Amazon Seizes Fortune 500 Crown From Walmart, Ending a 13-Year Reign

Amazon has overtaken Walmart to claim No. 1 on the Fortune 500, ending Walmart’s 13-year run at the top. The shift reflects Amazon’s relentless reinvention—dominating e-commerce, powering profits through AWS, and pursuing bold AI investments—while Walmart has transformed into a tech-forward retailer with stronger online integration, advertising, and AI-enabled shopping. Despite Walmart’s roughly $713 billion in revenue and a market cap above $1 trillion, Amazon’s rapid growth and AWS profitability have propelled the shift, underscoring how the two giants increasingly compete across retail, cloud, and technology.