Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Business

Amazon surpasses Walmart in revenue for the first time

by February 21, 2025
February 21, 2025
Amazon surpasses Walmart in revenue for the first time

Amazon has dethroned Walmart in quarterly revenue for the first time ever.

Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth quarter. That beat Walmart’s sales for the period, which came in at $180.5 billion, the company reported on Thursday.

Since 2012, Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking oil giant Exxon Mobil.

Walmart still leads the way in annual sales, though Amazon is gaining ground. Walmart is projected to reel in $708.7 billion in the fiscal year ahead while Amazon’s full-year revenue for 2025 is expected to reach $700.8 billion, according to FactSet.

Amazon’s core retail unit remains its biggest revenue generator, but its top line is also being fueled by its massive cloud computing, advertising and seller services businesses. Third-party seller services, which includes commissions and fees collected by Amazon on fulfillment and shipping, advertising and customer support, accounted for 24.5% of the company’s total sales last year. Amazon Web Services was responsible for nearly 17%.

Walmart has looked to its chief rival for ways to sustain sales growth. The company operates a third-party marketplace and offers sellers fulfillment services, although both businesses are a fraction of the size of Amazon’s. Walmart has also launched an advertising business and a loyalty program for shoppers, called Walmart+, that competes with Amazon Prime.

— CNBC’s Robert Hum contributed to this report.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
IperionX Announces US$47.1 Million Titanium Deal with US Department of Defense
next post
Berlin police searching for suspect after Holocaust memorial incident

You may also like

X sees major outages as Musk claims ‘massive...

UPS shares tank 15% after weak guidance, plan...

Krispy Kreme stock plunges after doughnut chain pauses...

Comcast and Harris Blitzer to build NBA, NHL...

MSNBC President Rashida Jones steps down after four-year...

Biden blocks Japan’s Nippon Steel from $15 billion...

Inside the $1 billion berry startup backed by...

Amazon taps Whole Foods CEO to oversee grocery...

Donatella Versace steps down as head of Italian...

GM lays off 1,000 employees amid reorganization and...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • Vance says India-Pakistan conflict ‘none of our business’ as Trump offers US...

    • Trump pushes tax hikes for wealthy as ‘big, beautiful bill’ deadline looms

    • US and other allies of Ukraine pile pressure on Putin, threatening fresh sanctions if he refuses 30-day truce

    • OpenAI’s Sam Altman thanks Sen John Fetterman for ‘normalizing hoodies’

    • Former Supreme Court Justice David Souter dead at 85

    Categories

    • Business (439)
    • Investing (2,068)
    • Politics (3,425)
    • Uncategorized (1)
    • World (2,186)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.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 uniquecryptostrategies.com | All Rights Reserved


    Back To Top