Amazon vs. Walmart: Retail Giants Compete in 2025
In 2025, Walmart (NYSE: WMT) outperformed Amazon (NASDAQ: AMZN), with its shares rising over 25% while Amazon’s increased modestly. Notably, Walmart’s position as the largest grocer in the U.S. has made it a more defensively positioned retailer, especially during economic fluctuations.
Amazon continues to leverage artificial intelligence and robotics to enhance its e-commerce capabilities, operating over 1 million robots in its fulfillment centers. This efficiency contributed to an 11% increase in North American revenue with a 28% rise in adjusted operating income. Despite this, Walmart’s e-commerce revenue has grown by over 20% for seven consecutive quarters, driven in part by its Walmart+ membership program.
Valuation-wise, Amazon trades at a forward price-to-earnings (P/E) ratio of approximately 29, while Walmart stands at over 38.5. Analysts suggest Amazon may be a strong investment opportunity for growth in 2026 due to its expansive cloud services and operational efficiencies.
