Bar chart of AWS sales growth from a year earlier by quarter since Q4 2021, slowing to 12.1% in Q2 2023 before rising to 39.3% in Q3 2026, the fastest since 39.5% in Q4 2021

Amazon Web Services sales grew 39.3% from a year earlier in the third quarter, the cloud unit's fastest pace since late 2021.

AWS brought in $45.98 billion in the quarter, up from $33 billion a year ago.

That growth rate beats every quarter since the fourth quarter of 2021, when AWS grew 39.5%.

Here is AWS sales growth over the past five quarters.

  • Q3 2025 +20.2%

  • Q4 2025 +23.5%

  • Q1 2026 +28.4%

  • Q2 2026 +36.7%

  • Q3 2026 +39.3%

Growth has now sped up for 6 straight quarters, from 16.8% in the first quarter of 2025.

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In 2023, AWS growth looked like it was settling into the low teens, and now it's running near 40%.

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Phil Rosen
Phil Rosen

Phil Rosen is co-founder and CEO of Opening Bell Media and chief market strategist for Silvia Inc. (NASDAQ: SVIA). He hosts Full Signal and writes Opening Bell Daily — the markets briefing read by over 200,000 investors and published on Bloomberg Terminals — and has also published two books and won a Fulbright award for his reporting. Contact him at [email protected].

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