In a significant shift for the American business landscape, Amazon has officially surpassed Walmart to become the top-ranked company on the Fortune 500 list. For the first time in 13 years, Walmart has lost its position as the largest corporation in the United States based on total revenue.
The 2026 rankings reveal a narrow but decisive lead for the e-commerce giant. According to earnings data released in February, Amazon closed the fourth quarter with annual revenues of $716.9 billion, edging out Walmart, which recorded $713.2 billion for its most recent fiscal year.
This achievement marks a historic climb for Amazon, which debuted on the list more than two decades ago at number 492. Matt Heimer, Executive Editor at Fortune, highlighted the rarity of this milestone, noting that only four companies have ever held the number one spot in the list's 72-year history. He emphasized that succeeding at such a massive scale requires the trust of millions of consumers.
While Amazon celebrates its ascent, other Arkansas-based businesses experienced a decline in their standings. Tyson Foods fell two spots to number 87, Murphy USA dropped 32 places to number 263, and J.B. Hunt Transport Services slipped 23 spots to number 371.
The current top ten companies on the Fortune 500 list are:
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