Raoul Pal: Amazon revenue up 53% since 2021 with flat headcount

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21.10.2026

Raoul Pal: Amazon revenue up 53% since 2021 with flat headcount — Amazon revenue up 53% with stable staffing

Amazon's revenue has increased by 53% since 2021 while maintaining the same number of employees. Raoul Pal, Co-Founder and CEO of Real Vision, highlighted that hyperscaler company headcounts have remained flat for three years as earnings have grown rapidly. He mentioned that he discussed these trends a month ago in his publication GMI, in an issue entitled The New Macro.

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Pal previously warned that the economy and markets could face historic shifts by 2030 in an article for Real Vision, noting only four years remain for major changes to occur. He is also scheduled to speak at Solana Breakpoint in November, where the token supercycle theme will take focus. In that context, Pal’s commentary on tech sector growth follows his recent coverage of structural trends.

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