Walmart posts strong sales, leaves NYSE for Nasdaq

In one of the biggest listing switches, Walmart announced it is leaving the New York Stock Exchange after more than 50 years and will move to the tech-heavy Nasdaq on December 9.

The move came as Walmart reported strong third-quarter earnings. Revenue rose 5.8% to $179.5 billion, beating expectations, while net profit jumped to $6.1 billion, far above forecasts.

Same-store sales climbed 4.5%, driven by grocery and health-and-wellness products. Ecommerce demand rose 27%, boosting competition with Amazon.

Walmart said it temporarily reduced prices on 7,400 items and reported grocery inflation at just 1.3%, far below the national average. With its momentum, the retailer raised full-year sales guidance again, now projecting 4.8%–5.1% growth.

The news comes as CEO Doug McMillon prepares to retire in January, with US chief John Furner set to take over.

With a market value of about $852 billion, Walmart is the fourth-largest company on the NYSE. It said the move to Nasdaq reflects its push toward technology, automation, and AI.

Nasdaq has been outperforming the NYSE in 2025 listings, boosted by major IPOs such as CoreWeave and Chime.

Other major companies that recently moved to Nasdaq include Shopify, Kimberly-Clark, and Thomson Reuters. It also has Walmart rival Costco as a member.