Amazon Overtakes Walmart as America’s Largest Company by Revenue
Amazon has dethroned Walmart as the largest U.S. company by revenue, reporting $716.9 billion in annual sales compared to Walmart's $713.2 billion. The shift ends Walmart's 23-year reign atop the revenue rankings, a position it held since surpassing Exxon Mobil in 2001.
The e-commerce giant's 12.4% revenue growth outpaced Walmart's 4.7% expansion, reflecting Amazon's diversified business model. While Walmart remains heavily reliant on retail operations, Amazon derives significant revenue from AWS cloud services and advertising—segments growing at 20% annually.
With AWS now contributing 18% of total revenue and Amazon forecasting 11-15% growth next quarter, the company's trajectory suggests further separation from traditional retailers. The transition underscores how technology platforms are reshaping economic hierarchies.
