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Walmart vs Target: who makes more money?

Walmart is bigger: $713 billion in revenue against $105 billion for Target, about 6.8 times as much. But Target keeps more of each sale: $3.54 of every $100 versus $3.07. Across 5 rounds from their latest annual reports, Walmart wins 4.

From each company's latest Form 10-K: Walmart (year ended January 31, 2026) and Target (year ended January 31, 2026). Page updated November 8, 2026.

4Walmart
–
1Target

Revenue Money coming in

WalmartWins
$713 billion
Target
$105 billion

Net profit After every cost and tax

WalmartWins
$21.9 billion
Target
$3.7 billion

Kept per $100 of sales Profit margin

Walmart
$3.07
TargetWins
$3.54

Employees As each 10-K states it

WalmartMore
2,100,000
Target
415,000

Revenue per employee Revenue ÷ employees

WalmartWins
$339,601
Target
$252,482

Growth over 5 years Revenue, first to latest year shown

WalmartWins
+28%
Target
+12%

How each one makes its money.

Walmart

Walmart sells groceries and general goods at low margins in huge volume, through Walmart U.S., Sam's Club and stores abroad.

Walmart U.S.$486B68% of total
Walmart International$132B19% of total
Sam's Club$95.5B13% of total
How Walmart makes money
Target

Target sells food, household goods, clothes, home and beauty products in its stores and online.

Food and drinks$24.1B23% of total
Household essentials$18.0B17% of total
Hardlines$15.8B15% of total
Clothes and accessories$15.7B15% of total
Home$15.6B15% of total
How Target makes money

Quick answers.

Who makes more money, Walmart or Target?

Walmart: $713 billion in revenue against $105 billion.

Which is more profitable, Walmart or Target?

Target keeps more of each dollar ($3.54 of every $100). In total profit, Walmart made more: $21.9 billion.

Which has more employees, Walmart or Target?

Walmart, with about 2,100,000 against 415,000.

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Sources: Walmart Inc. Form 10-K and Target Corporation Form 10-K on SEC EDGAR. Fiscal years can end in different months, so each side uses its own latest year. Profit means net income.