Amazon May Soon Top the S&P 500, Surpass Walmart in Revenue | Entrepreneur

Walmart may have brought the largest income from any other company in S&P 500 over the past 12 years in a row, but another giant of e -commerce will come for its crown.

Amazon announced revenue in the amount of 187.8 billion dollars. The United States in its last issue arrived for the fourth quarter of 2024 after the market closing on Thursday, which is more than 180 billion dollars of Walmart income, it is predicted that on the same quarter on February 20, according to the report of Thursday from CNBC.

If the Walmart projection occurs, then for the first time in a decade it is noted that another company usurped Walmart as the best income generator in S&P 500. In 2012, Walmart took first place from Exxon Mobil, Percscc.

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“The festive purchase season was the most successful for Amazon, and we appreciate the support of our customers, sales partners and employees who helped to do this,” said Amazon Director General Andy Jacius, CEO of Amazon, Andy Dzhasi CEO.

Since the pandemic Amazon, shopping has taken off. The company’s annual sales in North America have grown by more than 100% since 2019, according to CNBC.

The successful cloud business of Amazon, Amazon Web Services (AWS), also contributed to the growth of income. According to the statist, the revenue in the division has increased over the past few years, it grew from $ 45.37 billion in 2020, almost half the amount, or $ 90.76 billion. USA, in 2023.

^{CEO of Amazon Andy Jasi. Photographer: David Ryder/Bloomberg via Getty Images}

In the third quarter of 2024, AWS revenues increased by 19% compared to last year and facilitated 17% of the total sales.

Amazon also received a milestone for her income throughout the year in 2024. The company first crossed $ 600 billion with a record income of $ 638 billion.

In this regard, Amazon does not expect to surpass Walmart, which, as predicts, will inform about the revenue for the whole year in the amount of 681 billion US dollars for 2024 and has already exceeded $ 600 billion in 2023 with an income of $ 611.3 billion.

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