Doug McMillon, CEO of Walmart (WMT), earned $15.0M in total compensation in 2026. Walmart receives a Pay-for-Performance grade of C (61/100), with a CEO-to-worker pay ratio of 469:1 and a say-on-pay shareholder approval of 96.3%. The company's 3-year total shareholder return is +7.2%.
How Walmart CEO Pay Compares
Doug McMillon's $15.0M total compensation is 25% above the Retail industry median of $12.0M. The 469:1 CEO-to-worker pay ratio is 36% higher than the industry average of 344:1. Shareholders broadly support this compensation, with 96.3% approval.
Total comp for Doug McMillon as CEO of Walmart (WMT) was $15.0M. Equity awards dominate the package — $7.5M in stock plus $1.8M in options — with base salary of $1.5M a small share of the total.
The CEO-to-worker pay ratio at Walmart is 469x — Doug McMillon's pay is over 300 times the median worker pay of $32,000. Ratios at this magnitude reflect either very high CEO compensation, a low-wage workforce mix, or both. Three-year performance has been roughly flat — TSR of 7.2% alongside 4.9% revenue growth. Flat performance over a multi-year window is where pay-versus-performance debates get the most heated: large compensation packages without commensurate shareholder returns are the modal complaint at annual meetings.
Shareholders ratified the compensation package overwhelmingly: 96% of votes cast supported the company's pay practices at the most recent annual meeting. Say-on-pay support above 95% is typical for well-aligned compensation programs without obvious controversy. Walmart operates in Retail with 2,100,000 employees and $648.1B in annual revenue, and currently carries a market capitalization of $620.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Walmart (WMT).
Compensation Breakdown
Doug McMillon's $15.0M total compensation package for fiscal year 2026 includes $1.5M in base salary, $7.5M in stock awards, $1.8M in option awards, and $2.3M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2026 | $1.5M | - | $7.5M | $1.8M | $2.3M | $1.6M | $15.0M |
| 2025 | $1.5M | - | $7.5M | $1.8M | $2.3M | $1.6M | $15.0M |
| 2024 | $1.5M | - | $7.5M | $1.8M | $2.3M | $1.6M | $15.0M |
| 2023 | $1.5M | - | $7.5M | $1.8M | $2.3M | $1.6M | $15.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
Doug McMillon, CEO of Walmart (WMT), earns $15.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Doug McMillon, CEO of Walmart (WMT), earns $15.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Walmart has a Pay-for-Performance Score of C (61/100). The company's 3-year total shareholder return is +7.2%, and the say-on-pay shareholder vote passed with 96.3% approval.
The CEO-to-median-worker pay ratio at Walmart is 469:1. The median worker at Walmart earns $32K per year, while CEO Doug McMillon earns $15.0M in total compensation.
Walmart employs approximately 2,100,000 people. The company operates in the Retail industry within the Consumer Staples sector, generating $648.1B in annual revenue.