“AWS is a $184 billion annualized revenue run rate business, and yet the opportunity remains extraordinary... we believe that AWS can grow north of 40% in each of 2027 and in 2028 and be a trillion-dollar revenue business in the next five to 10 years.”
President and CEO, Amazon
Made after AWS grew 39.3% year over year to $46 billion in Q3 2026 (a $184 billion annualized run rate) with backlog of $578 billion; resolvable against AWS's reported full-year 2027 and 2028 revenue growth.