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Amazon Surpasses Walmart as Top Global Company in Sales

Amazon’s cloud computing, advertising, and e-commerce businesses drove 2025 sales to $717 billion, surpassing Walmart’s $713.2 billion, Fortune magazine reported.

  • 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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By Nathaniel Meyersohn. For the first time in more than a decade, Amazon has overtaken Walmart as the world's largest company by sales volume. This historic move ends a 13-year run in which the brick-and-mortar retail giant held firm at the top of the list. Amazon projected sales of $717 billion in 2025. Walmart, the world's largest company for more than a decade, reached total sales of $713 billion in the same year, the retailer announced Thurs…

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Amazon overtakes Walmart as largest U.S. company by revenue

Walmart had been at the top of the Fortune 500 for 13 years.

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Amazon, the world's largest e-commerce company, has surpassed traditional retail giant Walmart to become the world's top retailer. This feat comes 32 years after Jeff Bezos founded the online bookstore in his Seattle garage in 1994. Walmart, meanwhile, has ceded its position as the top retailer, a title it held for over a decade.

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El Economista broke the news in on Thursday, February 19, 2026.
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