Walmart Isn’t on Nasdaq 100 Index — Yet
Walmart has moved its primary stock listing off the New York Stock Exchange and onto the Nasdaq, ending a run of more than half a century on the NYSE. The retailer kept its longtime ticker symbol, WMT, and the transfer became effective Dec. 9, 2025.
The switch is notable because it’s described as the largest defection of a stock listing in NYSE history. For drivers and fleets, it’s another reminder that Walmart isn’t just a big-box retailer—it’s also a massive public company whose financial positioning can influence how investors view the business.
Walmart first announced the planned move in November. The company said the decision followed an evaluation that included trading execution, brand alignment, and a shared focus on technology.
One reason the move matters to markets is index eligibility. Listing on Nasdaq can position a company to be considered for the Nasdaq-100, a major index that is widely tracked by passive funds. Jefferies analyst Corey Tarlowe said the shift also creates the potential for more investment tied to that index.
But there’s an important timing catch: Walmart won’t be included in this year’s Nasdaq-100 reshuffle. According to Reuters and Jefferies, Walmart’s transfer happened too late to qualify for the annual reconstitution because it missed the index provider’s cutoff used to gather required market information. Kaasha Saini, head of index strategy at Jefferies, said stocks typically need to meet key criteria—including having a primary Nasdaq listing—by the last trading day of November.
Reuters reported that the Nasdaq-100 changes are expected after the Dec. 12 close and will take effect later in December, with the reconstitution effective Dec. 22, 2025. Six companies—including Alnylam Pharmaceuticals and Seagate Technology Holdings—will join the index in this cycle.
Jefferies also characterized Walmart’s exchange move as “far more substantive than symbolic.” Even without immediate index inclusion, the Nasdaq listing keeps the door open for future index-related events.
Walmart’s NYSE chapter was long and profitable for shareholders. Over the past 53 years, Walmart’s stock on the NYSE grew more than 536,000%, before the company began its next phase on Nasdaq.
- What happened: Walmart moved its primary listing from NYSE to Nasdaq and kept the “WMT” symbol.
- Why it matters: A Nasdaq listing can support future eligibility for major Nasdaq indexes that drive passive investment flows.
- What didn’t happen: Walmart won’t be considered for the Nasdaq-100’s 2025 reconstitution due to timing and cutoff rules.