Amazon has overtaken America’s largest retailer, Walmart, in quarterly revenue for the first time ever. Amazon generated $187.8 billion in revenue during the fourth quarter, surpassing Walmart, which on Thursday reported sales of $180.

Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking oil giant Exxon Mobil.

Walmart (WMT) injected gloom into the American economy by lowering its economic outlook for 2025, the retailer shared another notable statistic in its earnings report. According to the quarterly results,