Key Points
Jeff Bezos founded Amazon (NASDAQ: AMZN) in 1994 and served as its CEO until July 5, 2021. Under his leadership, Amazon’s market capitalization skyrocketed from under $500 million at its May 1997 IPO to $1.8 trillion when he stepped down. His successor, Andy Jassy, has further increased the market cap by 50% to $2.7 trillion.
As of Q2 2026, Amazon Web Services (AWS) holds a 28% market share in cloud computing, leading ahead of Microsoft’s Azure (20%) and Alphabet’s Google Cloud (15%). AWS sales grew 36.8% year-over-year, reaching $42.2 billion, while operating income surged 63.6% to $16.6 billion, accounting for 60.5% of Amazon’s total operating profit.
Currently, Amazon’s price-to-earnings (P/E) ratio is 20, significantly lower than its five-year median P/E of 50 and the S&P 500’s average of 26. With projections for continued growth in AWS and an attractive valuation, Amazon appears poised for long-term growth opportunities.
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