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Amazon Surpasses Walmart as Top Global Company in Sales

On Feb. 19, 2026, Fortune's Fortune 500 showed Amazon overtook Walmart as the largest U.S. company by revenue, reporting $716.9 billion versus Walmart's $713.2 billion.
Amazon's mix of cloud, ads and e-commerce propelled its revenue, while Walmart's fourth-quarter results fell short of Amazon's totals, despite a leadership change earlier this year.
The Fortune 500 ranking shows Amazon was #2 from 2020 to 2025 before overtaking Walmart, which held top spot since 2013, with $716.9 billion and $713.2 billion respectively.
Walmart's decade-plus hold on No. 1 has ended as Amazon took the top spot, ending Walmart's run since 2013 after first reaching No. 1 in 2002 with $219.8 billion, replacing ExxonMobil.
The companies historically traded places until 2010, when Walmart edged out Exxon for good, following Doug McMillon's AI focus and Walmart's 2025 deals with OpenAI and Alphabet.

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