Company type | Public |
---|---|
Industry | Retail and pharmaceuticals |
Predecessors | |
Founded | December 31, 2014 |
Headquarters | , U.S. |
Number of locations | 12,712 (2024) |
Area served | Worldwide |
Key people | |
Revenue | US$147.7 billion (2024) |
US$–14.1 billion (2024) | |
US$–8.64 billion (2024) | |
Total assets | US$81.04 billion (2024) |
Total equity | US$12.01 billion (2024) |
Owner | Stefano Pessina (16%) |
Number of employees | 312,000 (2024) |
Divisions |
|
Website | walgreensbootsalliance |
Footnotes / references Financials as of August 31, 2024[update].[1] |
Walgreens Boots Alliance, Inc. (WBA) is an American multinational holding company headquartered in Deerfield, Illinois.[2] The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots (owner of Boots UK Limited) that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion.[3] Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years.[4] Walgreens became a subsidiary of the newly created company after the transactions were completed.[5] As of 2022[update], Walgreens Boots Alliance is ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue.[6]
In fiscal year 2022, the company saw sales of $132.7 billion, up 0.1% from fiscal 2021, and saw net earnings increase to $4.3 billion. The combined business has operations in 9 countries, as of August 31, 2022[update]. Walgreens had formerly operated solely within the United States and its territories, while Alliance Boots operated a more multinational business.[7]
The company began trading on the Nasdaq in its inception, under the symbol WBA.[8] On June 26, 2018, Walgreens Boots Alliance replaced General Electric on the Dow Jones Industrial Index.[9][10] Walgreens Boots Alliance was subsequently replaced by Amazon on the Dow Jones Industrial Index on February 26, 2024. The company is also a component of the S&P 500 index; it was formerly a Nasdaq-100 company until 2024.