Walmart Online Sales (2019–2023)
US-based Walmart is currently the top retail company worldwide. It may be known to some for its chain of hypermarkets, but the company is also doing particularly well in ecommerce. Not only is it ranked among one of the best online grocery stores in the US, its shopping app is also extremely popular among smartphone users.
To understand the performance of Walmart’s online sales, let’s have a look at recent data on its ecommerce performance in recent years.
Walmart ecommerce sales
According to recent data, Walmart has seen substantial growth in its online revenue over the past few years. The company’s online sales (including ecommerce sales from its wholesale wing, Sam’s Club) hit $25.1 billion in its 2019 fiscal year.
Walmart’s online revenue increased to $39.7 billion in 2020 and further to $64.9 billion the following year. In its 2022 fiscal year, Walmart’s online sales grew to $73.2 billion. In 2023, its most recent fiscal year, the company’s online sales surpassed the $80 billion mark, to $82.1 billion.
→ Click Here to Launch Your Online Business with Shopify
Walmart ecommerce growth
The $39.7 billion Walmart generated in ecommerce sales in 2020 was a 58.2% surge on the previous year’s numbers. Impressive as this was, it was still slower than the following year’s growth. In 2021, Walmart’s ecommerce growth rate hit 63.5%— the biggest annual increase in at least four years.
Market analysts attribute the increases in 2020 and 2021 to the COVID-19 pandemic, which forced consumers to stay home and many brick-and-mortar stores to shut. With not many other options available, most went online for their shopping needs.
Walmart’s online sales growth decelerated to 12.8% and 12.2% in 2022 and 2023, respectively, which were around one-fifth of the previous two years’ growth rates. From 2019 to 2023, Walmart’s annual online sales more than tripled, growing at an average annual growth rate of 36.6%. According to experts, online groceries and Walmart’s curbside pickup service spurred the company’s recent ecommerce growth.
Walmart online sales: breakdown by division
The majority of Walmart’s online revenue in its 2023 fiscal year came from its US division. Walmart US generated $53.4 billion in sales, which represents nearly one-third of Walmart’s total online sales. Meanwhile, Walmart International and Sam’s Club brought in $20.3 billion and $8.4 billion, respectively.