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Walmart Inc.WMT

Latest proxy: 2026 · view on SEC ↗ · CIK 0000104169

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CEO total pay

$29,240,930

Doug McMillon · 2026

Say on pay

Not disclosed

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CEO pay ratio

Item 402(u)

958 to 1

Median employee: $30,520

Compensation committee

Committee Report

Compensation Committee

Per the latest proxy

Filings indexed: 2 · 2026 · 2025

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

Executive	Role	TotalYoY	Pay mix	Salary	Stock	Cash incentive	Other
Doug McMillon2026 compensation	President and CEO	$29,240,930↑ 7%	93% at-risk	$1,500,000	$21,051,605	$4,032,000	$442,047
John Furner2026 compensation	EVP, President and CEO	$27,343,149↑ 68%	93% at-risk	$1,313,000	$22,259,543	$2,769,390	$481,188
John David Rainey2026 compensation	EVP and CFO	$15,455,188↑ 14%	92% at-risk	$1,030,000	$12,065,930	$2,076,480	$282,778
Daniel Danker2026 compensation	EVP, AI Acceleration	$44,092,488	99% at-risk	$435,712	$37,701,005	$876,270	$79,501
Suresh Kumar2026 compensation	EVP, Global Chief Technology	$16,727,128	93% at-risk	$1,135,000	$13,162,888	$2,288,160	$113,295

Pay mix: base cash incentive equity other

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CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

In this section, we describe our executive compensation philosophy and program that support our strategic objectives and serve the long-term interests of our shareholders. We also discuss how our CEO, CFO, and other Named Executive Officers (our NEOs) were compensated in fiscal 2026 and describe how their compensation fits within our executive compensation philosophy. For fiscal 2026, our NEOs were: Doug McMillon*President and Chief Executive Officer John Furner*Executive Vice President, President andCEO, Walmart U.S. John David RaineyExecutive Vice President and Chief Financial Officer Daniel DankerExecutive Vice President, AI Acceleration, Product and Design Suresh KumarExecutive Vice President, Global Chief Technology Officer and Chief Development Officer * Mr. McMillon retired as President and CEO effective January 31, 2026, and Mr. Furner was appointed President and CEO effective February 1, 2026. 2026 Proxy Statement 55 1 Fiscal 2026 Compensation and Performance Overview Executive Compensation We have designed our executive compensation program—metrics, goals, structure, pay mix, etc.—to be aligned with our strategy while also being highly motivational for our leadership team…

Read the full CD&A on SEC.gov ↗

Peer comparison

Who they benchmark against

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Governance

Policy guardrails

hedging
No hedging or short sales of Walmart stock permitted
“No hedging or short sales of Walmart stock permitted”
pledging
No unapproved pledging of Walmart stock as collateral
“No unapproved pledging of Walmart stock as collateral”
clawback
present
“clawback policy”
stock ownership guidelines
present
“stock ownership guidelines”
change in control
No single-trigger equity acceleration upon change in control
“No single-trigger equity acceleration upon change in control”
compensation consultant
independent
“independent compensation consultant”
compensation committee
Compensation Committee
“Compensation Committee Report”

Performance markers

Metric facts

revenue
—
“NEOs’ performance-based pay for fiscal 2026 continued to be based on achieving objective, pre-established financial goals for the following metrics*: * For purposes of our incentive programs, total company sales, operati…”
operating income
$150 billion
“Highlights · Continued to make strategic investments in our people and technology, and are realizing benefits from supply chain automation investments through improved productivity and lower cost to serve.· Continued to …”
annual incentive payout
5.1%
“Given the importance of sales growth to our strategy, we include sales as a component of both our annual cash incentive plan and our long-term performance equity program.Fiscal 2026 Highlights”
performance equity mix
150%
“Our NEOs annually receive performance-based RSUs with a one-year performance period followed by a two-year vesting period (see illustrations below).”
ceo pay ratio
958 to 1
“table on page 82 and identified the median compensated associate from this group. Based upon the estimates, assumptions, and methodology described above, the fiscal 2026 annual total compensation of our CEO was $29,240,9…”
median employee compensation
$30,520
“CEO’s fiscal 2026 total compensation as set forth in the Summary Compensation table on page 82 and identified the median compensated associate from this group. Based upon the estimates, assumptions, and methodology descr…”

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