How Much of Amazon's Sales Come From E-Commerce?
Over the past two decades, Amazon (NASDAQ: AMZN) has built up an unmatched e-commerce business. At the same time, it's constantly experimenting with new business ideas. One of those ideas, Amazon Web Services (AWS), has grown to become the largest cloud computing company in the world by sales. Along with AWS, Amazon is developing several other concepts already successful or in the baking stage.
Given this diverse business model, is e-commerce still important to Amazon's total business?
Amazon's online stores plus third-party sales together make up its e-commerce segment. That segment accounted for $89.3 billion, or 62% of the breathtaking $143.3 billion in total sales in 2024's first quarter. Ancillary e-commerce services like subscriptions (including Prime memberships, e-books, and digital music) could be considered part of e-commerce, raising the share of overall sales to 70%.
Source Fool.com
