Amazon has officially surpassed Walmart to become the largest company in the U.S. by revenue, marking the end of Walmart’s 13-year dominance. Amazon reported approximately $717 billion in annual revenue, slightly ahead of Walmart’s ~$713 billion.
This milestone reflects Amazon’s rapid growth not just in e-commerce, but across multiple high-revenue streams including cloud computing (AWS), advertising, and third-party seller services. In contrast, Walmart’s revenue still heavily relies on traditional retail operations.
Key highlights:
- Amazon reached ~$717B revenue, surpassing Walmart
- AWS alone contributed ~18% of total revenue
- Amazon saw double-digit growth across key segments
- Walmart’s growth remains steady but slower
This shift signals a major transformation in the global retail landscape. Amazon’s success highlights the power of a diversified business model, where high-margin services like cloud computing and advertising fuel overall growth.
It also shows how traditional retail is evolving into a tech-driven ecosystem, with both companies investing heavily in AI, logistics, and digital experiences. While Walmart remains dominant in physical retail, Amazon’s faster growth rate suggests the gap could widen further in the coming years.
Takeaway for sellers:
Sellers should think beyond just product sales and leverage multiple revenue channels including ads, subscriptions, and marketplace strategies to scale. The future of e-commerce belongs to businesses that combine retail with technology-driven growth.
