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 generated $161.4 billion in trailing 12-month revenue, more than 476 companies in the S&P 500, as demand for cloud computing and AI grows. CEO Andy Jassy said on Amazon’s third-quarter earnings call that AWS could become a $1 trillion business within five to 10 years. Reaching that scale would require sustained growth and continued investment in infrastructure.