Amazon first exceeded a $2 trillion market capitalization in June 2024.
The company crossed the milestone on June 26, 2024, when its share price rose during a strong rally in major technology stocks. Amazon’s valuation reflects several businesses at once: online retail, advertising, subscription services, logistics, and Amazon Web Services, its cloud-computing division.
Amazon had already passed $1 trillion in market value in 2018, joining a small group of technology giants at that level. The company is often confused with the first company to reach $1 trillion, a milestone achieved by Apple. Market capitalization is calculated by multiplying a company’s share price by its shares outstanding, so the figure can move above or below a round-number threshold without a change in the company’s legal structure.