Amazon Grossed Over $2.9 Trillion in a Decade, Nearly as Alphabet and Alibaba Combined

October 27, 7:23 am

The world's largest internet companies gross tens and even hundreds of billions of dollars each year as billions of consumers worldwide flock to the online market to buy their products and services. However, in this highly competitive space with numerous major players vying for market share, Amazon stands out.

According to data presented by AltIndex.com, Amazon is the world's highest-grossing internet company, with a 10-year revenue of over $2.9 trillion, nearly as Alphabet and Alibaba combined.

Amazon's Annual Revenue Jumped Sixfold in Ten Years

Amazon's share in the global e-commerce industry is massive, helping it to maintain its title of the world`s highest-grossing internet company. In 2024, the global ecommerce industry is expected to generate over $4.1 trillion in revenue, and 30% of that value will come from the United States. Amazon's share in the global market is estimated to be between 10% and 15%. However, in the United States, the ecommerce giant generates up to 40% of total ecommerce sales. Today, more than 310 million people worldwide shop on Amazon, and this massive user base has helped its revenue skyrocket, pushing the ten-year cumulative figures to impressive highs.

According to the official company data, Amazon's annual revenue increased sixfold in the past ten years, rising from $88.9 billion in 2014 to nearly $575 billion in 2023. This impressive growth has helped the company gross over $2.9 trillion in the past decade, more than the GDP of countries like France and Canada.

This figure is even more shocking when compared to the ten-year revenue of other significant players in this market. With nearly $3 trillion in ten-year revenue, the ecommerce giant grossed nearly as the tech giant Alphabet and Chinese ecommerce giant Alibaba combined.

Statistics show Alphabet's ten-year revenue is a staggering $1.67 trillion, still 43% less than Amazon's. As the third most profitable internet company globally, China's Alibaba grossed $719 billion in this period, or three times less than the leading company, Amazon. Meta Platforms, Tencent, and Netflix follow with $680.6 billion, $514 billion, and $185.8 billion in ten-year revenue, respectively.

Amazon Tops in Total Revenue, but Meta and Alibaba Lead in Ten-Year Revenue Growth

Although Amazon convincingly tops in total revenue, outperforming its ecommerce rivals Alibaba and eBay and even the tech giant Alphabet, three other internet companies have seen a much higher ten-year revenue growth.

Statistics show Amazon's revenue skyrocketed by 546% since 2014. Although quite impressive, this is the fourth-largest increase among the listed companies. Alibaba, Meta Platforms, and Tencent have all seen bigger growth rates.

Over the past ten years, Meta's annual revenue skyrocketed by 981%, the biggest increase among the internet giants. Last year, the social media giant grossed nearly $135 billion, up from $12.5 billion in 2014. Chinese Alibaba saw the second-largest growth, with its revenue surging by 957% in this period. Although far below these figures, Netflix follows with just as impressive 512% ten-year revenue increase.

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