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Fortune

Sheryl Estrada

Amazon surpasses Walmart as the largest company by revenue in the U.S. as retail’s tech era takes hold

Walmart Amazon John David Rainey

The Amazon logo seen displayed on a smartphone screen with a graph in the background. (Credit: Getty Images)

Good morning. Amazon is poised to take Walmart’s top spot in what has become a contest between two tech-enabled giants.

After Walmart reported a record $713.2 billion in fiscal-year revenue on Thursday, Amazon edged past it with $716.9 billion for 2025—positioning the Seattle-based company to debut at No. 1 on the next Fortune 500 ranking, set for release in June.

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