Morningstar Research

Analyst Report: Amazon.com, Inc.

Amazon is a leading online retailer and one of the top-selling e-commerce aggregators with net sales of 386 billion% of total volume, followed by cloud computing, storage, database and other offerings from Amazon Web Services (12%) as well Advertising services and co-branded credit cards (6%). International segments accounted for 27% of Amazon’s non-AWS revenue in 2020, led by Germany, the UK, and Japan.