Walgreens Net Worth (Updated 2026).
Walgreens, a household name in the pharmaceutical and retail industry, traces its roots back to 1901 when Charles R. Walgreen, a young pharmacist, opened his first drugstore in Chicago, Illinois. This humble beginning was fueled by Walgreen’s passion for providing exceptional customer service and high-quality pharmaceuticals, a commitment that remains at the core of the company’s operations today.
The company’s growth was swift and steady, with Walgreen expanding his business through strategic acquisitions and careful planning. By the 1920s, Walgreens had established a presence in several Midwestern states, and the iconic red, white, and blue color scheme that would become synonymous with the brand was introduced. The 1930s saw the introduction of the Walgreens hourly pay scale, a pioneering move that significantly improved the lives of the company’s employees. This period also marked the beginning of Walgreens’ expansion into new markets, including the West Coast, signaling the company’s transformation from a regional player to a national force in the retail pharmacy industry.
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Walgreens’ Current Net Worth (2025)
As of 2025, Walgreens’ current net worth is estimated to be around $34.9 billion, according to the latest available information. This figure reflects the company’s extensive retail pharmacy operations and its strategic growth initiatives.
Career
Walgreens, originally known as Walgreen Co., was founded in 1901 by Charles R. Walgreen Sr. in Chicago, Illinois. The company started as a single drugstore and has since grown into a multinational corporation, operating over 18,500 locations across the United States, Puerto Rico, and the U.S. Virgin Islands. Walgreens is currently led by CEO Rosalind Brewer, who joined the company in 2021.
Other Ventures
In addition to its retail pharmacy business, Walgreens has expanded into various other ventures. These include the acquisition of the Alliance Boots Group in 2014, which gave Walgreens a significant presence in the global wholesale and retail pharmaceutical market. The company also offers healthcare services through its Walgreens Healthcare Clinic division and has a partnership with Kroger for meal kits and other grocery items.
Assets
Walgreens’ extensive assets include its vast network of retail stores, distribution centers, and manufacturing facilities. As of 2021, the company’s total assets were valued at over $66 billion. This includes property, plant, and equipment valued at approximately $21 billion, as well as investments in securities and other assets. Walgreens also holds significant intellectual property, including trademarks and patents.
Annual Income
In the fiscal year 2021, Walgreens reported total revenue of $139.5 billion, a 5.3% increase from the previous year. The company’s retail pharmacy USA segment contributed $97.5 billion to this total, while its healthcare services and retail pharmacy international segments contributed $19.1 billion and $22.9 billion, respectively. Walgreens’ net earnings for the fiscal year 2021 were $3.1 billion.
Frequently Asked Questions about Walgreens
Frequently Asked Questions: Walgreens Net Worth
1. What is Walgreens’ net worth?
Walgreens’ net worth is estimated to be around $50 billion.
2. How does Walgreens’ net worth compare to other pharmacy chains?
Walgreens is one of the largest pharmacy chains in the world, and its net worth is significantly higher than many of its competitors. For instance, CVS Health’s net worth is estimated to be around $35 billion.
3. What are the main sources of Walgreens’ income?
Walgreens’ main sources of income are retail sales of prescription and non-prescription drugs, general merchandise, and health and wellness products. They also generate revenue through their pharmacy benefit management services.
4. How many stores does Walgreens operate worldwide?
As of 2021, Walgreens operates over 18,750 stores in 25 countries.
5. In which countries does Walgreens operate?
Walgreens operates in countries such as the United States, the United Kingdom, the Netherlands, Norway, and Switzerland, among others.
6. What is Walgreens’ stock symbol?
Walgreens’ stock symbol is WBA and it is listed on the Nasdaq stock exchange.
7. When was Walgreens founded?
Walgreens was founded in 1901 by Charles R. Walgreen Sr.
8. How many employees does Walgreens have?
As of 2021, Walgreens employs over 240,000 people worldwide.
9. What is Walgreens’ corporate headquarters location?
Walgreens’ corporate headquarters is located in Deerfield, Illinois, USA.
10. What is Walgreens’ mission statement?
Walgreens’ mission statement is: “Our mission is to champion the health and well-being of every community in America. We will deliver exceptional patient care and be a leader in health and well-being, trusted and chosen by all.”
