Operating margin 28% and climbing.

Net income $40B for the year through 12/31/2020.

The growth in revenue at 20% is impressive given these players are already so massive.

One big takeaway, AWS is CRUSHING GCP on the financial side. There is basically a 50%?? delta here? Ie, AWS is +28% margin, GCP -30% margin? Still GCP is growing briskly though much smaller.

In short, AWS could do a lot more to compete on price if they wanted.