On the Record · Walmart
Walmart acquisitions, on the record
The businesses Walmart bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
AsdaWord for word“In February 2021, the Company completed the divestiture of Asda, the Company's retail operations in the U.K., for net consideration of $ 9.6 billion.” 10-K for 2023 | divestiture | February 2021 | $ 9.6 billion |
SeiyuWord for word“In March 2021, the Company completed the divestiture of Seiyu, the Company's retail operations in Japan, for net consideration of $ 1.2 billion.” 10-K for 2023 | divestiture | March 2021 | $ 1.2 billion |
Alert InnovationWord for word“Additionally, the Company completed a $0.4 billion acquisition of Alert Innovation, which was previously consolidated as a variable interest entity and resulted in the Company becoming a 100% owner.” 10-K for 2023 | acquisition | — | — |
VIZIO Holding Corp.Word for word“In December 2024, the Walmart U.S. segment completed the acquisition of VIZIO Holding Corp. for net cash consideration of $1.9 billion.” 10-K for 2025 | acquisition | December 2024 | $1.9 billion |
MassmartWord for word“In November 2022, we completed the buyout of the noncontrolling interest shareholders of our Massmart subsidiary (Refer to Note 3 ) and in December 2022, we exited operations in certain countries in Africa.” 10-K for 2025 | acquisition | November 2022 | — |
Alert InnovationWord for word“The Alert Innovation entity was subsequently sold and deconsolidated in fiscal 2025.” 10-K for 2025 | divestiture | fiscal 2025 | — |
FlipkartWord for word“In 2018, we expanded our eCommerce and digital presence through acquisitions with our majority stakes in Flipkart and PhonePe in India.” 10-K for 2026 | acquisition | 2018 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2017-01-31 | $2.46 billion | $662 million | $1.77 billion |
| 2018-01-31 | $375 million | $1.05 billion | $209 million |
| 2019-01-31 | $14.66 billion | $876 million | $13.68 billion |
| 2020-01-31 | $56 million | $833 million | $41 million |
| 2021-01-31 | $180 million | $56 million | $111 million |
| 2022-01-31 | $359 million | $7.93 billion | $446 million |
| 2023-01-31 | $740 million | $0 | $635 million |
| 2024-01-31 | $9 million | $135 million | $7 million |
| 2025-01-31 | $1.9 billion | — | $1.38 billion |
| 2026-01-31 | $53 million | — | $9 million |
Deal filings since 2016
Read from Walmart’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.