Amazon Surpasses Walmart to Top the Fortune 500
Based on fiscal 2025 revenue, Amazon formally surpassed Walmart to rank first on the Fortune 500, ending Walmart’s 13-year run at the top and highlighting Amazon’s continued expansion in retail and cloud services.
What are the key facts?
- 1Ranking change: Amazon ranked first
- 2Historical context: ended Walmart’s 13-year run at the top
- 3Basis: fiscal 2025 revenue
What happened?
In fiscal 2025, Amazon’s revenue exceeded Walmart’s, placing Amazon at the top of the Fortune 500. The change marks the first disruption of Walmart’s long-standing dominance and reflects Amazon’s strong growth in retail and cloud services. Amazon’s rapid rise in the U.S. market has been particularly notable, with continued investment in digitalization and technological innovation helping it stand out amid intense competition.
What does this mean for cross-border sellers?
Amazon’s industry position has strengthened further. Sellers should continue developing within the Amazon ecosystem, particularly by monitoring innovation in cloud services to identify new opportunities. Highest-priority action: review and optimize product-launch strategies this week to capitalize on market changes.