All companies · US · fiscal 2026

Walmart

958times · chief executive pay ÷ median employee pay verified

It would take Walmart's median employee 958 years to earn what its chief executive earned in one. That is above the 312 to 1 average across the S&P 500 in 2025.

Median employeeWalmart's SEC-identified median associate

$30,520

A 20 to 1 capRebecca Ledger model

$610,400

Doug McMillonchief executive, fiscal 2026

$29,240,930

Walmart employs roughly 2.1 million people worldwide.

Show the evidence

Source: Walmart, SEC Form DEF 14A, filed April 2026 — open this company's SEC filing list
Chief executive total compensation verified: $29,240,930 — Doug McMillon, as reported in the Summary Compensation Table
Median employee total compensation verified: $30,520 — Walmart's SEC-identified median associate
Ratio verified: $29,240,930 ÷ $30,520 = 958. This ratio is disclosed by the company itself in the filing.
Retrieved: 2026-09-07
Methodology caution: SEC rules let each company choose how it identifies its median employee — whether part-time and seasonal pay is annualized, which countries are included. Ratios are exact within a company and approximate between companies. Full methodology.

The numbers

$29,240,930

Chief executive verified

Doug McMillon, fiscal 2026 total compensation

$30,520

Median employee verified

Walmart's SEC-identified median associate

958:1

Ratio verified

S&P 500 average is 312:1

Pay Fairness score calculated

0–100, from the ratio alone. Formula

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Employee ownership insufficient data

Not disclosed. No company on the ledger yet publishes what share of its stock is held by rank-and-file employees. That silence is itself the finding.

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Buybacks & net income insufficient data

Not yet collected for this company. Want to add it? Take the Rebecca Challenge.

What 20 to 1 would look like proposal

This is a Rebecca Ledger model, not a prediction and not something the company has said or done. It caps chief-executive pay at twenty times this company's own median employee, and changes nothing else.

Chief executive today verified	$29,240,930
Under a 20× cap proposal	$610,400 (20 × $30,520)
Difference calculated	$28,630,530
What the difference equals calculated	about 938 more employees paid at this company's own median

The arithmetic is the whole model: one year of the difference, divided by one median salary. It assumes nothing about taxes, share price, or whether the company would do it. It is meant to make a large number legible, not to predict a decision.

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