Amazon Surpasses Walmart to Claim Top Spot on Fortune 500 List
In 2025, Amazon officially surpassed Walmart with revenue of $717 billion compared to Walmart's $713 billion, becoming the first in the Fortune 500 list. This milestone marks a shift in the retail landscape and highlights Amazon Web Services (AWS) as a core growth driver.
What are the key facts?
- 1Amazon 2025 revenue $717 billion
- 2Walmart 2025 revenue $713 billion
- 3Amazon AWS revenue $129 billion
- 4Amazon ends Walmart's 13-year top position
What happened?
Amazon has taken the top spot on the Fortune 500 list for the first time after more than 30 years since its establishment, ending Walmart's 13-year reign. Although both companies are fiercely competitive in retail, Amazon’s cloud business (AWS) showed remarkable performance, generating $129 billion in sales in 2025 and growing significantly faster than its North American retail operations. This ranking is based on annual revenue data from each company, and Amazon successfully surpassed Walmart through dual growth in both retail and cloud services.
What does this mean for cross-border sellers?
The strengthened platform position indicates that Amazon will continue to invest more resources in optimizing logistics and AI search experiences. Sellers should focus on the platform's technological advancements in AI shopping assistants (like Rufus) to adapt to changes in traffic acquisition methods.