CIRP - Amazon Report

CIRP - Amazon Report

Is Walmart.com Catching Up to Amazon?

Michael Levin and Josh Lowitz's avatar
Michael Levin and Josh Lowitz
Sep 02, 2025
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Not really.

Walmart.com was relatively late to the online shopping game. With its deep physical store infrastructure, Walmart continues to rely on its still enormous in-person shopping business, while leveraging its vast store count, consumer base, and vendor relationships to build a complementary online business.

One recent step in the process was introducing Walmart+ as an Amazon Prime alternative. Like Prime, Walmart+ offers free delivery benefits to its members. And like tracking Prime membership, one measure of how Walmart’s online efforts are going is assessing the number of Walmart+ members.

While only five years old, Walmart+ has grown to 25 million US members as of the July 2025 quarter (Chart 1). That is about one-eighth of the estimated 198 million US Amazon Prime members as of the June 2025 quarter. Note, CIRP estimates the number of shoppers who use an Amazon Prime or Walmart+ membership, not the number of paid subscribers, which is presumably lower.

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