Core Insights - Walmart is on a trajectory to potentially join the $1 trillion market capitalization club by 2026, needing a 22% appreciation in its stock price within 15 months [5][12] - The company's operating income growth is increasingly driven by e-commerce and high-margin areas such as digital advertising and membership fees [8][9][11] Financial Performance - Walmart's stock has appreciated by 470% over the past 15 years, with reinvested dividends yielding a total return of 680% for long-term investors [2] - As of now, Walmart's market capitalization stands at $820 billion [5] Growth Drivers - E-commerce revenue surged by 25% year-over-year in Q2, significantly outpacing overall revenue growth of about 5% [8] - The recent acquisition of Vizio is expected to enhance Walmart's digital advertising capabilities, contributing to a 46% increase in advertising revenue in Q2 [10] Future Outlook - The company is expected to continue benefiting from its diverse revenue streams, particularly in e-commerce and digital advertising, which are anticipated to drive operating profit growth [11] - While reaching a $1 trillion valuation by the end of 2026 is not guaranteed, the overall direction of the business suggests a strong potential for achieving this milestone [12]