{
  "id": 5258877,
  "title": "People Forget Amazon’s $600 Billion E-Commerce Business Is Bigger Than Microsoft",
  "url": "https://urgent.news/2026/09/01/people-forget-amazons-600-billion-e-commerce-business-is-bigger-than",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T18:04:14.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/people-forget-amazon-600-billion-180414485.html"
  },
  "original_language": "en",
  "account": "Amazon's annual e-commerce revenue is projected to exceed $750 billion this year, making it larger than both Exxon and Microsoft in total revenue. The company's Amazon Web Services (AWS) division is expected to generate $180 billion in revenue by 2026, with a projected 40% growth rate, representing an estimated $2 trillion of Amazon's $3 trillion market capitalization. Investors may benefit from separating Amazon into two distinct public companies to capitalize on its stable e-commerce and high-growth AWS businesses. Despite being a leader in the Fortune 500 with its e-commerce division surpassing Walmart's, a significant portion of Amazon's revenue comes from international operations, with North American revenue accounting for about $35 billion this year. AWS is set to lead with $180 billion in revenue by 2026, translating to an operating income of approximately $70 billion. While it's challenging to quantify the exact value Amazon's e-commerce division adds to the company's market cap, its rapid growth rate surpasses that of AWS, suggesting a valuation of around $1 trillion. Comparatively, AI-focused company Anthropic holds a market value of about $1.8 billion, which is significantly lower than AWS's projected $2 trillion valuation. The potential breakup of Amazon into two separate public companies could allow investors to make more targeted investment decisions based on their preferences for e-commerce or AWS, depending on their views on the future of AI and retail.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}