Key Points
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Walmart’s fiscal year 2026 revenue reached $713.2 billion, falling short of Amazon’s $716.9 billion.
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Walmart’s revenue grew by 4.7% year-over-year, compared to Amazon’s 12.4% growth.
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Walmart’s membership and advertising businesses are contributing to higher-margin income, with Walmart Connect reporting 41% year-over-year revenue growth.
Walmart (NASDAQ: WMT) has reported its fiscal year 2026 revenue of $713.2 billion, a decrease of approximately $3.7 billion compared to Amazon’s $716.9 billion. For the first time since 2009, Walmart is no longer the highest-revenue-generating company, as Amazon outperformed it in revenue growth with a 12.4% increase.
In addition to retail sales, Walmart is gaining ground in higher-margin areas, including its Walmart+ membership service and Walmart Connect advertising platform. Walmart’s Connect segment is its fastest-growing unit, demonstrating a significant year-over-year growth of 41%. The company is also expanding same-day delivery services to cover around 95% of the U.S., leveraging its extensive store network for fulfillment.
