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Amazon Overtakes Walmart as Fortune 500's Top Company

businessJun 5, 2026·351 words·3 min read

Amazon overtook Walmart to claim the No. 1 spot on the Fortune 500, ending the retailer's 13-year reign as America's largest company by revenue. According to figures from fiscal year 2025, Amazon recorded roughly $716.9 billion in revenue, narrowly surpassing Walmart's $713.2 billion. UnitedHealth Group ranked third with $447.6 billion. The new ranking, scheduled for publication in June 2026, marks only the fourth time a company has topped the Fortune 500 in its 72-year history, joining Walmart, Exxon Mobil, and General Motors.

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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