Amazon reported a record-breaking revenue of $187.8 billion for Q4 2024, indicating a shift in competition as Walmart is projected to report $180 billion. This would mark the first time in over ten years that Walmart is not the top revenue-generating company in the S&P 500, after previously taking the lead from Exxon Mobil in 2012. Notably, Amazon's sales have surged over 100% since 2019 due to increased e-commerce interests and a robust AWS segment, which doubled its revenue since 2020, bolstering its overall financial performance.
Walmart's projected revenue of $180 billion for the fourth quarter of 2024 would mark a significant shift, as Amazon's $187.8 billion signals a competitive rivalry.
Amazon's annual North America sales have more than doubled since 2019, with its e-commerce and AWS segments driving unprecedented revenue growth and market presence.
Collection
[
|
...
]