John David Rainey

Executive Vice President and Chief Financial Officer Walmart

Last Reviewed: October 1, 2026

Executive Summary

John David Rainey has been Walmart’s Chief Financial Officer since 2022, and has now served as finance chief of three household-name companies: United Airlines, PayPal and Walmart. His remit at Walmart is wider than finance alone, extending to customer service and the company’s energy function. Since December 2025 he has also sat on Microsoft’s board. In mid-2026 Walmart’s results included tariff refunds, which it said it would reinvest in customer experience and prices.

Career Highlights

• Executive Vice President and Chief Financial Officer of Walmart since 2022, also leading customer service and energy.
• Chief Financial Officer and Executive Vice President, Global Customer Operations at PayPal from 2015 to 2022.
• Executive Vice President and Chief Financial Officer of United Airlines from 2012 to 2015.
• Eighteen years across United Airlines and Continental Airlines.
• Director of Microsoft since December 2025, and of PhonePe; formerly a director of Nasdaq, Inc.

Professional Journey

Rainey earned a Bachelor of Business Administration and an MBA at Baylor University. He spent 18 years across Continental Airlines and United Airlines. At United he was Senior Vice President of Financial Planning and Analysis from 2010 to 2012 and then Executive Vice President and Chief Financial Officer from 2012 to 2015.

In September 2015 he joined PayPal as Chief Financial Officer and Executive Vice President, Global Customer Operations, and held the role until 2022. In 2022 he moved to Walmart as Executive Vice President and Chief Financial Officer. He also leads the company’s customer service and energy functions.

Walmart’s fiscal 2026 revenue was $713 billion. In the second quarter of fiscal 2027 revenue rose 5.9 percent to $187.9 billion, and operating income rose 28.8 percent, helped by tariff refunds. Rainey said the company planned to reinvest the refunds in customer experience and prices in the second half, and encouraged investors to “consider Q2 and Q3 performance together to assess the underlying growth of the business”.

In December 2025 Microsoft shareholders elected him to its board. He also serves on the board of PhonePe, and previously served on the board of Nasdaq, Inc.

Education

Baylor University

Bachelor of Business Administration

Baylor University

MBA