• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Amazon set to pass Walmart in revenue for first time
Editor's Pick

Amazon set to pass Walmart in revenue for first time

by February 6, 2025
by February 6, 2025 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Amazon long ago passed Walmart in terms of market cap, but the e-commerce giant is finally poised to leapfrog its brick-and-mortar rival by another key metric: revenue.

For the past dozen years, Walmart held the distinction of being the top revenue generator each quarter. In 2012, it overtook oil giant Exxon Mobil, according to LSEG senior research analyst Tajinder Dhillon.

Walmart remained in the lead after oil prices tumbled in subsequent years from their previously lofty levels of more than $100 per barrel.

In its earnings release after the close of trading Thursday, Amazon is expected to report revenue of $187 billion, according to analysts surveyed by LSEG. Walmart reports on Feb. 20, and is projected to announce sales of $180 billion.

Walmart, which is often dubbed the world’s biggest retailer, in reference to its revenue, still leads the way when it comes to annual sales. The company has turned in more than $600 billion in sales in each of the past two years. That number is expected to reach nearly $681 billion for the latest fiscal year.

Amazon is catching up. Based on fourth-quarter estimates, Amazon’s full year revenue for 2024 will come in at around $638 billion, marking the first time it’s surpassed the $600 billion milestone.

One big reason Amazon has shot up the charts is its cloud business, Amazon Web Services. Revenue at AWS has more than doubled since 2020 and now accounts for about 17% of total sales.

The Covid pandemic also dramatically altered consumer behavior toward online shopping, which has helped Amazon’s annual North America sales increase more than 100% since 2019, the year before the pandemic.

Very few companies ever even reach $100 billion in revenue in a quarter. In addition to Walmart and Amazon, Apple has done so, but only during the holiday quarter, its key iPhone selling period. Last week, Apple reported revenue for the latest quarter of $124 billion.

The newest member of the exclusive $100 billion club is UnitedHealth, which saw its top line climb past that mark in the first quarter of last year and then again in the third and fourth quarters.

The two companies closest to joining the group, with a little bit of growth, are CVS Health and McKesson. CVS exceeded $95 billion in revenue in the September quarter, while McKesson hit $94 billion.

This post appeared first on NBC NEWS
You Might Also Like
  • Bitcoin approaches all-time high after surpassing $65,000
  • Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
  • Boeing strike ends after machinists approve new labor contract with 38% wage increases
  • Amazon makes first foray into live news with election night special hosted by Brian Williams
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Some tariff concessions from Canada and Mexico touted by Trump lack substance, experts say
next post
All Quiksilver, Billabong and Volcom stores to close in U.S.

You may also like

Shaking seats and piped-in fog: How 4DX is carving out...

May 29, 2024

U.S. autoworkers union seeks tough victory at Mercedes plant in...

May 14, 2024

YouTuber Mr Beast sued by Mr Beast Burger food delivery...

August 9, 2023

Sex, Signal messages and sabotage: SBF’s top execs and Bahamas...

October 9, 2023

Supreme Court Justice Samuel Alito sold Bud Light owner’s stock...

May 22, 2024

PSSI, slaughterhouse cleaning firm fined for child labor, replaces CEO...

April 6, 2023

JPMorgan Chase CEO Jamie Dimon on Trump tariffs: ‘Get over it’

January 23, 2025

An interest rate cut is coming. Here’s what to do...

August 10, 2024

Interest rates will likely start coming down this year —...

March 7, 2024

United Airlines will debut a new boarding order to save...

October 19, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    How a single failure can take...

    July 20, 2024

    Treasury Secretary Yellen announces $100M affordable...

    June 26, 2024

    Home prices soar even higher in...

    May 3, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here