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Amazon Dethrones Walmart for No. 1 Spot on Fortune 500 List

The 2026 list shows record $21 trillion in revenue and $2.1 trillion in profits as tech giants widen their lead.

  • On Wednesday, Amazon dethroned Walmart as America's largest company by revenue, ending a 13-year run atop the Fortune 500 list. The e-commerce giant secured the top spot with more than $715 billion in revenue in 2025.
  • Fortune 500 companies represent two-thirds of U.S. GDP, generating $21 trillion in revenue and $2.1 trillion in profits last year. Fortune editorial director Diane Brady wrote the landscape is "bigger, more profitable, and more concentrated at the top than at any point in the list's 72-year history."
  • Chipmaker Nvidia surpassed Apple to become the most valuable company, reaching $4.2 trillion in market value. Alphabet, Nvidia, Apple, and Meta each cleared $100 billion in profits, combining for $466 billion or 22% of total earnings.
  • A record 55 female CEOs now lead Fortune 500 companies, representing 11% of the total. This marks the fourth consecutive year the figure has cleared double digits.
  • The latest rankings illustrate an economy being remade by AI and health care. For dominant corporations, scale has never looked more like a competitive moat protecting market position.
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Walmart dethroned as top Fortune 500 company for first time in 13 years. Who overtook them?

After more than a decade at the top of the Fortune 500 rankings, Walmart has officially been dethroned.

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PR Newswire broke the news in United States on Wednesday, June 3, 2026.
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