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BENTONVILLE, Ark., April 24, 2025--(BUSINESS WIRE)--Walmart Inc. (NYSE: WMT) issued its 2025 Annual Report and filed its Proxy Statement today in preparation for the company’s Annual Shareholders’ Meeting on Thursday, June 5, 2025.
2025 Annual Report Highlights
In his annual letter to shareholders and associates, Walmart President and Chief Executive Officer, Doug McMillon, expressed his appreciation for Walmart associates who drove the year’s strong performance, and highlighted the company’s impressive growth with a 5.1 percent increase in revenues and an 8.6 percent rise in operating income. McMillon emphasized Walmart is a people-led, tech-powered company, investing in associate wages, healthcare and education. More than half of all Walmart U.S. store managers earned bonuses of $100,000 or more; more than 1.1 million people have retirement savings in their 401k plan, and 81 percent of those who participate in the Associate Stock Purchase Plan are hourly associates. He also noted Walmart’s adaptability in navigating challenges and the flexibility to change but stay true to its values and purpose.
"I wouldn’t trade hands with anyone because of our people, our purpose and culture, our unique assets and our ability to change. When the winds blow, flexibility is important and we’ve got that in our people, our assortment, the ways we serve customers and our emerging business model. [...] We’re proving we can change and innovate, and we know how to execute. Walmart is an "and" company. We’re people and technology. We’re stores and eCommerce. We’re innovation and execution."
2025 Walmart Proxy Statement Highlights
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A message from Chairman of the Board, Greg Penner, emphasizing the strength of the Walmart business, the dedication of the company’s 2.1 million associates and its clear path forward.
"Our business is growing […] Last year, revenues grew 5.1 percent to $681 billion, including 20.8 percent eCommerce growth, globally. In February, the company announced a 13 percent increase in its annual dividend to $0.94 per share, marking the 52nd consecutive year of dividend increases. [...]The retail landscape will undoubtedly continue to evolve, and Walmart is well-positioned. We will continue to adapt quickly while staying true to our purpose: to save people money and live better."
- Greg Penner, Chairman, Walmart Board of Directors
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After serving six years as Walmart’s Lead Independent Director, Tom Horton intends to step down from this role while remaining a highly engaged board member and continuing to serve on the Audit, Nominating and Governance, and Strategic Planning and Finance committees. If elected, Randall Stephenson will become the new Lead Independent Director effective June 5, 2025.
"Randall has been a tremendous asset to the board since his appointment in 2021 […] I am confident Randall will be an outstanding Lead Independent Director serving the interests of Walmart associates, customers and shareholders during this exciting time."