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Walmart Executive Compensation (FY26)

WMT · Executive and director compensation, fiscal 2022 to 2026
Chief executive, fiscal 2026
◇
Doug McMillon
Latest say-on-pay support
=
June 4, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 18, 2026Latest filing (8-K): June 5, 2026
8 filings cited on this page
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305 figures on this page: 301 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Doug McMillon: $27,408,854 → $29,240,930 (6.7% higher)
CEO pay ratio: 930:1 → 958:1 (3.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Walmart's chief executive and what were they paid?
Doug McMillon was paid $29,240,930 in total compensation as President and CEO for fiscal 2026. McMillon's total was 6.7% higher than the $27,408,854 reported for fiscal 2025.
What was Walmart's say-on-pay result?
Shareholders supported the say-on-pay proposal with 95.9% of votes cast including abstentions in favor at the meeting held June 4, 2026 for fiscal 2026.
Which companies are in Walmart's peer group?
The disclosed peer group includes Albertsons Companies Inc., Alphabet Inc., Amazon.com, Inc., American Express Company and Apple Inc., among others.
What is Walmart's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2026 is 958:1, against median employee compensation of $30,520.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Doug McMillon
President and Chief Executive Officer
◇—◇—◇◇◇◇
Suresh Kumar
Global Chief Technology and Development Officer
◇—◇—◇◇◇◇
John Furner
President and CEO, Walmart U.S.
◇—◇—◇◇◇◇
Kath McLay
President and CEO, Walmart International
◇—◇—◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Doug McMillon
President and Chief Executive Officer
◇—◇—◇◇◇◇
Suresh Kumar
Global Chief Technology and Development Officer
◇—◇—◇◇◇◇
John Furner
President and CEO, Walmart U.S.
◇—◇—◇◇◇◇
Kath McLay
President and CEO, Walmart International
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Doug McMillon
President & CEO
◇—◇—◇◇◇◇
John Furner
President & CEO, Walmart U.S.
◇—◇—◇◇◇◇
Suresh Kumar
Global Chief Technology and Development Officer
◇—◇—◇◇◇◇
Kath McLay
President and CEO, Walmart International
◇—◇—◇◇◇◇
John David Rainey
EVP & CFO
◇—◇—◇—◇◇
Chris Nicholas
President and CEO, Sam's Club U.S.
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Doug McMillon
President and Chief Executive Officer
◇—◇—◇◇◇◇
John Furner
President and CEO, Walmart U.S.
◇—◇—◇◇◇◇
Suresh Kumar
Global Chief Technology and Development Officer
◇—◇—◇◇◇◇
Kath McLay
President and CEO, Walmart International
◇—◇—◇◇◇◇
John David Rainey
Chief Financial Officer
◇—◇—◇—◇◇
Chris Nicholas
President and CEO, Sam's Club U.S.
◇—◇—◇◇◇◇
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Danker
EVP, AI Acceleration, Product and Design
◇◇◇—◇—◇◇
Doug McMillon
President and CEO
◇—◇—◇◇◇◇
John Furner
EVP, President and CEO, Walmart U.S.
◇—◇—◇◇◇◇
Suresh Kumar
EVP, Global Chief Technology and Development Officer
◇—◇—◇◇◇◇
John Rainey
EVP and CFO
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Daniel DankerPSU◇◇◇—◇—◇
Daniel DankerRSU◇——◇——◇
Daniel DankerRSU◇——◇——◇
Daniel DankerPSU◇◇◇—◇—◇
Doug McMillonRSU◇——◇——◇
Doug McMillonPSU◇◇◇—◇—◇
John FurnerPSU◇◇◇—◇—◇
John FurnerRSU◇——◇——◇
John RaineyPSU◇◇◇—◇—◇
John RaineyRSU◇——◇——◇
Suresh KumarPSU◇◇◇—◇—◇
Suresh KumarRSU◇——◇——◇
Fiscal 2024, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Suresh KumarPSU◇◇——
RSU◇◇——
Doug McMillonRSU◇◇——
John FurnerRSU◇◇——
PSU◇◇——
John RaineyRSU◇◇——
PSU◇◇——
Daniel DankerRSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Daniel Danker
EVP, AI Acceleration, Product and Design · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Non-compete period◇
Doug McMillon
President and CEO · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Non-compete period◇
John Rainey
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Suresh Kumar
EVP, Global Chief Technology and Development Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory B. Penner
◇◇————◇
Randall L. Stephenson
Lead independent director
◇◇———◇◇
Tim Flynn
◇◇———◇◇
Thomas W. Horton
◇◇———◇◇
Sarah J. Friar
◇◇————◇
Steuart L. Walton
◇◇————◇
Carla A. Harris
◇◇————◇
Robert E. Moritz Jr
◇◇———◇◇
Brian Niccol
◇◇————◇
Cesar Conde
◇◇————◇
Marissa A. Mayer
◇◇————◇
Shishir Mehrotra
—◇————◇
John R. Furner and Doug McMillon served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Board meeting fee◇
Stock ownership guideline: 5x annual retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
  • Albertsons Companies Inc. ACI
  • Alphabet Inc. GOOGL
  • Amazon.com, Inc. AMZN
  • American Express Company AXP
  • Apple Inc. AAPL
  • Comcast Corporation CMCSA
  • Costco Wholesale Corporation COST
  • CVS Health Corp CVS
  • JPMorgan Chase & Co. JPM
  • McDonalds Corporation MCD
  • McKesson Corporation MCK
  • Meta Platforms, Inc. META
  • Microsoft Corporation MSFT
  • Nike, Inc. NKE
  • PepsiCo, Inc. PEP
  • T-Mobile US, Inc. TMUS
  • Target Corporation TGT
  • The Home Depot Inc. HD
  • The Kroger Co. KR
  • The Procter & Gamble Co. PG
  • United Parcel Service, Inc. UPS
  • Verizon Communications Inc. VZ
  • Walgreens Boots Alliance, Inc. WBA
  • Walt Disney Company DIS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2026June 4, 2026=◇◇◇
2025June 5, 2025=◇◇◇
2024June 5, 2024=◇◇◇
2023May 31, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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What this page does not include

Everything above is a fact Walmart disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Walmart sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
305 figures on this page: 301 cited to the filing that reported them, 4 calculated from figures it prints.
301 cited to the filing
4 calculated from the filing

Documents cited

  1. 0000104169-26-000111
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-173673
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Director Compensation for Fiscal 2026 · and 3 more sections
  3. 0000104169-25-000092
  4. 0000104169-25-000055
    Summary Compensation
  5. 0000104169-24-000103
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000104169-24-000078
    Summary Compensation
  7. 0000104169-23-000054
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000104169-23-000034
    Named Executive Officer Compensation · Summary Compensation · Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Walmart executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/WMT (accessed 2026).
Short form: data: Velarion

The Walmart brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
8 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Walmart discloses

The companies named in WMT's own disclosed peer group.

Albertsons Companies Inc.Alphabet Inc.Amazon.com, Inc.American Express CompanyApple Inc.Comcast CorporationCostco Wholesale CorporationCVS Health CorpJPMorgan Chase & Co.McDonalds CorporationMcKesson CorporationMeta Platforms, Inc.Microsoft CorporationNike, Inc.PepsiCo, Inc.T-Mobile US, Inc.Target CorporationThe Home Depot Inc.The Kroger Co.The Procter & Gamble Co.United Parcel Service, Inc.Verizon Communications Inc.Walgreens Boots Alliance, Inc.Walt Disney Company

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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