Walmart may have generated the most revenue of any other company in the S&P 500 for the past 12 consecutive years, but another e-commerce giant is coming for its crown.
Amazon reported revenue of $187.8 billion in its latest earnings release for the fourth quarter of 2024 after market close on Thursday, which is more than the $180 billion in revenue Walmart is projected to report for the same quarter on February 20, according to a Thursday report from CNBC.
If the Walmart projection comes to pass, it would mark the first time in over a decade that another company has usurped Walmart as the top revenue-generator on the S&P 500.
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