Data Report
Top 10 Retailers Ranked by Lobbying Spend (2025)
Published by the NOligarchy Editorial Team
Each quarter, corporations registered under the Lobbying Disclosure Act file reports with the Senate Office of Public Records detailing how much they spent attempting to influence federal legislation and regulation. The following ranking aggregates those filings across all four quarters of 2025 for the largest consumer-facing retailers operating in the United States.
2025 was an unusually active year for corporate lobbying. The sweeping tariff regime introduced by the Trump administration — including peak duties of 145% on Chinese imports — forced every major importer-retailer into emergency engagement with trade officials and Congressional committees. That policy shock, layered on top of ongoing antitrust fights, pharmacy benefit manager reform, and AI regulation, produced the highest collective lobbying spend our tracked companies have recorded in a single calendar year.
All figures are sourced from Senate LDA quarterly filings (LD-2 forms) available at lda.gov. Readers are encouraged to verify any figure directly against the primary source. Spend figures represent total disclosed federal lobbying expenditure and do not include state-level lobbying, trade association contributions, or dark money flows.
#1
Amazon.com Inc
2025 Lobbying
$18.9M
NOligarchy Score
11
Amazon retained its position as the top corporate lobbying spender in retail by a wide margin. In 2025, Amazon's influence machine was focused on three fronts: defending against the FTC's ongoing antitrust case targeting its marketplace practices, lobbying for tariff exemptions on goods sold through third-party sellers (whose cost structures would be devastated by blanket import duties), and shaping the regulatory framework for AI and cloud computing as AWS faces growing scrutiny from Congress and global regulators.
#2
Apple Inc
2025 Lobbying
$10.9M
NOligarchy Score
12
Apple's lobbying expenditure surged in 2025 as the company faced simultaneous pressure on multiple fronts. The DOJ's antitrust case against the App Store — and parallel EU enforcement under the Digital Markets Act — drove significant policy engagement. Equally significant were tariff negotiations: Apple manufactures the majority of its devices in China and India, and the sweeping tariff regime introduced in 2025 created urgent pressure to secure product-specific exemptions for electronics. Apple also actively lobbied on AI and privacy legislation as federal regulators moved to establish guardrails for large language models.
#3
CVS Health Corporation
2025 Lobbying
$10.2M
NOligarchy Score
2
CVS Health's jump to third place reflects the most consequential regulatory fight in its industry: pharmacy benefit manager reform. CVS's Caremark subsidiary is one of the three PBMs that collectively control roughly 80% of prescription drug coverage in the United States, and bipartisan Congressional momentum to break up or regulate PBMs directly threatened CVS's most profitable business unit. CVS also lobbied aggressively on drug pricing implementation under the Inflation Reduction Act, Medicare Part D redesign, and the regulatory environment for MinuteClinic and its expanded healthcare services footprint.
#4
Walmart Inc
2025 Lobbying
$8.6M
NOligarchy Score
3
Walmart's lobbying operation was dominated in 2025 by trade and tariff policy. The company sources a significant share of its general merchandise from China, and the Trump administration's sweeping import tariff regime — including 145% duties on Chinese goods at peak — forced Walmart into intense engagement with the Office of the US Trade Representative and Congressional trade committees. Walmart simultaneously lobbied on labor and minimum wage legislation, antitrust concerns related to its grocery market share, and financial services regulation as it continues expanding its banking and fintech offerings.
#5
eBay Inc
2025 Lobbying
$4.7M
NOligarchy Score
27
eBay's 2025 lobbying focused heavily on the de minimis exemption — the Section 321 rule that allows duty-free imports below $800. The Trump administration moved to eliminate this exemption for Chinese shipments, which directly threatened the economics of millions of small sellers operating on the eBay platform. eBay also engaged on marketplace liability legislation, digital sales tax uniformity, implementation of the INFORM Consumers Act, and postal rate structures that affect the cost of small parcel shipping for its seller base.
#6
The Home Depot Inc
2025 Lobbying
$3.7M
NOligarchy Score
15
Home Depot's lobbying spend in 2025 was shaped almost entirely by the tariff environment. The company relies heavily on imports of lumber from Canada (subject to 25% tariffs), steel and aluminum products from multiple countries, and consumer goods from China. As costs cascaded through its supply chain, Home Depot engaged intensively with trade negotiators and Congressional offices on tariff carve-outs for building materials. The company also lobbied on immigration policy — a significant concern given that many of its professional contractor customers depend on immigrant labor — and workforce development funding.
#7
Lowe's Companies Inc
2025 Lobbying
$3.0M
NOligarchy Score
13
Lowe's tracked closely with Home Depot on the central lobbying priorities of 2025 — tariffs on Canadian lumber, imported steel, and Chinese-sourced home improvement goods — reflecting the near-identical supply chain pressures facing the two major home improvement chains. Beyond trade, Lowe's lobbied on skilled trades workforce development, contractor licensing reform, and data privacy legislation that affects its customer loyalty and pro contractor digital platforms.
#8
Nike Inc
2025 Lobbying
$2.7M
NOligarchy Score
23
Nike manufactures approximately 99% of its footwear in Asia — primarily Vietnam, Indonesia, and China — making the 2025 tariff regime an existential cost issue. The footwear industry faced among the highest effective tariff rates of any consumer goods category, and Nike led a coalition of shoe brands lobbying for sector-specific relief from reciprocal tariffs. Nike also engaged on intellectual property enforcement, customs oversight for counterfeit goods, and trade policies affecting its marketing operations in China, its largest growth market.
#9
The Kroger Co
2025 Lobbying
$2.0M
NOligarchy Score
17
Kroger entered 2025 in the aftermath of its failed merger with Albertsons, blocked by a federal court in December 2024 following FTC opposition. The lobbying focus shifted: rather than defending the merger, Kroger pivoted to agricultural and food policy, pharmacy benefit manager reform (Kroger operates a large pharmacy chain), grocery antitrust policy in the wake of the merger scrutiny, and labor legislation affecting its heavily unionized workforce.
#10
Target Corporation
2025 Lobbying
$2.0M
NOligarchy Score
18
Target's 2025 lobbying addressed a mix of trade and political pressures. The company sources a substantial share of its private-label merchandise from China, making tariff exemptions an immediate operational concern. Target also faced intense public and political pressure in 2025 related to its DEI program rollback, which generated significant Congressional attention. Additional lobbying activity targeted organized retail crime legislation — Target had estimated $500M+ in annual shrink losses — and minimum wage policy affecting its large hourly workforce.
Notable Shifts From 2023
Comparing this ranking to our 2023 edition reveals how dramatically the policy environment shifted in two years:
•
Apple and CVS Health are new entrants at #2 and #3 — neither appeared in the 2023 top 10. Apple's App Store antitrust battles and CVS's PBM regulatory fight each drove multi-million-dollar ramp-ups in federal engagement.
•
Home Depot and Lowe's both entered the top 10 for the first time, reflecting the direct tariff exposure of the home improvement supply chain to Canadian lumber and Chinese goods.
•
Kroger and Target both cracked the list — Kroger in the wake of its blocked Albertsons merger, Target amid converging tariff and political pressures.
•
Dell Technologies, Sony, and QVC — which all appeared in the 2023 top 10 — dropped out as tariff-driven retail lobbying crowded them out of the top positions.
•
Amazon held the top spot in both years, though its 2025 spend of $18.9M is essentially unchanged from its 2023 figure, suggesting the gap between Amazon and all other retailers has narrowed as peers dramatically scaled up.
The Tariff Effect
The single most consequential driver of the 2025 ranking is trade policy. Seven of the ten companies on this list cited tariff or trade issues as a primary lobbying focus in their LDA disclosures. The pattern is consistent: companies with deep Asian supply chains (Apple, Nike, Target, Walmart) and companies with heavy reliance on Canadian or Mexican imports (Home Depot, Lowe's) all dramatically increased their direct federal lobbying as the tariff environment deteriorated.
This matters for consumers because lobbying on tariffs is not neutral advocacy — it is often a zero-sum competition between companies trying to secure their own exemptions while leaving duties in place for competitors. The company that wins its carve-out gains a structural cost advantage; smaller competitors without Washington lobbying operations absorb the full tariff burden.
What This List Doesn't Show
Disclosed federal lobbying spend is the most comparable public measure of corporate political activity — but it captures only a fraction of total influence spending. Several significant factors fall outside the LDA disclosure framework:
•
Trade association dues — companies like Walmart and Amazon fund the U.S. Chamber of Commerce, the National Retail Federation, and other associations that conduct their own substantial lobbying. These contributions are not attributed to individual member companies in LDA filings.
•
State-level lobbying — every state has its own disclosure system with varying thresholds and requirements. Companies that appear moderate at the federal level may be significantly more active at the state level, where labor, tax, and land-use rules are often more immediately consequential.
•
Strategic consulting — advisors who spend less than 20% of their time on lobbying activities for a given client are not required to register, allowing substantial policy influence to go unreported.
•
Dark money — 501(c)(4) organizations can spend on elections and policy advocacy without disclosing corporate funders. This channel has grown significantly since Citizens United.
The ranking above reflects what companies have chosen to disclose. It should be read as a minimum — not a complete — picture of political engagement.
Methodology Note
NOligarchy Scores shown in this article reflect each company's current score in the NOligarchy database, calculated on a rolling 24-month window ending in early 2026. Scores incorporate lobbying spend, PAC contributions, executive donations, CEO-to-worker pay ratio, stock buyback intensity, regulatory violations, and market consolidation — normalized by company revenue. A score of 100 represents the best possible outcome; scores below 25 indicate severe concern across multiple factors.
Companies are included in this list based on their primary identity as consumer-facing retailers or retail-adjacent businesses with significant direct-to-consumer operations.
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All lobbying figures are sourced from Senate LDA LD-2 quarterly filings for calendar year 2025 (Q1–Q4), aggregated across all four reporting periods. NOligarchy Scores reflect a rolling 24-month window and incorporate multiple scoring factors beyond lobbying alone. NOligarchy is not affiliated with any political party or candidate. Questions or corrections: support@noligarchy.com