Walmart Becomes First Retailer to Join $1 Trillion Club

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Walmart has become the first retailer to pass the $1 trillion market capitalization threshold, joining a prestigious club dominated by technology companies. The retail giant's stock has jumped over 24% in the last year and 11% so far in 2026, coinciding with the transition to a new CEO, John Furner, who succeeded longtime CEO Doug McMillon.

Why it matters

Walmart's achievement is a significant milestone, as it demonstrates the company's ability to adapt and thrive in the rapidly evolving retail landscape, competing with e-commerce giants and tech-driven innovations. This accomplishment solidifies Walmart's position as a dominant force in the industry and highlights the company's successful diversification beyond its traditional brick-and-mortar operations.

The details

Walmart's market cap surpassing $1 trillion comes just days after John Furner assumed the CEO role, succeeding Doug McMillon. The company also recently joined the Nasdaq 100 index after spending over five decades on the New York Stock Exchange. Walmart is now one of only 12 companies to join the exclusive trillion-dollar club, which is primarily dominated by technology firms such as Apple, Microsoft, and Amazon.

• On Tuesday, Walmart became the first retailer to pass the $1 trillion market cap threshold.
• Walmart's stock has jumped more than 24% in the last year, and roughly 11% so far in 2026.
• Walmart joined the Nasdaq 100 index in December after spending more than five decades on the New York Stock Exchange.