"Amazon.com Inc. has officially dethroned Walmart Inc. as the biggest global company by revenue, a milestone attesting to the massive scale the e-commerce and cloud-computing giant has achieved since its humble beginnings in 1994 as an online bookseller in Jeff Bezos' Seattle-area garage. Walmart, which had been the largest company by revenue for more than a decade, on Thursday reported sales of $713.2 billion for the 12 months ending Jan. 31."
"But the revenue story is more about Amazon's dominance in cloud computing, a business Walmart doesn't compete in. Without AWS, Amazon's 2025 revenue would have been $588 billion. So its ascendance rests largely on the importance of data centers as critical infrastructure in the age of artificial intelligence. This is a hollow victory, said Kirthi Kalyanam, executive director of the Retail Management Institute at Santa Clara University. Amazon didn't beat Walmart in the retail game."
Amazon surpassed Walmart as the largest global company by revenue in 2025, with $717 billion versus Walmart's $713.2 billion for the 12 months ending Jan. 31. Amazon's revenue growth over the past decade has far outpaced Walmart's, driven by the shift from in-store to online shopping and rapid expansion of Amazon Web Services. Amazon attracts about 2.7 billion website and app visits monthly. Walmart remains the world's largest physical retailer with more than 10,000 stores and shopping clubs and is improving its e-commerce capabilities. Without AWS, Amazon's 2025 revenue would have been $588 billion, underscoring the role of data centers in the AI era.
Read at www.mercurynews.com
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