Walmart’s biggest rival Amazon has beaten it as the world’s No 1 company by sales, but why it really need not ‘worry much’ over this

Amazon has officially overtaken Walmart as the world’s largest company by revenue. In 2025, the e-commerce major reported $717 billion in sales, compared to Walmart’s $713.2 billion for the 12 months ending January 31. The shift ends more than a decade of Walmart holding the top position. However, analysts note that the comparison requires context: without Amazon Web Services, its cloud computing division, Amazon’s 2025 revenue would have stood at $588 billion, meaning the milestone rests largely on a business Walmart does not compete in. Walmart remains the largest physical retailer in the world, with more than 10,000 stores globally, and continues to hold an edge in brick-and-mortar retail while growing its e-commerce operations, an area where Amazon has struggled to establish a comparable physical presence despite its 2017 acquisition of Whole Foods Market.