Amazon Tops Fortune 500 for First Time in 13 Years, Overtaking Walmart

As of June 3, 2026, Amazon has been ranked No. 1 on the Fortune 500 list based on fiscal 2025 results, displacing Walmart after its 13-year reign at the top. The milestone reflects Amazon's $700 billion in 2025 revenue, up 12% year-over-year, fueled by robust Q1 performance including $181.5 billion in sales and $23.9 billion in operating income. Accelerating AWS growth of 28% and broader tech sector strength further underscore Amazon's expanding market leadership, though the company also executed significant workforce reductions totaling 30,000 positions.