Amazon Surpasses Walmart to Claim the Top Spot on the Fortune 500
Amazon has surpassed Walmart for the first time with annual revenue of $717 billion, becoming the largest company in the U.S. Despite recent mass layoffs and cost reductions, its cloud service (AWS) is growing significantly faster than retail, becoming the core growth engine for the company.
What are the key facts?
- 1Amazon 2025 revenue $717 billion
- 2Walmart 2025 revenue $713 billion
- 3AWS cloud sales $129 billion
- 4AWS year-on-year growth 28%
What happened?
Amazon has replaced Walmart at the top of the Fortune 500 list, ending Walmart's 13-year reign. Amazon's 2025 revenue reached $717 billion, slightly above Walmart's $713 billion. The growth is primarily driven by AWS cloud services, which generated sales of $129 billion, maintaining a year-over-year growth of 28% in the first quarter, while North American retail growth was 12%.
What does this mean for cross-border sellers?
Amazon's rise reflects the expanding traffic and ecological influence of the platform. Sellers should pay attention to the platform algorithm upgrades driven by AWS technology and leverage the scale effects of its retail ecosystem.