AWS CEO says it could become a $1 trillion revenue business within five years
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On October 30, 2026, Amazon CEO Andy Jassy said on AWS's quarterly earnings call that AWS is on track to become a business with $1 trillion in annual revenue within 5-10 years. He also expects AWS growth to exceed 40% in both 2027 and 2028. In addition, Jassy said Amazon's capital expenditures for 2026 will be about $220 billion. The headline previously read "within five years," while Jassy's original quote in the report was "within 5-10 years"; the report's original wording prevails.
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- TechCrunch · AISelectedAWS will be a $1T business, Jassy says. But first, it will spend big.
On the quarterly earnings call, Amazon CEO Andy Jassy said AWS is on track to become a $1 trillion annual revenue business within 5-10 years, with growth exceeding 40% in both 2027 and 2028.
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