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Amazon Surpasses Walmart in Revenue for First Time

2/21/2026

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Summary

Amazon Surpasses Walmart

Amazon.com, Inc. surpassed Walmart Inc. in annual revenue for the first time, reporting 2025 revenue of $716.9 billion versus Walmart's $713.2 billion.
Walmart Inc. had held the top position for 13 years.
Amazon.com, Inc.'s growth stems from cloud computing and advertising, and includes faster delivery and expansion of physical stores.
Walmart Inc. is investing in AI and expanding its digital presence.

Summary

Walmart Reports Growth

Walmart reported revenue of $713.2 billion, up 4.7%, and net income of $21.9 billion, up 12.6%.
E-commerce sales rose 24% globally, and Walmart's operating income increased 10.8%.
John Furner, Walmart chief executive officer, said the company remains adaptable to retail changes.
For the coming year Walmart expects revenue growth of 3.5% to 4.5%, Sam's Club net sales reach $23.8 billion, and the international segment grew, led by China and India.

History

Historical Context

The rise of e-commerce accelerated in 2015, highlighted by Amazon's aggressive expansion, which contributed to a 20% increase in online sales. In response, Walmart, generating $482 billion in revenue that year, began investing heavily in digital strategies, including acquiring Jet.com. This shift underscores a significant transformation in retail, emphasizing the importance of adaptability and innovation in consumer behavior.

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Amazon Surpasses Walmart

Amazon.com, Inc. surpassed Walmart Inc. in annual revenue for the first time, reporting 2025 revenue of $716.9 billion versus Walmart's $713.2 billion.
Walmart Inc. had held the top position for 13 years.
Amazon.com, Inc.'s growth stems from cloud computing and advertising, and includes faster delivery and expansion of physical stores.
Walmart Inc. is investing in AI and expanding its digital presence.

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