Amazon Tops Walmart as World's Largest Company by Revenue

Overview

• Amazon reported 2025 net sales of about $716.9–$717 billion, surpassing Walmart’s $713.2 billion for the 12 months ended Jan. 31, 2026.
• Amazon Web Services grew 20% in 2025 to $128.7 billion in revenue, underscoring the cloud business’s central role in the shift.
• Net income at Amazon rose 31.3% to $77.7 billion in 2025, signaling stronger profitability alongside higher sales.
• Bloomberg’s like-for-like analysis aligned the companies’ different fiscal periods to confirm Amazon’s new No. 1 position after more than a decade of Walmart leadership.
• The milestone reflects divergent models as Amazon leads U.S. e-commerce and Walmart dominates physical retail, while overall market value leadership currently belongs to Nvidia.