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World's largest retailers

Walmart led Deloitte's fiscal 2023 retail ranking with $648.1 billion, more than two and a half times Amazon's $251.9 billion in second place.

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What the data shows

  • Walmart ranks #1 with $648B, ahead of Amazon ($252B) and Costco ($242B).

About this chart

Walmart's retail revenue of $648.1 billion in fiscal 2023 is more than two and a half times that of Amazon, which is second at $251.9 billion in Deloitte's Global Powers of Retailing. Costco is third at $242.3 billion. Deloitte counts retail operations only, so Amazon's figure sits well below its $574.8 billion in total company revenue, which includes other businesses.

Germany's Schwarz Gruppe, the parent of Lidl and Kaufland, ranks fourth at $177.0 billion, ahead of Home Depot ($152.7 billion) and Kroger ($148.9 billion). Seven of the top ten are American; the exceptions are Schwarz Gruppe, Aldi and JD.com. Walgreens Boots Alliance ($121.2 billion) and CVS Health ($116.8 billion) are the largest pharmacy retailers, and Target is 11th at $105.8 billion.

The data

Source: Deloitte, Global Powers of Retailing (retail revenue, FY2023), as tabulated on Wikipedia 'List of largest retail companies'. Retrieved November 4, 2026. Static ranking of retail-operations revenue for fiscal 2023 (Deloitte definition, not total company revenue: e.g. Amazon's $251.9B counts retail only, versus $574.8B total revenue). A newer Deloitte edition may exist but was not available in the source used. Walmart's $648.1B matches its FY2024 (Jan 2024) reported revenue.

World's largest retailers, Retail revenue, $ billions, FY2023, top 15, Retail revenue ($B)
DateWalmartAmazonCostcoSchwarz GruppeHome DepotKrogerAldiJD.comWalgreens Boots AllianceCVS HealthTargetAhold DelhaizeCarrefourLowe'sTesco
Retail revenue ($B)$648B$252B$242B$177B$153B$149B$124B$123B$121B$117B$106B$98B$91B$86B$85B

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Frequently asked questions

What is the largest retailer in the world?

Walmart, with $648.1 billion in retail revenue in fiscal 2023 per Deloitte. Amazon is second at $251.9 billion and Costco third at $242.3 billion.

Is Amazon bigger than Walmart?

Not by retail revenue in this ranking, where Amazon's $251.9 billion is far below Walmart's $648.1 billion. Deloitte counts only retail operations, so Amazon's other businesses are excluded; its total company revenue was $574.8 billion.

Where does this data come from?

Deloitte, Global Powers of Retailing (retail revenue, FY2023), as tabulated on Wikipedia 'List of largest retail companies'. Retrieved November 4, 2026. Static ranking of retail-operations revenue for fiscal 2023 (Deloitte definition, not total company revenue: e.g. Amazon's $251.9B counts retail only, versus $574.8B total revenue). A newer Deloitte edition may exist but was not available in the source used. Walmart's $648.1B matches its FY2024 (Jan 2024) reported revenue. You can download the full table as a CSV from this page.

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