement.

Board Transitions Reflect Strategic Continuity

Governance changes underscore Walmart’s commitment to fresh perspectives while maintaining stability. After six years in the Lead Independent Director role, Tom Horton is stepping down from this position though he will remain actively engaged on multiple board committees. Randall Stephenson, who joined the board in 2021, will assume the Lead Independent Director title effective June 5, 2025.

Board Chairman Greg Penner reinforced confidence in the organization’s direction, noting that Walmart remains “well-positioned” to adapt to an evolving retail landscape while staying anchored to its foundational purpose of helping customers save money and live better.

Shareholder Meeting Details and Voting Mechanisms

The 2025 Annual Shareholders’ Meeting will operate exclusively in virtual format, with registered shareholders as of April 11, 2025, eligible to participate. The live audio webcast kicks off on June 5, 2025, at 8:30 a.m. CDT via www.virtualshareholdermeeting.com/WMT2025.

Shareholders have multiple pathways to cast their votes prior to the meeting:

• Online voting through www.proxyvote.com
• Telephone voting at 1-800-690-6903
• Traditional mail-in proxy cards or voting instruction forms
• Mobile scanning of QR codes on proxy materials

This year’s shareholder ballot encompasses 12 director nominees, three company proposals, and seven shareholder proposals, reflecting comprehensive governance considerations.

About Walmart Inc.

Operating as a people-led, technology-enabled omnichannel retailer, Walmart serves approximately 270 million customers and members weekly across more than 10,750 stores and digital platforms spanning 19 countries. The company remains dedicated to sustainability initiatives, community philanthropy, and creating meaningful employment opportunities for its global workforce.