did walmart stock recently split? (2024)

Short answer: Yes — Walmart announced a 3-for-1 stock split on Jan 30, 2024. This article summarizes the key dates, mechanics (record date Feb 22, distribution Feb 23, first post-split trading Feb ...

2026-01-14 00:24:00

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Walmart stock split (2024)

Short answer: did walmart stock recently split? Yes — Walmart Inc. announced a 3-for-1 stock split on January 30, 2024. This article explains the timeline, mechanics, rationale, accounting adjustments, stakeholder impact, and subsequent market commentary, with primary citations to the company's press release and 8-K filing and coverage from major outlets.

As of Jan 30, 2024, according to Walmart's corporate press release and related regulatory filings, Walmart Inc. (NYSE: WMT) announced a 3-for-1 stock split. The announcement, filed in an 8-K and summarized by major outlets, set a record date of Feb 22, 2024, a distribution after market close on Feb 23, 2024, and a first post-split trading day of Feb 26, 2024. The announced split increases the number of outstanding common shares from about 2.7 billion to about 8.1 billion while leaving the company's market capitalization unchanged in the absence of price movement. For readers asking "did walmart stock recently split", this page provides an in-depth, source-anchored explainer.

Background

Company overview

Walmart Inc. is a large-cap U.S. multinational retail corporation traded on the New York Stock Exchange under the ticker WMT. The company operates grocery, general merchandise, and e-commerce businesses and is one of the world’s largest employers and retailers. Given Walmart’s scale, corporate actions affecting its shares draw attention from retail investors, employees enrolled in equity plans, and institutional holders.

History of Walmart stock splits

Before 2024, Walmart’s last stock split occurred decades earlier; the company has used splits historically to maintain tradable share price levels as the business grew. The 2024 3-for-1 split marked Walmart’s first split in many years and placed the new share count and price level in modern context for both employee ownership programs and retail liquidity.

Announcement (Jan 30, 2024)

On January 30, 2024, Walmart’s board of directors approved a three-for-one split of its common stock. The company issued a press release and filed a Form 8-K with the Securities and Exchange Commission that set out the split ratio, key dates, and the company’s stated objectives. Major business outlets reported the action the same day, describing the split as a board-approved corporate action intended to increase the accessibility of Walmart shares for associates and potentially improve market liquidity.

Source note: Walmart press release (Jan 30, 2024); Walmart Form 8-K press release filing (Jan 31, 2024); Reuters coverage (Jan 30, 2024); CNBC summary (Jan 30, 2024).

Managers were quoted explaining the rationale: the split would lower the per-share price and support associate participation in the company’s Associate Stock Purchase Plan (ASPP), with the company emphasizing that the split did not change fundamental economic ownership for shareholders.

If you are specifically asking "did walmart stock recently split", the immediate answer is in the affirmative based on the Jan 30 statements and filings.

Terms and timeline

This section lays out the mechanics you need to know if you held shares, held options, or follow trading in Walmart stock.

Key dates and mechanics

Announcement date: January 30, 2024 (board approval and press release).
Record date: February 22, 2024 — shareholders of record on this date were eligible to receive the split distribution.
Distribution/Payable date: After the market close on February 23, 2024 — two additional shares were to be delivered for each share held as of the record date.
First post-split trading day: February 26, 2024 — Walmart common shares began trading on a split-adjusted basis.

The distribution mechanics were straightforward: for each share of common stock held as of the record date, shareholders received two additional shares, converting one pre-split share into three post-split shares. The company indicated that brokers and transfer agents would handle the distribution and fractional-share procedures according to standard practice.

Share-count and capitalization impact

Walmart projected the number of outstanding common shares to increase from approximately 2.7 billion to approximately 8.1 billion as a result of the 3-for-1 split. Importantly, absent any market-driven price change, the company’s total market capitalization would remain the same immediately before and after the split because the per-share price adjusts proportionally to the new share count.

Rationale and objectives

Management rationale

Walmart cited two primary, company-focused reasons for the split:

Improve accessibility of share ownership for associates, especially through the company’s Associate Stock Purchase Plan; and
Potentially improve stock liquidity and narrower trading spreads by reducing the nominal per-share price.

The company’s statements emphasized employee participation and accessibility as a central goal, noting that a lower price per share can make direct purchase plans and some equity program mechanics more attractive or usable to employees.

General reasons companies split shares

Stock splits are commonly used for:

Making shares more affordable at the nominal per-share level for retail investors and employees;
Increasing the number of outstanding shares to improve trading liquidity and reduce bid-ask spreads;
Signaling management confidence in the business or a desire to broaden investor participation.

However, it is essential to note that splits do not change a company’s underlying business fundamentals, revenue, or intrinsic enterprise value. They change share counts and per-share metrics but not aggregate shareholder equity.

Accounting and corporate effects

Per-share metrics and adjustments

After a stock split, typical per-share metrics are adjusted proportionally. For a 3-for-1 split:

Earnings per share (EPS) will be adjusted down by the split factor (historical EPS figures reported on a per-share basis are restated on a post-split basis for comparability).
Dividends per share, if declared at the same total dollar amount, would be adjusted per share similarly (the aggregate dividend pool remains determined by the board).
Stock awards, option exercise prices, convertible securities, and warrant terms are adjusted proportionally so that the economic value is preserved for holders.

Walmart’s 8-K disclosed that equity awards, performance units, and vested/unvested stock-based compensation would be adjusted to reflect the new share ratio and to preserve holders’ economic rights.

Authorized shares and charter amendments

The company indicated it would seek to amend its certificate of incorporation or otherwise take the appropriate corporate steps to ensure sufficient authorized shares to cover the increased outstanding share count and to continue issuing shares under equity plans. Such actions typically require board approval and, in some jurisdictions or under some charters, shareholder approval for large charter amendments; Walmart’s filings described the administrative steps and adjustments to various equity plan limits.

Market and analyst reaction

Immediate market response

Following the Jan 30, 2024 announcement, media reports recorded modest intraday share price moves and elevated trading volume as investors digested the news. Some outlets reported modest gains in after-hours trading tied to the board announcement, while trading volumes spiked as retail coverage and commentaries circulated. Coverage noted that splits often generate short-term interest from retail investors and can change order-book dynamics around the first post-split trading day.

Analyst commentary and context

Analysts and market commentators generally framed the split as a non-fundamental corporate action that can nevertheless affect liquidity and investor perception. Media summaries emphasized that stock splits can be a positive for retail access and may be viewed as a signal that management expects sustained business performance, but they cautioned that splits do not on their own change company cash flows or enterprise value.

Sources of commentary included major broadcasters and financial news wires that covered the board’s announcement and provided context on historical split effects for large-cap companies.

Impact on stakeholders

Employees and Associate Stock Purchase Plan (ASPP)

One stated purpose of the split was to improve accessibility for Walmart associates participating in the Associate Stock Purchase Plan. A lower per-share price can make automatic payroll-based purchases and employee-directed purchases easier for participants at fixed contribution levels. The company explicitly noted employee ownership participation as a key driver of its decision.

Investors and liquidity

Retail investors may find the lower post-split share price more approachable for small-dollar purchases. For institutional holders, the split does not change percentage ownership. Market liquidity can improve when more tradable share lots are available at a lower per-share price; however, evidence of sustained liquidity change varies by company and market conditions.

If your question centers on "did walmart stock recently split" because you are an investor considering trading or a worker who participates in equity plans, you should expect your broker or plan administrator to reflect the split via adjusted holdings or additional shares according to the record and distribution dates.

Option holders and equity compensation

Options, restricted stock units (RSUs), performance units, and other equity instruments were adjusted on a proportionate basis so that the holder’s contractual economic exposure was maintained after the split. Typically, this means option share quantities are multiplied by the split factor and exercise prices divided by the split factor (for a 3-for-1 split, x3 shares, ÷3 exercise price), preserving aggregate economic value.

Walmart’s 8-K described these adjustments and noted that plan documents and award agreements would be updated or interpreted to reflect the split.

Subsequent developments and related events

Post-split trading and performance

After the first post-split trading day (Feb 26, 2024), market commentators tracked short-term price behavior and trading volumes. Analysts and coverage provided follow-up reports on whether retail interest remained elevated and whether spreads tightened as anticipated. For up-to-date price and volume data, consult equity market data feeds or brokerage platforms; the company’s investor relations and public market data services provide historical adjusted price series that account for the split.

Broader corporate measures

Around the time of the split, Walmart also discussed corporate compensation and employee ownership strategies designed to boost associate participation. These items were presented in the broader context of Walmart’s long-term talent and retention policies and were covered in parallel by business news outlets.

Frequently asked questions (FAQ)

Q: did walmart stock recently split and how many new shares will exist after the split?
A: Yes. The board approved a 3-for-1 split. Outstanding shares were projected to rise from about 2.7 billion to about 8.1 billion post-split.

Q: did walmart stock recently split and will my total holding value change?
A: The split does not change your proportional ownership or aggregate market value immediately; the per-share price adjusts so the total market capitalization remains the same absent market price movement.

Q: did walmart stock recently split and what should employees expect?
A: Employees participating in Walmart’s Associate Stock Purchase Plan should see their holdings adjusted according to the split ratio; a lower nominal per-share price can make plan participation simpler or more accessible at a given payroll contribution level.

Q: did walmart stock recently split and how were options adjusted?
A: Options and other equity awards were adjusted proportionally—holders received the split-equivalent share increase and exercise prices were adjusted downward proportionally to preserve economic value.

Q: did walmart stock recently split and where can I find official documentation?
A: The primary documents are Walmart’s press release dated Jan 30, 2024, and the company’s Form 8-K filed with the SEC (press release attached) dated Jan 31, 2024. Major outlets and market data providers also summarized the terms on Jan 30–31, 2024.

How this affects trading and where to act (Bitget)

If you are monitoring corporate actions or planning to trade around corporate-events, note the adjusted share counts and the first post-split trading day when placing orders. For U.S. and international traders looking for a trading venue, Bitget provides spot and derivatives services and secure custody options. If you use an exchange or wallet, ensure your platform properly reflects the split, and consult Bitget Wallet and Bitget support for details about how corporate actions are handled on the platform.

Note: This article is informational and not investment advice. It summarizes corporate disclosures and media coverage.

References

Walmart Announces 3-for-1 Stock Split — Walmart corporate press release (Jan 30, 2024).
Walmart Form 8-K / SEC filing (press release attached) — filed Jan 31, 2024.
Reuters: "Walmart announces 3-for-1 stock split" — Jan 30, 2024.
CNBC: "Walmart announces a three-for-one stock split..." — Jan 30, 2024.
Morningstar: "What Does Walmart's 3-for-1 Stock Split Mean?" — Feb 12, 2024.
Nasdaq / RTTNews summary: "Walmart announces three-for-one stock split" — Jan 31, 2024.
Grocery Dive: "Walmart announces 3-for-1 stock split" — Jan 31, 2024.

Reporting date references above reflect the dates of the corporate press release and media coverage cited.

External links

Walmart investor relations — press releases and SEC filings (searchable on company IR site).
SEC EDGAR — Form 8-K filings (search for Walmart Inc.).

Notes on sources and data

The statements of dates, ratio (3-for-1), record date (Feb 22, 2024), distribution timing (after market close Feb 23, 2024), and first post-split trading day (Feb 26, 2024) are drawn from Walmart’s Jan 30, 2024 press release and the attached 8-K filed Jan 31, 2024.
The projected outstanding share increase (~2.7 billion to ~8.1 billion) was provided in the company’s public announcements and was repeatedly cited in media coverage on Jan 30–31, 2024.
Market reaction summaries and analyst commentary are drawn from Reuters, CNBC, Morningstar, Nasdaq/RTTNews, and Grocery Dive coverage dated Jan 30–Feb 12, 2024.