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Amazon dethrones Walmart as biggest company by sales

Los Angeles Times

|

February 20, 2026

E-commerce giant has edge over competitor by holding dominance in cloud computing.

- By SPENCER SOPER

Amazon dethrones Walmart as biggest company by sales

A PRIME AIR jet awaits cargo at the company's San Bernardino air hub in July.

(LUKE JOHNSON Los Angeles Times)

Amazon.com Inc. has officially dethroned Walmart Inc. as the biggest global company by revenue, a milestone attesting to the massive scale the e-commerce and cloud-computing giant has achieved since its humble beginnings in 1994 as an online bookseller in Jeff Bezos' Seattle-area garage.

Walmart, which had been the largest company by revenue for more than a decade, on Thursday reported sales of $713.2 billion for the 12 months ending Jan. 31. Amazon, which operates on a fiscal year ending in December, earlier this month reported 2025 sales of $717 billion.

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