"Depending on the source, Walmart ( NYSE: WMT | WMT Price Prediction) has ranked as the largest company in the US based on the Fortune 500 for either 13 or 14 consecutive years. It has about 4,600 locations in the US, including Supercenters, discount stores, and Sam's Club locations. It is the largest private employer, with 1.6 million employees. Part of its revenue also comes from overseas, where it has another 500,000 workers."
"Amazon ( NASDAQ: AMZN) ranked as the No. 1 company last year, with revenue of $717, due to markedly different growth rates. Walmart's annual increase is approximately 5%, and Amazon's is approximately 14%. The Amazon number is based on its calendar fiscal. The changes in positions on the list are not simply that a new company will take the top position. There is a changing of the guard in American business, which has been underway for a decade."
Walmart operates about 4,600 U.S. locations, including Supercenters, discount stores, and Sam's Club, and is the largest private U.S. employer with 1.6 million employees plus roughly 500,000 overseas. Annual revenue reached about $690 billion in the most recent fiscal year. Amazon reported higher revenue (about $717 billion) and faster annual growth (~14% versus Walmart's ~5%), and Amazon's e-commerce revenue was roughly $575 billion worldwide in 2025. Market capitalization also differs markedly, with Amazon near $2.1 trillion and Walmart around $1.1 trillion. Walmart's brick-and-mortar focus limits its growth to retail category rates, while Amazon's online model and diversification enable broader expansion.
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