Amazon has surpassed Walmart to become the world's largest company by revenue. The e-commerce giant recorded $716.9 billion in sales over the past year. Walmart reported revenues of $713.2 billion for its 2026 fiscal year ending in January. This shift places Amazon at the top of the Fortune 500.
This milestone reflects a broad transition in consumer spending from brick-and-mortar retail to digital ecosystems. Walmart remains a dominant force in consumer staples and a core holding for the VDC ETF. Amazon's ascent intensifies competitive pressure across the global retail sector.
The change in leadership is expected to reshape investor sentiment and industry-wide strategic planning. Market analysts are now re-evaluating the definition of a modern consumer-facing behemoth.