"There is a new top dog in Corporate America. Walmart, long the largest U.S. company by revenue and No. 1 on the Fortune 500, was eclipsed for the first time by Amazon.com. Based on Q4 earnings reported Feb. 19, Amazon recorded $716.9 billion for 2025 and Walmart took in a notch less than that with $713.2 billion in revenue for the year, putting Amazon on top."
"Walmart initially was slow to realize how much e-commerce was going to change shopping and consumers' discernment of price and convenience, the very things that had allowed it to supplant Sears et al before. But under former CEO Doug McMillon, and new CEO Doug Furner, Walmart began a reinvention in 2014 not only of its way of doing business but of its culture too."
Amazon reported $716.9 billion in revenue for 2025, narrowly surpassing Walmart's $713.2 billion and making Amazon the largest U.S. company by revenue. Walmart had led the Fortune 500 for 13 consecutive years and 21 of the last 24 years. Amazon is expected to occupy the No. 1 spot on the next Fortune list, becoming the fourth company ever to lead alongside Exxon, General Motors, and Walmart. Walmart launched a reinvention beginning in 2014 under Doug McMillon and Doug Furner, shifting culture to tolerate measured failure, growing online sales 27% last quarter and retaining strength in grocery delivery. Both companies will expand competition into AI, streaming, and media services.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]