As one of the biggest grocery chains on the market, it isn’t outrageous to think that Walmart makes a lot of money.
But how much money does Walmart actually make?
With over 120,000 products in all their different locations around the US, it can be expected that Walmart rakes in a ton of profits. In fact, in 2021, Walmart made approximately $559.15 billion in revenue.
This is undoubtedly a lot of money, but it can be hard to comprehend just how much money that is.
So, in this guide, we’ll be looking at how much money Walmart makes every second, minute, hour, day, month, and how that stacks up against their top competitors.
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How Much Money Does Walmart Make Per Minute?
As a rough estimate, Walmart generates around $17,000 per second.
In the fiscal year of 2021, Walmart generated over $559 billion in revenue. This is largely due to the number of sales made in their stores every single day.
Taking this number into consideration, Walmart’s revenue equates to roughly $1.1 million every single minute.
How Much Money Does Walmart Make Per Day?
Taking the previous numbers into consideration, based on Walmart’s 2021 revenue, the company makes roughly $1.6 billion per day.
For a more exact number, some estimates point to Walmart generating $1,641,095,890 every single day from sales, with over 40% of that number being pure profit.
So, in a month, Walmart can generate over $49 billion from their sales.
To give you an idea of how this is possible, Walmart operates on a very large scale. It’s estimated that Walmart welcomes in over 240 million people every week, based on their 2021 numbers.
This large number of people is the main reason Walmart can generate revenue that quickly.
How Much Money Does Walmart Make In A Year?
The Walmart revenue generated in a year differs. There are many factors that come into play in regards to this such as the current state of the world, the products they stock up on, and the economy.
However, in 2021, Walmart generated $559 billion in revenue. This was significantly larger than their 2020 numbers, which were at $523 billion.
The revenue generated by Walmart on a yearly basis has steadily been increasing since 2012 when it was at $446 billion.
And while the numbers have been steadily rising, it was the jump from the 2020 and 2021 numbers that were the largest.
Does Walmart Make More Than The Competition?
Walmart comfortably rests on top of the retail market in the US. In this market, Walmart generates significantly higher numbers than its competition in Target, Walgreens, and Home Depot.
While these stores are Walmart’s biggest competition in the retail landscape, their largest rival is Amazon. Walmart dominates the retail market while Amazon dominates the e-commerce market in a similar manner.
Currently, Amazon has a market cap of around $1.3 trillion, which is five times larger than what Walmart is worth. While Amazon’s market cap is larger, it’s notable that in 2021, Walmart beat out Amazon in terms of sales, with Amazon only making $332 billion.
The main reason for this is the gross margin of the two retailers. Walmart works with a 25% gross margin, which is significantly smaller than Amazon’s 40%.
How Much Money Does Walmart Make From Online Sales?
Walmart is primarily known for its retail stores, which is what generates most of its income. However, Walmart has slowly and steadily been carving out a piece of the e-commerce market for itself.
On the Walmart.com website, customers can find just about everything that you can find at the physical store and have the items delivered right to your door.
Currently, Walmart.com is considered a completely separate entity from Walmart.
Walmart’s e-commerce sales have been steadily rising, with their revenue in 2020 being 6.5% more than it was in the previous year. However, this can also be attributed to the 69% increase in e-commerce sales in the US.
And with many shoppers returning to in-store shopping for the holiday season, this likely may or may not go down.
The Walmart e-commerce platform makes a lot of money for Walmart. Since they also allow third-party merchants to sell on the site with a referral fee between 6%-20%, the market has grown significantly.
Where Does Walmart’s Money Come From?
The majority of Walmart’s money comes from its in-store sales.
As one of the largest retailers in the world, they offer a wide variety of products at competitive prices, which is why many American shoppers go to Walmart for their necessities.
In any Walmart store, you’re bound to find groceries, electronics, furniture, and even services available at discount prices.
However, on top of their in-store sales, about 30% of Walmart’s profits come from online grocery sales.
Another main contributor to Walmart’s yearly revenue is the different services in their Supercenters such as their AutoCenter, MoneyCenter, Vision Centers, and also their Gas stations.
On top of that, Walmart also owns Sam’s Club, Asda Stores, and Jet.com which also brings in a fair amount of revenue year to year.
Walmart stores tend to generate a lot of sales during their price slashing events such as Walmart rollbacks, which we’ve also covered on our website.
Conclusion
So, that’s about how much money Walmart makes every year, month, day, and second.
Keep in mind that these are rough estimates. While Walmart reports their annual revenue generated, they do not provide accounts of how much money they make per day, week, or month.
So, to come up with these numbers, we did the math and divided their total generated revenue in the 2021 fiscal year and divided it so you won’t have to.
In the retailing market, there aren’t too many stores that can compete with Walmart. While Target, Walgreens, and other main competitors generate large numbers, they aren’t anywhere close to what Walmart generates.
So, Walmart’s main competition is Amazon, which dominates the e-commerce market.
With that said, Walmart is slowly making its way into e-commerce, which means they might start to generate a lot of their income from online sales as well.
