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Amazon Tops Fortune 500, Ending Walmart's 13-Year Lead

businessJun 5, 2026·270 words·3 min read

Amazon has overtaken Walmart to become the No. 1 company on the Fortune 500 list, ending Walmart's 13-year run as America's largest company by revenue. In fiscal year 2025, Amazon earned about $716.9 billion, just ahead of Walmart's $713.2 billion. UnitedHealth Group came in third with $447.6 billion. The new ranking will be published in June 2026. It is only the fourth time a company has reached the top in the list's 72-year history.

Amazon and Walmart grew in very different ways. Amazon's sales grew about 12% last year. Walmart's grew only 5%. Amazon Web Services (AWS) is Amazon's cloud business. It lets other firms use Amazon's computers online. AWS made nearly $129 billion in 2025. AWS gave Amazon more than half of its profit. Amazon's ad business added over $68 billion. Walmart started in 1962 in Arkansas. It still depends on its stores. But former boss Doug McMillon grew online sales to $120 billion a year.

For Amazon's boss Andy Jassy, this is a big moment. Amazon plans to spend up to $200 billion in 2026. The money will go to artificial intelligence (AI), chips, robots, and small space satellites. Jassy also cut about 30,000 jobs. Walmart's new boss is John Furner. Walmart is unlikely to be first again soon. But Walmart's share price has gone up about 167% in five years. It is now worth over $1 trillion.

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