Amazon Surpasses Walmart to Top the Fortune 500 for the First Time
Amazon became the first-ranked company on the Fortune 500 after generating $717 billion in revenue in 2025, surpassing Walmart’s $713 billion. The milestone reflects changes in the retail landscape and highlights Amazon Web Services (AWS) as a major growth engine.
What are the key facts?
- 1Amazon’s 2025 revenue: $717 billion
- 2Walmart’s 2025 revenue: $713 billion
- 3AWS revenue: $129 billion
- 4Amazon ended Walmart’s 13-year run at the top
What happened?
More than 30 years after its founding, Amazon ranked first on the Fortune 500 for the first time, ending Walmart’s 13-year run at the top. Although the two companies compete intensely in retail, Amazon’s cloud business, AWS, was particularly strong, generating $129 billion in sales in 2025 and growing much faster than its North American retail business. The ranking is based on annual company revenue, and Amazon overtook Walmart through combined growth in retail and cloud services.
What does this mean for cross-border sellers?
Amazon’s stronger platform position is likely to support continued investment in logistics and AI search. Sellers should closely monitor technology updates involving AI shopping assistants such as Rufus as traffic acquisition methods evolve.