Will Amazon be the first company to achieve $1 trillion in sales?

In the financial world, it means that scale can always be expanded. Currently, there are 7 companies with a total market capitalization of over 1 trillion dollars in the world, but there is a milestone that none of them have reached yet. It is$1 trillion in salesThat's it.

Below is a comparison of all data provided by S&P Capital IQ and the same company.

When it comes to sales, the three highest-grossing stocks on this list are:

2.) Saudi Aramco

However, there are companies that are not on this list but currently have higher sales than Amazon.

In the case of Walmart, the company generated $18.9 billion in profits from sales. That's about half of Amazon's profit margin. The difference between the two companies is that Amazon also has other businesses with high profit margins, such as cloud computing and large-scale advertising divisions. Amazon recorded advertising revenue of 47 billion dollars in 2023, while Walmart recorded that figure was only 3.4 billion dollars.

One question is whether Walmart can maintain this sales lead.

Looking to the future, Wall Street looks at both companies as follows.

There is a possibility that Walmart's sales lead over Amazon will disappear as early as this year. Walmart's sales are predicted to increase 13% between 2024 and 2027, but Amazon'sThe growth rate is 36%It is estimated that.

If these forecasts are extended by another year, it is predicted that Amazon will record sales of 957 billion dollars and profit of 114 billion dollars by 2028.

If these predictions are roughly accurate, Amazon will surpass the $1 trillion threshold by 2028 or 2029. The only real competitor outside of Walmart that can catch up with Amazon is probably the Saudi Arabian Oil Company (Saudi Aramco). However, for Saudi Aramco to reach those sales levels, oil prices would need to rise more than twice.

Finally, there's one more interesting fact.

If you compare Amazon's sales with the world's GDP ranking, today's Amazon sales are so high that they are rated as larger than Ireland, which is the 25th largest country. If sales reach 1 trillion dollars, Amazon's GDP will overtake Argentina, Sweden, Belgium, Taiwan, Poland, and Switzerland and become second only to Saudi Arabia.