Where Data Tells the Story
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Since 2022, Amazon’s service revenue has surpassed product sales, reaching $388.0 billion in the twelve months ending Q2 2025—37.6% higher than product sales of $282.0 billion. Service revenue has grown at a robust 38.6% CAGR from $3.4 billion in 2010 to $388.0 billion in Q2 2025, far outstripping product sales’ 16.5% CAGR from $30.8 billion to $282.0 billion over the same period.