Amazon has overtaken Walmart as the largest retailer in the United States by revenue [1, 2].
This shift marks a significant transition in the American retail landscape, signaling the dominance of e-commerce integrated services over traditional brick-and-mortar scale.
For the 2025 fiscal year, Amazon reported revenue of $717 billion [1]. This figure places the company ahead of Walmart, whose revenue for the same period was approximately $3.7 billion lower than Amazon's [2].
Analysts said this growth is due to Amazon's expansion into higher-margin business sectors. Specifically, the company has seen increased revenue from its membership services and advertising arms [2]. These diversified income streams have allowed Amazon to scale its total earnings beyond the reach of the physical retail giant.
Walmart has long held the title of the nation's largest company by revenue, relying on its vast network of supercenters and grocery stores. However, the gap between the two companies has closed as digital shopping habits evolve across the U.S. [1, 2].
The revenue difference of $3.7 billion represents a narrow margin in the context of total corporate earnings, but it establishes a new hierarchy in the retail sector [2].
“Amazon reported revenue of $717 billion”
The transition of the top retail spot from Walmart to Amazon reflects a broader economic pivot toward a hybrid ecosystem where advertising and subscription services subsidize retail growth. While Walmart maintains a massive physical footprint, Amazon's ability to monetize its platform through non-retail channels has created a new blueprint for scale in the modern economy.
