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Alibaba vs Walmart: revenue, profit, margins and growth compared

Alibaba brought in $148.4B of revenue in fiscal 2026, Walmart $713.2B in fiscal 2026. Revenue changed by +8.1% at Alibaba and +4.7% at Walmart on the year before, so Alibaba grew faster. Alibaba kept 10.1% of its revenue as net profit, Walmart 3.1%.

Side by side, latest fiscal year

BABAWMT
Fiscal year endedFY2026 (March 31, 2026)FY2026 (January 31, 2026)
Revenue$148.4B$713.2B
Revenue growth+8.1%+4.7%
Net income$15B$21.9B
Net margin10.1%3.1%
Free cash flown/a$14.9B
Free cash flow marginn/a2.1%
Earnings per share (diluted)$0.80$2.73
Cash$19.1B$10.7B
Debtn/a$38.2B
Price to earningsn/a39.5
Market value$256.1B$859.3B
Dividend yieldn/a0.87%
Rank by revenue in sector#5 of 955 · Consumer discretionary#2 of 955 · Consumer discretionary

Over the years

Revenue
BABA FY2019: $56.2BBABA FY2020: $72BBABA FY2021: $109.5BBABA FY2022: $134.6BBABA FY2023: $126.5BBABA FY2024: $130.4BBABA FY2025: $137.3BBABA FY2026: $148.4BWMT FY2019: $514.4BWMT FY2020: $524BWMT FY2021: $559.2BWMT FY2022: $572.8BWMT FY2023: $611.3BWMT FY2024: $648.1BWMT FY2025: $681BWMT FY2026: $713.2BFY19FY20FY21FY22FY23FY24FY25FY26
BABA $148.4BWMT $713.2B
Net income
BABA FY2019: $13.1BBABA FY2020: $21.1BBABA FY2021: $23BBABA FY2022: $9.8BBABA FY2023: $10.6BBABA FY2024: $11.1BBABA FY2025: $17.9BBABA FY2026: $15BWMT FY2019: $6.7BWMT FY2020: $14.9BWMT FY2021: $13.5BWMT FY2022: $13.7BWMT FY2023: $11.7BWMT FY2024: $15.5BWMT FY2025: $19.4BWMT FY2026: $21.9BFY19FY20FY21FY22FY23FY24FY25FY26
BABA $15BWMT $21.9B
Net margin
BABA FY2019: 23.3%BABA FY2020: 29.3%BABA FY2021: 21.0%BABA FY2022: 7.3%BABA FY2023: 8.4%BABA FY2024: 8.5%BABA FY2025: 13.1%BABA FY2026: 10.1%WMT FY2019: 1.3%WMT FY2020: 2.8%WMT FY2021: 2.4%WMT FY2022: 2.4%WMT FY2023: 1.9%WMT FY2024: 2.4%WMT FY2025: 2.9%WMT FY2026: 3.1%FY19FY20FY21FY22FY23FY24FY25FY26
BABA 10.1%WMT 3.1%
Revenue growth
BABA FY2020: +28.2%BABA FY2021: +52.1%BABA FY2022: +22.9%BABA FY2023: -6.0%BABA FY2024: +3.1%BABA FY2025: +5.3%BABA FY2026: +8.1%WMT FY2020: +1.9%WMT FY2021: +6.7%WMT FY2022: +2.4%WMT FY2023: +6.7%WMT FY2024: +6.0%WMT FY2025: +5.1%WMT FY2026: +4.7%FY20FY21FY22FY23FY24FY25FY26
BABA +8.1%WMT +4.7%
Free cash flow
WMT FY2019: $17.4BWMT FY2020: $14.6BWMT FY2021: $25.8BWMT FY2022: $11.1BWMT FY2023: $12BWMT FY2024: $15.1BWMT FY2025: $12.7BWMT FY2026: $14.9BFY19FY20FY21FY22FY23FY24FY25FY26
BABAWMT $14.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Alibaba and Walmart

Which is bigger by revenue, Alibaba or Walmart?

Walmart is bigger by revenue: $713.2B in fiscal 2026, against $148.4B for Alibaba in fiscal 2026.

Which keeps more of its revenue as profit, Alibaba or Walmart?

Alibaba had a net margin of 10.1% in fiscal 2026; Walmart had 3.1% in fiscal 2026.

Which grew revenue faster, Alibaba or Walmart?

In their latest fiscal years revenue changed by +8.1% at Alibaba and +4.7% at Walmart.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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