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Amazon.com vs Walmart: AMZN and WMT compared
Amazon.com is the larger company: $201.9B of revenue in its latest quarter (Q3 2026) against $187.9B for Walmart (Q2 FY27). Amazon.com is growing faster (+12% against +6% a year earlier). Amazon.com is more profitable, with an operating margin of 13.9% against 5.0%.
Where the money goes: AMZN and WMT
Amazon.com (AMZN) · Q3 2026
Amazon.com, Q3 2026: revenue $201.9B (+12% year over year), operating margin 13.9%, net earnings $20.7B, operating cash flow $42.4B. The chart follows the revenue to costs, profit and cash.
Walmart (WMT) · Q2 FY27
Walmart, Q2 FY27: revenue $187.9B (+6% year over year), operating margin 5.0%, net earnings $6.5B, operating cash flow $15.0B. The chart follows the revenue to costs, profit and cash.
| Amazon.com (AMZN) | Walmart (WMT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $201.9B | $187.9B |
| Revenue growth, Y/Y | +12% | +6% |
| Operating margin | 13.9% | 5.0% |
| Net earnings | $20.7B | $6.5B |
| Net margin | 10.2% | 3.5% |
| Operating cash flow | $42.4B | $15.0B |
| Free cash flow | — | $7.5B |
| Market value | $2.83T | $1.00T |
| P/E | 21.0× | 44.5× |
| Analysts’ mean target | $326.99 | $127.47 |
Where the revenue comes from
Amazon.com
- Online stores: $68.5B (34%)
- Third-party seller services: $46.5B (23%)
- AWS: $46.0B (23%)
- Advertising services: $19.6B (10%)
Questions
Which is bigger, Amazon.com or Walmart?
Amazon.com is the larger company: $201.9B of revenue in its latest quarter (Q3 2026) against $187.9B for Walmart (Q2 FY27).
Is Amazon.com or Walmart growing faster?
Amazon.com is growing faster (+12% against +6% a year earlier).
Which is more profitable, Amazon.com or Walmart?
Amazon.com is more profitable, with an operating margin of 13.9% against 5.0%.
More: Amazon.com earnings · how Amazon.com makes money · Walmart earnings · how Walmart makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Aug 28, 2026). Fiscal quarters can end on different dates. Not investment advice.