Amazon overtakes Walmart as the world's biggest company by revenue

Aug 20, 2026

Amazon has ended Walmart's decade-long run at the top of the global revenue rankings, and the wider list shows just how dominant American and Chinese giants remain.

  • Amazon and Walmart are almost tied on yearly sales, but Amazon edged ahead and makes far more profit.
  • Half of the world's 30 biggest companies by revenue are American, and seven of them sit in the top 10.
  • China's State Grid ranks third — the biggest state-owned company on earth — with three more Chinese energy and construction giants in the top 30.
  • Saudi Aramco is the largest company across Europe, the Middle East and Africa.
  • Taiwan has just one company on the list: Hon Hai, at number 23.

Outlook: Amazon's lead is thin enough that Walmart could take the crown back next year, but the US-China split at the top looks locked in.

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