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Amazon Surpasses Walmart as America's Top Revenue Giant

2/23/2026

43 7 Full Breakdown

Summary

Story summary

Amazon.com, Inc. surpassed Walmart, Inc. to become the largest U.S. company by revenue in 2025, reporting $717 billion in sales.
Walmart, Inc.'s earnings growth is slowing, while Amazon Web Services grew 24% in the last quarter.
Walmart, Inc. trades at 45 times fiscal 2027 earnings, while Amazon.com, Inc. trades at 26 times.
Both companies invest in AI, but Amazon's deeper infrastructure involvement may give it a long-term edge.

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Story summary

Amazon.com, Inc. surpassed Walmart, Inc. to become the largest U.S. company by revenue in 2025, reporting $717 billion in sales.
Walmart, Inc.'s earnings growth is slowing, while Amazon Web Services grew 24% in the last quarter.
Walmart, Inc. trades at 45 times fiscal 2027 earnings, while Amazon.com, Inc. trades at 26 times.
Both companies invest in AI, but Amazon's deeper infrastructure involvement may give it a long-term edge.