Amazon’s Cloud Computing Business Already Brings in More Revenue Than 476 Companies in the S&P 500. Here’s What It Would Take to Reach $1 Trillion.

Amazon Web Services (AWS) has reached $161.4 billion in trailing-12-month revenue, surpassing 476 S&P 500 companies. CEO Andy Jassy believes AWS could become a $1 trillion revenue business within 5-10 years. With accelerating revenue growth exceeding 40% expected in 2027-2028 and substantial capital expenditure investments in AI infrastructure, AWS appears positioned to achieve this ambitious target through sustained cloud adoption and improved returns on invested capital.