Walmart’s strategy of diversifying beyond traditional retail continues to pay dividends. On 3 September 2025, the retailer reported second-quarter revenue of US$177.4 billion, a 4.8% year-on-year rise, alongside a net profit of US$7.2 billion, up 51.6%. Much of the growth has come from “side revenues” including advertising, logistics services, membership fees, and marketplace commissions.
The company is also experimenting with artificial intelligence, with CEO Doug McMillon teasing the development of AI “agents,” including a customer-facing assistant dubbed Sparky. Although not yet a major contributor to revenue, Walmart views AI as a long-term growth driver.
In a further boost, Goldman Sachs added Walmart to its “Conviction List” of stock picks, citing the retailer’s resilience in a weak economy. Analysts set a 12-month price target of US$114, highlighting strong returns for investors.