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Amazon Com vs Walmart: revenue, profit, margins and growth compared

Amazon Com brought in $716.9B of revenue in fiscal 2025, Walmart $713.2B in fiscal 2026. Revenue changed by +12.4% at Amazon Com and +4.7% at Walmart on the year before, so Amazon Com grew faster. Amazon Com kept 10.8% of its revenue as net profit, Walmart 3.1%. Free cash flow was $7.7B at Amazon Com and $14.9B at Walmart.

Side by side, latest fiscal year

AMZNWMT
Fiscal year endedFY2025 (December 31, 2025)FY2026 (January 31, 2026)
Revenue$716.9B$713.2B
Revenue growth+12.4%+4.7%
Net income$77.7B$21.9B
Net margin10.8%3.1%
Free cash flow$7.7B$14.9B
Free cash flow margin1.1%2.1%
Earnings per share (diluted)$7.17$2.73
Cash$86.8B$10.7B
Debt$68.8B$38.2B
Price to earnings34.839.5
Market value$2.69T$859.3B
Dividend yieldn/a0.87%
Rank by revenue in sector#1 of 778 · Consumer discretionary#2 of 778 · Consumer discretionary

Over the years

Revenue
AMZN FY2018: $232.9BAMZN FY2019: $280.5BAMZN FY2020: $386.1BAMZN FY2021: $469.8BAMZN FY2022: $514BAMZN FY2023: $574.8BAMZN FY2024: $638BAMZN FY2025: $716.9BWMT FY2019: $514.4BWMT FY2020: $524BWMT FY2021: $559.2BWMT FY2022: $572.8BWMT FY2023: $611.3BWMT FY2024: $648.1BWMT FY2025: $681BWMT FY2026: $713.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMZN $716.9BWMT $713.2B
Net income
AMZN FY2018: $10.1BAMZN FY2019: $11.6BAMZN FY2020: $21.3BAMZN FY2021: $33.4BAMZN FY2022: -$2.7BAMZN FY2023: $30.4BAMZN FY2024: $59.2BAMZN FY2025: $77.7BWMT FY2019: $6.7BWMT FY2020: $14.9BWMT FY2021: $13.5BWMT FY2022: $13.7BWMT FY2023: $11.7BWMT FY2024: $15.5BWMT FY2025: $19.4BWMT FY2026: $21.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMZN $77.7BWMT $21.9B
Net margin
AMZN FY2018: 4.3%AMZN FY2019: 4.1%AMZN FY2020: 5.5%AMZN FY2021: 7.1%AMZN FY2022: -0.5%AMZN FY2023: 5.3%AMZN FY2024: 9.3%AMZN FY2025: 10.8%WMT FY2019: 1.3%WMT FY2020: 2.8%WMT FY2021: 2.4%WMT FY2022: 2.4%WMT FY2023: 1.9%WMT FY2024: 2.4%WMT FY2025: 2.9%WMT FY2026: 3.1%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AMZN 10.8%WMT 3.1%
Revenue growth
AMZN FY2019: +20.5%AMZN FY2020: +37.6%AMZN FY2021: +21.7%AMZN FY2022: +9.4%AMZN FY2023: +11.8%AMZN FY2024: +11.0%AMZN FY2025: +12.4%WMT FY2020: +1.9%WMT FY2021: +6.7%WMT FY2022: +2.4%WMT FY2023: +6.7%WMT FY2024: +6.0%WMT FY2025: +5.1%WMT FY2026: +4.7%FY19FY20FY21FY22FY23FY24FY25FY26
AMZN +12.4%WMT +4.7%
Free cash flow
AMZN FY2018: $17.3BAMZN FY2019: $21.7BAMZN FY2020: $25.9BAMZN FY2021: -$14.7BAMZN FY2022: -$16.9BAMZN FY2023: $32.2BAMZN FY2024: $32.9BAMZN FY2025: $7.7BWMT FY2019: $17.4BWMT FY2020: $14.6BWMT FY2021: $25.8BWMT FY2022: $11.1BWMT FY2023: $12BWMT FY2024: $15.1BWMT FY2025: $12.7BWMT FY2026: $14.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMZN $7.7BWMT $14.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Amazon Com and Walmart

Which is bigger by revenue, Amazon Com or Walmart?

Amazon Com is bigger by revenue: $716.9B in fiscal 2025, against $713.2B for Walmart in fiscal 2026.

Which keeps more of its revenue as profit, Amazon Com or Walmart?

Amazon Com had a net margin of 10.8% in fiscal 2025; Walmart had 3.1% in fiscal 2026.

Which grew revenue faster, Amazon Com or Walmart?

In their latest fiscal years revenue changed by +12.4% at Amazon Com and +4.7% at Walmart.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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