Honestly, if you're looking at the WMT stock price per share today and only seeing a retail giant that sells bulk toilet paper and rotisserie chickens, you're missing the forest for the trees. As of January 14, 2026, Walmart closed at $120.04. It’s been a wild ride lately. Just yesterday, it hit an all-time high of $120.36.
Think about that.
For a company that’s been around since Sam Walton was driving a pickup truck around Bentonville, hitting record highs in 2026 is kind of insane. But here’s the thing: Walmart isn't really a "store" anymore. It’s a tech company with a massive delivery network that happens to have stores. If you’ve been tracking the ticker, you know the volatility hasn't been about whether people are buying milk. It's about whether they're buying into the "New Walmart."
The WMT Stock Price Per Share (And Why It Just Broke Records)
The market cap is knocking on the door of $1 trillion. Specifically, we're looking at roughly $956.7 billion. To put that in perspective, the 52-week low was down around $79.85. If you bought in then, you're feeling pretty smug right now.
Why the sudden surge to $120?
It's the "triple threat" of earnings. In the last Q3 report (released November 2025), revenue hit $179.5 billion. That was up nearly 6% year-over-year. But the real kicker—the thing that actually moves the WMT stock price per share—was the e-commerce growth. Online sales jumped 27% globally.
People used to joke that Walmart was "Amazon-lite." Nobody is laughing now. Their "store-fulfilled" delivery is basically a cheat code. Instead of building massive new warehouses, they just use the 10,000+ stores they already have. It’s faster, cheaper, and it’s why they’re gaining market share with high-income households. Yeah, even the folks making $150k+ are addicted to Walmart+ now.
✨ Don't miss: Online Associate's Degree in Business: What Most People Get Wrong
The Dividend King Factor
You can't talk about Walmart without mentioning the dividend. They just raised it by 13% for the 2026 fiscal year. That brings the annual payout to $0.94 per share.
- It marks the 52nd consecutive year of increases.
- It's the largest hike we've seen in a decade.
- It signals that the board is incredibly confident in their cash flow.
If you’re a "buy and hold" person, that $0.94 is a warm blanket. It might not look like much compared to a tech stock’s 50% swings, but for a bedrock portfolio piece, it's gold.
What Most People Get Wrong About the 3-for-1 Split
Remember back in February 2024? Walmart did a 3-for-1 stock split. At the time, the WMT stock price per share was hovering around $175 (pre-split). After the split, it reset to the $50s.
Some casual investors thought the stock "crashed." Obviously, it didn't.
Doug McMillon, the outgoing CEO, was pretty vocal about why they did it. He wanted associates—the people actually wearing the blue vests—to be able to afford whole shares. It was a psychological move as much as a financial one. Fast forward to today, and we've seen that price climb from the $50s all the way back up to the $120 mark.
That’s a doubling of value in less than two years.
🔗 Read more: Wegmans Meat Seafood Theft: Why Ribeyes and Lobster Are Disappearing
The "New" Revenue Streams You Aren't Tracking
If you’re only looking at the WMT stock price per share through the lens of grocery sales, you're ignoring the high-margin stuff.
Walmart Connect. That’s their advertising business. It grew 33% in the U.S. recently. When you search for "best blender" on Walmart.com and see a "Sponsored" result, that's pure profit for the company. They don't have to stock a shelf or ship a box to make that money.
Then there's the VIZIO acquisition. By owning the TV operating system, Walmart is turning your living room into a checkout counter. It’s a data play. They know what you watch, what you buy, and when you’re likely to run out of detergent.
Why January 2026 is a Turning Point
This month, Walmart is officially joining the Nasdaq-100 Index.
They’re replacing AstraZeneca. This is huge. It forces a ton of index funds and institutional investors to buy the stock. When you have that kind of "forced" buying pressure, it provides a floor for the WMT stock price per share. It also cements their status as a "tech-powered" enterprise rather than just a legacy retailer.
The Risks: What Could Trip Them Up?
It's not all sunshine and rainbows. Honestly, there are a few things that keep analysts up at night:
💡 You might also like: Modern Office Furniture Design: What Most People Get Wrong About Productivity
- The CEO Transition: Doug McMillon is handing the reins to John Furner. Doug was a legend. Transitions are always a bit shaky.
- International Volatility: While Mexico and India (Flipkart) are crushing it, global trade tensions are a constant headache.
- The P/E Ratio: At a 42.1 P/E, Walmart is trading more like a tech stock than a grocer. If growth slows down even a little, that valuation could get slashed.
You’ve got to ask yourself: Are you paying for the Walmart of yesterday, or the "AI-driven" Walmart of tomorrow?
Actionable Insights for Investors
If you're looking to play the WMT stock price per share right now, don't just FOMO (Fear Of Missing Out) in at the all-time high.
Watch the Q4 Earnings. They usually drop in February. Given the record-breaking holiday season we just saw, expectations are sky-high. If they beat, we could see $130. If they just "meet" expectations, the stock might pull back as traders take profits.
Check the Dividend Dates. If you want that $0.94, keep an eye on the record dates. They usually pay out in four installments (April, June, September, and January).
The Nasdaq-100 Bump. Keep an eye on the volume during the last week of January. The index rebalancing usually creates some price action that has nothing to do with the company's fundamentals and everything to do with fund managers' spreadsheets.
Basically, Walmart has successfully pivoted. They aren't just defending against Amazon; they're actually beating them in some of the most important metrics, like grocery delivery and physical-digital integration. Whether the WMT stock price per share is "expensive" at $120 depends entirely on whether you believe they can keep that 20%+ e-commerce growth alive for another few years.
To stay ahead, keep an eye on the Walmart Connect growth percentages in the next filing. That's the real engine under the hood. If the ad business stays hot, the stock usually follows.
Monitor the next earnings release scheduled for mid-February 2026 to see if the holiday "omnichannel" push lived up to the hype. If the e-commerce penetration hits a new high, the $120 level might just be the new floor.