Walmart Sales Intelligence Report
Walmart Org Chart: Corporate Structure, Board of Directors and Executive Leadership (2026)
As of September 27, 2026, Walmart Inc. is led by John Furner, President and CEO since February 1, 2026, and John David Rainey, Executive Vice President and CFO. Gregory B. Penner chairs the 11-member board, with Randall Stephenson as Lead Independent Director. Walmart reports three segments (Walmart U.S., Walmart International and Sam’s Club U.S.) and operated 11,000 retail units as of July 31, 2026.
Sources: Form 10-K for fiscal year ended January 31, 2026 (filed March 13, 2026); Form 10-Q for the quarter ended July 31, 2026 (filed August 28, 2026); 2026 proxy statement (April 23, 2026); Q2 FY2027 earnings call (August 20, 2026); Walmart leadership page (updated July 2, 2026) and board of directors page.
Walmart key facts
| Legal name | Walmart Inc. (10-K cover) |
|---|---|
| State of incorporation | Delaware (10-K cover) |
| Headquarters | 1 Customer Drive, Bentonville, Arkansas 72716 (10-K cover) |
| Ticker and exchange | WMT, Nasdaq Global Select Market (moved from the NYSE on December 9, 2025) (10-K Item 5) |
| Fiscal year end | January 31 (10-K Item 1) |
| Fiscal 2026 revenue | $713.2 billion total revenues; $706.4 billion net sales (10-K Item 1) |
| First-half fiscal 2027 revenue | $365.7 billion total revenues (six months ended July 31, 2026) (10-Q) |
| Employees | About 2.1 million associates, including about 1.6 million in the U.S., as of January 31, 2026 (10-K Item 1) |
| Retail units | 11,000 as of July 31, 2026, in 19 countries (10-Q; 10-K Item 1) |
| Customers | About 280 million per week (10-K Item 1) |
| Reportable segments | Walmart U.S.; Walmart International; Sam’s Club U.S. (10-K Item 1) |
| Independent auditor | Ernst & Young LLP, since 1969 (10-K Item 8) |
Walmart corporate structure
Source: Form 10-K, fiscal year ended January 31, 2026 (Items 1, 2 and Note 11); Form 10-Q, quarter ended July 31, 2026 (unit counts); Q2 FY2027 earnings call, August 20, 2026; Walmart newsroom, August 4, 2026 (Vibe.co). Ownership percentages as of the dates shown.
Walmart board of directors
Source: Walmart board of directors page (corporate.walmart.com/about/board-of-directors), accessed September 27, 2026; committee assignments from the 2026 proxy statement (April 23, 2026), which named Bob Moritz Audit chair effective at the June 4, 2026 annual meeting. Tim Flynn, Brian Niccol and Doug McMillon left the board at that meeting. Walmart does not list current committee assignments on its website.
Walmart executive leadership: Executive Council
Source: Form 10-K, fiscal year ended January 31, 2026, Item 1 (executive officer titles as filed); Walmart leadership page, updated July 2, 2026 (Executive Council membership and Erin Nealy Cox). Reporting lines not disclosed in the filing.
Walmart senior leadership (39 leaders)
Source: Walmart leadership page, Senior Leadership section, updated July 2, 2026. Leaders are grouped by the business named in each title; titles with no business named are grouped under enterprise functions. Reporting lines not disclosed.
Walmart seller intelligence
Walmart’s strategic priorities
The fiscal 2026 10-K sets four strategic aims: make every day easier for busy families, operate with discipline, sharpen the culture and become more digital, and make trust a competitive advantage. On the August 20, 2026 call, Furner tied growth to Marketplace, advertising and membership reinforcing one another, with global eCommerce up 23% in the quarter. An offer framed around one of those four aims lands in a budget that already exists.
The full Databahn report maps each priority to the executive and the budget behind it.
What Walmart’s executives are paid to deliver
Fiscal 2026 cash bonuses for the CEO, CFO and CTO were weighted 50% on operating income and 50% on sales. Segment leaders carry segment goals: 75% of Furner’s fiscal 2026 bonus, earned as head of Walmart U.S., rode on that segment’s results. Performance equity pays on return on investment and sales, 50% each, and about 82% of the CEO’s target pay was performance-based. Sellers who tie their case to sales growth or ROI speak the language Walmart’s leaders are measured in.
Our full report connects each metric to the executive who owns it, and to the conversation it opens.
Spending and capital plans
Walmart spent $26.6 billion on capital projects in fiscal 2026, $16.5 billion of it on U.S. supply chain, customer-facing initiatives and technology. The 10-K projected $25 billion to $27 billion for fiscal 2027; in August the CFO said capex would come in slightly higher, at about 4% of annual net sales, and first-half spending had already reached $14.2 billion. Walmart also carries $41.4 billion in unrecorded purchase obligations, $18.3 billion of it due within a year. That money is already spoken for.
The full Databahn report shows where that spending sits by segment and which leaders control it.
Acquisitions and integrations
Walmart bought VIZIO in December 2024 for net consideration of $1.9 billion and reports it inside Walmart U.S. It agreed to buy Vibe.co, a connected TV advertising platform, on June 23, 2026 and completed the deal on August 4, 2026 (announcement, completion, Walmart newsroom). On the Q2 FY2027 call, management said Vibe adds self-service tools for advertisers of all sizes and expects Vibe costs to trim about 20 basis points from fiscal 2027 operating income growth. PhonePe modified its share-based pay in contemplation of a potential IPO, which cut Walmart’s stake from about 84% to about 73%. Each integration reopens decisions on data, reporting and tools.
Which teams run each integration, and what they are replacing, is in the full Databahn report.
Technology and AI initiatives
In August 2025 Walmart created an Executive Vice President role for AI Acceleration, Product and Design and hired Daniel Danker, formerly Chief Product Officer at Instacart. Customers using Sparky rose 70% year over year, and those who shop with it spend 40% more per order. About 3,100 U.S. stores receive some automated freight, and more than half of eCommerce fulfillment volume runs through automated facilities. AI at Walmart has a named executive and published results, so new proposals get judged against numbers the company already tracks.
The full Databahn report lays out the AI and automation programs by business line and the executives behind each.
Risk factors and pressure points
The 10-K names tariffs, fuel and labor costs, cyber threats and pharmacy reimbursement among Walmart’s main risks, and discloses cybersecurity incidents in fiscal 2026 that it says were not material. In fiscal 2027 so far, Walmart received about $2.9 billion in tariff refunds and put much of it into prices, expects more than $2 billion in extra fuel costs, and absorbed a 125 basis point drag on Walmart U.S. comparable sales from Maximum Fair Price drug pricing. Self-insured general liability claims rose about $0.9 billion in fiscal 2026. Offers that cut fuel, claims or pharmacy costs map to pressure the CFO has described in public.
In the full report, each pressure is ranked and matched to the executive who carries it.
How vendors get approved
Per 10-K Item 1C, Walmart runs risk-based security and privacy impact assessments when it makes significant changes to its technology or information systems, and applies a risk-based third-party program to vendors, service providers and subcontractors that use its data or systems. The program is informed by the NIST Cybersecurity Framework, and suppliers must meet Walmart’s standards of conduct. Vendors that arrive with security and privacy documentation ready move faster once a business sponsor says yes.
The full Databahn report outlines the review path and who signs off at each step.
Who owns security and data decisions
The board’s Audit Committee oversees information systems, information security, data privacy, cybersecurity and the use of AI tools, and hears directly from the Chief Information Security Officer. The 10-K says the CISO, a Walmart associate for more than 30 years, reports to Global CTO Suresh Kumar; Walmart’s leadership page lists Jerry R. Geisler III as Executive Vice President and CISO. The Technology and eCommerce Committee, chaired by Sarah Friar, reviews the company’s development and use of technology, including AI.
The security and data organization below the CISO and CTO is mapped in the full Databahn report.
Leadership changes
John Furner became President and CEO on February 1, 2026, succeeding Doug McMillon, who stays on as an employee through January 31, 2027 under his retirement agreement. That same month David Guggina took over Walmart U.S., Christopher Nicholas moved to Walmart International, Latriece Watkins moved to Sam’s Club U.S., Seth Dallaire became enterprise Chief Growth Officer and Dwayne Milum became Controller. Walmart filed a separation agreement with Kathryn McLay dated January 28, 2026. On the board, Shishir Mehrotra joined in January 2026, and Tim Flynn, Brian Niccol and McMillon left at the June 4 meeting. Leaders in new seats tend to revisit vendors and priorities in their first year.
The full Databahn report shows what each new leader inherited and what they are likely to review first.
Systems and business transformations
Walmart’s July 2026 10-Q says it is upgrading its financial systems globally and modernizing functions across the business, work it expects to affect internal control over financial reporting. Audit fees rose to $44.7 million in fiscal 2026 from $36.3 million, driven partly by that modernization. During fiscal 2026 Walmart also began folding the Sam’s Club U.S. supply chain function into Walmart U.S. Two big back-office systems are moving at once.
Our full report lists the systems in scope and the teams leading each migration.
Shareholder pressure
Four shareholder proposals went on the 2026 ballot: cumulative voting for board elections, a report on workplace health and safety governance, a report on how immigration policy affects operations, and a report on the workforce effects of AI and automation. The board recommended against all four. Walton Enterprises, LLC held voting power over 44.11% of shares as of April 10, 2026. Workforce safety and AI’s effect on jobs are live topics with investors, so claims in those areas will get scrutiny.
The full Databahn report explains how these issues show up in Walmart’s buying decisions.
Walmart locations by territory
As of July 31, 2026, Walmart ran 11,000 retail units: 4,615 Walmart U.S. stores, 5,783 Walmart International units and 602 Sam’s Club U.S. clubs. At fiscal year-end, Walmart U.S. had 3,566 Supercenters, 351 Discount Stores and 694 Neighborhood Markets and small formats, served by 192 U.S. distribution facilities. Internationally, Walmart operates in Mexico, Central America, Canada, Chile, China, India and eight African countries, with 179 distribution facilities. Mexico and Central America was the largest international market at $52.5 billion in fiscal 2026 net sales, followed by China at $24.6 billion and Canada at $23.7 billion.
The full Databahn report breaks the footprint down by territory and names the regional leaders.
What Walmart’s management told analysts
On August 20, 2026, Walmart raised fiscal 2027 guidance: sales growth of 4% to 5% (from 3.5% to 4.5%), operating income growth of 7% to 8.5% (from 6% to 8%) and EPS of $2.80 to $2.87. For Q3 it guided sales growth of 3% to 3.75% and EPS of $0.62 to $0.64. CFO John David Rainey said Q2 operating income growth included a net benefit of about 750 basis points from tariff refunds, and that growth without it was at the top end of the 7% to 10% guidance. Walmart U.S. ended Q2 with more than 11,000 rollbacks, and the company said it is putting much of its tariff refunds into lower prices. Leadership is on the record for these numbers.
The full Databahn report ties each promise to the executive accountable for it.
Walmart org chart FAQ
Who is Walmart’s CEO?
John Furner has been President and CEO of Walmart Inc. since February 1, 2026. He succeeded Doug McMillon and previously ran Walmart U.S. from November 2019.
Who is Walmart’s CFO?
John David Rainey has been Executive Vice President and Chief Financial Officer since June 2022. He was previously CFO of PayPal Holdings, Inc.
Who is on Walmart’s board of directors?
Walmart’s board has 11 members: Gregory B. Penner (Chairman), Randall Stephenson (Lead Independent Director), John Furner, Cesar Conde, Sarah Friar, Carla A. Harris, Tom Horton, Marissa A. Mayer, Shishir Mehrotra, Bob Moritz and Steuart Walton.
How is Walmart organized?
Walmart reports three segments: Walmart U.S. ($483.0 billion in fiscal 2026 net sales, 68% of the total), Walmart International ($130.4 billion, 19%) and Sam’s Club U.S. ($93.0 billion, 13%). Each segment has its own President and CEO.
What companies does Walmart own?
Walmart holds majority stakes in Flipkart and PhonePe in India and in Walmart de México, and wholly owns its operations in Canada, Chile, China and Africa, including Massmart. It acquired VIZIO in December 2024 and completed its acquisition of Vibe.co, a connected TV advertising platform, on August 4, 2026.
Who oversees cybersecurity at Walmart?
The board’s Audit Committee oversees cybersecurity, data privacy and the use of AI tools. Walmart’s CISO, Jerry R. Geisler III, reports to Global CTO Suresh Kumar.
Who is Walmart’s Chief Legal Officer?
Erin Nealy Cox is Executive Vice President of Global Governance, Chief Legal Officer and Corporate Secretary, according to Walmart’s leadership page.
How many stores does Walmart have?
Walmart operated 11,000 retail units as of July 31, 2026: 4,615 Walmart U.S. stores, 5,783 Walmart International units and 602 Sam’s Club U.S. clubs.
What’s in the full Databahn report on Walmart
- How to position against the incumbent vendor in your category at Walmart
- Who to call first, ranked by priority and budget ownership
- The questions to ask each executive, tied to the metrics they are paid on
- The questions Walmart’s team is likely to ask you back
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