Amazon Set to Overtake Walmart for 1st Time

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Amazon is on track to overtake Walmart in quarterly revenue for the first time, marking a major shift in retail dominance. Analysts surveyed by LSEG expect Amazon to report $187 billion in revenue for its latest quarter, surpassing Walmart’s projected $180 billion when it announces earnings on Feb. 20. While Walmart remains the global leader in annual revenue, Amazon’s rapid growth—driven by its booming cloud business and surging e-commerce sales—has helped it reach an estimated $638 billion in yearly revenue, surpassing the $600 billion milestone for the first time.