Amazon (AMZN) Tops Walmart With $716.9 Billion in Annual Revenue

We recently published an article titled 12 Best Retail Stocks to Buy According to Analysts.

On February 20, Amazon.com, Inc. (NASDAQ:AMZN) surpassed Walmart as the largest U.S. company by annual revenue, generating approximately $716.9 billion in sales compared to Walmart’s $713.2 billion for the comparable period.

On February 5, Amazon.com, Inc. (NASDAQ:AMZN) reported fourth-quarter 2025 worldwide revenue of $213.4 billion, representing 12% year-over-year growth excluding foreign exchange impacts. Operating income reached $25.0 billion, while trailing twelve-month free cash flow totaled $11.2 billion. Full-year operating cash flow increased 20% year over year to $139.5 billion. Momentum in artificial intelligence offerings accelerated, with Amazon Bedrock achieving a multibillion-dollar annualized revenue run rate and customer spending increasing 60% quarter over quarter. Developers utilizing Curo expanded by more than 150% sequentially, and agent-based products—including Curo, Quick for knowledge workers, and Frontier agents—demonstrated rapid adoption. The company plans approximately $200 billion in capital expenditures, primarily directed toward AWS infrastructure expansion.

Over the past 12 months, Amazon.com, Inc. (NASDAQ:AMZN) added approximately 3.99 gigawatts of power capacity, including more than one gigawatt in the fourth quarter, with management indicating that newly installed capacity is being monetized efficiently. Revenue leadership, accelerating AI monetization, and substantial infrastructure investment reinforce Amazon’s positioning across retail, cloud computing, and digital advertising, strengthening the long-term growth profile.

Founded in 1994 and headquartered in Seattle, Washington, Amazon.com, Inc. (NASDAQ:AMZN) is widely classified as an internet retail and consumer discretionary company, while also operating a leading cloud computing platform through AWS and a high-margin advertising business. Its diversified model and scale advantages support sustained competitive leadership.

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