AMZN

AmazonNASDAQ · Broadline Retail · Consumer Discretionary

Previous close

245.63

Change

+5.28 / +2.20%

FinDog View

Bullish

52-Week Range ?

196.00 – 287.20

P/E (TTM) ?

19.2

Forward P/E ?

21.7

Based on consensus earnings for the next 12 months

Market Cap

$2.60T

−2.34%

S&P 500 −2.28% over same period

Volume / Avg Volume

58.4M / 48.2M

1.21× average

Latest earnings analysisFY2026 Q3Reported 2026-10-29

Amazon Q3 FY2026: record 13.9% operating margin, but EPS misses on lapping gains

Amazon's Q3 FY2026 was an operating triumph and a headline-earnings miss: revenue rose 12.1% to $201.94 billion and operating income hit a record $28.08 billion, yet EPS of $1.89 fell short of the $2.003 consensus because last year's quarter carried $9.5 billion of Anthropic investment gains. Read the quarter through operating margin (13.9%) and AWS growth (39.3%), not the bottom line.

Read the full analysis →

Revenue$201.94BYoY +12.10%

EPS$1.89Missest. $2.00

Next-quarter revenue guidance$243.50B ±1.44%YoY +20.60%

Next-day move−1.41%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 29.71M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q3 Quarter ended 2026-09	2026-10-29	$202B	1.89 / 2.00	−1.41%	Read analysis →
FY2026 Q2 Quarter ended 2026-06	2026-07-30	$201B	5.75 / 1.86	+15.32%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-29	$182B	2.78 / 1.67	+0.77%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-05	$213B	1.95 / 1.67	−5.55%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-30	$180B	1.95 / 1.61	+9.58%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-31	$168B	1.68 / —	−8.27%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-05-01	$156B	1.59 / —	−0.12%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-02-03

in 92 days · After hours

Consensus EPS

$2.50

Last quarter EPS $1.89

Avg. next-day move over the last 7 reports

±5.9%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 0 of its 5-year rangeCheap

5-year range 20.8 – 77.1 · Median 36.4

No buybacks or dividends in the last four quarters

P/E (TTM)

19.2

P/B

4.2

P/S

3.3

PEG

0.90

Earnings Reaction

Over the last 7 reports, the stock moved ±5.9% on average on the first trading day after, rising 3 times

Most recent −1.41%

Volatility & Correlation

1-year beta 1.43 · Correlation with S&P 500 0.55High beta

Annualized volatility 33% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 12 · $365MNet selling $365M

10-01Herrington Douglas JCEO Worldwide Amazon StoresSell$0.25M1,000 shares · Avg price 251.50
09-01Herrington Douglas JCEO Worldwide Amazon StoresSell$0.25M1,000 shares · Avg price 254.77
08-24Zapolsky DavidSenior Vice PresidentSell$2.4M9,258 shares · Avg price 259.77
08-21Reynolds ShelleyVice PresidentSell$0.61M2,343 shares · 3 trades · Avg price 259.01
08-21Olsavsky Brian TSenior Vice President and CFOSell$1.6M6,172 shares · Avg price 260.31
08-21Zapolsky DavidSenior Vice PresidentSell$1.6M6,172 shares · 4 trades · Avg price 259.14
08-21Herrington Douglas JCEO Worldwide Amazon StoresSell$1.6M6,362 shares · 3 trades · Avg price 259.01
08-21Garman Matthew SCEO Amazon Web ServicesSell$3.8M14,541 shares · 4 trades · Avg price 259.06

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q3	201.94	+12.1%	53.2%	28.08	20.69	42.42	1.89
FY2026 Q2	200.61	+19.6%	52.3%	27.46	62.65	45.39	5.75
FY2026 Q1	181.52	+16.6%	51.8%	23.85	30.26	26.03	2.78
FY2025 Q4	213.39	+13.6%	48.5%	24.98	21.19	54.46	1.95
FY2025 Q3	180.17	+13.4%	50.8%	17.42	21.19	35.53	1.95
FY2025 Q2	167.70	+13.3%	51.8%	19.17	18.16	32.52	1.68
FY2025 Q1	155.67	+8.6%	50.6%	18.41	17.13	17.02	1.59
FY2024 Q4	187.79	+10.5%	47.3%	21.20	20.00	45.64	1.86
FY2024 Q3	158.88	+11.0%	49.0%	17.41	15.33	25.97	1.43
FY2024 Q2	147.98	+10.1%	50.1%	14.67	13.49	25.28	1.26
FY2024 Q1	143.31	+12.5%	49.3%	15.31	10.43	18.99	0.98
FY2023 Q4	169.96	+13.9%	45.5%	13.21	10.62	42.47	1.00

Peers

Largest by market cap in the sector · Latest quarterView Consumer Discretionary sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
AMZN	Amazon	$2.60T	19.2	+12.1%	53.2%	−2.34%	Bullish
TSLA	Tesla, Inc.	$1.58T	490.8	−0.2%	19.6%	+8.97%	Neutral	Compare
HD	Home Depot (The)	$328B	23.1	+5.7%	33.7%	+20.61%	Neutral	Compare
MCD	McDonald's	$183B	20.8	+3.7%	90.4%	+14.55%	Neutral	Compare
TJX	TJX Companies	$154B	25.4	+5.4%	33.4%	+6.27%	Bullish	Compare
SBUX	Starbucks	$118B	59.6	−1.4%	—	+10.23%	Neutral	Compare
LOW	Lowe's	$117B	17.7	+8.3%	33.0%	+20.66%	Neutral	Compare
BKNG	Booking Holdings	$111B	15.4	+8.1%	—	−3.31%	Bullish	Compare
MAR	Marriott International	$104B	40.2	+8.0%	—	+15.97%	Bullish	Compare

The View in One Line

EPS 5.75 far beat 1.86 estimate and revenue grew 12.1% on AWS strength, though negative free cash flow tempers the bullish view.

Updated 2026-11-02

View History

11-02Neutral → Bullish
EPS 5.75 far beat 1.86 estimate and revenue grew 12.1% on AWS strength, though negative free cash flow tempers the bullish view.

Notable Institutional Holders

Coatue Management$2.8BAdded +49%
Citadel Advisors · Ken Griffin$2.6BAdded +34%
Pershing Square · Bill Ackman$2.4BAdded +19%
Tiger Global Management$2.3BReduced −3%
Appaloosa · David Tepper$1.2BAdded +16%
Viking Global Investors$882MAdded +210%
Renaissance Technologies$546M
Bridgewater Associates · Ray Dalio$483MReduced −54%

As of 2026-06-30

ETFs holding it

XLY Consumer Discretionary Select Sector SPDR Fund21.26%
SCHG Schwab U.S. Large-Cap Growth ETF5.03%
VUG Vanguard Growth ETF4.72%
QQQ Invesco QQQ4.48%
QQQM Invesco NASDAQ 100 ETF4.43%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF4.08%
SPY SPDR S&P 500 ETF Trust3.71%
VOO Vanguard S&P 500 ETF3.70%

Weights estimated at latest prices

Key Events

09-14Capital Actions
Amazon Completes £4.242 Billion Bond Offering
On September 14, 2026, Amazon completed the issuance of four series of sterling bonds with total principal of £4.25 billion, a public offering price of about £4.242 billion and net proceeds of about £4.235 billion.Source ↗
09-09Management Change
Amazon Appoints Kevin Mandia to Board
On September 8, 2026, Amazon's board elected Kevin Mandia as a director and appointed him to the audit committee and security committee.Source ↗
07-09Capital Actions
Amazon Completes ~$24.9 Billion Bond Offering
On July 9, 2026, Amazon completed an eight-series corporate bond offering with total offering price of approximately $24.923 billion and net proceeds of approximately $24.867 billion.Source ↗
06-12Capital Actions
Amazon Completes C$12.5 Billion Bond Offering
On June 12, 2026, Amazon completed the issuance of five series of Canadian dollar bonds with total principal of C$12.5 billion and total public offering proceeds of approximately C$13.967 billion.Source ↗
06-10Capital Actions
Amazon Signs $17.5 Billion Delayed-Draw Term Loan Agreement
On June 8, 2026, Amazon entered into a $17.5 billion senior unsecured delayed-draw term loan agreement with Citibank and others, for general corporate purposes.Source ↗
05-22Governance
Amazon Annual Meeting Completes Director Elections and Auditor Ratification
On May 20, 2026, Amazon's shareholders elected 11 directors including Bezos and Jassy, and ratified EY as auditor for fiscal 2026.Source ↗

Key Financial Trends

Quarterly Revenue ($B)201.9

Gross Margin53.2%

Free Cash Flow ($B)42.4