Walmart is the largest retailer in the world. According to its official website, it operates 10,500 stores and clubs in 24 countries (under 46 different names, though) and employs more than two million people.
In this blog post, we will take a look at how much does Walmart make a day, as well as employee salaries and owner earnings. We will also explore what the highest paying jobs at Walmart are and how much customers spend per year at Walmart stores.
- How Much Money Does Walmart Make Each Day
- How Much Does Walmart Make per Employee
- What Does Walmart Spend its Money On
- How Much Money Walmart’s Employees Make in a Year
- How Much Does Walmart’s Owner Make
- How Much Money Does a Customer Spend at Walmart Per Year
- How Many Products Does Walmart Carry
- How Many Items Does Walmart Sell Per Day
How Much Money Does Walmart Make a Day
Walmart is a massive corporation and it’s no surprise that it brings in a ton of money each day. In fact, Walmart’s monthly sales averaged over $30 billion in the US in 2021, with annual income equaling $369.96 billion—that breaks down to about $1 billion a day. This equals to:
- $42.7 million per hour
- $711,600 per minute
- $11,800 per second
While Walmart’s net income per day is over one billion, it’s also impressive that around $400 million of the sum is pure profit.
Walmart International brought in a total of 121.36 billion dollars last year—not even a third of the US stores’ combined income of $369.96 billion. Here’s an overview of the most profitable stores outside the US:
Walmart Average Sales per Store: The US and Overseas
The majority of Walmart’s profits come from its US stores, which make an average of $160,000 in profit each day. Overseas stores combined are not as lucrative, with Walmart International’s average daily sales (spread over 5,224 stores) bringing in roughly $64,000 each.
Walmart’s sales per square foot in 2021 were around $400.
How Much Does Walmart Make per Employee?
Walmart employs around two million people worldwide. Each employee brings in a lot more in profits than Walmart spends on their paychecks—the company earns $242,351 in revenue per employee.
How Many Employees Does Walmart Have?
The total number of Walmart employees is 2.3 million worldwide. It employs 1.6 million workers in the US alone, which makes it the country’s most significant employer at the moment.
What Does Walmart Spend its Money On?
While Walmart’s daily revenue brings in a significant sum, not all of it goes back into the company. In fact, only around 45% of Walmarts profits are reinvested into the business. The rest is distributed among the owners and shareholders.
Some of the things that Walmart spends its money on include employee salaries, store construction and remodeling, inventory, and advertising.
How Much Money Walmart’s Employees Make in a Year
The median income for a Walmart employee is around $31,000 per year, equaling about $645 per week.
The average hourly wage for full-time and part-time hourly associates is over the highest national minimum wage of $15. The entry-level annual income is around $19,000, while the median salary stands at $31,396 at the moment.
However, some employees make more or less than this depending on their position and experience. For example, entry-level cashiers at Walmart make an average of $11 per hour while assistant managers can earn up to $23 per hour.
Highest-paid employees can earn up to $51,000 a year.
What Are the Highest Paying Jobs at Walmart?
As we mentioned earlier, not all Walmart employees make the same amount of money. The highest-paying jobs at Walmart are typically management positions such as assistant managers and department managers.
Assistant managers can earn up to $23 per hour, while department managers can make up to $18 per hour.
How Much Does Walmart’s Owner Make
The Walton family, Walmart’s owners, are some of the richest people in the world. In 2022, they had a combined net worth of $250 billion.
As owners of 50% of total shares, the family still earns about $100 million per day from Walmart—$70,000 per minute!
To put that into perspective, the average American household has a median annual income of only $67,521.
How Much Does Walmart Spend on Advertising?
Walmart spends around $2.42 billion per year on advertising—in the US alone. That equals to be about $6.7 million per day.
Interestingly, most of Walmart’s advertising budget goes towards television commercials. In fact, Walmart is one of the biggest advertisers on TV.
How Much Does Walmart Spend on Construction and Renovations?
Walmart spends around $800 million per year on construction and renovations. That works out to be about $2200 per day!
Most of this money is spent on new store construction, but Walmart also regularly updates and remodels its existing stores.
How Much Money Does a Customer Spend at Walmart Per Year?
On average, a customer spends around $3,400 per year at Walmart. However, there are some customers who spend much more than this and some who spend less. The reports indicate that the average customer picks up around 13 items per visit, with an overall cart value of $54.
Interestingly though unsurprisingly, the majority of Walmart’s sales come from items that cost less than $25, as Walmart is known for its low prices.
How Many Products Does Walmart Carry?
A typical Walmart store carries around 120,000 different products.
However, keep in mind that not all of these products are available at all Walmart stores. The number of products carried by each store varies depending on the size and location of the store.
When it comes to online inventory, Walmart offers about 35 million items.
How Many Items Does Walmart Sell Per Day?
Walmart sells an estimated 300 million items per day.
To put that into perspective, if each item sold was a penny, Walmart would make $30 million per day. Of course, most items at Walmart cost more than a penny.
So, how much does Walmart make a day? As you can see, Walmart is a huge company that brings in a lot of money each day. A large portion of this money goes towards employee salaries, store construction and renovations, inventory, and advertising. This made the Waltons, Walmart’s owners, some of the richest people in the world with a combined net worth of $250 billion.
Frequently Asked Questions
How much money does Walmart make in a year?
Walmart’s annual earnings are an estimated $369.96 billion in the US alone, in 2022.
How much does Walmart make an hour?
Walmart brings in an estimated $42.7 million per hour.
How much money does a Walmart store make a day?
Walmart stores bring in an estimated $22 million per day.
What does Walmart pay in taxes?
It’s projected that Walmart will be paying around $6.9 billion dollars in taxes for 2022.
Where is the largest Walmart in the world?
The largest Walmart in the world is in Mexico. It’s over twice the size of a typical Walmart store.