How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.

Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.

What if you'd invested in Walmart (WMT Quick QuoteWMT - Free Report) ten years ago? It may not have been easy to hold on to WMT for all that time, but if you did, how much would your investment be worth today?

Walmart's Business In-Depth

With that in mind, let's take a look at Walmart's main business drivers.

Walmart Inc. has evolved from just being a traditional brick-and-mortar retailer into an omnichannel player. In this regard, acquisitions; partnerships; delivery programs like Walmart + and Express Delivery; and investment in online e-commerce platform Flipkart are noteworthy. These position the company to keep pace with the changing retail ecosystem and stay firm in the presence of rivals like Amazon and Target. Markedly, Walmart’s product offerings include almost everything from grocery to cosmetics, electronics to stationery, home furnishings to health and wellness products, and apparel to entertainment products, to name a few.

This Bentonville-based retailer operates variety stores, discount stores, supercenters, Sam’s Clubs and Neighborhood Markets, along with the websites – walmart.com and samsclub.com. The company offers merchandise under its private-label store brands, which comprises of Equate, Faded Glory, George, Great Value, Holiday Time, Mainstays, and others. The company also markets merchandise under licensed brands, such as, Better Homes & Gardens, General Electric and more.

The company operates as Walmart in the United States (its largest segment), including the 50 states, Washington D.C. and Puerto Rico. Apart from United States, Walmart has operations in Canada, Chile, China, India, Mexico, Africa and Central America. The company operates in Mexico as Walmex and in India as Best Price. As of May, 2025, Walmart operated more than 10,750 stores across 19 countries, alongside its e-commerce sites.

Walmart conducts its businesses under three segments, and generated revenues of $648 billion in fiscal 2024.

Walmart U.S. (68.2% of fiscal 2024 revenues) operates retail stores in different formats in the U.S. and also in Puerto Rico.

Walmart International (17.7%) consists of retail operations outside the United States.

Sam’s Club (13.3%) comprises membership warehouse clubs in the United States and in Puerto Rico.

On Jan 30, 2024, management authorized a three-for-one forward split of its common shares and a proportionate rise in the number of authorized shares. Consequently, each shareholder, as of Feb 22, 2024, will receive two extra shares of the common stock.

Bottom Line

Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Walmart, if you bought shares a decade ago, you're likely feeling really good about your investment today.

A $1000 investment made in August 2015 would be worth $4,179.96, or a 318.00% gain, as of August 15, 2025, according to our calculations. Investors should note that this return excludes dividends but includes price increases.

In comparison, the S&P 500's gained 209.27% and the price of gold went up 187.55% over the same time frame.

Analysts are anticipating more upside for WMT.

Walmart benefits from the inherent strength of its highly diversified business model. The company's strong omnichannel strategy has boosted traffic at physical stores and digital platforms. Walmart's focus on improving delivery services is successful, leading to steady grocery market share gains. Upsides like these, along with growth in newer ventures like advertising and membership, fueled first-quarter fiscal 2026 results, wherein earnings and revenues increased year over year, and e-commerce sales surged. Despite a strong start to the year, Walmart expects potential hurdles in the coming quarters. The company withheld its fiscal second-quarter earnings outlook, citing uncertainty related to tariffs and a highly fluid economic environment. These tariff costs, even at reduced levels, are expected to push prices higher in the near term.

Shares have gained 6.06% over the past four weeks and there have been 3 higher earnings estimate revisions for fiscal 2025 compared to none lower. The consensus estimate has moved up as well.