Latest revenue
$181.52B
as of 2026-03-31
Latest net income
$30.25B
as of 2026-03-31
Net margin
16.7%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $2.86T
- Enterprise value
- $2.88T
- P/E (trailing)
- 36.9×
- Forward P/E
- —
- P/B
- 6.48×
- Dividend yield
- 0.0%
- 52-wk high
- $278.56
- 52-wk low
- $196.00
- Beta
- —
- Shares out
- 10.76B
5-year trend
What this company does
Amazon runs the world's largest online marketplace alongside Amazon Web Services, plus advertising, Prime subscriptions, devices, and a growing logistics and grocery footprint. Service sales—AWS cloud, third-party seller fees, ads, and subscriptions—now generate $110B per quarter versus $71B from first-party product sales, making services the dominant profit engine. Capital spending exploded to $44B in Q1 (up 77% year-over-year) as Amazon races to build AI infrastructure, funded partly by $53B in new long-term debt, while its Anthropic stake delivered a $12.3B paper gain.
Generated from AMZN's filing dated 2026-02-06
Key risks
- Capex surge: Q1 2026 property/equipment purchases hit $44.2B (+77% YoY); TTM capex of $151B pressures free cash flow amid AI buildout.
- Earnings quality: Q1 2026 net income boosted by $15.6B non-operating gains, including $12.3B Anthropic markup—non-recurring and reverses if valuations decline.
- Leverage rising: long-term debt jumped from $65.6B to $119.1B in one quarter ($53.4B new issuance) to fund infrastructure spending.
Generated from AMZN's filing dated 2026-02-06
Profitability
Operating margin
11.2%
3.8%Net margin
10.8%
16.7%Return on equity
18.9%
8.8%Return on assets
9.5%
0.1%Leverage
Debt / equity
0.99×
16.5%Long-term debt / equity
0.16×
13.2%Debt / assets
49.8%
8.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $181.52B | +16.6% | $30.25B | +76.7% | 16.7% |
Q4 2025 2025-12-31 | $213.39B | +13.6% | $21.19B | +5.9% | 9.9% |
Q3 2025 2025-09-30 | $180.17B | +13.4% | $21.19B | +38.2% | 11.8% |
Q2 2025 2025-06-30 | $167.70B | +13.3% | $18.16B | +34.7% | 10.8% |
Q1 2025 2025-03-31 | $155.67B | +8.6% | $17.13B | +64.2% | 11.0% |
Q4 2024 2024-12-31 | $187.79B | — | $20.00B | — | 10.7% |
Q3 2024 2024-09-30 | $158.88B | +11.0% | $15.33B | +55.2% | 9.6% |
Q2 2024 2024-06-30 | $147.98B | +10.1% | $13.48B | +99.8% | 9.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Retail-Catalog & Mail-Order Houses · SIC 5961
Your notes
Keep private notes on AMZN — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$5.75B
Net activity
−$5.75B
Distinct insiders
10
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AMZN
Institutional value
$112.23B
Total shares held
547.2M
Distinct holders
763
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Invesco Ltd. | 57.1M | $11.90B | — | New |
| 2 | Legal & General Group Plc | 55.5M | $11.57B | — | New |
| 3 | WELLS FARGO & COMPANY/MN | 35.0M | $7.29B | — | New |
| 4 | BAILLIE GIFFORD & CO | 28.1M | $5.85B | — | New |
| 5 | Mitsubishi UFJ Asset Management Co., Ltd. | 25.8M | $5.38B | — | New |
| 6 | National Pension Service | 20.4M | $4.26B | — | New |
| 7 | RHUMBLINE ADVISERS | 16.6M | $3.45B | — | New |
| 8 | BNP PARIBAS FINANCIAL MARKETS | 15.2M | $3.16B | — | New |
| 9 | CITIGROUP INC | 15.1M | $3.14B | — | New |
| 10 | PRIMECAP MANAGEMENT CO/CA/ | 12.1M | $2.52B | — | New |
| 11 | CIBC Bancorp USA Inc. | 11.7M | $2.44B | — | New |
| 12 | Voya Investment Management LLC | 9.9M | $2.06B | — | New |
| 13 | DANSKE BANK A/S | 9.7M | $2.01B | — | New |
| 14 | Universal- Beteiligungs- und Servicegesellschaft mbH | 9.5M | $1.97B | — | New |
| 15 | Allianz Asset Management GmbH | 8.4M | $1.75B | — | New |
| 16 | STIFEL FINANCIAL CORP | 8.3M | $1.72B | — | New |
| 17 | TD ASSET MANAGEMENT INC | 7.8M | $1.62B | — | New |
| 18 | PARNASSUS INVESTMENTS, LLC | 7.4M | $1.53B | — | New |
| 19 | Russell Investments Group, Ltd. | 6.4M | $1.33B | — | New |
| 20 | BLAIR WILLIAM & CO/IL | 6.1M | $1.26B | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Capex hit $44B this quarter, up 77% YoY—when does AI infrastructure spend peak, and what AWS revenue growth justifies $151B TTM?
- 2
Long-term debt jumped from $66B to $119B in one quarter; what's driving the $53B raise and target leverage?
- 3
Other income contributed $15.6B, nearly 40% of pretax income—what marks drove this and how do you guide investors to normalize?
Refreshed when AMZN files a new report · last from 2026-02-06