How to Buy Walmart Shares in Australia [2025]

Key Takeaways

• Australians can buy Walmart (WMT) shares using US-accessible trading platforms like moomoo.
• Walmart offers strong fundamentals, steady dividends, and global retail leadership with growing eCommerce and advertising revenues.
• The stock is trading around USD 103.44 with a 12% upside potential per analyst consensus.
• Walmart’s Q2 FY2026 showed 54.1% net profit growth and 25% eCommerce sales increase.
• Dividend yield stands at 0.90%, backed by a solid payout history.
• Included in major ETFs like SPY and XLP, and competes with COST, TGT, and AMZN.

Walmart (WMT) is a global retail and wholesale giant operating through its core segments: Walmart U.S., Walmart International, and Sam's Club, offering a wide range of products at everyday low prices. Founded in 1962 and headquartered in Arkansas, it is one of the world’s largest companies by revenue, known for vast physical store presence and a growing e-commerce business.

How to buy Walmart stock in Australia?

If you're living in Australia and looking to invest in major US companies like Walmart (WMT), it's easier than ever thanks to modern share trading platforms. Here's how you can quickly get started and potentially benefit from Walmart’s strong performance and diversified revenue streams across retail, eCommerce, and memberships.

Step 1: Pick the best share trading app for US markets

To buy Walmart stock from Australia, you'll need to use an online trading app that offers access to US markets. moomoo is a popular choice among Australian investors due to its commission-free US stock trading, real-time data, and user-friendly interface. This platform is particularly suited for busy professionals who value simplicity and data-driven tools without needing to constantly monitor the markets.

When choosing a trading platform, consider factors such as ease of use, availability of market insights and analysis, competitive pricing, research tools, and the ability to buy fractional shares if you're starting small.

Step 2: Choose the correct account type and open a share trading account

As an Australian investor, you can buy US stocks like Walmart through one of four account types:

Individual accounts: Ideal for retail investors wanting to manage their portfolio personally.

Company accounts: Useful for business entities investing surplus cash in equities.

Trust accounts: Designed for family or discretionary trusts seeking tax efficiency.

Self-Managed Super Funds (SMSFs): Offer flexible control for retirement investors managing their own super funds.

To open a brokerage account, you'll typically need to provide your full legal name, residential address, tax file number (TFN), and proof of identity. Since you're trading US-listed stocks, you'll be required to complete a W-8BEN form to confirm non-US residency for taxation purposes. This ensures you are taxed correctly on dividends and capital gains under the US-Australia tax treaty.

Step 3: Fund your account

Once your account is set up, transfer AUD from your Australian bank account. Your broker will convert it to USD so you can trade US stocks such as Walmart. Look for platforms with competitive foreign exchange rates and fast turnaround to avoid delays.

Step 4: Research Walmart's fundamentals

Before investing, review Walmart's core financials to ensure it fits your investment objectives. Walmart’s retail dominance in the US, strong international presence, and growth segments like eCommerce and advertising make it a compelling choice. Evaluate factors such as earnings per share (EPS), revenue trends, dividend yield, and return on equity. Keeping up with its quarterly earnings and analyst reviews can help you make better-informed decisions.

Step 5: Set a budget for your Walmart stock purchase

Decide how much to invest based on your available funds and how you want to allocate capital within your broader portfolio. A diversified approach is important, even if Walmart is a core holding. Ensure you’ve already established an emergency fund, especially if you're new to investing. If a full share in Walmart exceeds your budget, platforms like moomoo offer fractional shares so you can start investing with smaller amounts.

Step 6: Decide when to buy Walmart stock

Timing the market is difficult, but you can use tools like chart indicators, earnings report dates, or cost averaging strategies to build your position over time. Keep an eye on Walmart’s performance metrics, price trends, and broader economic indicators. If you're uncertain, starting with a small position and gradually adding on dips might suit your schedule and risk appetite.

Step 7: Monitor your stock portfolio

Once you’ve bought Walmart stock, actively monitor your portfolio through your trading app. Use alert tools to track price movements, access earnings updates, and manage your investments. A well-maintained portfolio will help you stay aligned with your financial goals even if your work life is hectic.

What is Walmart?

Walmart Inc. (NYSE: WMT) is the world’s largest retail corporation, founded in 1962 and headquartered in Bentonville, Arkansas. The company operates a vast network of hypermarkets, discount department stores, and grocery stores under the Walmart and Sam’s Club brands across the United States and internationally. Its core business segments include Walmart U.S., Walmart International, and Sam’s Club, offering a wide selection of products ranging from groceries and apparel to electronics and pharmaceuticals. Walmart also maintains a growing eCommerce platform and is investing heavily in AI and logistics to enhance customer experience. The company is majority-owned by Walton Enterprises and members of the Walton family, collectively holding over 44% ownership, alongside institutional investors like Vanguard Group.

How has Walmart stock price performed?

Walmart (NYSE: WMT) stock has exhibited steady price movements over recent months, supported by solid earnings performance and resilient US consumer spending trends. With consistent dividend payouts, a robust e-commerce expansion, and strategic moves such as the Vizio acquisition, investor confidence in Walmart remains strong. Over the past month, the Walmart stock price has gradually rebounded from late October lows, tracking broader retail sector momentum as the holiday shopping season approaches.

From its recent 52-week low of USD 101.18 logged at the end of October to closing at USD 103.44 on November 12, 2025, Walmart's stock has staged a modest recovery. Investors eye the Walmart stock price closely ahead of the year-end earnings guidance, with analysts reaffirming a strong buy consensus based on future growth expectations and solid fundamentals.

Key financial metrics for Walmart

Source: moomoo, data as of 25-11-12

Walmart stock price forecast

The medium-term Walmart price outlook remains positive, driven by stable earnings growth and defensive retail positioning. According to analyst consensus, the Walmart stock price forecast holds an average target of USD 116.03, with a high estimate of USD 129.00 and a low estimate of USD 105.00. This represents a potential upside of over 12% from current levels.

With Walmart’s focus on automation, higher-margin digital revenue streams, and a track record of consistent performance, many analysts expect the stock to deliver gradual long-term appreciation. As of now, Walmart stock price continues to benefit from favourable retail tailwinds and investor appetite for consumer staples amid macro uncertainty.

Walmart earnings 2026Q2 analysis

Source: Walmart Inc. Financial Reports, data as of 2025-08-21.

Walmart's 2026Q2 earnings release showcased a striking improvement across profitability metrics, marking a key turning point after a lukewarm start to FY2026. Revenue rose to $177.40 billion, a sequential increase of 7.1% from Q1, driven by strong U.S. and international sales gains. More impressively, net profit jumped by 54.1% quarter-over-quarter to reach $7.15 billion. The diluted EPS came in at $0.88, significantly outpacing both the previous quarter's $0.56 and analyst expectations of $0.73, according to the consensus prior to the Walmart earnings date. Just like upgrading from a regular car to a hybrid, Walmart’s evolving margin efficiency and growth in alternative revenue streams are helping to boost bottom-line performance faster than top-line growth may suggest.

During the recent Walmart earnings call, held on August 21, 2025, the company emphasized robust e-commerce momentum and strategic gains in high-margin areas such as advertising and membership income. Global e-commerce sales increased by 25%, while advertising revenues spiked nearly 50%. The gross profit rate hit 25.16%, the highest in over a year, reflecting better cost management and improved product mix. Executives also addressed a headwind related to $450 million in general liability expenses that slightly dampened operating profit on a year-over-year basis. Nevertheless, the earnings call revealed confidence in continued innovation, especially through AI-powered retail initiatives and logistics optimization, setting a digital-first path ahead for store operations and online expansion.

Does Walmart (WMT) pay dividends?

For income-focused investors in Australia, Walmart Inc (NYSE: WMT) presents itself as an appealing option not only due to its dominant retail position globally but also because of its consistent approach toward shareholder returns via dividends. As part of the esteemed “Dividend Aristocrats” group, Walmart holds a long-standing history of dividend payments, showcasing resilience and a commitment to rewarding investors. With a stable payout strategy amid changing economic climates, its dividend stock attributes make it particularly attractive for Australians aiming to diversify with U.S. equities and generate passive income streams.

Walmart’s quarterly dividend payments are supported by its strong operating cash flows and exposure to essential consumer goods, which helps protect its earnings in cyclical downturns. For Australians accessing the U.S. market, understanding Walmart’s dividend schedule and yield can play a critical role in aligning investments with cash flow goals. Below, we explore a summary of Walmart dividend data and compare its dividend profile with other consumer staples.

Dividend summary of Walmart (WMT)

Source: Walmart dividend announcements, data as of 2025-11-12.

How Walmart's dividend compares to competitors

Compared to other major retailers, Walmart’s dividend profile leans toward consistency rather than high yield. Its trailing twelve-month (TTM) dividend yield stands at approximately 0.90%, which is lower than traditional high-yield U.S. consumer defensive stocks like Target or Costco. However, unlike peers that may suspend or vary dividends across economic cycles, Walmart’s record of over 30 consecutive years of dividend increases provides confidence in its long-term payout reliability.

This conservative but steady growth approach offers a balanced dividend strategy that's particularly suitable for Australian investors seeking dependable U.S. income holdings. Although the yield may not top the charts, its fundamentally defensive business and long-term dividend history make WMT stock a sound choice for a diversified dividend portfolio.

When is Walmart stock split?

The most recent Walmart stock split occurred on February 26, 2024, when the company executed a 3-for-1 split, meaning each shareholder received three shares for every one share held. This Walmart stock split was announced in late January 2024 to improve liquidity and affordability for retail investors. Prior to this, the last Walmart stock split took place on April 20, 1999, with a 2-for-1 ratio. Historically, Walmart Inc. has undergone multiple stock splits since it began trading publicly in 1970, reflecting the company’s consistent capital growth and investor-friendly strategy. If you're a potential investor in Australia tracking Walmart stock split history, this recent event highlights the company's ongoing efforts to make its shares more accessible.

What ETFs hold WMT?

Walmart Inc. (WMT.US) is a widely held stock included in numerous exchange-traded funds (ETFs), particularly those focused on consumer staples or large-cap U.S. equities. Below are some notable ETFs that include Walmart among their holdings:

• SPDR S&P 500 ETF Trust (SPY): This ETF tracks the S&P 500 Index, making Walmart a component due to its large market capitalisation and inclusion in the index.
• Vanguard Consumer Staples ETF (VDC): Focuses on consumer staples companies, with Walmart being one of the largest constituents given its dominance in the retail sector.
• iShares U.S. Consumer Services ETF (IYC): Includes major players in the U.S. consumer sector, and Walmart is typically among the top weightings.
• iShares Global 100 ETF (IOO): Tracks 100 of the biggest global companies, where Walmart often features due to its international footprint and revenue scale.
• XLP – Consumer Staples Select Sector SPDR Fund: Selects from the S&P 500 companies within the consumer staples industry; Walmart is commonly a top holding.

Which stocks are similar to WMT.US?

If you're exploring Walmart (WMT.US) stock and want to compare it with similar companies, consider these large-cap retail and consumer staples peers, which operate in comparable markets or business models.

• Costco Wholesale Corp (COST.US) – Operates a membership-based warehouse club model offering bulk goods at low prices, similar to Walmart’s Sam's Club division.
• Target Corporation (TGT.US) – A major U.S. discount retailer offering general merchandise and groceries, competing directly with Walmart in domestic markets.
• Kroger Co (KR.US) – One of the largest supermarket chains in the U.S., representing a significant player in the grocery space like Walmart’s supermarket operations.
• Amazon.com Inc (AMZN.US) – Though primarily e-commerce, Amazon increasingly competes with Walmart through its physical stores and expansive logistics network.
• Dollar General Corp (DG.US) – Focused on smaller-format discount retail stores, offering competition in rural markets where Walmart also maintains a strong presence.

Is it a good time to buy Walmart stock

Walmart's stock is trading at US$103.68 as of November 12, 2025—a modest climb from last month’s low of US$101.18. While not soaring, the consistent price range reflects stability, somewhat like that reliable friend who always shows up, even if they never bring fireworks. The company boasts a forward PE ratio of 39.03 and a trailing twelve-month EPS of US$2.65, revealing steady earnings growth bolstered by a 4.76% YoY rise in revenue last quarter. Technically, momentum indicators have perked up: Walmart’s RSI (14) recently ticked up to 51.22, suggesting rising strength without being overheated. Analysts are on board too, with a consensus rating of “Strong Buy” from 30 experts and an average target price of US$116.03, indicating a potential 12% upside.

That said, investing in Walmart is not a guaranteed ticket to financial bliss. The company's low current ratio of 0.79 still signals liquidity caution, akin to keeping your wallet a bit too light during a shopping spree. Recent volatility in institutional flows—evident in cash outflows worth US$44.52 million on November 12—reminds us that even giants wobble. For Australian investors, diversifying and aligning investments with long-term goals is critical. Always consider consulting a licensed financial advisor to determine if Walmart aligns with your appetite for risk and return.

What is the Walmart outlook for 2025?

As we step into 2025, Walmart faces both promising opportunities and notable challenges. The retail giant’s rapid push into high-margin sectors such as advertising and memberships has paid off—its global advertising business alone surged nearly 50% in Q2 2026. However, macroeconomic pressures aren’t going unnoticed. Tariff uncertainties and inflation continue to pose cost hurdles, akin to trying to fill a leaky bucket while juggling growth efforts. Walmart’s Q2 2026 earnings show a 4.76% rise in revenue year over year, yet operating income slipped 8.24%, dented by unexpected $450 million general liability costs. Regulatory dynamics, particularly around tariffs and labor policy, may influence strategic pricing and supply chain agility throughout 2025.

Zooming out, the continued evolution of the global retail landscape will test Walmart's digital transformation. With eCommerce contributing to 25% of its global growth in 2026 Q2 and driving transaction growth by nearly 50% in some delivery segments, the company strides confidently in reshaping its omnichannel strategy. It’s like refitting a cruise ship mid-voyage—Walmart’s integrating AI, warehouse automation, and faster delivery models while navigating narrower consumer margins. While analysts collectively maintain a “Strong Buy” outlook with an average price target of $116.03 as of November 12, 2025, Walmart must balance innovation with risk management as it competes with digital-native retailers and navigates an unpredictable economic tide.

Final thoughts on how to buy Walmart stock

Buying Walmart stock in Australia is more accessible than ever, thanks to user-friendly trading platforms like moomoo that provide access to U.S. markets with competitive features such as zero-commission trading, real-time insights, and fractional shares. From choosing the right brokerage to understanding tax forms like the W-8BEN and funding your account in AUD, we've broken down the essential steps. Armed with the knowledge of Walmart’s consistent dividends, recent stock split, and strong financial fundamentals, Australian investors can confidently explore WMT as part of their global investment strategy.

If you're ready to buy Walmart stock, begin by selecting a solid trading app, opening a compliant brokerage account, allocating a suitable budget, and researching Walmart’s performance and dividend yield. With a steady track record, eCommerce expansion, and a resilient business model, Walmart presents itself as an attractive long-term investment. Stay informed, diversify your portfolio, and consider cost-averaging strategies to smooth out market volatility as you build your U.S. stock exposure. Whether you're a seasoned investor or just getting started, adding Walmart stock to your portfolio could offer stability and long-term growth potential.