In July 2021, Jeff Bezos handed over Amazon’s reins to Andy Jassy, an Amazon veteran who joined the company in 1997 and built its cloud unit from the ground up. Having founded Amazon Web Services (AWS) in 2006, Jassy oversaw its growth into a roughly $40 billion annual business by the time of his promotion. His decades-long track record running AWS made him the board’s unambiguous choice to lead the world’s largest e-commerce and cloud infrastructure provider, then valued at nearly $2.5 trillion in enterprise value.

Under Jassy’s leadership, AWS has consistently delivered operating margins above 25%, making it the company’s most profitable division. In the first nine months of 2025, AWS generated approximately 18% of Amazon’s net sales but contributed nearly 60% of operating profit. Continued investments in data centers to support generative AI workloads helped AWS grow revenue by 20% year-over-year in the third quarter of 2025, its fastest pace in several years, reinforcing Amazon’s ability to fund new initiatives and maintain pricing flexibility in its consumer-facing retail business.

In his first year as CEO, Jassy received total compensation of $212.7 million, almost entirely in the form of restricted stock units vesting over ten years. His base salary remained at $175,000, underscoring Amazon’s emphasis on long-term performance incentives. This structure aligns executive rewards with shareholder interests by tying the majority of Jassy’s pay to the company’s market capitalization and sustained revenue growth over the coming decade.

Wall Street consensus forecasts call for Amazon to grow net sales at a mid-teens annual rate through 2027, driven by continued AWS expansion, accelerating digital advertising revenue, and further penetration of international retail markets. Analysts at leading investment banks have raised their 12-month price targets by 5% to 10% since late 2025, citing potential multiple expansion as interest rates moderate and AI adoption continues to boost cloud spending. Should Amazon deliver on these growth projections and rerate toward its historical forward earnings multiples, investors could see meaningful upside over the next year.