Amazon reported quarterly revenue of $187.8 billion earlier this month, while Walmart reported its own earnings Thursday afternoon, posting a top line of $180.5 billion. For what

Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking oil giant Exxon Mobil.

Walmart (WMT) injected gloom into the American economy by lowering its economic outlook for 2025, the retailer shared another notable statistic in its earnings report. According to the quarterly results,

Fueled by e-commerce growth and its cloud business, Amazon has surpassed Walmart in quarterly revenue for the first time, marking a major shift in retail.

Alibaba posted a 239% year-over-year jump in net profit in the final quarter of 2024, and Amazon’s quarterly revenue surpassed Walmart’s for the first time.