Walmart debuts on Nasdaq with opening bell ceremony
Walmart Inc. has rung in a new era as it begins trading on the Nasdaq.
After being listed on the New York Stock Exchange for 53 years, the retailer giant has completed the listing transfer of its common stock and bonds to Nasdaq. Walmart said the move follows an evaluation of several factors, including trading execution, brand alignment and a shared focus on technology-driven innovation to support its position as the world’s leading omnichannel retailer.
“Our decision to list on Nasdaq reflects Walmart’s deep commitment to innovation and growth as a people-led, tech-powered omnichannel retailer,” said Doug McMillon, president and CEO of Walmart. “Nasdaq’s focus on technology and its support for companies driving digital transformation align perfectly with our strategic vision. This is an exciting next chapter as we continue building a frictionless future for our customers, members, associates and shareholders.”
Tech giants Apple, Amazon, Microsoft and Meta are among the tech giants listed on the Nasdaq.
The move to the Nasdaq comes as Walmart is preparing for its next leadership chapter. John Furner is set to become CEO on Feb. 1, 2026.
"We are excited for what lies ahead,” McMillon added. “With John Furner as CEO, Walmart will continue to innovate and evolve with a relentless focus on customers, technology, and data-driven decision making.”
Walmart’s started trading in the public markets on Oct. 1, 1972 when it listed on the New York Stock Exchange at $16.50 per share. As the business expanded rapidly in the 1970s through the 1990s, Walmart completed multiple stock splits to broaden its shareholder base and support growing investor demand.
These actions, 12 stock splits in total, the most recent in 2024, reflected the company’s momentum and its commitment to accessible ownership for associates and long-term investors, the company said. Walmart has also increased its annual dividend for more than 40 consecutive years.
“Walmart continues to set new standards in convenience, value, and choice, leveraging technology to make retail simpler and more connected,” said Adena Friedman, chair and CEO of Nasdaq. “We are proud to support Walmart’s next era of growth as they drive innovation at scale and redefine how communities worldwide engage with commerce.”
