'most Successful Yet For Amazon': Walmart Has Topped The S&p 500 For 12 Years. This Month, Another E-commerce Giant Is Expected To Take Its Crown.

Walmart whitethorn personification generated nan astir gross of immoderate different institution successful nan S&P 500 for nan past 12 consecutive years, but different e-commerce elephantine is coming for its crown.

Amazon reported gross of $187.8 cardinal successful its latest nett merchandise for nan 4th 4th of 2024 aft marketplace adjacent connected Thursday, which is overmuch than nan $180 cardinal successful gross Walmart is projected to study for nan aforesaid 4th connected February 20, according to a Thursday study from CNBC.

If nan Walmart projection comes to pass, it would group nan first clip successful complete a decade that different institution has usurped Walmart arsenic nan apical revenue-generator connected nan S&P 500. In 2012, Walmart took nan apical spot from Exxon Mobil, per CNBC.

Related: Walmart Is Laying Off Hundreds, Relocating Others arsenic nan Company Closes a U.S. Office

"The picnic shopping play was nan astir successful yet for Amazon and we admit nan support of our customers, trading partners, and labour who helped make it so," Amazon CEO Andy Jassy stated successful nan nett release.

Amazon's online shopping business has skyrocketed since nan pandemic. The company's yearly income successful North America personification grown by overmuch than 100% since 2019, per CNBC.

Amazon's successful unreality business, Amazon Web Services (AWS), too contributed to its gross growth. Revenue successful nan conception has swelled successful nan past less years, expanding from $45.37 cardinal successful 2020 to astir double that amount, aliases $90.76 billion, successful 2023, according to Statista.

Amazon CEO Andy Jassy. Photographer: David Ryder/Bloomberg via Getty Images

In nan 3rd 4th of 2024, AWS gross accrued 19% year-over-year and contributed to 17% of afloat sales.

Amazon too deed a milestone for its gross for nan afloat twelvemonth of 2024. The institution crossed nan $600 cardinal group for nan first clip successful 2024 pinch a grounds gross of $638 billion.

In this measure, Amazon isn't expected to surpass Walmart, which is predicted to study full-year gross of $681 cardinal for 2024 and has already exceeded nan $600 cardinal group successful 2023 pinch gross of $611.3 billion.

Related: Top-Performing Walmart Managers Can Now Make $620,000 a Year