Amazon surpasses Walmart as world's top company in sales

E-commerce giant tops retail giant in annual revenue for the first time in 13 years

Published on Feb. 27, 2026

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Amazon has surpassed Walmart as the world's top company in sales, reporting $716.9 billion in revenue for the most recent fiscal year compared to Walmart's $713.2 billion. This marks the first time in 13 years that Amazon has topped Walmart in annual sales, as consumer spending has continued to shift more toward online shopping.

Why it matters

The shift in the world's top company in sales from the longtime retail leader Walmart to the e-commerce giant Amazon reflects the dramatic changes in consumer behavior and shopping habits over the past decade, with more consumers opting for online shopping over in-store purchases.

The details

Walmart's total revenue jumped up 4.7% compared to 2024, but most of Amazon's revenue of around $464 billion came from online and physical store sales, while 90% of Walmart's sales came from physical stores and online. Amazon's revenue has increased at almost 10 times that of Walmart over the past decade as consumer spending has continued to shift toward more online browsing and purchases.

  • In 2025, Amazon surpassed Walmart as the world's top company in sales.
  • Walmart reported its annual revenue of $713.2 billion for its most recent fiscal year.
  • Amazon reported $716.9 billion in revenue for the most recent fiscal year.

The players

Amazon

An e-commerce giant that has grown significantly since its founding in 1994, now holding several subsidiaries including Amazon Web Services (AWS), Ring, Twitch, Amazon Prime Video, and Amazon MGM Studios.

Walmart

A retail giant based in Bentonville, Arkansas that has been the world's top company in sales for the past 13 years until being surpassed by Amazon in 2025.

Andy Jassy

The CEO of Amazon who announced last year that the company expects its workforce to shrink in the coming years as AI becomes more integrated.

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What they’re saying

“Dividends continue to be a part of our diversified capital returns approach. We're proud to be increasing our annual dividend for the 53rd consecutive year. This decision is a proof point of our continued confidence in our business performance and forward momentum.”

— John David Rainey, Walmart Executive Vice President (thehill.com)

“We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs.”

— Andy Jassy (thehill.com)

The takeaway

The shift in the world's top company in sales from Walmart to Amazon reflects the dramatic changes in consumer behavior and shopping habits over the past decade, with more consumers opting for online shopping over in-store purchases. This transition highlights the need for traditional retailers to adapt to the growing e-commerce landscape.