Amazon started as a bookstore. It became the everything store. Then it became the infrastructure the everything store runs on. AWS — Amazon Web Services — powers Netflix, Airbnb, NASA, the CIA, and half the internet. It generates 60%+ of Amazon's operating profit on 15% of its revenue. The retail business is almost a side project that happens to generate enormous cash flow and collect data on every product category on Earth. Amazon built a warehouse. Then it rented the warehouse to everyone else.
$716.9B
Total Revenue
$128.7B
AWS Revenue
$139.5B
Operating Cash Flow
$128.3B
Cash Capital Expenditures
$123.0B
Cash & Marketable Securities
$102.7B
Shipping Costs
$108.5B
Tech & Infrastructure Spend
~1,576,000
Employees
$2.7B
Anthropic Investment
$8.3B
Cash Taxes Paid
10-K · Feb. 6, 2026