NEW YORK — Walmart has been knocked from the top spot on the Fortune 500 for the first time in 13 years. The Bentonville, Ark.-based retailer now trails the new No. 1, Amazon, in the latest rankings of the largest U.S. companies by revenue.
Amazon becomes just the fourth company atop the Fortune 500 in the list’s 72-year history, after General Motors, ExxonMobil and Walmart. General Motors is no longer among the top 10. ExxonMobil is No. 9 in the latest ranking.
Seattle-based Amazon posted sales of $717 billion in sales in 2025 compared to the $713.2 billion reported by Walmart for its fiscal year ended January 31. Both companies generate most of their revenue in the United States.
Walmart is the largest physical retailer in the world, with more than 10,000 stores and clubs worldwide. Amazon is the biggest online retailer, with its website and mobile apps attracting 2.7 billion visits each month. Amazon’s rise owes largely to the strength of its cloud-computing unit, Amazon Web Services (AWS), a business that Walmart doesn’t operate in.
The new top 10:
• Amazon
• Walmart
• UnitedHealth Group
• Apple
• Alphabet
• CVS Health
• Berkshire Hathaway
• McKesson
• ExxonMobil
• Cencora
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