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Amazon takes the top spot on Fortune’s Global 500 list, ending Walmart’s 12-year run
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jul 29, 11:08 PM EDT

Amazon takes the top spot on Fortune’s Global 500 list, ending Walmart’s 12-year run

In Fortune’s annual ranking of the world’s largest companies by revenue, Amazon moved to No. 1, breaking Walmart’s 12-year streak at the summit, according to a Yahoo Finance segment discussing the 2025 Fortune Global 500.

By The Apex Times Newsroom2 min readAI-assisted Apex article

Amazon has topped Fortune’s Global 500 list for the year covered in Fortune’s 2025 edition, ending Walmart’s 12-year run at No. 1, according to a Yahoo Finance video segment released July 28.

The Fortune Global 500 is an annual ranking of the world’s largest companies by revenue. In the discussion, Yahoo Finance editors focused on what the shift in the top position indicates about how the largest retailers and platforms are evolving, with Amazon moving ahead of Walmart after years of the Arkansas-based retailer leading the tally.

Walmart had been the top company on the Fortune Global 500 for 12 consecutive years, the segment noted, a streak that underscored how scale and retail revenue helped cement its position at the top of the ranking. The new order places Amazon first, reflecting the breadth of its business model that extends beyond e-commerce into services and cloud computing.

The segment featured Fortune editor-in-chief Alyson Shontell speaking with Yahoo Finance Executive Editor Brian Sozzi on Fortune’s 2025 Global 500 results. While the post frames the top-line change as a headline event, it does not provide, in the text available here, a full breakdown of revenue figures or the margins driving the reordering.

For investors and business watchers, the Global 500 ranking is less about daily operating momentum and more about demonstrated revenue scale across the world. A change at the very top typically invites scrutiny of which segments are growing fastest and how quickly earnings power is translating into reported revenue.

Amazon’s ascent is also notable in the context of how retail competition has increasingly blurred with technology and logistics. Amazon operates large-scale fulfillment networks and also sells business services, while Walmart’s core strength remains its physical store footprint and supply chain execution. The shift does not by itself prove which company is “winning” across all metrics, but it does indicate which operator logged the most revenue in the period reflected by the ranking.

The post also does not disclose additional details that might explain the reordering more mechanically, such as the exact revenue totals for Amazon and Walmart, the year-over-year changes for each, or whether currency movements influenced the reported totals. Those figures, if needed for a deeper comparison, would typically be found in Fortune’s methodology and the accompanying company-by-company tables.

What to watch next is whether both companies’ reported performance, particularly any updates to segment revenue and growth, aligns with the ranking shift in the way markets anticipate. Another key item will be how Fortune’s 2026 Global 500 results further validate whether Amazon’s leadership represents a sustained turn or a one-time change driven by the ranking’s revenue snapshot.

Why It Matters

  • A leadership change at the top of a revenue-based global ranking can highlight which business models are currently producing the largest dollar-scale sales.
  • Because the Global 500 is widely cited, the result may shape how executives and analysts talk about retail versus platform-and-services growth.
  • The shift underscores the intensifying overlap between retail scale and technology services that can affect revenue composition across major multinationals.
  • The lack of disclosed figures in the post means observers will likely rely on Fortune’s tables and methodology for a precise apples-to-apples comparison between Amazon and Walmart.

Sources

Key Facts

  • Amazon moved to No. 1 on Fortune’s Global 500 list in the 2025 edition, according to a July 28 Yahoo Finance segment.
  • The change ended Walmart’s 12-year streak as the No. 1 company on the ranking.
  • Fortune’s Global 500 is a yearly list of the world’s largest companies ranked by revenue.
  • The July 28 segment included Fortune editor-in-chief Alyson Shontell and Yahoo Finance Executive Editor Brian Sozzi.
  • The available material does not include the specific revenue totals or detailed segment drivers behind the ranking change.

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Amazon takes the top spot on Fortune’s Global 500 list, ending Walmart’s 12-year run | The Apex Times