Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Business

Amazon set to pass Walmart in revenue for first time

by admin February 7, 2025
February 7, 2025
Amazon set to pass Walmart in revenue for first time

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

previous post
All Quiksilver, Billabong and Volcom stores to close in U.S.
next post
New US Interior Secretary Moves to Expand Alaska Energy Development

Related Posts

Elon Musk and investors offering $97.4 billion for...

February 12, 2025

Starbucks imposes new limits on what baristas can...

April 24, 2025

Plummeting stock, boycotts and flagging sales: What’s fueling turmoil for Tesla?

March 18, 2025

With Trump all-in on crypto, bitcoin bulls bet...

February 14, 2025

Dick’s Sporting Goods to buy struggling Foot Locker...

May 16, 2025

’60 Minutes’ producer leaves show, citing a loss...

April 24, 2025

Nvidia CEO Jensen Huang warns China is ‘not...

May 1, 2025

Home Depot earnings beat Wall Street estimates as...

February 27, 2025

Donatella Versace steps down as head of Italian...

March 14, 2025

Frontier Airlines proposes merging with fellow budget carrier...

February 3, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


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

    Recent

    • Ukraine and Russia begin large-scale prisoner exchange, source says

      May 24, 2025
    • In Gaza, limited food aid meets desperate crowds and looting

      May 24, 2025
    • Legendary Brazilian photographer Sebastião Salgado dead at 81

      May 24, 2025
    • At least 12 injured in hot air balloon crash in Mexico

      May 24, 2025
    • Several people sustain ‘life-threatening’ injuries in knife attack at Hamburg’s Central Station, police say

      May 24, 2025
    • ‘What was that bang?’ Footage captures sound of Titan sub’s implosion

      May 24, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.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 © 2025 crazyflux.com | All Rights Reserved