Amazon Surpasses Walmart with $717B Revenue While Allocating $200B to AI
AMZN•Amazon plans $200B in AI-focused capital expenditures for 2026, driving AWS revenue to $129B as AWS grew 28% year-over-year. Total 2025 revenue reached $717B (12% growth), dethroning Walmart’s 13-year lead, while Amazon joins peers investing in a collective $700B AI infrastructure push.
1. AI Investment and Capital Expenditure
Amazon plans $200B in AI-focused capital expenditures for 2026, contributing to a broader Big Tech infrastructure spend exceeding $700B. This investment targets data centers, specialized chips, and network upgrades to power generative AI models.
2. AWS Performance and Revenue Composition
AWS generated $129B in revenue for 2025, up 28% year-over-year, reflecting strong enterprise demand for cloud services. This segment remains a critical profit driver amid rising capital commitments.
3. Top-Line Revenue Milestone
In 2025 Amazon posted $717B in total revenue, a 12% increase that surpassed Walmart’s 13-year hold on the top spot. Despite AWS’s $129B contribution, Walmart retains the lead in pure retail sales volume.
