Amazon reported $717 billion in annual sales, edging out Walmart’s $713 billion and ending Walmart’s 13-year run at the top.

Amazon dethroned Walmart as the world’s top company based on their respective sales in 2025 after 13 years of the Bentonville, Ark., company surpassing its competition. Walmart on Thursday reported its annual revenue of $713.

Walmart (WMT) traded lower in early action on Thursday as investors assessed the retail giant's fourth-quarter earnings report that covered the holiday period. Comparable sales in the U.S. rose 4.6% to match the consensus estimate.

Amazon has officially overtaken Walmart to become the company with the highest annual revenue, marking a significant shift in the global retail landscape. In its latest fiscal report, Walmart posted $713.