Amazon.com Inc. has officially overtaken Walmart Inc. as the world's largest company by revenue. For its 2025 fiscal year, Amazon reported sales of $717 billion.
Walmart reported sales of $713.2 billion for the twelve months ending January 31, 2026. This shift ends Walmart’s tenure as the global revenue leader, a position it maintained for more than a decade.
Rapid growth in the Amazon Web Services (AWS) cloud division and a broad consumer shift toward online platforms drove the milestone. Amazon's revenue growth has consistently outpaced Walmart's over the last ten years.
Since its 1994 founding as an online bookseller, the company has scaled using business strategies inspired by Walmart founder Sam Walton.