Walmart is one of the most well-known retail companies, employing over 2.2 million people worldwide. But even though the company hires a lot of people, you might be asking, is Walmart a Fortune 500 company?
If you’ve found yourself curious about this matter, you’re not alone! I’ve looked into everything there is to know about Walmart and whether or not it’s a Fortune 500 company. Here’s what I discovered!
Is Walmart A Fortune 500 Company In 2023?
Walmart is a Fortune 500 company and is still the largest company globally in terms of revenue as of 2023. With over 2.3 million employees, $559 billion in revenue, and more than 10,500 locations throughout 24 countries, Walmart has remained within the five top spots on the Fortune 500 list for decades.
Do you want to know more about Walmart, such as how long it’s been on the Fortune 500 list? I’ll get into that answer and so much more below, so continue reading!
How Long Has Walmart Been On The Fortune 500 List?
Walmart has been on the Fortune 500 list since 1995 when it debuted in the number four position, and it stayed there through 1998.
However, in 1999 Walmart jumped to the third spot. Then, in 2000 it made it to second place on the Fortune 500 list as it expanded to more countries and became a go-to retailer for millions.
In 2002, Walmart secured the number one spot on the Fortune 500 list, and it has stayed number one for several years, which is an impressive feat for any company.
Still, Walmart did fall to second place a few times, including in 2006, 2009, and 2012.
How Is The Fortune 500 List Ranked?
Fortune Magazine makes the Fortune 500 list and looks at company revenue earned during each fiscal year.
Therefore, all the listed companies are looked at as having the highest quality and highest income earned.
Additionally, it’s prestigious to be on the Fortune 500 list, so making it to the number one spot is an incredible honor.
Moreover, the Fortune 500 list has been released every year since 1955.
Is Walmart The Biggest Company In The World?
Walmart is the biggest company in the world when you look at revenue, as it earned over $559 billion in 2020.
Further, Walmart has remained the biggest company globally by revenue ever since 2013.
Also, Walmart employs more than 2.3 million people worldwide and has more than 10,500 locations in over 24 countries!
Is Walmart A Fortune 100 Company?
Yes, Walmart is a Fortune 100 companyranked number one on the list, with Amazon and Apple right behind it.
Additionally, ever since Walmart has been on the Fortune 500 list, it’s been in the top ten on the Fortune 100 list.
Although, Walmart doesn’t always earn the number one position.
Is Walmart A Fortune Global 500 Company?
Yes, Walmart is on the Fortune Global 500 list and has been ranked number one several times over the years.
Right behind Walmart is State Grid, an energy company out of China. Additionally, Amazon ranks third on the Fortune Global 500 list.
Is There A Difference Between Fortune 500 And Global 500?
Yes, there’s a difference between the Global 500 and Fortune 500 lists. For example, since the Fortune 500 list lists the top US corporations by revenue, it’s exclusive to companies in America.
In comparison, the Fortune Global 500 list is compiled of the biggest corporations worldwide by revenue.
Additionally, the Global 500 list is an excellent indicator of how businesses are doing worldwide.
What Is The Richest Company In The World?
Walmart has continued to be the wealthiest company in the world by revenue. For this reason, Walmart’s on the Fortune 500, Fortune 100, and the Fortune Global 500 list.
However, State Grid is close behind and could catch up with Walmart within the next few years on the Global 500 list.
On top of that, as more people shop online and go to brick-and-mortar stores less often, Amazon could overtake Walmart on the Fortune 500 list within the next couple of years.
Is Fortune 500 Only Public Companies?
The Fortune 500 is not just a list of the biggest public companies by revenue. With that, it does include private companies on the list, but public revenue information is used to compile the list.
Is Fortune 100 Only Public Companies?
The Fortune 100 list includes both public and private companies and lists the top 100 companies out of the Fortune 500 list.
However, the list is compiled using public revenue data, so it isn’t likely to make the list if a company doesn’t disclose this information.
Walmart is a Fortune 500 company and has been within the top five spots ever since it was included back in 1995.
Additionally, Walmart has been number one on the Fortune 500 list nearly every year since it first topped the list in 2002, except in 2006, 2009, and 2012.
However, Walmart does have competition in the United States, with Amazon closing in on the number one spot and potentially overtaking Walmart within a couple of years.
Still, Walmart is the wealthiest company globally by revenue and isn’t slowing down any time soon as it continues to be a go-to retail store and online retailer for shoppers.