AMZN Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
14
Q3
21
2024
Q4
4
Q1
14
Q2
14
Q3
21
2025
Q4
7
Q1
16
2026
Q2
40
0
Mix
Other AMZN Charts
More quarter-by-quarter fundamentals for Amazon.com, Inc.
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Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Mega-Cap Tech Comparison
1 / 3
AAPL · Rule of 40
2026 Q2 · latest
45.5✓ Passing
Growth +16.4%
FCF +29.2%
31
Q3
26
2024
Q4
27
Q1
36
Q2
34
Q3
52
2025
Q4
41
Q1
46
2026
Q2
40
0
Mix
MSFT · Rule of 40
2026 Q2 · latest
39.6✗ Below 40
Growth +17.7%
FCF +21.8%
45
Q3
22
2024
Q4
42
Q1
52
Q2
51
Q3
24
2025
Q4
37
Q1
39
2026
Q2
40
0
Mix
WMT · Rule of 40
2027 Q2 · latest
9.9✗ Below 40
Growth +5.9%
FCF +4.0%
6
Q3
8
2025
Q4
3
Q1
8
Q2
7
Q3
9
2026
Q4
6
Q1
10
2027
Q2
40
0
Mix
Latest Rule of 40: +16 (2026Q2); +2 pts YoY.
Across the 8 quarters from 2024Q3 to 2026Q2, Rule of 40 ranged from +4 in 2025Q1 to +21 in 2024Q4.