Amazon surpasses Walmart in revenue for first time

Amazon surpasses Walmart in revenue for first time


Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center in New York City on Nov. 30, 2022.

Michael M. Santiago | Getty Images

Amazon has dethroned Walmart in quarterly revenue for the first time ever.

Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth quarter. That beat out Walmart’s sales for the period, which came in at $180.5 billion, the company reported on Thursday.

Since 2012, Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking oil giant Exxon Mobil.

Walmart still leads the way in annual sales, though Amazon is gaining ground. Walmart is projected to reel in $708.7 billion in the fiscal year ahead while Amazon’s full year revenue for 2025 is expected to reach $700.8 billion, according to FactSet.

Amazon’s core retail unit remains its biggest revenue generator, but its top line is also being fueled by its massive cloud computing, advertising and seller services businesses. Third-party seller services, which includes commissions and fees collected by Amazon on fulfillment and shipping, advertising and customer support, accounted for 24.5% of the company’s total sales last year. Amazon Web Services was responsible for nearly 17%.

Walmart has looked to its chief rival for ways to sustain sales growth. The company operates a third-party marketplace and offers sellers fulfillment services, although both businesses are a fraction of the size of Amazon’s. Walmart has also launched an advertising business and a loyalty program for shoppers, called Walmart+, that competes with Amazon Prime.

— CNBC’s Robert Hum contributed to this report.

WATCH: Walmart earnings still support bull thesis, says UBS’ Michael Lasser

Walmart earnings still support bull thesis, says UBS' Michael Lasser



Source

India says US trade negotiations are still going on as fresh tariffs loom
World

India says US trade negotiations are still going on as fresh tariffs loom

Dr. Subrahmanyam Jaishankar, Indian Minister of External Affairs at the World Trade Center on June 30, 2025 in New York City. Roy Rochlin | Getty Images Entertainment | Getty Images India’s foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days […]

Read More
Inside billionaire Lucy Guo’s intense daily routine: 5:30 a.m. wake-ups, double gym sessions, and no lunch breaks
World

Inside billionaire Lucy Guo’s intense daily routine: 5:30 a.m. wake-ups, double gym sessions, and no lunch breaks

Lucy Guo, founder and CEO of Passes. Passes Lucy Guo might be a billionaire, but instead of a life of luxury and comfort, she swears by a relentless work ethic and strict daily routine. At just 30 years old, the California-born-and-raised entrepreneur has achieved what many will spend their lifetimes chasing. In April, Guo’s net […]

Read More
Spain’s economy keeps growing — why is the country doing so well?
World

Spain’s economy keeps growing — why is the country doing so well?

Tourists take photos as they visit the Sagrada Familia basilica in Barcelona, on August 2, 2025. (Photo by Manaure QUINTERO / AFP) (Photo by MANAURE QUINTERO/AFP via Getty Images) Manaure Quintero | Afp | Getty Images Spain’s booming economy is outpacing its European neighbors as tourism, foreign investment and immigration helps fuel growth. The southern […]

Read More