Amazon Business, the company’s marketplace for business, government, healthcare and educational organizations has hit $10 billion in sales this year, the company revealed in a blog post Tuesday.
Amazon Business launched in the U.S. in 2015, and it has since expanded to cover eight countries and boasts “millions of business customers.” Amazon says it counts as customers 80 percent of the 100 largest education organizations, 55 of the Fortune 100 companies, more than half of the 100 biggest hospital systems and 40 percent of the 100 biggest local governments. Some prominent customers named by Amazon include King County and the State of Georgia, Seattle Children’s Hospital and Vacasa, a top-ranked company on the GeekWire 200.
CNBC notes that Amazon Business reported $1 billion in revenue in 2016, a year after it launched in the U.S., as a replacement for a service started in 2012 called Amazon Supply. The company hit the $10 billion milestone in less than four years, faster even than the company’s profit machine Amazon Web Services, which took a decade to hit that mark.
Amazon Business sells everything from office supplies to medical equipment both directly and through third-party sellers. The company says more than 150,000 third-party sellers are on the Amazon Business platform and they account for more than half of sales.
Amazon Business has steadily added more perks, most notably Business Prime Shipping, which allows businesses of all sizes to sign up for bulk fast-shipping accounts for all their employees. First announced last year, Business Prime Shipping includes “tens of millions” of items eligible for free, two-day shipping. Plans start at $499 per year for up to 10 people, $1,299 for up to 100 people and $10,099 for enterprises of more than 100 people.
The service has been spreading across the globe, with Amazon Business expanding to Italy and Spain in June, following its France launch in February.