- Amazon’s most recent quarterly revenues were $ 8 billion higher than Walmart
- Solid Holiday Season 2024 Performance increases Amazon figures
- Walmart continues to fight with the high costs of physical stores
It could be the fourth most valuable company in the world, with a market capitalization of $ 2.36 billion, but Amazon has never been able to reach Walmart’s quarterly income levels, until now.
In the three months that end on December 31, 2024, Amazon reported an increase of 10% year after year in revenues to $ 187.8 billion, which puts it ahead of Walmart ($ 180.6 billion) for the first time.
This despite the fact that the electronic commerce platform is about three times larger than Walmart, which has an assessment of $ 780.92 billion.
Amazon vs Walmart
Despite the historical moment, the projections by 2025 suggest that the two companies could be fighting in the coming months. The full projection of the Fiscal Year of Walmart is $ 708.7 billion, only a small jump before the prediction of $ 700.8 for Amazon.
Speaking about its gains launch, the Amazon CEO, Andy Jassy, thanked the most successful Christmas season so far due to strong growth. The developments in the cloud within AWS also supported the company’s revenues, acting for $ 28.8 billion, or about 15% of the complete revenues.
The Walmart CEO, Doug McMillon, said that “low prices, a growing assortment and an electronic commerce business driven by faster delivery times” were responsible for solid results.
However, although Walmart may have expanded to third -party markets, compliance and advertising services, its main business remains focused on purchases in person and maintain physical stores is expensive due to the increase in wages and other expenses.
To put the income of the two companies in perspective and highlight what is at stake, Apple, the most valuable company in the world and one of the three with a market capitalization of $ 3 billion+, recorded quarterly revenues of $ 124.3 billion. Nvidia, the second most valuable company, registered $ 35.1 billion and Microsoft, in position three, registered $ 69.6 billion.
