Walmart Files to Move Listings From NYSE to Nasdaq

Walmart took a formal regulatory step on December 8, 2025 by filing an SEC Form 25 to remove its common stock and multiple note issues from listing and registration on the New York Stock Exchange. The document, signed by Gordon Y. Allison, Senior Vice President and Chief Counsel for Finance and Governance, identifies the affected securities as the common stock and a range of notes maturing between 2026 and 2039. The filing states the withdrawal is voluntary under Exchange Act rules and certifies that Walmart met the procedural requirements for the withdrawal.

The Form 25 is a technical but required step to effect the company announced transfer of its equity and certain bonds from the NYSE to Nasdaq. For investors and market participants the change will shift trading venues and may alter liquidity, market access, and index inclusion over time. For most hourly associates and store level employees there will be no immediate change to daily operations, compensation, or benefits as a result of the listing move.

Company leaders have positioned the listing transfer within a larger corporate strategy that emphasizes people and technology, and they have tied that strategy to continued investments in technology and operations that affect store and supply chain roles. Those investments could over time influence scheduling tools, inventory systems, and logistics processes that touch frontline work. For associates this means the most tangible effects are likely to be indirect, resulting from capital allocation and technology deployment decisions rather than from the change in trading venue itself.

The filing represents a formal administrative milestone in a previously announced plan to switch exchanges. Employees, managers, and suppliers can expect routine corporate communications as the transition proceeds, and workers who follow company investment and technology plans should track how associated spending and projects translate into changes on the ground.