Amazon has moved ahead of Walmart on Fortune’s 2026 global revenue ranking, ending a 12-year stretch in which the retail giant held the top position. The annual list tracks the world’s biggest companies by revenue, and this year Amazon claimed the No. 1 spot.
The shift marks a notable moment in the long-running competition between two of the largest names in retail and e-commerce. Walmart had remained at the top of the revenue ranking for more than a decade, but Amazon has now taken over as the world’s biggest company by revenue on Fortune’s latest list.
The new ranking underscores Amazon’s scale as it continues to expand far beyond online shopping. It also highlights how closely watched the Fortune revenue list remains as a benchmark for corporate size and global business influence.
For Walmart, the change ends one of the most durable runs at the top of the annual ranking. For Amazon, it adds another milestone as Jeff Bezos’ company reaches the highest position on one of the best-known global business lists.
