One of the biggest companies in the world is expected to reassert its dominance this week. Indeed, Amazon (AMZN) stock is set to unveil its latest quarter data after trading closes Thursday, and experts predict that it will show the company has surpassed one key competitor in revenue for the first time ever.

The e-commerce juggernaut has embraced diversification perhaps as well as any Magnificent Seven Stock. That could be set to pay off here, as the company is projected to issue revenue of $187 billion in its latest quarter. More importantly, if that projection comes to fruition, it will see them overtake one of its biggest rivals.

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Amazon (AMZN) to Outperform Rival in Revenue as it Shifts 12-Year Trend

Amazon has long been one of the most dominant companies in the United States. That has only continued in 2025. In late January, the stock hit a record high while being called one of the lowest-risk high-reward share buys on Wall Street. With that being said, its coming earnings report is one of immense importance.

According to experts, it should also be history-making for the e-commerce titan. Indeed, Amazon (AMZN) is expected to surpass one of its most consistent competitors in revenue for the very first time. Moreover, it will do so for the first time in 12 years.

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Specifically, the latest earnings report is expected to show Amazon earned more revenue than brick-and-mortar behemoth Walmart (WMT). Indeed, CNBC reports that its expected figure is set to surpass the $180 quarterly revenue projected by Walmart in late February.

Walmart has long been one of the top revenue generators for each quarter. It overtook Exxon Mobile in 2012 and has never looked back. As oil has stumbled in recent years, the retail giant has continued its reign of dominance.

Yet that is all expected to end today. The interesting thing to observe now is if Amazon can follow suit. Can it string together its own revenue-winning streak in the coming years? According to data, its quarterly earnings will bring its 2024 revenue up to $638 billion, which is the first time it has surpassed the $600 billion mark.