Amazon has reported a record quarterly revenue of $188 billion for Q4 2024, marking a 10% year-over-year increase and surpassing analyst estimates of $187.3 billion. The company's net income surged 89% year-over-year to $20 billion, while operating income rose 61% to $21.2 billion. This performance positions Amazon to potentially overtake Walmart in quarterly revenue for the first time, although Walmart maintains a lead in annual revenue. Walmart is projected to report approximately $180 billion in revenue for the same quarter, with its earnings announcement scheduled for February 20, 2025. The shift in retail dominance indicates a significant change in the competitive landscape, as Amazon's quarterly revenue outpaces that of any other company globally.