Amazon Overtakes Walmart as World's Largest Company by Revenue
Amazon tops global revenue rankings
In a narrow numeric reversal, Amazon has just moved ahead of Walmart in annual sales. Amazon disclosed about $717 billion for its latest fiscal year; Walmart’s most recent twelve-month sales totaled approximately $713.2 billion.
The raw figures are close — a lead on the order of a few billion dollars — but symbolic: scale leadership has shifted after many years with Walmart at the top. The two companies report on different fiscal calendars, so the numbers are not perfectly aligned by period, yet the comparison is meaningful for market perception.
Why the gap matters: beyond headline ranking, the change highlights divergent growth engines. Amazon’s mix includes high-volume retail traffic plus a major cloud-services business that contributes revenue at a different margin profile; Walmart’s strength remains steeply rooted in physical-store sales and grocery dominance.
Operationally, the milestone may reshape bargaining dynamics with suppliers, third-party sellers, and logistics partners, while informing investor debates about valuation multiples and growth outlooks for retail versus technology-led commerce platforms.
Near-term market effects tend to be perceptual: analysts and funds often re-evaluate narrative-driven positioning when such milestones occur. For both firms, the headline will drive renewed scrutiny of cost structure, international expansion plans, and efforts to lift same-store or marketplace sales.
For consumers and partners, scale translates into negotiation leverage, platform reach, and potential service experiments — from faster delivery to deeper cloud offerings. Expect both companies to highlight strategic initiatives that build on this moment.
- Amazon reported ~$717B in 2025 sales.
- Walmart reported ~$713.2B over its latest 12 months.
- Revenue lead: roughly $3.8B.
This ranking reshuffles a long-standing order in corporate revenue lists and signals how platform diversification and cloud services can alter growth trajectories even within traditionally retail-dominated markets.
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