# Amazon's Safe Retail Business Earns Less Than AWS

> Amazon's e-commerce business earns less than AWS, but cautious investors still see value.
- Title: Amazon's Safe Retail Business Earns Less Than AWS | Shortify
- Summary: Amazon's e-commerce business earns less than AWS, but cautious investors still see value. Amazon's e-commerce generates $11 billion quarterly operating…
- Keywords: amazon, aws, e-commerce, cloud computing, investors, capital expenditures, free cash flow, finance, money, Amazon's, Safe, Retail
- Source: The Motley Fool — https://fool.com/investing/2026/10/27/amazon-s-safe-retail-business-earns-less-than-aws-does-is-the-stock-still-a-good-buy-for-cautious-investors
- Author: Adria Cimino
- Published: 2026-10-27T11:15:02+00:00
- Read time: 1 min
- Topics: amazon, aws, e-commerce, cloud computing, investors, capital expenditures, free cash flow, finance, money
## Amazon's Two Engines
Amazon built its fortune on e-commerce and now has AWS as its fastest growing business.
## AWS Growth
AWS sales jumped 37% to $42 billion with $16 billion operating income.
## Profit Split
AWS makes up 21% of Amazon's sales but 60% of operating income.
## E-commerce Revenue
E-commerce advertising revenue rose 26% to $19 billion quarterly.
## Capital Expenditures
Amazon plans $220 billion in capital expenditures this year with negative free cash flow.
## Investor Outlook
Cautious investors see Amazon as a good buy if they recognize AWS' key role in earnings.
## Key takeaway

Amazon's e-commerce generates $11 billion quarterly operating income while AWS drives 60% of operating income with $42 billion sales.