Amazon surpasses Walmart in quarterly revenue for the first time

Amazon has surpassed Walmart in quarterly revenue for the first time. In the last three months of 2024, Amazon reported $187.8 billion, exceeding Walmart's $180.6 billion. This marks a significant shift in their revenue standings. Amazon's growth was driven by a strong holiday season and cloud services, which contributed $28.8 billion. Walmart continues to face challenges with high costs related to its physical stores, despite its efforts in eCommerce and third-party marketplaces. Looking ahead, projections for 2025 show Walmart expected to generate $708.7 billion, slightly ahead of Amazon's $700.8 billion forecast. The competition between the two companies is likely to continue.