Amazon has officially surpassed Walmart as the world’s biggest company by annual revenue, ending the retail giant’s 13-year run at the top of the global sales rankings.
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Amazon reported roughly $717 billion in revenue for fiscal 2025, narrowly edging past Walmart’s approximately $713 billion in annual sales. The milestone is largely symbolic, but it reflects how Amazon’s business has expanded well beyond traditional e-commerce.
Unlike Walmart, which remains heavily anchored in physical retail, Amazon’s revenue includes a broad mix of online retail, third-party marketplace services, cloud computing, and advertising. That diversified structure helped push the company past Walmart in total annual sales.
Walmart, for its part, continues to post strong results and has significantly grown its digital business in recent years. The retailer has leaned heavily into its store network to compete more aggressively in e-commerce and delivery.
In its most recent earnings call, Walmart reported that e-commerce sales jumped about 24% year over year, driven largely by store-fulfilled pickup and delivery performance and marketplace growth. Digital sales have now delivered 15 consecutive quarters of double-digit growth as the retailer uses its store network as fulfillment hubs to improve delivery and cut last-mile costs.
Amazon recently scrapped its Blue Jay warehouse robot program only months after launch, underscoring the company’s evolving approach to automation even as it pushes expansion of fulfillment capacity and delivery speed across its network.
