The Motley Fool·13h ago
Amazon's Stock Is Historically Cheap. Now Is Your Perfect Buying OpportunityAmazon is spending $200 billion on data centers this year. Amazon's stock rarely trades at a price-to-cash-from-operations ratio this cheap.
Amazon.com, Inc.(AMZN)Earnings, Financials & Key Ratios
AMZN•NASDAQ
$245.98
34.3× P/E·Price updated Jul 7, 2026
AboutAmazon.com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). Its products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, Blink, eero, and Echo; and develops and produces media content. In addition, it offers programs that enable sellers to sell their products in its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, and digital content subscriptions. Additionally, it offers Amazon Prime, a membership program. The company serves consumers, sellers, developers, enterprises, content creators, and advertisers. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.Show more
- Revenue$716.92B+12.4%
- EBITDA$145.73B+20.1%
- Net Income$77.67B+31.1%
- EPS (Diluted)7.17+29.7%
- Gross Margin50.29%+2.9%
- EBITDA Margin20.33%+6.8%
- Operating Margin11.16%+3.8%
- Net Margin10.83%+16.7%
- ROE22.29%-8.2%
AMZN Price & Volume
Amazon.com, Inc. (AMZN) stock price & volume — 10-year historical chart
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Aggressive Infrastructure Spending Masks Operational Margin Gains
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Capital intensity of AI
Key Thesis Takeaways
- Amazon is currently navigating a massive capital expenditure cycle, with CapEx reaching 24.4% of revenue in 2026Q1 to support long-term AI and logistics dominance.
- While revenue growth remains resilient at 16.6%, the company's reliance on high-margin advertising and cloud services warrants caution regarding potential cyclical downturns.
- Investors should monitor the decoupling of net income from cash flow, as the current negative 10.0% FCF margin suggests that massive infrastructure investments are temporarily suppressing cash-generative capacity.
Verdict Logic
while the company demonstrates strong revenue growth of 16.6%, the current P/FCF multiple of 325.20 and negative free cash flow margins suggest that the stock is priced for perfection amidst heavy capital intensity.
AMZN Growth Metrics
Amazon.com, Inc. (AMZN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years20.95%
5 Years13.18%
3 Years11.73%
TTM14.22%
Profit CAGR
10 Years62.74%
5 Years29.49%
3 Years-
TTM37.69%
EPS CAGR
10 Years60.68%
5 Years27.96%
3 Years-
TTM36.16%
Return on Capital
10 Years11.87%
5 Years11.59%
3 Years14.42%
Last Year15.3%
AMZN Recent Earnings
Amazon.com, Inc. (AMZN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$2.78+70.6%
$1.63
Rev
$181.5B+2.4%
$177.3B
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$1.95-1.0%
$1.97
Rev
$213.4B+0.9%
$211.5B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$1.95+24.2%
$1.57
Rev
$180.2B+1.3%
$177.9B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$1.68+28.2%
$1.31
Rev
$167.7B+3.7%
$161.8B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $2.78vs $1.63+70.6% | $181.5Bvs $177.3B+2.4% |
| Q1 2026 | Feb 5, 2026 | $1.95vs $1.97-1.0% | $213.4Bvs $211.5B+0.9% |
| Q4 2025 | Oct 30, 2025 | $1.95vs $1.57+24.2% | $180.2Bvs $177.9B+1.3% |
| Q3 2025 | Jul 31, 2025 | $1.68vs $1.31+28.2% | $167.7Bvs $161.8B+3.7% |
Based on last 12 quarters of dataView full earnings history →
Latest AMZN News
Recent stock market news and headlines for Amazon.com, Inc. (AMZN)
24/7 Wall Street·16h ago
Amazon Is Borrowing Another $25 Billion for AI, and Promises This Is the Last Time This YearOn CNBC this morning, David Faber walked through the bond deal of the day with Jim Cramer, and the numbers do a lot of the talking.
GuruFocus·16h ago
Amazon Plans $25 Billion Bond SaleAmazon.com (AMZN, Financials), the e-commerce, cloud computing and digital services company behind Amazon Web Services and Prime, plans to raise at least $25 bi
24/7 Wall Street·Jun 28, 2026
Forget Prime Day. Amazon's AI Empire Makes It the World's Most Complete Tech PlatformPrime Day generates billions of dollars in sales and dominates headlines every summer.
The Motley Fool·Jun 28, 2026
Anthropic Could Become the Most Valuable Software Company in History. These Stocks Have Exposure to the AI Giant.Amazon, Alphabet, Salesforce, Nvidia, and Microsoft have all participated in Anthropic's funding raises over the past few years. Anthropic is also funneling business to key investors and partners, especially Amazon and Alphabet.
Peers Comparison
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 |
|---|---|---|---|---|---|---|---|
| $245.98 | $2.65T | 34.31 | 12.38% | 10.83% | 22.29% | — | |
| $388.84 | $2.89T | 28.51 | 14.93% | 39.34% | 33.13% | — | |
| $367.03 | $4.44T | 33.95 | 15.13% | 37.91% | 38.98% | — | |
| $615.58 | $1.56T | 26.21 | 22.17% | 32.84% | 33.22% | — | |
| $310.66 | $4.56T | 41.64 | 6.43% | 27.15% | 146.69% | — | |
| $111.54 | $889.08B | 40.86 | 4.73% | 3.18% | 22.7% | — |
Compare AMZN vs Peers
Amazon.com, Inc. (AMZN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AMZN SEC Filings & Documents
Amazon.com, Inc. (AMZN) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 29, 2026·SEC
Material company update
Apr 14, 2026·SEC
Material company update
Apr 9, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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AMZN Frequently Asked Questions
Amazon.com, Inc. (AMZN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Amazon.com, Inc.'s revenue?
Amazon.com, Inc. (AMZN) reported $742.78B in revenue for fiscal year 2025. This represents a 4717136% increase from $15.7M in 1996.
How fast is Amazon.com, Inc. growing?
Amazon.com, Inc. (AMZN) grew revenue by 12.4% over the past year. This is steady growth.
Is AMZN profitable?
Yes, Amazon.com, Inc. (AMZN) is profitable, generating $90.80B in net income for fiscal year 2025 (10.8% net margin).
Dividend & Returns
What is AMZN's return on equity?
Amazon.com, Inc. (AMZN) has a return on equity (ROE) of 22.3%. This is excellent, indicating efficient use of shareholder capital.
What is Amazon.com, Inc.'s free cash flow?
Amazon.com, Inc. (AMZN) had negative free cash flow of $2.47B in fiscal year 2025, likely due to heavy capital investments.