Amazon's accelerating revenue growth, reaching 19.6% YoY in Q2 2026, is driven by AWS strength and retail resilience, while gross margins expanded to 52.3% on a favorable mix shift. However, the aggressive AI infrastructure buildout has pushed CapEx to 27.0% o...
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Revenue growth accelerated to 19.6% YoY in Q2 2026, with gross margin expanding to 52.3% from 50.1% two years prior, reflecting a mix shift toward high-margin AWS and advertising.
AWS is expected to sustain high-20% growth through 2026, driven by investments in AI infrastructure and custom chips.
Amazon's cloud backlog reached $364 billion in Q1 2026, excluding a significant deal with Anthropic.
Amazon's advertising business is projected to reach nearly $70 billion annually, leveraging consumer behavior insights.
Amazon plans to allocate $200 billion for capex in 2026, primarily for AI infrastructure, compressing free cash flow.
Uncertainty surrounds new initiatives like Project Leo, which may increase costs without guaranteed returns.
Potential tariff impacts could negatively affect retail margins, adding to operational risks.
Trailing total returns as of 9/25/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $5.75+215.9% vs $1.82 | $200.6B+1.8% vs $197.0B |
Q2 2026 Apr 29, 2026 | $2.78+70.6% vs $1.63 | $181.5B+2.4% vs $177.3B |
Q1 2026 Feb 5, 2026 | $1.95-1.0% vs $1.97 | $213.4B+0.9% vs $211.5B |
Q4 2025 Oct 30, 2025 | $1.95+24.2% vs $1.57 | $180.2B+1.3% vs $177.9B |
Amazon says that Meta's Muse violates its terms of services. Meanwhile, retail platforms like Walmart, Shopify, and Best Buy have recently announced integrations with Muse.
Its AWS cloud service accounts for the vast majority of Amazon's profits. AWS is also growing substantially faster than Amazon's other divisions.
Amazon is making fast, free Prime delivery available beyond Amazon.com, giving merchants another way to use the company's logistics network to compete for online shoppers, according to a Thursday (Sept. 24) press release.
Amazon spent decades trying to make itself the place where merchants sell. Its next act may be considerably more ambitious: becoming the place where merchants run their businesses, regardless of where the sale happens.
Benchmark AMZN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Amazon.com, Inc. (AMZN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $249.38 | $2.68T | 34.78 | 12.38% | 10.83% | 22.29% | — | |
| $497.93 | $3.7T | 27.74 | 17.79% | 40.31% | 33.22% | — | |
| $342.36 | $4.14T | 31.67 | 15.13% | 54.77% | 50.84% | — | |
| $777.59 | $1.98T | 33.10 | 22.17% | 29.84% | 29.73% | — | |
| $335.92 | $4.93T | 45.03 | 6.43% | 27.62% | 137.18% | — | |
| $107.53 | $857.12B | 39.39 | 4.73% | 3.04% | 21.64% | — |
Amazon.com, Inc. (AMZN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Amazon.com, Inc. (AMZN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jul 9, 2026·SEC
Jun 12, 2026·SEC
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Amazon.com, Inc. (AMZN) stock FAQ — growth, dividends, profitability & financials explained
Amazon.com, Inc. (AMZN) reported $775.68B in revenue for fiscal year 2025. This represents a 4926103% increase from $15.7M in 1996.
Amazon.com, Inc. (AMZN) grew revenue by 12.4% over the past year. This is steady growth.
Yes, Amazon.com, Inc. (AMZN) is profitable, generating $135.28B in net income for fiscal year 2025 (10.8% net margin).
Amazon.com, Inc. (AMZN) has a return on equity (ROE) of 22.3%. This is excellent, indicating efficient use of shareholder capital.
Amazon.com, Inc. (AMZN) had negative free cash flow of $11.63B in fiscal year 2025, likely due to heavy capital investments.
