Amazon's Q2 Revenue Tops Uber by 14x as AWS Surges
Amazon reported $200.6B in Q2 revenue, vastly outpacing Uber's $14.2B, driven by a 37% jump in cloud services.
Key points
- Amazon reported Q2 2026 revenue of $200.6 billion, compared to Uber's $14.2 billion for the same period.
- Amazon's AWS division grew 37% year-over-year to $42.2 billion, its fastest growth in 18 quarters.
- Uber agreed to acquire Delivery Hero SE and is ending its Waymo pilot in favor of an Amazon Zoox partnership.
Amazon.com reported second-quarter revenue of $200.6 billion for the period ended June 30, 2026, significantly outpacing Uber Technologies' $14.2 billion. This disparity highlights the distinct scale of the two consumer-facing platforms, with Amazon maintaining a numerical advantage across all eight recent reporting periods. The revenue gap underscores the different primary drivers of value, with Amazon leveraging e-commerce and enterprise cloud services while Uber focuses on ride-hailing and delivery networks.
According to The Globe and Mail, both companies demonstrated consistent year-over-year growth despite routine quarter-over-quarter fluctuations. Amazon achieved a 14% operating margin for the quarter, while Uber posted a 15% margin. These figures indicate that both businesses are managing their cost structures effectively while expanding their top lines, though their revenue bases differ by an order of magnitude.
Cloud Services Drive Amazon Growth
Amazon's Amazon Web Services division delivered 37% year-over-year sales growth to $42.2 billion in the second quarter. This marks the fastest growth in 18 quarters, signaling strong adoption of its artificial intelligence solutions. The company is positioning AWS to make AI accessible to a broad range of businesses, mirroring its earlier strategy with cloud computing.
To support this expansion, Amazon entered a commercial agreement with NVIDIA to acquire two million additional graphics processing units. This infrastructure investment underpins the company's ability to serve enterprise clients and power its AI shopping assistants. The strategic focus on AI infrastructure is a key differentiator in Amazon's current revenue trajectory.
Uber Expands Through Strategic Mergers
Uber announced a business combination agreement to acquire Delivery Hero SE, aiming to consolidate its local delivery services. This move aligns with the company's strategy to deepen its digital network expansion. The acquisition is expected to enhance Uber's market position in the food and goods delivery sector.
Concurrently, Uber is transitioning its autonomous vehicle partnerships. The pilot program with Waymo in Phoenix ended this year, with additional cities expected to leave Uber's app in the future. Meanwhile, a multi-year deal with Amazon brings Zoox into Uber's ecosystem, starting in Las Vegas this year and expanding to Los Angeles in 2027.
Revenue Trends Show Divergent Paths
Historical data shows Amazon's revenue spiking in the fourth quarter due to holiday shopping, reaching $213.4 billion in Q4 2025. Uber's revenue remained more stable, peaking at $14.4 billion in the same period. Investors are watching whether the revenue gap continues to widen as Amazon capitalizes on the AI boom and Uber executes its merger plans.
