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Amazon's e-commerce revenue will exceed $750 billion this year, surpassing both Exxon and Microsoft in total revenue.
AWS projects $180 billion in 2026 revenue at 40% growth, representing an estimated $2 trillion of Amazon's $3 trillion market cap.
Breaking Amazon into two public companies could let investors separately choose its stable e-commerce and high-growth AWS businesses.
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Investors often forget that Amazon (NASDAQ: AMZN) has $700 billion in e-commerce revenue based on its first-half revenue run rate. Since its fourth quarter is by far its largest, the number will probably exceed $750 billion. That will make the e-commerce division as large as Exxon's (NYSE: XOM) total and larger than Microsoft's (NASDAQ: MSFT). In fact, including AWS, Amazon was the No.1 company among the Fortune 500, having passed Walmart (NYSE: WMT) last year.

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9 days ago

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