AMZN
Amazon.com, Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Amazon.com, Inc.
Amazon.com, Inc. engages in online and physical retail, advertising, subscriptions, consumer devices, and cloud computing. It operates through North America, International, and Amazon Web Services segments. The company sells first-party and third-party merchandise, operates Amazon Prime, manufactures devices such as Kindle, Fire, Echo, Ring, and eero, and produces media content. AWS provides compute, storage, database, analytics, machine learning, and other cloud services to enterprises and developers. Advertising includes sponsored products and display.
Coverage
Affirm Priced Amazon UK at 0% or 22%. Its Merchant Fee Rate Fell as Free Volume Grew.
Affirm's Amazon.co.uk card is 0% Pay-in-3 or 22% APR on £50 baskets. Merchant-funded volume grew 48% last year and its merchant fee fell to 2.29% of GMV.
None of Amazon's Three 90 Percents for Seller Assistant Is an Adoption Rate
Amazon's Seller Assistant post carries three separate 90% figures measuring availability, acceptance and context. Active users are hundreds of thousands.
Amazon Barred Meta's Agent on Its Conditions of Use, the One Claim It Did Not Lose
Amazon blocked Muse on 20 September citing its customer agreement, not the anti-hacking law it lost on 4 August. Shopify opened Shop Pay to it next day.
Amazon Is Expected to Take $1.2 Billion a Year of Generac Generators. That Is Half Generac's Commercial Sales.
Amazon is expected to take $2.4B of Generac backup generators in 2027-28, $1.2B a year or 54% of Generac's C&I pace. The $8B only caps warrant vesting.
Amazon Told Its Banks It Was Done Borrowing, Then Sold £4.25 Billion of Sterling Bonds
Amazon told underwriters in July it would not issue more debt in 2026, then priced a debut £4.25bn sterling book on 9 September — 2.6% of its capex plan.
Amazon Pays $4.03 Billion to Exercise. Our Model Sits 25% Under Qualcomm's $5 Billion Target.
Qualcomm gave Amazon 25m warrant shares at $161.26. The $4.03B is what Amazon pays in; 85% is unvested; our base case sits $1.2B under the $5B target.
Where the revenue goes next
Latest: $200.61B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $96.14B |
| 2020Q4 | $125.56B |
| 2021Q1 | $108.52B |
| 2021Q2 | $113.08B |
| 2021Q3 | $110.81B |
| 2021Q4 | $137.41B |
| 2022Q1 | $116.44B |
| 2022Q2 | $121.23B |
| 2022Q3 | $127.10B |
| 2022Q4 | $149.20B |
| 2023Q1 | $127.36B |
| 2023Q2 | $134.38B |
| 2023Q3 | $143.08B |
| 2023Q4 | $169.96B |
| 2024Q1 | $143.31B |
| 2024Q2 | $147.98B |
| 2024Q3 | $158.88B |
| 2024Q4 | $187.79B |
| 2025Q1 | $155.67B |
| 2025Q2 | $167.70B |
| 2025Q3 | $180.17B |
| 2025Q4 | $213.39B |
| 2026Q1 | $181.52B |
| 2026Q2 | $200.61B |
Latest: $5.75 (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $0.62 |
| 2020Q4 | $0.71 |
| 2021Q1 | $0.79 |
| 2021Q2 | $0.76 |
| 2021Q3 | $0.31 |
| 2021Q4 | $1.38 |
| 2022Q1 | −$0.38 |
| 2022Q2 | −$0.20 |
| 2022Q3 | $0.28 |
| 2022Q4 | $0.03 |
| 2023Q1 | $0.31 |
| 2023Q2 | $0.65 |
| 2023Q3 | $0.94 |
| 2023Q4 | $1.00 |
| 2024Q1 | $0.98 |
| 2024Q2 | $1.26 |
| 2024Q3 | $1.43 |
| 2024Q4 | $1.86 |
| 2025Q1 | $1.59 |
| 2025Q2 | $1.68 |
| 2025Q3 | $1.95 |
| 2025Q4 | $1.95 |
| 2026Q1 | $2.78 |
| 2026Q2 | $5.75 |
Latest: 19.2 (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | 92.2 |
| 2020Q4 | 78.0 |
| 2021Q1 | 58.9 |
| 2021Q2 | 60.0 |
| 2021Q3 | 64.3 |
| 2021Q4 | 51.5 |
| 2022Q1 | 78.7 |
| 2022Q2 | 95.2 |
| 2022Q3 | 103.7 |
| 2022Q4 | n/m |
| 2023Q1 | 245.9 |
| 2023Q2 | 102.7 |
| 2023Q3 | 65.9 |
| 2023Q4 | 52.4 |
| 2024Q1 | 50.5 |
| 2024Q2 | 46.2 |
| 2024Q3 | 39.9 |
| 2024Q4 | 39.7 |
| 2025Q1 | 31.0 |
| 2025Q2 | 33.4 |
| 2025Q3 | 31.0 |
| 2025Q4 | 32.2 |
| 2026Q1 | 24.9 |
| 2026Q2 | 19.2 |
Latest: −$7.69B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $2.16B |
| 2020Q4 | $17.24B |
| 2021Q1 | −$6.97B |
| 2021Q2 | −$273M |
| 2021Q3 | −$7.44B |
| 2021Q4 | $5.62B |
| 2022Q1 | −$16.53B |
| 2022Q2 | −$5.13B |
| 2022Q3 | −$3.64B |
| 2022Q4 | $13.73B |
| 2023Q1 | −$8.28B |
| 2023Q2 | $6.06B |
| 2023Q3 | $9.92B |
| 2023Q4 | $29.11B |
| 2024Q1 | $5.05B |
| 2024Q2 | $8.89B |
| 2024Q3 | $4.69B |
| 2024Q4 | $19.58B |
| 2025Q1 | −$7.24B |
| 2025Q2 | $1.15B |
| 2025Q3 | $1.30B |
| 2025Q4 | $15.99B |
| 2026Q1 | −$17.20B |
| 2026Q2 | −$7.69B |
Latest: 10.79B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | 512M |
| 2020Q4 | 502M |
| 2021Q1 | 513M |
| 2021Q2 | 10.29B |
| 2021Q3 | 10.31B |
| 2021Q4 | 507M |
| 2022Q1 | 10.17B |
| 2022Q2 | 10.18B |
| 2022Q3 | 10.33B |
| 2022Q4 | 10.20B |
| 2023Q1 | 10.35B |
| 2023Q2 | 10.45B |
| 2023Q3 | 10.56B |
| 2023Q4 | 10.33B |
| 2024Q1 | 10.67B |
| 2024Q2 | 10.71B |
| 2024Q3 | 10.73B |
| 2024Q4 | 10.52B |
| 2025Q1 | 10.79B |
| 2025Q2 | 10.81B |
| 2025Q3 | 10.85B |
| 2025Q4 | 10.69B |
| 2026Q1 | 10.87B |
| 2026Q2 | 10.79B |
Latest: $149.63B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $91.70B |
| 2020Q4 | $108.94B |
| 2021Q1 | $101.96B |
| 2021Q2 | $101.69B |
| 2021Q3 | $94.25B |
| 2021Q4 | $99.87B |
| 2022Q1 | $83.33B |
| 2022Q2 | $78.20B |
| 2022Q3 | $74.56B |
| 2022Q4 | $88.30B |
| 2023Q1 | $80.02B |
| 2023Q2 | $86.08B |
| 2023Q3 | $96.00B |
| 2023Q4 | $125.11B |
| 2024Q1 | $130.16B |
| 2024Q2 | $139.05B |
| 2024Q3 | $143.75B |
| 2024Q4 | $163.33B |
| 2025Q1 | $156.09B |
| 2025Q2 | $157.24B |
| 2025Q3 | $158.53B |
| 2025Q4 | $174.52B |
| 2026Q1 | $157.32B |
| 2026Q2 | $149.63B |
Latest earnings
Next report: Oct 29, 2026 (Q3 2026)
Company History
Jeff Bezos starts the company in Bellevue, Washington, as an online bookstore named Cadabra, later renamed Amazon, symbolizing its ambition to be the
Amazon.com goes live for public sales, initially sourcing books from wholesalers and publishers.
Amazon goes public on NASDAQ at $18 per share, marking its transition to a publicly traded company.
AWS begins as APIs for web developers to build on Amazon\
Program allows third-party sellers to use Amazon
Amazon buys the supermarket chain for US$13.4 billion, expanding into physical retail.
Bezos steps down as CEO to become executive chairman, with Andy Jassy set to replace him.
Amazon acquires the Metro-Goldwyn-Mayer studio, enhancing its content production through Amazon MGM Studios.
Key Players
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