AMZN · Internet & Direct Retail · Consumer Cyclical
Amazon.com, Inc.
$267.44+0.5%Close 11/12
Compare AMZN with another stock- What it sells
- Online stores is 38% and Third-party seller services 24% of revenue (fiscal year to Dec 2025), from 40% and 24% two years earlier.
- Growing?
- Yes: revenue up 12% on a year earlier (quarter ended Sep 2026); earnings per share up 75% over the last four quarters.
- Expensive?
- Cheaper than usual: 21.6× trailing earnings; its five-year median is 48.6×. Priced 45% below the peer median of 39.6x.
- Analysts?
- 95% of 61 say buy; average 12-month target $327, 22% above today's price.
- Risky?
- About average for a large company: its price swung 34% over the past year (the S&P 500's 14%), and it fell as much as 56% since Nov 2021.
Market cap$2.89T
Revenue (TTM)$797.5B
Net income (TTM)$134.8B
P/E (trailing)21.6x
52-week closing range$199 – $284
Forward P/E25.1x
Amazon.com, Inc. operates Amazon e-commerce marketplaces and provides subscription services (notably Amazon Prime) and cloud computing through Amazon Web Services (AWS), monetizing via first-party and third-party retail sales, seller/fulfillment fees, subscriptions, and advertising.
More about Amazon.com
Market Position
Amazon is a leading global online retailer/marketplace operator and a major provider of public cloud infrastructure via AWS, differentiated by its scaled fulfillment and logistics network, broad Prime benefits bundle, and extensive third-party seller ecosystem.
Key Segments
The company reports three primary operating segments: North America, International, and AWS, with additional disclosure lines commonly including Advertising and Subscription services within consolidated results.
How has the stock done?
Over the past month AMZN rose 3.0%; the consumer discretionary ETF (XLY) rose 7.3% and the S&P 500 fell 2.7%. 2 Congress filings by portfolios that hold it fall in this period.
AMZN +3.0%Consumer discretionary ETF (XLY) +7.3%Congress portfolio filedEarnings released
Over the past six months AMZN rose 0.6%; the consumer discretionary ETF (XLY) rose 1.8% and the S&P 500 rose 2.6%. 6 Congress filings by portfolios that hold it fall in this period.
AMZN +0.6%Consumer discretionary ETF (XLY) +1.8%Congress portfolio filedEarnings released
Over the past year AMZN rose 9.5%; the consumer discretionary ETF (XLY) rose 1.3% and the S&P 500 rose 10.8%. 6 Congress filings by portfolios that hold it fall in this period.
AMZN +9.5%Consumer discretionary ETF (XLY) +1.3%Congress portfolio filedEarnings released
Over five years AMZN rose 51.7%; the consumer discretionary ETF (XLY) rose 18.2% and the S&P 500 rose 62.0%. 6 Congress filings by portfolios that hold it fall in this period.
AMZN +51.7%Consumer discretionary ETF (XLY) +18.2%Congress portfolio filedEarnings released
How much it movesRisk
Biggest fall
−56%
From Nov 18, 2021 to Dec 28, 2022, the deepest drop from a high since Nov 2021
Volatility, past year
34%
How much the price swings in a year; the S&P 500's was 14%
Beta, past year
1.32
When the S&P 500 moves 1%, the stock has moved about 1.3% the same way
Show the Congress filings
| Filed | Portfolio | AMZN in the filing | Latest trade in filing | AMZN share |
|---|---|---|---|---|
| Nov 6, 2026 | Nancy Pelosi | No AMZN trade in it | Oct 7, 2026 | 15.7% |
| Oct 22, 2026 | Cleo Fields | No AMZN trade in it | Oct 9, 2026 | 10.3% |
| Aug 27, 2026 | Jared Moskowitz | No AMZN trade in it | Jul 13, 2026 | 57.6% |
| Aug 18, 2026 | Ed Case | No AMZN trade in it | Aug 13, 2026 | 17.2% |
| Aug 13, 2026 | Rob Bresnahan | Annual report: held $265,002–$550,000 in all across 2 entries at the end of 2025 | — | 9.2% |
| Aug 12, 2026 | Rob Wittman | Annual report: held $15,001–$50,000 at the end of 2025 | — | 13.4% |
Show the earnings releases
| Released | Quarter | Revenue | EPS vs estimate | Stock, day after | 5 days after |
|---|---|---|---|---|---|
| Oct 29, 2026 | ended Sep 2026 | $201.9B (+12% vs a year earlier) | $1.89 vs $1.96 (missed) | −5.6% | +2.2% |
| Jul 30, 2026 | ended Jun 2026 | $200.6B (+20% vs a year earlier) | $5.75 vs $1.82 (beat) | +19.8% | +20.1% |
| Apr 29, 2026 | ended Mar 2026 | $181.5B (+17% vs a year earlier) | $2.78 vs $1.65 (beat) | +2.1% | +5.9% |
| Feb 5, 2026 | ended Dec 2025 | $213.4B (+14% vs a year earlier) | $1.95 vs $1.96 (missed) | −9.7% | −14.3% |
| Oct 30, 2025 | ended Sep 2025 | $180.2B (+13% vs a year earlier) | — | +6.0% | +5.5% |
| Jul 31, 2025 | ended Jun 2025 | $167.7B (+13% vs a year earlier) | — | −6.7% | −3.1% |
| May 1, 2025 | ended Mar 2025 | $155.7B (+9% vs a year earlier) | — | +3.0% | +4.2% |
| Feb 6, 2025 | ended Dec 2024 | $187.8B (+10% vs a year earlier) | — | −3.0% | −2.5% |
| Oct 31, 2024 | ended Sep 2024 | $158.9B (+11% vs a year earlier) | — | +2.7% | +9.0% |
| Aug 1, 2024 | ended Jun 2024 | $148.0B (+10% vs a year earlier) | — | −10.2% | −11.3% |
| Apr 30, 2024 | ended Mar 2024 | $143.3B (+13% vs a year earlier) | — | −1.1% | +4.3% |
| Feb 1, 2024 | ended Dec 2023 | $170.0B (+14% vs a year earlier) | — | +10.7% | +9.4% |
| Oct 26, 2023 | ended Sep 2023 | $143.1B (+13% vs a year earlier) | — | +5.2% | +13.7% |
| Aug 3, 2023 | ended Jun 2023 | $134.4B (+11% vs a year earlier) | — | +8.9% | +8.1% |
| Apr 27, 2023 | ended Mar 2023 | $127.4B (+9% vs a year earlier) | — | +0.4% | −0.9% |
| Feb 2, 2023 | ended Dec 2022 | $149.2B (+9% vs a year earlier) | — | −1.7% | −6.6% |
| Oct 27, 2022 | ended Sep 2022 | $127.1B (+15% vs a year earlier) | — | −10.6% | −22.8% |
| Jul 28, 2022 | ended Jun 2022 | $121.2B (+7% vs a year earlier) | — | +11.6% | +17.9% |
| Apr 28, 2022 | ended Mar 2022 | $116.4B (+7% vs a year earlier) | — | −10.0% | −15.7% |
| Feb 3, 2022 | ended Dec 2021 | $137.4B (+9% vs a year earlier) | — | +4.7% | +5.6% |
Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dots on the line: a member of Congress whose Hunch portfolio holds AMZN filed a disclosure; its hover says what the disclosure reports of AMZN: each trade, bought or sold, with the amount range the member filed (the House asks for a range, not the amount), or in an annual report the range of the holding’s value, the ranges of its entries added up (“in all”) where the report lists AMZN more than once, in several accounts or share classes: a sum that bounds the value as the ranges do but is not a range the form offers. An annual report’s row has no latest trade. Filings: the Clerk of the House. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.
Is the business growing?
Revenue was $201.9B in the quarter ended Sep 2026, up 12% from a year earlier.
Revenue by quarter
Change from the same quarter a year earlier
Show the data
| Quarter ended | Revenue | vs a year earlier |
|---|---|---|
| Dec 2022 | $149.2B | +9% |
| Mar 2023 | $127.4B | +9% |
| Jun 2023 | $134.4B | +11% |
| Sep 2023 | $143.1B | +13% |
| Dec 2023 | $170.0B | +14% |
| Mar 2024 | $143.3B | +13% |
| Jun 2024 | $148.0B | +10% |
| Sep 2024 | $158.9B | +11% |
| Dec 2024 | $187.8B | +10% |
| Mar 2025 | $155.7B | +9% |
| Jun 2025 | $167.7B | +13% |
| Sep 2025 | $180.2B | +13% |
| Dec 2025 | $213.4B | +14% |
| Mar 2026 | $181.5B | +17% |
| Jun 2026 | $200.6B | +20% |
| Sep 2026 | $201.9B | +12% |
Revenue went from $514.0B in FY22 to $716.9B in FY25; net income from −$2.7B to $77.7B.
RevenueNet income
Show the data
| Fiscal year | Revenue | Net income |
|---|---|---|
| FY22 | $514.0B | −$2.7B |
| FY23 | $574.8B | $30.4B |
| FY24 | $638.0B | $59.2B |
| FY25 | $716.9B | $77.7B |
Revenue by productFiscal years, from Amazon.com's 10-K
In the fiscal year to Dec 2025, Online stores was 38% and Third-party seller services was 24% of revenue; Online stores fell from 40% in the fiscal year to Dec 2023.
Online storesThird-party seller servicesAWSAdvertising servicesSubscription servicesOther
Show the data
| Fiscal year | Part | Revenue | Share |
|---|---|---|---|
| FY2023 | Online stores | $231.9B | 40% |
| FY2023 | Third-party seller services | $140.1B | 24% |
| FY2023 | AWS | $90.8B | 16% |
| FY2023 | Advertising services | $46.9B | 8% |
| FY2023 | Subscription services | $40.2B | 7% |
| FY2023 | Other | $25.0B | 4% |
| FY2024 | Online stores | $247.0B | 39% |
| FY2024 | Third-party seller services | $156.1B | 24% |
| FY2024 | AWS | $107.6B | 17% |
| FY2024 | Advertising services | $56.2B | 9% |
| FY2024 | Subscription services | $44.4B | 7% |
| FY2024 | Other | $26.6B | 4% |
| FY2025 | Online stores | $269.3B | 38% |
| FY2025 | Third-party seller services | $172.2B | 24% |
| FY2025 | AWS | $128.7B | 18% |
| FY2025 | Advertising services | $68.6B | 10% |
| FY2025 | Subscription services | $49.6B | 7% |
| FY2025 | Other | $28.5B | 4% |
Revenue by regionFiscal years, from Amazon.com's 10-K
In the fiscal year to Dec 2025, North America was 59% and International was 23% of revenue; AWS rose from 16% in the fiscal year to Dec 2023.
North AmericaInternationalAWS
Show the data
| Fiscal year | Part | Revenue | Share |
|---|---|---|---|
| FY2023 | North America | $352.8B | 61% |
| FY2023 | International | $131.2B | 23% |
| FY2023 | AWS | $90.8B | 16% |
| FY2024 | North America | $387.5B | 61% |
| FY2024 | International | $142.9B | 22% |
| FY2024 | AWS | $107.6B | 17% |
| FY2025 | North America | $426.3B | 59% |
| FY2025 | International | $161.9B | 23% |
| FY2025 | AWS | $128.7B | 18% |
Earnings per shareDiluted, GAAP
EPS, quarter ended Sep 2026
$1.89−3% on a year earlier
A year earlier $1.95
EPS, last four quarters
$12.37+75% on the four before
Diluted, from SEC filings
PEG, on the last year's growth
0.3
The P/E of 21.6× over the 75% EPS growth of the last four quarters; near 1 or below is cheap for the growth
Quarters: Amazon.com, Inc.'s SEC filings, named by the month they end. Fiscal years: Amazon.com, Inc.'s annual reports to the SEC.
How it makes money
Of every $100 in revenue, $10.8 ends up as net income. Net margin rose from −0.5% to 10.8% over the past 3 years.
Where each $1 of revenue goesFiscal year ended 2025-12-31
RevenueGross profitOperating incomeNet income
Revenue
Total sales
$716.9B100%
Gross profit
Revenue minus direct costs
$360.5B50.3% of revenue
Cost of revenue
Direct cost of making or buying goods
$356.4B49.7% of revenue
Operating income
Profit from the core business
$80.0B11.2% of revenue
Operating expenses
R&D, marketing and admin
$280.5B39.1% of revenue
Net income
What is left for shareholders after tax
$77.7B10.8% of revenue
Taxes & other
Income tax and non-operating items
$2.3B0.4% of revenue
Margins by quarter
Gross 53.2%Operating 13.9%Net 10.2%
Show the data
| Quarter ended | Gross | Operating | Net |
|---|---|---|---|
| Dec 2022 | 42.6% | 1.8% | 0.2% |
| Mar 2023 | 46.8% | 3.7% | 2.5% |
| Jun 2023 | 48.4% | 5.7% | 5.0% |
| Sep 2023 | 47.6% | 7.8% | 6.9% |
| Dec 2023 | 45.5% | 7.8% | 6.3% |
| Mar 2024 | 49.3% | 10.7% | 7.3% |
| Jun 2024 | 50.1% | 9.9% | 9.1% |
| Sep 2024 | 49.0% | 11.0% | 9.6% |
| Dec 2024 | 47.3% | 11.3% | 10.7% |
| Mar 2025 | 50.6% | 11.8% | 11.0% |
| Jun 2025 | 51.8% | 11.4% | 10.8% |
| Sep 2025 | 50.8% | 9.7% | 11.8% |
| Dec 2025 | 48.5% | 11.7% | 9.9% |
| Mar 2026 | 51.8% | 13.1% | 16.7% |
| Jun 2026 | 52.3% | 13.7% | 31.2% |
| Sep 2026 | 53.2% | 13.9% | 10.2% |
Circled: Jun 2026 (net 31.2%, operating 13.7%). Net margin is usually about 1 point below operating margin; in that quarter something below operating income (a tax charge or benefit, a gain or loss on investments, a write-down) moved it, not the business itself.
Gross margin, fiscal year
50.3%
+6.5 pts over 3 years
Operating margin, fiscal year
11.2%
+8.8 pts over 3 years
Net margin, fiscal year
10.8%
+11.4 pts over 3 years
Each margin is that line of the income statement divided by revenue. Fiscal year: Amazon.com, Inc.'s annual reports to the SEC; quarters: SEC filings.
Is inventory piling up?
Amazon.com held $42.6B of inventory at the end of Sep 2026, up 2.7% from a year earlier, while its revenue for the quarter rose 12.1% against the same quarter a year earlier. Inventory lagged sales by 9.3 points. At the last four quarters' cost of sales, the inventory would last 40 days, against 44 a year earlier.
Inventory
$42.6B
At the end of Sep 2026, +2.7% on a year earlier
Revenue against a year earlier
+12.1%
Quarter ended Sep 2026
Inventory days
40
44 a year earlier
Inventory against revenue, change from a year earlierBy quarter
Inventory +2.7%Revenue +12.1%
Inventory days over five years
Amazon.com 40 days
Gross margin over five years
Amazon.com 53.2%
Show the data
| Quarter ended | Inventory | vs a year earlier | Revenue vs a year earlier | Inventory days |
|---|---|---|---|---|
| Dec 2023 | $33.3B | −3.2% | +13.9% | 40 |
| Mar 2024 | $31.1B | −8.8% | +12.5% | 37 |
| Jun 2024 | $34.1B | −6.8% | +10.1% | 40 |
| Sep 2024 | $36.1B | +2.0% | +11.0% | 41 |
| Dec 2024 | $34.2B | +2.7% | +10.5% | 38 |
| Mar 2025 | $35.9B | +15.1% | +8.6% | 40 |
| Jun 2025 | $40.8B | +19.7% | +13.3% | 44 |
| Sep 2025 | $41.5B | +14.9% | +13.4% | 44 |
| Dec 2025 | $38.3B | +12.0% | +13.6% | 39 |
| Mar 2026 | $36.5B | +1.9% | +16.6% | 36 |
| Jun 2026 | $38.2B | −6.5% | +19.6% | 36 |
| Sep 2026 | $42.6B | +2.7% | +12.1% | 40 |
From Amazon.com, Inc.'s SEC filings: inventory at each quarter end, against the same quarter end a year earlier, and the quarter's revenue against the same quarter a year earlier. Inventory days: inventory over the cost of sales of the four quarters to that date, times 365. Gross margin: gross profit over revenue, by quarter.
Customers and suppliers
In its latest annual report Amazon.com sells to Anthropic; it names no suppliers.
Along the supply chainTwo steps either way, as each company’s latest annual report names the others
Their suppliers
Afterpay XYZto e.l.f. Beauty
PayPal PYPLto e.l.f. Beauty
SAP SAPto e.l.f. Beauty
B
Blue Ridge Commerce Center Westto Applied Optoelectronics
C
Colemanto Applied Optoelectronics
H
Hightower Phase I Ownerto Applied Optoelectronics
Amkor Technology AMKRto Astera Labs, Credo Technology Group Holding
ASE Technology ASXto Astera Labs, Credo Technology Group Holding
TSMC TSMto Astera Labs, Cerebras Systems +1
Suppliers
AMZNAmazon.comCustomers
Anthropic ANT
Aurora Innovation AUR
Celsius Holdings CELH
Cerebras Systems CBRS
Clover Health Investments CLOV
CrowdStrike Holdings CRWD
Galaxy Digital GLXY
Hims & Hers Health HIMS
Infleqtion INFQ
Innodata INOD
IonQ IONQ
MongoDB MDB
Netflix NFLX
Palantir PLTR
Quantum Computing QUBT
Reddit RDDT
Rigetti Computing RGTI
Rivian RIVN
Roblox RBLX
Snap SNAP
Snowflake SNOW
SoFi Technologies SOFI
Strategy (MicroStrategy) MSTR
Tempus AI TEM
Webull BULL
Workday WDAY
Xanadu Quantum Technologies XNDU
Zoom Communications ZM
Their customers
Uber UBERfrom Aurora Innovation
FedEx FDXfrom Aurora Innovation
Hirschbachfrom Aurora Innovation
PepsiCo PEPfrom Celsius Holdings
G42from Cerebras Systems
OpenAIfrom Cerebras Systems
Forward Industries FWDIfrom Galaxy Digital
Partners
Anthropic ANTAmazon.com invested in it · Convertible notes and nonvoting preferred stock investment$2.7 billion invested in 2025Rivian RIVNAmazon.com invested in it · Equity investmentPlatforms
CrowdStrike Holdings CRWDsells through Amazon.com · Distributes Falcon through AWS Marketplace
D-Wave Quantum QBTSsells through Amazon.com · Marketplace sells Leap and professional servicesIonQ IONQsells through Amazon.com · Distributes quantum computing access through Amazon Braket
Nu Holdings NUAmazon.com sells through it · Offers non-financial services through Nu's marketplace
Palo Alto Networks PANWsells through Amazon.com · Sells virtual firewalls through cloud marketplaceChanges since the previous annual report (10-K filed Feb 7, 2025)
Anthropic ANTNow also a customerRivian RIVNNo longer a supplier, still a partnerNamed in other companies’ filings
Kohl's KSSAmazon.com invested in it · Affiliate holds warrants under commercial agreementWarrants for 1,747,441 shares, vested and unexercised as of January 31, 2026; $69.68 exercise price
Ouster OUSTAmazon.com invested in it · Holds warrants linked to commercial purchasesWarrant for up to 3,271,970 shares; 2,728,985 vested; $50.57 exercise price; representing 5.2% of outstanding common stock as of February 25, 2026
Applied Optoelectronics AAOIAmazon.com invested in it · Holds warrant to purchase common stock
Astera Labs ALABAmazon.com invested in it · Holds warrants to purchase common stockUp to 3,262,299 shares at $142.82 per share; February 5, 2026 warrant agreementCerebras Systems CBRSAmazon.com invested in it · Receives warrant tied to product purchasesCommitment to issue warrant for up to 2,696,678 Class N shares at $100.00 per share
Credo Technology Group Holding CRDOAmazon.com invested in it · Equity ownership through customer warrant exercise3.8 million shares net issued as of May 2, 2026IonQ IONQAmazon.com invested in it · Holds warrant to purchase IonQ shares
Jabil JBLAmazon.com invested in it · Holds warrant tied to product purchasesWarrant for up to 1,158,539 ordinary shares, issued December 27, 2024
Plug Power PLUGAmazon.com invested in it · Holds warrants linked to commercial arrangementWarrant to acquire up to 16,000,000 common shares, issued August 24, 2022Rivian RIVNAmazon.com invested in it · Holds Rivian shares and a warrant12.7% of voting power as of December 31, 2025, including warrant for 3,723,050 Class A shares
AMC Entertainment Holdings AMCdistribution deal with it · Sell AMC popcorn products online
American Express AXPdistribution deal with it · Small business cobrand cards and rewards redemptionCelsius Holdings CELHdistribution deal with it · Provides online sales channel for products
Cognizant Technology Solutions CTSHcalls it a partner · Enterprise platform services
EchoStar SATSdistribution deal with it · Provides online indirect sales channel
Everpure Pcalls it a partner · Cloud technology ecosystem
IBM IBMcalls it a partner · Strategic partnership delivering client solutions
L3Harris Technologies LHXco-develops with it · Develop new capabilities for customersMongoDB MDBdistribution deal with it · Joint marketing and technology integrationsStrategy (MicroStrategy) MSTRdistribution deal with it · Resell, support, or extend Strategy platformWorkday WDAYcalls it a partner · Cloud infrastructure partnershipShow the filing's words
| Company | Role | In the filing's words |
|---|---|---|
| Anthropic | partner · Amazon.com invested in it | “We made cash payments, net of acquired cash, related to acquisition and other investment activity of $7.1 billion and $3.8 billion in 2024 and 2025, which primarily reflect investments in convertible notes from Anthropic, PBC (“Anthropic”), including $2.7 billion we invested in 2025.” |
| Anthropic | customer | “In Q4 2025, we invested $1.4 billion in a new convertible note from Anthropic....We also have a commercial arrangement primarily for the provision of AWS cloud services, which includes the use of AWS chips.” |
| Rivian | partner · Amazon.com invested in it | “Our equity and equity warrant investments in publicly traded companies, which include our equity investment in Rivian, represent $5.0 billion of our investments as of December 31, 2025, and are recorded at fair value, which is subject to market price volatility.” |
| AMC Entertainment Holdings (10-K filed Feb 23, 2026) | distribution deal with it | “We offer ready-to-eat and microwaveable AMC Theatres Perfectly Popcorn products that are available for purchase in well-known grocery stores around the country or on-line via Amazon.com.” |
| American Express (10-K filed Feb 6, 2026) | distribution deal with it | “We also may not renew certain relationships, such as our Amazon and Lowe’s small business cobrand portfolios, which, as previously disclosed, have been reclassified to held for sale on our Consolidated Balance Sheets....For example, our two largest redemption partners are Amazon and Delta.” |
| Applied Optoelectronics (10-K filed Feb 26, 2026) | calls it a customer | “The remaining 6,621,166 Warrant Shares may vest over the next 10 years, dependent on aggregate purchases by or on behalf of Amazon and its affiliates of $4 billion of the Company's products over this time period. The Company accounts for the Customer Warrant as an equity classified share-based consideration to a customer and will recognize the grant-date fair value of the Customer Warrant as a reduction of revenue from Amazon as the related goods or services are transferred.” |
| Applied Optoelectronics (10-K filed Feb 26, 2026) | Amazon.com invested in it | “Warrant to Purchase Common Stock of Applied Optoelectronics, Inc. by and between Applied Optoelectronics, Inc. and Amazon.com NV Investment Holdings LLC, dated as of March 13, 2025” |
| Astera Labs (10-K filed Feb 20, 2026) | calls it a customer | “In October 2022, the Company issued a warrant to Amazon NV Investment Holdings LLC (“Holder”) to purchase an aggregate of up to 1,484,230 shares of Common Stock at an exercise price of $20.34 per share (the “Customer Warrant”)....The remainder of the shares underlying the Customer Warrant may vest and become exercisable over the contract term, contingent upon the achievement of performance conditions, comprised of specified tranches of global payments by the Holder and its affiliates to the Company.” |
| Astera Labs (10-K filed Feb 20, 2026) | Amazon.com invested in it | “On February 5, 2026, the Company entered into a Warrant Agreement with Amazon.com NV Investment Holdings LLC, to acquire up to an aggregate of 3,262,299 shares of common stock at an exercise price of $142.82 per share (the “2026 Warrant”).” |
| Aurora Innovation (10-K filed Feb 11, 2026) | calls it a supplier | “We currently rely on Amazon Web Services (“AWS”) to host our technology and support our technology development.” |
| Celestica (10-K filed Feb 27, 2026) | calls it a customer | “Our CCS segment customers include Amazon Fulfillment Services, Inc., Meta Platforms, Inc., Google Inc., Ciena Corporation, Dell Technologies, Hewlett-Packard Enterprise, and IBM Corporation, Inc.” |
| Celsius Holdings (10-K filed Mar 2, 2026) | distribution deal with it | “Additionally, our products are available online through leading e-commerce platforms, including Amazon, Shopify, Instacart and Walmart.com, ensuring broad accessibility for consumers.” |
| Celsius Holdings (10-K filed Mar 2, 2026) | calls it a supplier | “Our reliance on cloud service providers such as Amazon Web Services, Microsoft Azure and other third-party platforms exposes us to risks from service interruptions, outages or security failures outside of our control.” |
| Cerebras Systems (424B4 filed May 14, 2026) | calls it a customer | “In March 2026, the Company entered into a term sheet with Amazon Web Services, Inc. for a multi-year strategic collaboration to deploy AI inference compute infrastructure and related services. The arrangement contemplates an initial deployment under multi-year lease arrangements, with associated recurring payments, subject to the achievement of specified technical milestones and potential expansion through additional system deployments, capacity allocations and hardware purchase options.” |
| Cerebras Systems (424B4 filed May 14, 2026) | Amazon.com invested in it | “The term sheet also includes a binding commitment for us to issue a warrant to purchase up to 2,696,678 shares of our Class N common stock to AWS, at an exercise price of $100.00 per share, with vesting tied to product purchases in volumes substantially beyond the initial lease, as well as certain other triggers.” |
| Cerebras Systems (424B4 filed May 14, 2026) | calls it a supplier | “In order to support a cloud-based business model, we also incur additional IT and personnel costs to service and manage our clusters, including managing and optimizing capacity allocations and utilization rates, as well as rely on third-party infrastructure, such as AWS for certain data transmission needs.” |
| Clover Health Investments (10-K filed Feb 27, 2026) | calls it a supplier | “We rely on cloud service providers, such as Amazon Web Services and Google Cloud, to provide the cloud computing infrastructure that we use to host our platform, products, and many of the internal tools we use to operate our business.” |
| Cognizant Technology Solutions (10-K filed Feb 12, 2026) | calls it a partner | “We work closely with partners including Amazon Web Services, Cisco, Google, Microsoft, Oracle, Pegasystems, Salesforce, SAP, ServiceNow, Workday and many others.” |
| Credo Technology Group Holding (10-K filed Jun 15, 2026) | calls it a customer | “The Company accounts for the warrant issued to Amazon.com NV Investment Holdings LLC as an equity instrument, based on the specific terms of the warrant agreement. When management determines that it is probable that a tranche of the warrant will vest and we recognize the related revenue, the grant date fair value of the associated tranche will be recognized in shareholders’ equity and the underlying expense amortized as a reduction of revenue in proportion to the amount of related revenue recognized.” |
| Credo Technology Group Holding (10-K filed Jun 15, 2026) | Amazon.com invested in it | “During fiscal year 2022, the Company issued a warrant to Amazon.com NV Investment Holdings LLC (Holder) to purchase an aggregate of up to 4.1 million of our ordinary shares at an exercise price of $10.74 per share (the Customer Warrant)....As of May 2, 2026, the Holder has exercised all Customer Warrant shares, resulting in a net issuance of 3.8 million shares after 0.3 million shares withheld for exercise price.” |
| CrowdStrike Holdings (10-K filed Mar 5, 2026) | sells through Amazon.com | “Falcon for AWS, available in the AWS Marketplace, allows customers to easily purchase and take advantage of the metered billing (pay-as-you-go) pricing option to scale their consumption as their business needs change.” |
| CrowdStrike Holdings (10-K filed Mar 5, 2026) | calls it a supplier | “We currently host our Falcon platform and serve our customers using a mix of third-party data centers, primarily Amazon Web Services, Inc., or AWS, and our data centers, hosted in colocation facilities.” |
| D-Wave Quantum (10-K filed Feb 26, 2026) | sells through Amazon.com | “•Our partner strategy involves: (1) expanding our reach and ability to deliver integrated solutions to customers via Systems Integrator (“SI”) professional services firms such as Deloitte and PWC - bringing deep industry expertise and customer relationships, and augmenting our delivery capabilities for hybrid-quantum solutions; (2) enabling customers to purchase Leap and our Launch professional services offerings through AWS Marketplace, creating convenience and ease-of-procurement for customers already on AWS; and (3) continuing to build reseller and Independent Software Vendor (“ISV”) partner relationships with global and regional entities such as NEC, Carahsoft Technology Corp. ("Carahsoft") and Staque.” |
| EchoStar (10-K filed Mar 2, 2026) | distribution deal with it | “We have both an indirect sales channel, which includes third-party owned retail stores and big box stores, as well as online through Amazon and Apple, and a direct sales channel, which services customers online through each respective brand’s website.” |
| Everpure (10-K filed Mar 25, 2026) | calls it a partner | “Our technology partners include application partners such as VMware, RedHat, Nutanix, Microsoft, Oracle and SAP, cloud partners such as Microsoft Azure, AWS, Google, and IBM, data protection partners such as Commvault, Rubrik and Veeam, and infrastructure partners such as Cisco and NVIDIA.” |
| Galaxy Digital (10-K filed Feb 26, 2026) | calls it a supplier | “For instance, we rely on computing infrastructure operated by Amazon Web Services (“AWS”) and Microsoft Azure (“Azure”) to host or operate some or all of certain key products or functions of our business.” |
| Hims & Hers Health (10-K filed Feb 23, 2026) | calls it a supplier | “We currently host our platform, serve our customers and support our operations in the United States using Amazon Web Services (“AWS”), a provider of cloud infrastructure services, and through Partner Pharmacies, Manufacturing Suppliers, and other third-party service providers, including shipping providers and contract manufacturers.” |
| IBM (10-K filed Feb 24, 2026) | calls it a partner | “Our strategic partners include: Adobe, Amazon Web Services (AWS), Microsoft, Oracle, Palo Alto Networks, Salesforce, Samsung Electronics and SAP, among others.” |
| Infleqtion (10-K filed Mar 31, 2026) | calls it a supplier | “We currently offer our Superstaq service on public clouds provided by Google Cloud and Amazon AWS.” |
| Innodata (10-K filed Feb 26, 2026) | calls it a supplier | “We host data and applications in our own data centers at our operations centers, in our customers’ data centers, and on third-party cloud services including Amazon Web Services (“AWS”), Microsoft Azure (“Azure”), Oracle Cloud Infrastructure (“OCI”), and Google Cloud Platform (“GCP”) that provide the benefit of “infinite scalability” of information technology resources.” |
| IonQ (10-K filed Feb 25, 2026) | Amazon.com invested in it | “Warrant to Purchase Shares, dated November 27, 2019, issued to Amazon.com NV Investment Holdings LLC by IonQ, Inc.” |
| IonQ (10-K filed Feb 25, 2026) | sells through Amazon.com | “We provide access to our quantum computing solutions via AWS’s Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, and sell access directly to select customers via our own cloud service.” |
| IonQ (10-K filed Feb 25, 2026) | calls it a supplier | “We currently offer our QCaaS on public clouds provided by AWS’s Braket, Microsoft’s Azure Quantum, and the Google Cloud Marketplace.” |
| Jabil (10-K filed Oct 23, 2026) | calls it a customer | “On December 27, 2024, the Company issued a warrant (the “Warrant”) to Amazon.com NV Investment Holdings LLC (“Warrantholder”) to acquire up to 1,158,539 ordinary shares of the Company (“Warrant Shares”) at an initial exercise price of $137.7671 per share, which is the preceding 30 trading day VWAP....The Warrant Shares are subject to vesting for payments for purchased products and services over the seven-year Warrant term, with 59,582 of the Warrant Shares having vested upon issuance.” |
| Jabil (10-K filed Oct 23, 2026) | Amazon.com invested in it | “On December 27, 2024, the Company issued a warrant (the “Warrant”) to Amazon.com NV Investment Holdings LLC (“Warrantholder”) to acquire up to 1,158,539 ordinary shares of the Company (“Warrant Shares”) at an initial exercise price of $137.7671 per share, which is the preceding 30 trading day VWAP.” |
| Kohl's (10-K filed Mar 19, 2026) | Amazon.com invested in it | “Effective April 18, 2019, in connection with our entry into a commercial agreement with Amazon.com Services, Inc. (“Amazon”), we issued warrants to an affiliate of Amazon, to purchase up to 1,747,441 shares of our common stock at an exercise price of $69.68, subject to customary anti-dilution provisions....The last installment vested on January 15, 2024 and all 1,747,441 shares were vested and unexercised as of January 31, 2026.” |
| Kratos Defense & Security Solutions (10-K filed Feb 23, 2026) | calls it a customer | “A representative list of non-government customers during 2025 included tier one, large U.S. Government contractors and system integrators such as Northrop Grumman, Lockheed Martin, General Dynamics, Raytheon Technologies, BAE Systems, and L3Harris, as well as Intelsat (acquired by SES), Blue Halo (acquired by AeroVironment), Microsoft, Amazon, Airbus, Siemens, Rolls Royce, Boom, GE Aerospace and others.” |
| L3Harris Technologies (10-K filed Feb 12, 2026) | co-develops with it | “We also collaborate with innovative partners, such as our strategic partnerships with Palantir Technologies, Shield Capital, Anduril and Amazon Kuiper to develop new capabilities to meet the demands of our customers.” |
| MongoDB (10-K filed Mar 11, 2026) | distribution deal with it | “For example, we have expanded our business partnerships with all three major cloud providers (AWS, GCP and Microsoft Azure) to enhance our joint marketing initiatives, deliver technology integrations that benefit customers and align with our sales strategy.” |
| MongoDB (10-K filed Mar 11, 2026) | calls it a supplier | “We outsource substantially all of the infrastructure relating to Atlas across AWS, Microsoft Azure and GCP to host our cloud offering.” |
| Netflix (10-K filed Jan 23, 2026) | calls it a supplier | “Despite these measures and technologies we, our payment processing services or other third-party services we use such as AWS, could experience an unauthorized intrusion into our members’ information.” |
| Nu Holdings (20-F filed Apr 8, 2026) | Amazon.com sells through it | “For example, we have partnered with big retailers in Brazil, such as Amazon, Casas Bahia, Magalu and Epay to offer non-financial services through our marketplace.” |
| Ouster (10-K filed Mar 2, 2026) | calls it a customer | “The Amazon Warrant is subject to vesting; 50% of the unvested Amazon Warrant as of the date of the Velodyne Merger vested as a result of the Velodyne Merger and the remainder will vest over time based on payments by Amazon or its affiliates to us in connection with Amazon’s purchase of goods and services from us.” |
| Ouster (10-K filed Mar 2, 2026) | Amazon.com invested in it | “Amazon.com NV Investment Holdings LLC, a wholly-owned subsidiary of Amazon.com, Inc. (“Amazon”), holds a warrant (“Amazon Warrant”) to acquire, following customary antidilution adjustments, up to an aggregate of 3,271,970 (2,728,985 of which are currently vested) shares of our common stock at an exercise price of $50.57 per share, representing 5.2% of our outstanding common stock as of February 25, 2026.” |
| Palantir (10-K filed Feb 17, 2026) | calls it a supplier | “We rely on the technology, infrastructure, and software applications, including software-as-a-service offerings, of certain third parties, such as AWS and Microsoft Azure, in order to host or operate some or all of certain key technology platform features or functions of our business, including our cloud-based services (including Palantir Cloud, as defined in the section titled “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Components of Results of Operations”), customer relationship management activities, billing and order management, cybersecurity program, and financial accounting services.” |
| Palo Alto Networks (10-K filed Sep 10, 2026) | sells through Amazon.com | “For example, our VM-Series virtual firewalls are sold on Amazon’s AWS Marketplace, Microsoft’s Azure Marketplace, Alphabet’s Google Cloud Marketplace, and Oracle Corporation’s Oracle Cloud Marketplace either directly to end-customers or as part of the respective cloud hosting service provider’s offerings under a usage-based licensing model.” |
| Plug Power (10-K filed Mar 2, 2026) | calls it a customer | “The Company and Amazon entered into the 2022 Amazon Transaction Agreement in connection with a concurrent commercial arrangement under which Amazon agreed to purchase hydrogen fuel from the Company through August 24, 2029.” |
| Plug Power (10-K filed Mar 2, 2026) | Amazon.com invested in it | “On August 24, 2022, the Company and Amazon.com, Inc. (“Amazon”) entered into a Transaction Agreement (the “2022 Transaction Agreement”), under which the Company concurrently issued to Amazon.com NV Investment Holdings LLC, a wholly owned subsidiary of Amazon, a warrant (the “Amazon Warrant”) to acquire up to 16,000,000 shares of the Company’s common stock (the “Amazon Warrant Shares”), subject to certain vesting events described below, as discussed in Note 18, “Share-Based Consideration Payable to a Customer.”” |
| Quantum Computing (10-K filed Mar 2, 2026) | calls it a supplier | “Our products and services may from time to time incorporate high-performance classical computing through public clouds to provide services to end users and our partners. These public cloud services are predominantly on Amazon Web Services at the present time.” |
| Reddit (10-K filed Feb 6, 2026) | calls it a supplier | “We primarily use Amazon Web Services and Google Cloud Platform for our hosting requirements.” |
| Rigetti Computing (10-K filed Mar 4, 2026) | calls it a customer | “We also have distribution relationships with customers like Amazon Web Services, Microsoft Azure and Strangeworks.” |
| Rigetti Computing (10-K filed Mar 4, 2026) | calls it a supplier | “Although alternative data center providers could host our business on a substantially similar basis to AWS, transitioning the cloud infrastructure currently hosted by AWS to alternative providers could potentially be disruptive, and we could incur significant one-time costs.” |
| Rivian (10-K filed Feb 12, 2026) | calls it a customer | “We launched the Rivian Commercial Van platform, which underpins the Electric Delivery Van (“EDV”) variant, designed and engineered by Rivian in collaboration with Amazon.com, Inc. and its affiliates (collectively, “Amazon”), our first commercial customer....Amazon has ordered an initial volume of 100,000 EDVs globally, subject to modification.” |
| Rivian (10-K filed Feb 12, 2026) | Amazon.com invested in it | “Amazon is the parent company of both Logistics and Amazon.com NV Investment Holdings LLC, which beneficially owns shares of our capital stock (including shares issuable upon the exercise of a warrant to purchase 3,723,050 shares of Class A common stock, as amended) representing 12.7% of our voting power as of December 31, 2025.” |
| Rivian (10-K filed Feb 12, 2026) | calls it a supplier | “We primarily rely on Amazon Web Services in the United States to host our cloud computing and storage needs.” |
| Roblox (10-K filed Feb 11, 2026) | calls it a supplier | “For some of our databases, object storage, message queuing services, and bursting during large user peaks, we primarily leverage Amazon Web Services to augment our owned and operated infrastructure....We utilize these distribution channels, such as Amazon, Apple, Blackhawk, ePay, Google, Incomm, PayPal, Stripe, Microsoft, Sony’s PlayStation Network, and Xsolla, to receive cash proceeds from purchases of Robux.” |
| Snap (10-K filed Feb 5, 2026) | calls it a supplier | “Google and Amazon provide distributed computing infrastructure platforms for business operations, commonly referred to as a “cloud” computing service. We currently run the vast majority of our computing on Google Cloud and AWS and have built our software and computer systems to use computing, storage capabilities, bandwidth, and other services provided by Google Cloud and AWS.” |
| Snowflake (10-K filed Mar 20, 2026) | calls it a supplier | “We currently offer our platform on the public clouds provided by AWS, Azure, and GCP, which are also some of our primary competitors. Currently, a substantial majority of our business is run on the AWS public cloud.” |
| SoFi Technologies (10-K filed Feb 17, 2026) | calls it a supplier | “We rely on certain third-party computer systems or third-party service providers, including cloud technology providers such as AWS, internet service providers, payment services providers, including for our self-serve global remittance product, market and third-party data providers, regulatory and compliance services providers, clearing systems, market makers and other liquidity providers, exchange systems, banking technology systems, co-location facilities, communications facilities and other facilities to run our platform, facilitate trades by our members and support or carry out certain functions.” |
| Strategy (MicroStrategy) (10-K filed Feb 19, 2026) | distribution deal with it | “Strategy has established strategic partnerships with a wide variety of third-party vendors, including cloud hosting providers (AWS, Microsoft, STACKIT, and Google), system integrators, consulting firms, value added resellers ("VARs"), managed service providers ("MSPs"), and independent software vendors ("ISVs"). These firms resell, support, or extend the Strategy platform for a variety of commercial purposes, and our agreements with them generally provide non-exclusive rights to our software, marketing materials, product training, and direct sales force for field-level assistance.” |
| Strategy (MicroStrategy) (10-K filed Feb 19, 2026) | calls it a supplier | “In addition, we serve our customers and manage certain critical internal processes using a third-party data center hosting facility located in the United States and other third-party services, including AWS, Azure, Google, and other cloud services.” |
| Tempus AI (10-K filed Feb 24, 2026) | calls it a supplier | “In addition to suppliers who provide products supporting our provision of laboratory tests, we have cloud agreements with both AWS and Google.” |
| United Parcel Service (10-K filed Feb 17, 2026) | calls it a customer | “In 2025, one customer, Amazon.com, Inc. and its affiliates, represented approximately 10.6% of our consolidated revenues, substantially all of which was within our U.S. Domestic Package segment.” |
| Webull (20-F filed Apr 9, 2026) | calls it a supplier | “We currently host our platform and support our operations on data centers provided by Amazon Web Services, or AWS, a third-party provider of cloud infrastructure services.” |
| Workday (10-K filed Mar 6, 2026) | calls it a partner | “Strategic partnerships with public cloud providers, including Amazon Web Services, Inc. (“AWS”) and Google Cloud, allow our customers to innovate with modern cloud infrastructure services while reducing their committed spend on cloud.” |
| Workday (10-K filed Mar 6, 2026) | calls it a supplier | “For example, we leverage software and services for development tools and to deliver applications from many third-party suppliers including AWS and Google Cloud.” |
| Xanadu Quantum Technologies (20-F filed Apr 9, 2026) | calls it a supplier | “We currently offer PennyLane on public clouds provided by AWS’s Amazon Braket and IBM Quantum.” |
| Zoom Communications (10-K filed Feb 27, 2026) | calls it a supplier | “We also utilize cloud hosting services such as Amazon Web Services and Oracle Cloud for the hosting of certain critical aspects of our business and Microsoft Azure for limited customer-specified managed services.” |
| e.l.f. Beauty (10-K filed May 21, 2026) | calls it a customer | “Our largest customers, Target, Walmart, Amazon and Sephora, accounted for 18%, 13%, 11% and 10%, respectively, of our net sales in the fiscal year ended March 31, 2026.” |
Only the companies Amazon.com names in its 10-K filed Feb 6, 2026 (SEC). Named in other companies' filings: those whose own latest annual report or an 8-K since names Amazon.com. The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Platforms: an app store, a console maker or a marketplace one company sells through and pays a share or a fee; not supply, so not on the chain. Hover a name for the filing's own words.
Is it expensive?
P/E of 21.6x, below the peer median of 39.6x, but earnings are expected to fall, so the discount may be deserved.
21.6×P/E (trailing)
Priced 45% below the peer median of 39.6x.
Vs. peersP/E, trailing (x)
AMZNPeersPeer median 39.6x
Show the data
| Company | P/E (trailing) |
|---|---|
| DASH · DoorDash, Inc. | 71.6× |
| MELI · MercadoLibre, Inc. | 39.6× |
| EBAY · eBay Inc. | 26.2× |
| AMZN · Amazon.com, Inc. | 21.6× |
Against its own past five yearsTrailing P/E
At 21.6× trailing earnings AMZN is below most of its five-year range; the five-year median is 48.6×.
Trailing P/EMiddle half of five years 34.2×–75.9×Median 48.6×
Show the data
| Date | Trailing P/E |
|---|---|
| Nov 8, 2021 | 68.0× |
| Feb 8, 2022 | 49.7× |
| May 10, 2022 | 52.3× |
| Aug 10, 2022 | 127× |
| Nov 8, 2022 | 82.6× |
| May 10, 2023 | 269× |
| Aug 10, 2023 | 110× |
| Nov 8, 2023 | 74.0× |
| Feb 9, 2024 | 59.9× |
| May 10, 2024 | 52.4× |
| Aug 12, 2024 | 39.8× |
| Nov 8, 2024 | 44.5× |
| Feb 12, 2025 | 41.4× |
| May 14, 2025 | 34.2× |
| Aug 14, 2025 | 35.2× |
| Nov 12, 2025 | 34.5× |
| Feb 13, 2026 | 27.7× |
| May 15, 2026 | 31.6× |
| Aug 17, 2026 | 21.0× |
| Nov 12, 2026 | 21.6× |
Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.
What analysts expect
The average analyst price target is $327, 22% above the current price; 95% of 61 analysts rate it a buy; earnings beat estimates in 2 of the last 4 quarters.
12-month price targetsCurrent price $267.44
12 mo agoTodayIn 12 mo
High target
$405+51%
Average target
$327+22%
Low target
$230−14%
Ratings61 analysts
Strong Buy 14Buy 44Hold 3Sell 0Strong Sell 0
Buy or Strong Buy: 58 analysts (95%). Sell or Strong Sell: 0.
Targets and ratings over the past year143 changes by 37 firms
Over the past year the average of the analysts' latest price targets went from $290.23 to $333.56 (+15%), while AMZN went from $237.58 to $267.44 (+13%). In the past three months targets were raised 8 times and cut 11 times. No upgrades and 2 downgrades over the year; the latest: DA Davidson moved it to Neutral from Buy on Feb 6, 2026.
Average target $333.56AMZNMiddle half of targetsDowngrade
Targets raised, by monthTargets cut
Show every change
| Date | Firm | Change | Rating | Target |
|---|---|---|---|---|
| Nov 3, 2026 | Freedom Broker | Target raised | Buy | $330.00, was $255.00 |
| Oct 31, 2026 | UBS | Target raised | Buy | $352.00, was $348.00 |
| Oct 30, 2026 | Scotiabank | Target cut | Sector Outperform | $300.00, was $325.00 |
| Oct 30, 2026 | Telsey Advisory Group | Target kept | Outperform | $335.00 |
| Oct 30, 2026 | DA Davidson | Target kept | Neutral | $250.00 |
| Oct 30, 2026 | Rosenblatt | Target kept | Buy | $360.00 |
| Oct 30, 2026 | Wells Fargo | Target cut | Overweight | $326.00, was $329.00 |
| Oct 30, 2026 | TD Cowen | Target cut | Buy | $340.00, was $350.00 |
| Oct 30, 2026 | Wedbush | Target cut | Outperform | $298.00, was $310.00 |
| Oct 30, 2026 | Morgan Stanley | Target cut | Overweight | $335.00, was $350.00 |
| Oct 30, 2026 | RBC Capital | Target kept | Outperform | $330.00 |
| Oct 30, 2026 | StoneX | Target cut | Buy | $380.00, was $400.00 |
| Oct 30, 2026 | Guggenheim | Target kept | Buy | $320.00 |
| Oct 30, 2026 | Citizens | Target cut | Market Outperform | $275.00, was $315.00 |
| Oct 30, 2026 | Keybanc | Target cut | Overweight | $345.00, was $350.00 |
| Oct 30, 2026 | Mizuho | Target raised | Outperform | $335.00, was $330.00 |
| Oct 30, 2026 | Cantor Fitzgerald | Target cut | Overweight | $280.00, was $310.00 |
| Oct 26, 2026 | UBS | Target raised | Buy | $348.00, was $318.00 |
| Oct 19, 2026 | Morgan Stanley | Target raised | Overweight | $350.00, was $335.00 |
| Oct 12, 2026 | Wells Fargo | Target cut | Overweight | $329.00, was $338.00 |
| Oct 12, 2026 | Cantor Fitzgerald | Target cut | Overweight | $310.00, was $320.00 |
| Oct 6, 2026 | Tigress Financial | Target raised | Buy | $385.00, was $315.00 |
| Oct 5, 2026 | TD Cowen | Target kept | Buy | $350.00 |
| Sep 30, 2026 | Rosenblatt | Target raised | Buy | $360.00, was $335.00 |
| Sep 3, 2026 | Wells Fargo | Target raised | Overweight | $338.00, was $328.00 |
| Jul 31, 2026 | UBS | Target raised | Buy | $318.00, was $305.00 |
| Jul 31, 2026 | Telsey Advisory Group | Target raised | Outperform | $335.00, was $315.00 |
| Jul 31, 2026 | Bernstein | Target raised | Outperform | $320.00, was $315.00 |
| Jul 31, 2026 | Citigroup | Target raised | Buy | $350.00, was $325.00 |
| Jul 31, 2026 | RBC Capital | Target raised | Outperform | $330.00, was $320.00 |
| Jul 31, 2026 | Mizuho | Target raised | Outperform | $330.00, was $320.00 |
| Jul 31, 2026 | TD Cowen | Target raised | Buy | $350.00, was $340.00 |
| Jul 31, 2026 | DA Davidson | Target kept | Neutral | $250.00 |
| Jul 31, 2026 | Wells Fargo | Target raised | Overweight | $328.00, was $322.00 |
| Jul 31, 2026 | Cantor Fitzgerald | Target cut | Overweight | $320.00, was $330.00 |
| Jul 31, 2026 | Piper Sandler | Target raised | Overweight | $320.00, was $315.00 |
| Jul 31, 2026 | Benchmark | Target raised | Buy | $400.00, was $370.00 |
| Jul 31, 2026 | Wedbush | Target raised | Outperform | $310.00, was $293.00 |
| Jul 31, 2026 | Truist Securities | Target raised | Buy | $350.00, was $320.00 |
| Jul 31, 2026 | Citizens | Target kept | Market Outperform | $315.00 |
| Jul 31, 2026 | Needham | Target kept | Buy | $300.00 |
| Jul 31, 2026 | Keybanc | Target raised | Overweight | $350.00, was $335.00 |
| Jul 31, 2026 | Rosenblatt | Target raised | Buy | $345.00, was $332.00 |
| Jul 31, 2026 | Barclays | Target raised | Overweight | $365.00, was $330.00 |
| Jul 31, 2026 | JP Morgan | Target raised | Overweight | $365.00, was $330.00 |
| Jul 28, 2026 | UBS | Target cut | Buy | $305.00, was $333.00 |
| Jul 28, 2026 | BMO Capital | Target raised | Outperform | $360.00, was $355.00 |
| Jul 28, 2026 | Mizuho | Target cut | Outperform | $320.00, was $325.00 |
| Jul 23, 2026 | Wedbush | Target kept | Outperform | $293.00 |
| Jul 21, 2026 | Wells Fargo | Target raised | Overweight | $322.00, was $313.00 |
| Jul 16, 2026 | Keybanc | Target raised | Overweight | $335.00, was $330.00 |
| Jul 15, 2026 | Citizens | Target kept | Market Outperform | $315.00 |
| Jul 8, 2026 | TD Cowen | Target cut | Buy | $340.00, was $350.00 |
| Jul 2, 2026 | Wells Fargo | Target raised | Overweight | $313.00, was $312.00 |
| May 29, 2026 | Truist Securities | Target raised | Buy | $320.00, was $310.00 |
| May 20, 2026 | Wells Fargo | Target cut | Overweight | $312.00, was $313.00 |
| May 12, 2026 | TD Cowen | Target kept | Buy | $350.00 |
| May 1, 2026 | Stifel | Target raised | Buy | $319.00, was $294.00 |
| Apr 30, 2026 | Telsey Advisory Group | Target raised | Outperform | $315.00, was $300.00 |
| Apr 30, 2026 | Canaccord Genuity | Target raised | Buy | $330.00, was $300.00 |
| Apr 30, 2026 | JP Morgan | Target raised | Overweight | $330.00, was $280.00 |
| Apr 30, 2026 | TD Cowen | Target raised | Buy | $350.00, was $300.00 |
| Apr 30, 2026 | Bernstein | Target raised | Outperform | $315.00, was $300.00 |
| Apr 30, 2026 | Citigroup | Target raised | Buy | $325.00, was $285.00 |
| Apr 30, 2026 | Morgan Stanley | Target raised | Overweight | $330.00, was $300.00 |
| Apr 30, 2026 | Susquehanna | Target raised | Positive | $325.00, was $300.00 |
| Apr 30, 2026 | RBC Capital | Target raised | Outperform | $320.00, was $300.00 |
| Apr 30, 2026 | Piper Sandler | Target raised | Overweight | $315.00, was $260.00 |
| Apr 30, 2026 | Guggenheim | Target raised | Buy | $320.00, was $300.00 |
| Apr 30, 2026 | Barclays | Target raised | Overweight | $330.00, was $300.00 |
| Apr 30, 2026 | Evercore ISI Group | Target raised | Outperform | $315.00, was $285.00 |
| Apr 30, 2026 | Wells Fargo | Target raised | Overweight | $313.00, was $307.00 |
| Apr 30, 2026 | Benchmark | Target raised | Buy | $370.00, was $275.00 |
| Apr 30, 2026 | Cantor Fitzgerald | Target raised | Overweight | $330.00, was $280.00 |
| Apr 30, 2026 | Keybanc | Target raised | Overweight | $330.00, was $325.00 |
| Apr 30, 2026 | Rosenblatt | Target raised | Buy | $332.00, was $296.00 |
| Apr 30, 2026 | Truist Securities | Target raised | Buy | $310.00, was $285.00 |
| Apr 30, 2026 | Scotiabank | Target raised | Sector Outperform | $325.00, was $275.00 |
| Apr 30, 2026 | Needham | Target raised | Buy | $300.00, was $265.00 |
| Apr 28, 2026 | Mizuho | Target raised | Outperform | $325.00, was $315.00 |
| Apr 24, 2026 | Oppenheimer | Target raised | Outperform | $275.00, was $260.00 |
| Apr 23, 2026 | UBS | Target raised | Buy | $304.00, was $301.00 |
| Apr 23, 2026 | BMO Capital | Target raised | Outperform | $315.00, was $310.00 |
| Apr 21, 2026 | Cantor Fitzgerald | Target raised | Overweight | $280.00, was $260.00 |
| Apr 20, 2026 | Keybanc | Target raised | Overweight | $325.00, was $285.00 |
| Apr 20, 2026 | B of A Securities | Target raised | Buy | $298.00, was $275.00 |
| Apr 17, 2026 | Truist Securities | Target raised | Buy | $285.00, was $280.00 |
| Apr 16, 2026 | TD Cowen | Target kept | Buy | $300.00 |
| Apr 15, 2026 | Citizens | Target kept | Market Outperform | $315.00 |
| Apr 15, 2026 | Rosenblatt | Target kept | Buy | $296.00 |
| Apr 13, 2026 | Stifel | Target cut | Buy | $294.00, was $300.00 |
| Apr 10, 2026 | Citizens | Target kept | Market Outperform | $315.00 |
| Apr 8, 2026 | Cantor Fitzgerald | Target raised | Overweight | $260.00, was $250.00 |
| Apr 2, 2026 | Wells Fargo | Target raised | Overweight | $305.00, was $304.00 |
| Mar 25, 2026 | Tigress Financial | Target raised | Buy | $315.00, was $305.00 |
| Mar 25, 2026 | JP Morgan | Target raised | Overweight | $280.00, was $265.00 |
| Mar 25, 2026 | Citigroup | Target raised | Buy | $285.00, was $265.00 |
| Mar 23, 2026 | TD Cowen | Target kept | Buy | $300.00 |
| Mar 17, 2026 | Needham | Target kept | Buy | $265.00 |
| Feb 23, 2026 | Wells Fargo | Target cut | Overweight | $304.00, was $305.00 |
| Feb 9, 2026 | Citigroup | Target cut | Buy | $265.00, was $320.00 |
| Feb 6, 2026 | Wells Fargo | Target raised | Overweight | $305.00, was $301.00 |
| Feb 6, 2026 | RBC Capital | Target kept | Outperform | $300.00 |
| Feb 6, 2026 | Oppenheimer | Target cut | Outperform | $260.00, was $325.00 |
| Feb 6, 2026 | Argus Research | Target kept | Buy | $325.00 |
| Feb 6, 2026 | Citizens | Target kept | Market Outperform | $315.00 |
| Feb 6, 2026 | Cantor Fitzgerald | Target cut | Overweight | $250.00, was $260.00 |
| Feb 6, 2026 | Piper Sandler | Target cut | Overweight | $260.00, was $300.00 |
| Feb 6, 2026 | Guggenheim | Target kept | Buy | $300.00 |
| Feb 6, 2026 | Scotiabank | Target cut | Sector Outperform | $275.00, was $300.00 |
| Feb 6, 2026 | DA Davidson | Downgrade | Neutral, was Buy | $175.00, was $300.00 |
| Feb 6, 2026 | Wedbush | Target cut | Outperform | $300.00, was $340.00 |
| Feb 6, 2026 | Telsey Advisory Group | Target kept | Outperform | $300.00 |
| Feb 6, 2026 | Rosenblatt | Target cut | Buy | $296.00, was $305.00 |
| Feb 6, 2026 | BMO Capital | Target raised | Outperform | $310.00, was $304.00 |
| Feb 6, 2026 | Truist Securities | Target cut | Buy | $280.00, was $290.00 |
| Feb 6, 2026 | Evercore ISI Group | Target cut | Outperform | $285.00, was $335.00 |
| Feb 6, 2026 | Morgan Stanley | Target cut | Overweight | $300.00, was $315.00 |
| Feb 6, 2026 | Needham | Target kept | Buy | $265.00 |
| Feb 3, 2026 | UBS | Target raised | Buy | $311.00, was $310.00 |
| Feb 2, 2026 | Citizens | Target raised | Market Outperform | $315.00, was $300.00 |
| Jan 30, 2026 | Telsey Advisory Group | Target kept | Outperform | $300.00 |
| Jan 29, 2026 | Wedbush | Target kept | Outperform | $340.00 |
| Jan 28, 2026 | Oppenheimer | Target raised | Outperform | $315.00, was $305.00 |
| Jan 28, 2026 | Keybanc | Target raised | Overweight | $308.00, was $303.00 |
| Jan 27, 2026 | B of A Securities | Target cut | Buy | $286.00, was $303.00 |
| Jan 27, 2026 | Stifel | Target raised | Buy | $300.00, was $295.00 |
| Jan 26, 2026 | Roth Capital | Target raised | Buy | $295.00, was $270.00 |
| Jan 13, 2026 | TD Cowen | Target raised | Buy | $315.00, was $300.00 |
| Jan 12, 2026 | Wells Fargo | Target raised | Overweight | $301.00, was $295.00 |
| Jan 8, 2026 | Cantor Fitzgerald | Target cut | Overweight | $260.00, was $315.00 |
| Jan 5, 2026 | Jefferies | Target raised | Buy | $300.00, was $275.00 |
| Dec 16, 2025 | BMO Capital | Target raised | Outperform | $304.00, was $300.00 |
| Dec 11, 2025 | TD Cowen | Target kept | Buy | $300.00 |
| Dec 10, 2025 | Guggenheim | Began coverage | Buy | $300.00 |
| Dec 4, 2025 | Rosenblatt | Target kept | Buy | $305.00 |
| Dec 3, 2025 | Wedbush | Target kept | Outperform | $340.00 |
| Dec 3, 2025 | Citizens | Target kept | Market Outperform | $300.00 |
| Dec 3, 2025 | B of A Securities | Target raised | Buy | $303.00, was $272.00 |
| Dec 2, 2025 | Wells Fargo | Target raised | Overweight | $295.00, was $292.00 |
| Dec 1, 2025 | Oppenheimer | Target raised | Outperform | $305.00, was $290.00 |
| Nov 25, 2025 | Rosenblatt | Target kept | Buy | $305.00 |
| Nov 18, 2025 | Rothschild & Co | Downgrade | Neutral, was Buy | $250.00 |
Earnings against estimatesLast 4 quarters, per share
Average estimateReported, beatReported, missed
Show the data
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| Dec ’25 | $1.96 | $1.95 | −0.5% |
| Mar ’26 | $1.65 | $2.78 | +68.5% |
| Jun ’26 | $1.82 | $5.75 | +215.9% |
| Sep ’26 | $1.96 | $1.89 | −3.6% |
The day after each of these reports the stock moved −9.7% (Dec 2025, missed); +2.1% (Mar 2026, beat); +19.8% (Jun 2026, beat); −5.6% (Sep 2026, missed).
Expected nextConsensus of Nov 10, 2026
For the quarter ending Dec 2026, analysts expect adjusted earnings of $2.40 a share, 23% more than the $1.95 of a year earlier, and revenue of $244.8B, up 15% on a year earlier. For the fiscal year ending Dec 2027, they expect adjusted earnings of $10.67 a share, and revenue of $959.6B, up 16% on the year before's estimate.
EPS, quarter ending Dec 2026
$2.40+23% on a year earlier
Adjusted. Dec 2025: $1.95; range $2.13 to $2.67; 43 analysts
Revenue, quarter ending Dec 2026
$244.8B+15% on a year earlier
Dec 2025: $213.4B; range $240.0B to $247.6B; 45 analysts
EPS, year ending Dec 2027
$10.67
Adjusted. The year to Dec 2026: $12.80 expected, with a quarter far from its estimate; range $9.03 to $13.49; 57 analysts
Revenue, year ending Dec 2027
$959.6B+16% on the year before's estimate
The year to Dec 2026: $829.0B expected; range $902.1B to $984.1B; 60 analysts
Show the data
| Period | Figure | Expected | Low to high | Analysts | A year earlier | Change |
|---|---|---|---|---|---|---|
| Quarter ending Dec 2026 | EPS (adjusted) | $2.40 | $2.13 to $2.67 | 43 | $1.95 (Dec 2025) | +23% |
| Quarter ending Dec 2026 | Revenue | $244.8B | $240.0B to $247.6B | 45 | $213.4B (Dec 2025) | +15% |
| Quarter ending Mar 2027 | EPS (adjusted) | $2.30 | $1.98 to $2.52 | 29 | $2.78 (Mar 2026) | — |
| Quarter ending Mar 2027 | Revenue | $210.2B | $202.0B to $230.2B | 31 | $181.5B (Mar 2026) | +16% |
| Year ending Dec 2026 | EPS (adjusted) | $12.80 | $12.04 to $13.08 | 53 | — | — |
| Year ending Dec 2026 | Revenue | $829.0B | $824.2B to $832.8B | 55 | $716.9B (year to Dec 2025) | +16% |
| Year ending Dec 2027 | EPS (adjusted) | $10.67 | $9.03 to $13.49 | 57 | $12.80 (expected, year to Dec 2026) | — |
| Year ending Dec 2027 | Revenue | $959.6B | $902.1B to $984.1B | 60 | $829.0B (expected, year to Dec 2026) | +16% |
Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.
Where the cash goes
Capex of $215.2B exceeds operating cash flow of $168.3B, leaving free cash flow of −$46.9B. The gap has to be covered with cash on hand or borrowing.
Where a year of cash went4 quarters to Sep 2026
Show the data
| Line | Amount |
|---|---|
| Op. cash flow | $168.3B |
| Capex | −$215.2B |
| Free cash flow | −$46.9B |
| Dividends | — |
| Buybacks | — |
| Cash retained | −$46.9B |
Free cash flow yield
−1.6%
Free cash flow is negative, so the company is burning cash.
Dividend yield
No dividend
No dividend today; cash goes to growth and share buybacks.
By quarter: free cash flow and what went back to shareholdersLast 12 quarters
Free cash flowDividendsBuybacks
Show the data
| Quarter ended | Free cash flow | Dividends | Buybacks |
|---|---|---|---|
| Dec 2023 | $27.9B | — | $0 |
| Mar 2024 | $4.1B | — | $0 |
| Jun 2024 | $7.7B | — | — |
| Sep 2024 | $3.4B | — | — |
| Dec 2024 | $17.8B | — | — |
| Mar 2025 | −$8.0B | — | — |
| Jun 2025 | $332M | — | — |
| Sep 2025 | $430M | — | — |
| Dec 2025 | $14.9B | — | — |
| Mar 2026 | −$18.2B | — | — |
| Jun 2026 | −$8.8B | — | — |
| Sep 2026 | −$34.8B | — | — |
Diluted sharesUp 0.8% in a year
Amazon.com had 10.93B diluted shares in the quarter ended Sep 2026, 0.8% more than a year earlier, and 1.7% more each year on average since Jun 2022. Over the last four quarters its earnings per share rose 74.7% and its net income rose 76.2%: more shares took about 2 points off.
Show the data
| Quarter ended | Diluted shares |
|---|---|
| Jun 2022 | 10.18B |
| Sep 2022 | 10.33B |
| Mar 2023 | 10.35B |
| Jun 2023 | 10.45B |
| Sep 2023 | 10.56B |
| Mar 2024 | 10.67B |
| Jun 2024 | 10.71B |
| Sep 2024 | 10.73B |
| Mar 2025 | 10.79B |
| Jun 2025 | 10.81B |
| Sep 2025 | 10.85B |
| Mar 2026 | 10.87B |
| Jun 2026 | 10.90B |
| Sep 2026 | 10.93B |
Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.
Financial health
Current ratio 1.1, short-term debt is manageable; debt-to-equity 0.2, debt is very low and the balance sheet is solid.
Current ratio
1.1Fair liquidity
Assets that can be turned into cash soon are 1.1x what is owed within a year. 1.5 or higher is comfortable; below 1 needs watching.
Debt-to-equity
0.2Very low debt
For every $1 of shareholder funds, there is $0.2 of debt (leases not counted). The higher the number, the more pressure when the economy weakens.
Net cash
$57.4BMore cash than debt
Cash and short-term investments of $123.0B against debt of $65.6B. Lease obligations of $87.3B are not counted: they are rent owed, not money borrowed.
AssetsTotal ~$818.0B
Cash
$86.8B10.6%
Investments
$36.2B4.4%
Receivables
$67.7B8.3%
Inventory
$38.3B4.7%
Property & equipment
$443.1B54.2%
Goodwill
$23.3B2.8%
Intangibles
$9.2B1.1%
Other
$113.4B13.9%
Liabilities & equityTotal ~$818.0B
Current
$218.0B26.6%
Long-term
$189.0B23.1%
Equity
$411.0B50.3%
Latest fiscal year balance sheet. Source: Yahoo Finance.
Who holds it
37 portfolios Hunch tracks hold AMZN: 6 members of Congress and 31 funds. It is 100.0% of Thiel Macro's portfolio (28.2% as filed).
FundThiel MacroAMZN is 100% of this portfolio-2.7%
FundBaupost GroupAMZN is 65% of this portfolio+110.4%
CongressJared MoskowitzAMZN is 58% of this portfolio+43.0%
FundValueAct HoldingsAMZN is 51% of this portfolio+57.1%
FundThird PointAMZN is 42% of this portfolio+38.8%
FundPershing Square Capital ManagementAMZN is 29% of this portfolio+90.1%
31 more portfolios hold AMZN
- RK Capital ManagementFund · 25.7% (22.7% as filed)
- Baillie Gifford &Fund · 25.2% (5.7% as filed)
- AppaloosaFund · 24.8% (16.0% as filed)
- Patient Capital ManagementFund · 23.3% (5.7% as filed)
- WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUSTFund · 20.0% (9.0% as filed)
- Theleme PartnersFund · 19.2% (11.7% as filed)
- Tiger Global ManagementFund · 18.2% (9.6% as filed)
- Ed CaseCongress · 17.2% (9.1% as filed)
- Torno CapitalFund · 17.2% (16.4% as filed)
- Nancy PelosiCongress · 15.7% (10.4% as filed)
- Voyager Global ManagementFund · 15.6% (13.9% as filed)
- Polen Capital ManagementFund · 13.9% (5.8% as filed)
- Jia Investment AllianceFund · 13.7% (7.6% as filed)
- Dragoneer Investment GroupFund · 13.7% (10.7% as filed)
- Rob WittmanCongress · 13.4% (2.8% as filed)
- Wedgewood PartnersFund · 13.3% (6.7% as filed)
- Maverick CapitalFund · 12.8% (4.3% as filed)
- Whale Rock Capital ManagementFund · 12.4% (4.7% as filed)
- Norges BankFund · 12.3% (3.3% as filed)
- Temasek Holdings (Private)Fund · 12.3% (3.3% as filed)
- Coatue ManagementFund · 12.0% (5.8% as filed)
- Altimeter Capital ManagementFund · 11.7% (5.9% as filed)
- Swiss National BankFund · 10.5% (3.5% as filed)
- Cleo FieldsCongress · 10.3% (9.9% as filed)
- Nan Shan Life InsuranceFund · 9.5% (3.5% as filed)
- Canada Pension Plan Investment BoardFund · 9.4% (2.3% as filed)
- Fisher Asset ManagementFund · 9.3% (2.5% as filed)
- Rob BresnahanCongress · 9.2% (3.6% as filed)
- Stony Point CapitalFund · 7.4% (4.3% as filed)
- Mirae Asset Global InvestmentsFund · 7.4% (2.8% as filed)
- Harvard ManagementFund · 6.7% (5.5% as filed)
AMZN's weight in each portfolio is its target weight in the copy Hunch follows: the stocks of the latest filing that the app can trade, their weights scaled up to add to 100%. “As filed” is its weight in the filing itself: a fund’s latest 13F, or a member of Congress’s holdings from the last annual report and the trades disclosed since, each at the low end of its range. Returns are backtests based on public filings, not actual trading results. Photo credits
What did the funds Hunch tracks do?
Of the 83 funds whose 13F filings Hunch reads, 56 held AMZN at the end of their latest quarter (for most, Q2 2026). Over that quarter 23 added shares, 22 cut, 5 bought new and 6 held the same. The largest of them is Norges Bank, 140.57M shares worth $33.5B at Jun 30, 2026, 1.3% fewer than at Dec 31, 2025.
Funds that added shares
28
5 of them new holders
Funds that cut
22
Over their latest quarter
Change in shares over the latest quarterThe 12 largest holdings
Added or newCut or sold all
Show every fund
| Fund | Quarter | Shares | Value | Change in shares | Change | Filed |
|---|---|---|---|---|---|---|
| Norges Bank | Q2 2026 vs Q4 2025 | 140.57M | $33.5B | −1.83M | −1.3% | Aug 12, 2026 |
| Fisher Asset Management | Q3 2026 | 35.57M | $8.9B | +594,988 | +1.7% | Nov 6, 2026 |
| Swiss National Bank | Q3 2026 | 26.48M | $6.6B | −818,700 | −3.0% | Nov 12, 2026 |
| Baillie Gifford & | Q3 2026 | 24.15M | $6.0B | −2.77M | −10% | Nov 9, 2026 |
| National Pension Service | Q3 2026 | 21.08M | $5.3B | +114,044 | +0.5% | Nov 12, 2026 |
| Canada Pension Plan Investment Board | Q2 2026 | 17.38M | $4.1B | −1.14M | −6.1% | Aug 14, 2026 |
| Dodge & Cox | Q2 2026 | 16.71M | $4.0B | +1.60M | +11% | Aug 13, 2026 |
| Coatue Management | Q2 2026 | 11.83M | $2.8B | +3.90M | +49% | Aug 14, 2026 |
| Tiger Global Management | Q2 2026 | 9.68M | $2.3B | −316,442 | −3.2% | Aug 14, 2026 |
| Skye Global Management | Q2 2026 | 9.67M | $2.3B | −80,000 | −0.8% | Aug 14, 2026 |
| Pershing Square Capital Management | Q2 2026 | 8.56M | $2.0B | −2.89M | −25% | Aug 14, 2026 |
| Korea Investment | Q2 2026 | 6.99M | $1.7B | −305,466 | −4.2% | Aug 12, 2026 |
| Mirae Asset Global Investments | Q3 2026 | 6.33M | $1.6B | +626,541 | +11% | Nov 3, 2026 |
| Newlands Management Operations | Q2 2026 | 6.59M | $1.6B | 0 | 0.0% | Aug 14, 2026 |
| Altarock Partners | Q2 2026 | 5.73M | $1.4B | −1.84M | −24% | Aug 17, 2026 |
| Temasek Holdings (Private) | Q3 2026 | 4.87M | $1.2B | +299,529 | +6.6% | Oct 28, 2026 |
| Appaloosa | Q2 2026 | 5.00M | $1.2B | +680,000 | +16% | Aug 14, 2026 |
| Harris Associates L P | Q2 2026 | 4.65M | $1.1B | −107,300 | −2.3% | Aug 14, 2026 |
| Baupost Group | Q2 2026 | 3.74M | $892M | +625,100 | +20% | Aug 13, 2026 |
| Viking Global Investors | Q2 2026 | 3.70M | $882M | +2.51M | +210% | Aug 14, 2026 |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST | Q3 2026 | 3.30M | $822M | 0 | 0.0% | Nov 12, 2026 |
| ValueAct Holdings | Q2 2026 | 2.94M | $701M | +57,100 | +2.0% | Aug 14, 2026 |
| Polen Capital Management | Q2 2026 | 2.81M | $670M | −1.09M | −28% | Aug 4, 2026 |
| Whale Rock Capital Management | Q2 2026 | 2.45M | $583M | +628,293 | +35% | Aug 14, 2026 |
| Altimeter Capital Management | Q2 2026 | 2.43M | $578M | +335,793 | +16% | Aug 14, 2026 |
| Voyager Global Management | Q2 2026 | 2.12M | $506M | −50,000 | −2.3% | Aug 14, 2026 |
| Markel Group | Q3 2026 | 2.03M | $506M | 0 | 0.0% | Oct 30, 2026 |
| Bridgewater Associates | Q2 2026 | 2.03M | $483M | −2.36M | −54% | Aug 14, 2026 |
| Maverick Capital | Q2 2026 | 2.02M | $482M | −297,121 | −13% | Aug 14, 2026 |
| RK Capital Management | Q2 2026 | 1.76M | $419M | +1.76M | New | Aug 14, 2026 |
| Third Point | Q2 2026 | 1.75M | $417M | −190,000 | −9.8% | Aug 14, 2026 |
| ARK Investment Management | Q2 2026 | 1.59M | $379M | +235,894 | +17% | Aug 14, 2026 |
| Glenview Capital Management | Q2 2026 | 1.27M | $303M | +212,417 | +20% | Aug 14, 2026 |
| Dragoneer Investment Group | Q2 2026 | 1.27M | $303M | +1.27M | New | Aug 14, 2026 |
| Tudor Investment Corp Et Al | Q2 2026 | 1.22M | $291M | +328,212 | +37% | Aug 14, 2026 |
| Soros Fund Management | Q2 2026 | 1.18M | $282M | −763,260 | −39% | Aug 14, 2026 |
| Nomura Holdings | Q2 2026 | 1.16M | $276M | +557,660 | +93% | Aug 14, 2026 |
| Hyperion Asset Management | Q3 2026 | 985,145 | $245M | −242,400 | −20% | Oct 20, 2026 |
| Styrax Capital | Q2 2026 | 1.00M | $238M | 0 | 0.0% | Aug 14, 2026 |
| Torno Capital | Q2 2026 | 1.00M | $238M | +1.00M | New | Aug 14, 2026 |
| Harvard Management | Q2 2026 | 982,839 | $234M | +265,300 | +37% | Aug 14, 2026 |
| Theleme Partners | Q2 2026 | 822,979 | $196M | +87,000 | +12% | Aug 13, 2026 |
| Patient Capital Management | Q3 2026 | 677,117 | $169M | −3,930 | −0.6% | Nov 12, 2026 |
| Greenbrier Partners Capital Management | Q3 2026 | 613,296 | $153M | −5,852 | −0.9% | Nov 9, 2026 |
| Duquesne Family Office | Q2 2026 | 541,600 | $129M | +495,800 | +1083% | Aug 14, 2026 |
| Thiel Macro | Q2 2026 | 495,000 | $118M | +495,000 | New | Aug 14, 2026 |
| Nan Shan Life Insurance | Q2 2026 | 472,003 | $112M | +234,748 | +99% | Aug 14, 2026 |
| Soma Equity Partners | Q2 2026 | 443,315 | $106M | −32,457 | −6.8% | Aug 14, 2026 |
| Jia Investment Alliance | Q3 2026 | 352,880 | $87.9M | 0 | 0.0% | Oct 6, 2026 |
| Stony Point Capital | Q2 2026 | 278,427 | $66.4M | +8,696 | +3.2% | Aug 13, 2026 |
| Oriental Harbor Investment Master Fund | Q3 2026 | 140,992 | $35.1M | +81,095 | +135% | Oct 22, 2026 |
| Wedgewood Partners | Q2 2026 | 135,440 | $32.3M | +35,533 | +36% | Aug 14, 2026 |
| Giverny Capital | Q3 2026 | 49,902 | $12.4M | +49,902 | New | Nov 12, 2026 |
| Light Street Capital Management | Q2 2026 | 51,000 | $12.2M | −73,800 | −59% | Aug 14, 2026 |
| Renaissance Technologies | Q3 2026 | 11,128 | $2.8M | −2.28M | −100% | Nov 12, 2026 |
| Gardner Russo & Quinn | Q3 2026 | 936 | $233K | 0 | 0.0% | Nov 12, 2026 |
From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of AMZN at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.
Are insiders buying or selling?
Officers and directors sold $449M of AMZN on the open market in the 12 months to Nov 10, 2026; none bought. 100% of the sales were made under 10b5-1 plans, set up in advance. The largest was Jeffrey P Bezos (Executive Chair; director), who sold $346M in 1 sale.
Sold
$449M
127 sales
Bought
None
0 purchases
Under 10b5-1 plans
100%
Share of the sales' value
Trades on the priceA dot a day, sized by value
AMZNSale under a 10b5-1 plan
Who tradedOpen-market trades, last 12 months
Jeffrey P Bezos
Executive Chair; director · 100% under a 10b5-1 plan
−$346M1 trade
Andrew R Jassy
President and CEO; director · 100% under a 10b5-1 plan
−$35.4M21 trades
Douglas J Herrington
CEO Worldwide Amazon Stores · 100% under a 10b5-1 plan
−$25.8M41 trades
Matthew S Garman
CEO Amazon Web Services · 100% under a 10b5-1 plan
−$18.4M22 trades
David Zapolsky
Senior Vice President · 100% under a 10b5-1 plan
−$16.3M23 trades
Show every trade
| Date | Insider | Role | Trade | Shares | Price | Value | Filed |
|---|---|---|---|---|---|---|---|
| Nov 2, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $243.47 | $243K | Nov 4, 2026 |
| Oct 1, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $251.50 | $252K | Oct 5, 2026 |
| Sep 1, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $254.77 | $255K | Sep 3, 2026 |
| Aug 24, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 9,258 | $259.77 | $2.4M | Aug 25, 2026 |
| Aug 21, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 3,197 | $257.63 | $824K | Aug 25, 2026 |
| Aug 21, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 7,478 | $258.67 | $1.9M | Aug 25, 2026 |
| Aug 21, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 7,514 | $259.61 | $2.0M | Aug 25, 2026 |
| Aug 21, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 1,811 | $260.39 | $472K | Aug 25, 2026 |
| Aug 21, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 675 | $257.77 | $174K | Aug 25, 2026 |
| Aug 21, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 780 | $258.58 | $202K | Aug 25, 2026 |
| Aug 21, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 888 | $260.33 | $231K | Aug 25, 2026 |
| Aug 21, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,138 | $257.70 | $293K | Aug 25, 2026 |
| Aug 21, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,782 | $258.64 | $461K | Aug 25, 2026 |
| Aug 21, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 2,133 | $259.63 | $554K | Aug 25, 2026 |
| Aug 21, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,119 | $260.45 | $291K | Aug 25, 2026 |
| Aug 21, 2026 | Brian T Olsavsky | Senior Vice President and CFO | Sale (10b5-1 plan) | 6,172 | $260.31 | $1.6M | Aug 25, 2026 |
| Aug 21, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,825 | $257.77 | $470K | Aug 25, 2026 |
| Aug 21, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 2,125 | $258.58 | $549K | Aug 25, 2026 |
| Aug 21, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 2,412 | $260.33 | $628K | Aug 25, 2026 |
| Aug 21, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 2,159 | $257.60 | $556K | Aug 25, 2026 |
| Aug 21, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 5,191 | $258.66 | $1.3M | Aug 25, 2026 |
| Aug 21, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 5,240 | $259.57 | $1.4M | Aug 25, 2026 |
| Aug 21, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 1,951 | $260.34 | $508K | Aug 25, 2026 |
| Aug 17, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,441 | $262.05 | $378K | Aug 19, 2026 |
| Aug 17, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,900 | $262.82 | $499K | Aug 19, 2026 |
| Aug 17, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 400 | $265.09 | $106K | Aug 19, 2026 |
| Aug 3, 2026 | Jeffrey P Bezos | Executive Chair; director | Sale (10b5-1 plan) | 1.21M | $286.41 | $346M | Aug 5, 2026 |
| Aug 3, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $278.39 | $278K | Aug 5, 2026 |
| Jul 1, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $239.77 | $240K | Jul 2, 2026 |
| Jun 1, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $266.19 | $266K | Jun 3, 2026 |
| May 22, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 9,270 | $268.53 | $2.5M | May 26, 2026 |
| May 21, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 1,600 | $261.83 | $419K | May 26, 2026 |
| May 21, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 463 | $263.25 | $122K | May 26, 2026 |
| May 21, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 300 | $263.99 | $79K | May 26, 2026 |
| May 21, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 4,200 | $261.88 | $1.1M | May 26, 2026 |
| May 21, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,370 | $263.12 | $360K | May 26, 2026 |
| May 21, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 800 | $263.85 | $211K | May 26, 2026 |
| May 21, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 5,206 | $261.95 | $1.4M | May 26, 2026 |
| May 21, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 5,227 | $263.10 | $1.4M | May 26, 2026 |
| May 21, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 5,667 | $263.95 | $1.5M | May 26, 2026 |
| May 21, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 3,600 | $264.97 | $954K | May 26, 2026 |
| May 21, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 300 | $265.61 | $80K | May 26, 2026 |
| May 21, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,600 | $261.96 | $419K | May 26, 2026 |
| May 21, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,921 | $263.17 | $506K | May 26, 2026 |
| May 21, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,644 | $264.12 | $434K | May 26, 2026 |
| May 21, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,014 | $265.12 | $269K | May 26, 2026 |
| May 21, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1 | $265.72 | $266 | May 26, 2026 |
| May 21, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 4,257 | $261.93 | $1.1M | May 26, 2026 |
| May 21, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 4,554 | $263.18 | $1.2M | May 26, 2026 |
| May 21, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 3,689 | $264.03 | $974K | May 26, 2026 |
| May 21, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 2,534 | $264.95 | $671K | May 26, 2026 |
| May 21, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 433 | $265.64 | $115K | May 26, 2026 |
| May 15, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,044 | $261.74 | $273K | May 19, 2026 |
| May 15, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 2,098 | $262.73 | $551K | May 19, 2026 |
| May 15, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 600 | $263.57 | $158K | May 19, 2026 |
| May 15, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 3,389 | $261.79 | $887K | May 19, 2026 |
| May 15, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 6,151 | $262.85 | $1.6M | May 19, 2026 |
| May 15, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 1,935 | $263.57 | $510K | May 19, 2026 |
| May 4, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 31,352 | $275.00 | $8.6M | May 6, 2026 |
| May 4, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 27,500 | $275.00 | $7.6M | May 5, 2026 |
| May 1, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $265.65 | $266K | May 5, 2026 |
| Apr 30, 2026 | Jonathan Rubinstein | Director | Sale (10b5-1 plan) | 3,706 | $273.02 | $1.0M | May 4, 2026 |
| Apr 24, 2026 | Jonathan Rubinstein | Director | Sale (10b5-1 plan) | 3,849 | $260.00 | $1.0M | Apr 28, 2026 |
| Apr 17, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 31,000 | $255.00 | $7.9M | Apr 21, 2026 |
| Apr 14, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 20,500 | $245.00 | $5.0M | Apr 16, 2026 |
| Apr 1, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $210.50 | $210K | Apr 3, 2026 |
| Mar 2, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $204.25 | $204K | Mar 4, 2026 |
| Feb 24, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 10,649 | $205.43 | $2.2M | Feb 24, 2026 |
| Feb 23, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 8,290 | $204.25 | $1.7M | Feb 24, 2026 |
| Feb 23, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 4,465 | $204.90 | $915K | Feb 24, 2026 |
| Feb 23, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 4,561 | $206.01 | $940K | Feb 24, 2026 |
| Feb 23, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 2,198 | $207.10 | $455K | Feb 24, 2026 |
| Feb 23, 2026 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 358 | $207.96 | $74K | Feb 24, 2026 |
| Feb 23, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 795 | $204.60 | $163K | Feb 24, 2026 |
| Feb 23, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 1,300 | $206.02 | $268K | Feb 24, 2026 |
| Feb 23, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 400 | $207.04 | $83K | Feb 24, 2026 |
| Feb 23, 2026 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 200 | $207.99 | $42K | Feb 24, 2026 |
| Feb 23, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 2,613 | $204.15 | $533K | Feb 24, 2026 |
| Feb 23, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,582 | $204.86 | $324K | Feb 24, 2026 |
| Feb 23, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,681 | $206.06 | $346K | Feb 24, 2026 |
| Feb 23, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 562 | $207.01 | $116K | Feb 24, 2026 |
| Feb 23, 2026 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 662 | $208.02 | $138K | Feb 24, 2026 |
| Feb 23, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 2,135 | $204.63 | $437K | Feb 24, 2026 |
| Feb 23, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 2,100 | $205.78 | $432K | Feb 24, 2026 |
| Feb 23, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,500 | $206.40 | $310K | Feb 24, 2026 |
| Feb 23, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $207.34 | $207K | Feb 24, 2026 |
| Feb 23, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 100 | $208.25 | $21K | Feb 24, 2026 |
| Feb 23, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 5,881 | $204.14 | $1.2M | Feb 24, 2026 |
| Feb 23, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 5,195 | $204.80 | $1.1M | Feb 24, 2026 |
| Feb 23, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 4,202 | $206.02 | $866K | Feb 24, 2026 |
| Feb 23, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 1,868 | $207.06 | $387K | Feb 24, 2026 |
| Feb 23, 2026 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 605 | $208.05 | $126K | Feb 24, 2026 |
| Feb 17, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 800 | $196.75 | $157K | Feb 18, 2026 |
| Feb 17, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 2,114 | $198.12 | $419K | Feb 18, 2026 |
| Feb 17, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,138 | $198.85 | $226K | Feb 18, 2026 |
| Feb 17, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 732 | $200.08 | $146K | Feb 18, 2026 |
| Feb 12, 2026 | Keith Brian Alexander | Director | Sale (10b5-1 plan) | 900 | $203.88 | $183K | Feb 17, 2026 |
| Feb 11, 2026 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 1,000 | $208.00 | $208K | Feb 13, 2026 |
| Dec 1, 2025 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 2,500 | $233.22 | $583K | Dec 3, 2025 |
| Nov 24, 2025 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 13,570 | $222.49 | $3.0M | Nov 25, 2025 |
| Nov 21, 2025 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 3,966 | $215.82 | $856K | Nov 25, 2025 |
| Nov 21, 2025 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 9,688 | $216.74 | $2.1M | Nov 25, 2025 |
| Nov 21, 2025 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 4,522 | $217.67 | $984K | Nov 25, 2025 |
| Nov 21, 2025 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 1,207 | $218.40 | $264K | Nov 25, 2025 |
| Nov 21, 2025 | Andrew R Jassy | President and CEO; director | Sale (10b5-1 plan) | 489 | $219.46 | $107K | Nov 25, 2025 |
| Nov 21, 2025 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 1,600 | $216.07 | $346K | Nov 25, 2025 |
| Nov 21, 2025 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 995 | $216.84 | $216K | Nov 25, 2025 |
| Nov 21, 2025 | Shelley Reynolds | Vice President | Sale (10b5-1 plan) | 100 | $217.57 | $22K | Nov 25, 2025 |
| Nov 21, 2025 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,601 | $215.86 | $346K | Nov 25, 2025 |
| Nov 21, 2025 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 3,071 | $216.75 | $666K | Nov 25, 2025 |
| Nov 21, 2025 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 1,951 | $217.66 | $425K | Nov 25, 2025 |
| Nov 21, 2025 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 372 | $218.60 | $81K | Nov 25, 2025 |
| Nov 21, 2025 | David Zapolsky | Senior Vice President | Sale (10b5-1 plan) | 105 | $219.52 | $23K | Nov 25, 2025 |
| Nov 21, 2025 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 4,200 | $216.05 | $907K | Nov 25, 2025 |
| Nov 21, 2025 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 2,335 | $216.88 | $506K | Nov 25, 2025 |
| Nov 21, 2025 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 300 | $217.52 | $65K | Nov 25, 2025 |
| Nov 21, 2025 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 3,892 | $215.83 | $840K | Nov 25, 2025 |
| Nov 21, 2025 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 8,327 | $216.68 | $1.8M | Nov 25, 2025 |
| Nov 21, 2025 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 3,413 | $217.61 | $743K | Nov 25, 2025 |
| Nov 21, 2025 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 1,721 | $218.38 | $376K | Nov 25, 2025 |
| Nov 21, 2025 | Matthew S Garman | CEO Amazon Web Services | Sale (10b5-1 plan) | 415 | $219.48 | $91K | Nov 25, 2025 |
| Nov 20, 2025 | Daniel P Huttenlocher | Director | Sale (10b5-1 plan) | 1,237 | $226.61 | $280K | Nov 24, 2025 |
| Nov 17, 2025 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 784 | $231.63 | $182K | Nov 18, 2025 |
| Nov 17, 2025 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 3,200 | $232.67 | $745K | Nov 18, 2025 |
| Nov 17, 2025 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 600 | $233.74 | $140K | Nov 18, 2025 |
| Nov 17, 2025 | Douglas J Herrington | CEO Worldwide Amazon Stores | Sale (10b5-1 plan) | 200 | $234.38 | $47K | Nov 18, 2025 |
| Nov 17, 2025 | Keith Brian Alexander | Director | Sale (10b5-1 plan) | 900 | $233.00 | $210K | Nov 18, 2025 |
From the Form 4s filed with the SEC about Amazon.com, Inc. (70 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 83 other transactions (option exercises and gifts).
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