Amazon surpasses Walmart to become largest company by revenue with $717 billion — Here’s what you need to know
According to the news agency, e-commerce and cloud computing giant Amazon surpassed Walmart and became the largest global company in terms of revenue by the end of the fiscal year ending in December 2025. Bloomberg On Thursday, February 19, 2026.
Amazon’s revenue from operations for the fiscal year ending December 2025 was $717 billion, according to data released earlier this month, while Walmart reported $713.2 billion in revenue for the 12 months ending Jan. 31, 2026, according to the agency report.
The news also emphasized that Amazon’s move came more than a decade after Walmart maintained its leadership as the largest company in terms of revenue.
Amazon and Walmart
Amazon founder Jeff Bezos reportedly studied Walmart founder Sam Walton and learned from his business strategies when starting his company. Over the years, Amazon’s revenues have grown at nearly 10 times the pace of Walmart, thanks to a shift in consumer spending from stores to websites and its fast-growing cloud computing business, Amazon Web Services.
According to the agency report, Amazon is a market giant that receives 2.7 billion visits every month; Walmart, on the other hand, is the world’s largest physical retailer, with its main market being the United States, with more than 10,000 stores and shopping clubs worldwide.
While Walmart has seen more success than Amazon in developing its e-commerce operation, the e-commerce giant is creating a brick-and-mortar business despite its acquisition of Whole Foods Market in 2017.
According to the agency report, the increase in Amazon’s revenues was due to the company’s dominance in cloud computing, where Walmart does not operate. Without these revenues, Amazon’s 2025 revenue would be $588 billion; This underscores the dependence on data centers and critical infrastructure in the age of artificial intelligence (AI).
“This is a hollow victory,” Kirthi Kalyanam, executive director of Santa Clara University’s Retail Management Institute, told the news agency. “Amazon didn’t beat Walmart in retail. It just beat them in revenue by building a new business that Walmart didn’t operate.”
Share price snapshot
Amazon stock price was trading at $205.29, up 0.20%, as of 11:33 a.m. (EDT) on Thursday, compared to $204.79 at the previous market close. Shares of Walmart were trading at $126.75 as of 11:33 a.m. (EDT), up 0.10% from $126.62 at the previous market close.
The agency report highlights that being the largest company by revenue mostly represents scale and consumer reach and is not necessarily valued by investors. Before Walmart, Exxon Mobil Corp. and General Motors Co. he had this privilege, which brought with it greater political scrutiny and customer expectations.
In terms of market capitalization (M-Cap), Nvidia Corp. is the world’s most valuable company, with a market cap of $4.5 trillion; That’s more than twice the size of Amazon and four times larger than Walmart.
