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Feb 20, 2026 4:00 AM

Amazon Edges Past Walmart To Take Fortune 500 Crown For The First Time In 13 Years

Amazon.com (NASDAQ:AMZN) has overtaken Walmart Inc. (NYSE:WMT) to secure the top spot in the Fortune 500 list for the first time in 13 years.

Walmart’s total revenue for the recently concluded fiscal year was $713.2 billion, marking a 4.7% increase from the previous year. However, this was marginally less than Amazon’s full-year revenue of $716.9 billion, reported two weeks ago.

The Fortune 500 list with Amazon at the top is scheduled for release in early June, barring any unexpected developments.  

Amazon's Retail Strategy Pivot

Amazon’s rise to the top of the Fortune 500 list can be traced back to strategic decisions made in recent years. In January 2026, Amazon decided to scrap its Amazon Fresh and Amazon Go initiatives, freeing up capital for more profitable ventures like Whole Foods and bringing the fight directly not only to Walmart but also  Target