Stocks·NASDAQ:AMZN

Amazon (AMZN)

I own it · as I said on Nov 2, 2026

OverviewFinancialsOwnersFilings
Loading chart…
Revenue, last 12 months$797B+15% vs. a year before
Free cash flow, last 12 months-$46.9BSpending more on buildings and equipment than it brings in
Cash and short-term investments$114BDebt: $181B
Shares outstanding, past year+1.1%10.8B shares now

My take

No average analyst target in this video.

Every video where I mention AMZN

The last 12 months

  1. Oct 31, 2026VideoMy video: Amazon & Google Stock: AI Bubble Beginning to Pop or Deal of the Year?
  2. Oct 30, 202610-QQuarterly report
  3. Oct 29, 20268-KReleased quarterly results
  4. Sep 14, 20268-KOther news
  5. Sep 11, 2026424B5Prospectus for a sale off the shelf (new shares, an at-the-market program, or bonds)
  6. Sep 9, 20268-KExecutive or board change
  7. Sep 9, 2026424B5Prospectus for a sale off the shelf (new shares, an at-the-market program, or bonds)
  8. Aug 18, 2026424B3Prospectus (often lets existing holders resell shares)
  9. Aug 6, 2026SCHEDULE 13GAn investor reported a 5%+ stake
  10. Jul 31, 202610-QQuarterly report
  11. Jul 30, 20268-KReleased quarterly results
  12. Jul 9, 20268-KOther news
  13. Jul 8, 2026424B5Prospectus for a sale off the shelf (new shares, an at-the-market program, or bonds)
  14. Jul 7, 2026424B5Prospectus for a sale off the shelf (new shares, an at-the-market program, or bonds)

All filings →

Spending more than it brings in, on purpose. Over the last 12 months its operations brought in $168B, but it spent $215B on buildings and equipment, so free cash flow was -$46.9B. That's a choice to invest, not a company running low on cash.

Revenue by year
2016: $136B20162017: $178B20172018: $233B20182019: $281B20192020: $386B20202021: $470B20212022: $514B20222023: $575B20232024: $638B20242025: $717B2025$717B
Show the numbers
Revenue by year
2016$136B
2017$178B
2018$233B
2019$281B
2020$386B
2021$470B
2022$514B
2023$575B
2024$638B
2025$717B
Revenue by quarter calendar quarter the period ended in
Q4 23: $170BQ1 24: $143BQ1 24Q2 24: $148BQ3 24: $159BQ3 24Q4 24: $188BQ1 25: $156BQ1 25Q2 25: $168BQ3 25: $180BQ3 25Q4 25: $213BQ1 26: $182BQ1 26Q2 26: $201BQ3 26: $202BQ3 26$202B
Show the numbers
Revenue by quarter
Q4 23$170B
Q1 24$143B
Q2 24$148B
Q3 24$159B
Q4 24$188B
Q1 25$156B
Q2 25$168B
Q3 25$180B
Q4 25$213B
Q1 26$182B
Q2 26$201B
Q3 26$202B
Operating income (loss) by year profit from the business before interest and taxes
2016: $4.19B20162017: $4.11B20172018: $12.4B20182019: $14.5B20192020: $22.9B20202021: $24.9B20212022: $12.2B20222023: $36.9B20232024: $68.6B20242025: $80B2025$80B
Show the numbers
Operating income (loss) by year
2016$4.19B
2017$4.11B
2018$12.4B
2019$14.5B
2020$22.9B
2021$24.9B
2022$12.2B
2023$36.9B
2024$68.6B
2025$80B
Free cash flow by year cash from operations minus spending on buildings and equipment
2016: $10.5B20162017: $6.41B20172018: $17.3B20182019: $21.7B20192020: $25.9B20202021: -$14.7B20212022: -$16.9B20222023: $32.2B20232024: $32.9B20242025: $7.70B2025$7.70B
Show the numbers
Free cash flow by year
2016$10.5B
2017$6.41B
2018$17.3B
2019$21.7B
2020$25.9B
2021-$14.7B
2022-$16.9B
2023$32.2B
2024$32.9B
2025$7.70B
Cash vs. debt

Cash and short-term investmentsDebt

2016 · Cash and short-term investments: $26B2016 · Debt: $8.84B20162017 · Cash and short-term investments: $31B2017 · Debt: $24.9B20172018 · Cash and short-term investments: $41.3B2018 · Debt: $25B20182019 · Cash and short-term investments: $55B2019 · Debt: $24.8B20192020 · Cash and short-term investments: $84.4B2020 · Debt: $33.2B20202021 · Cash and short-term investments: $96B2021 · Debt: $50.6B20212022 · Cash and short-term investments: $70B2022 · Debt: $70.5B20222023 · Cash and short-term investments: $86.8B2023 · Debt: $67.2B20232024 · Cash and short-term investments: $101B2024 · Debt: $58B20242025 · Cash and short-term investments: $123B2025 · Debt: $68.8B2025
Show the numbers
Cash and short-term investmentsDebt
2016$26B$8.84B
2017$31B$24.9B
2018$41.3B$25B
2019$55B$24.8B
2020$84.4B$33.2B
2021$96B$50.6B
2022$70B$70.5B
2023$86.8B$67.2B
2024$101B$58B
2025$123B$68.8B
How it makes money: Q3 2026 revenue by business segment; the thin line is a year earlier
  • North America$113B 56% +6% vs. a year ago
  • Amazon Web Services$46B 23% +39% vs. a year ago
  • International$43.1B 21% +5% vs. a year ago

From the 10-Q filed Oct 30, 2026. Source.

Stock pay vs. buybacks

Stock-based pay to employeesSpent buying back shares

2020 · Stock-based pay to employees: $9.21B2020 · Spent buying back shares: $020202021 · Stock-based pay to employees: $12.8B2021 · Spent buying back shares: $020212022 · Stock-based pay to employees: $19.6B2022 · Spent buying back shares: $6B20222023 · Stock-based pay to employees: $24B2023 · Spent buying back shares: $020232024 · Stock-based pay to employees: $22B2024 · Spent buying back shares: $020242025 · Stock-based pay to employees: $19.5B2025 · Spent buying back shares: $02025
Show the numbers
Stock-based pay to employeesSpent buying back shares
2020$9.21B$0
2021$12.8B$0
2022$19.6B$6B
2023$24B$0
2024$22B$0
2025$19.5B$0

If buybacks are smaller than stock pay, the buyback isn't shrinking the share count; it's soaking up shares handed to employees.

Compare AMZN with other stocks →

From the company's own SEC filings via SEC EDGAR, latest period ended Sep 30, 2026. Numbers can be restated later. Not investment advice.

Dilution

Shares outstanding adjusted for the 20-for-1 split
Jan 2023: 10.2BApr 2023: 10.3BApr 2023Jul 2023: 10.3BOct 2023: 10.3BOct 2023Jan 2024: 10.4BApr 2024: 10.4BApr 2024Jul 2024: 10.5BOct 2024: 10.5BOct 2024Jan 2025: 10.6BApr 2025: 10.6BApr 2025Jul 2025: 10.7BOct 2025: 10.7BOct 2025Jan 2026: 10.7BApr 2026: 10.8BApr 2026Jul 2026: 10.8BOct 2026: 10.8BOct 202610.8B
Show the numbers
Shares outstanding
Jan 202310.2B
Apr 202310.3B
Jul 202310.3B
Oct 202310.3B
Jan 202410.4B
Apr 202410.4B
Jul 202410.5B
Oct 202410.5B
Jan 202510.6B
Apr 202510.6B
Jul 202510.7B
Oct 202510.7B
Jan 202610.7B
Apr 202610.8B
Jul 202610.8B
Oct 202610.8B

The share count is up +1.1% in a year, so each share is a slightly smaller slice of the company. What dilution means.

Insider trades

Insider buys, 12 months0none
Insider sales, 12 months127$449M, 127 planned in advance

Bought or sold on the open market

DateWhoWhatSharesValueFiling
Nov 2, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Sold on the market (planned)1K$243KForm 4
Oct 1, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Sold on the market (planned)1K$252KForm 4
Sep 1, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Sold on the market (planned)1K$255KForm 4
Aug 24, 2026David Zapolsky
Senior Vice President
Sold on the market (planned)9.3K$2.40MForm 4
Aug 21, 2026Andrew R Jassy
President and CEO, Director
Sold on the market (planned)
4 trades that day
20K$5.18MForm 4
Aug 21, 2026Matthew S Garman
CEO Amazon Web Services
Sold on the market (planned)
4 trades that day
14.5K$3.77MForm 4
Aug 21, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Sold on the market (planned)
3 trades that day
6.4K$1.65MForm 4
Aug 21, 2026David Zapolsky
Senior Vice President
Sold on the market (planned)
4 trades that day
6.2K$1.60MForm 4
Aug 21, 2026Brian T Olsavsky
Senior Vice President and CFO
Sold on the market (planned)6.2K$1.61MForm 4
Aug 21, 2026Shelley Reynolds
Vice President
Sold on the market (planned)
3 trades that day
2.3K$607KForm 4
Aug 17, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Sold on the market (planned)
3 trades that day
3.7K$983KForm 4
Aug 3, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Sold on the market (planned)1K$278KForm 4
Aug 3, 2026Jeffrey P Bezos
Executive Chair, Director
Sold on the market (planned)1.2M$346MForm 4
Jul 1, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Sold on the market (planned)1K$240KForm 4
Jun 1, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Sold on the market (planned)1K$266KForm 4
Everything else: grants, option exercises, tax withholding (48)
DateWhoWhatSharesValueFiling
Aug 26, 2026Jeffrey P Bezos
Executive Chair, Director
Gift231Kn/aForm 4
Aug 25, 2026Jeffrey P Bezos
Executive Chair, Director
Gift185Kn/aForm 4
Aug 21, 2026Andrew R Jassy
President and CEO, Director
Exercised options (planned)50Kn/aForm 4
Aug 21, 2026Matthew S Garman
CEO Amazon Web Services
Exercised options (planned)
4 trades that day
18.2Kn/aForm 4
Aug 21, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Exercised options (planned)
3 trades that day
15.9Kn/aForm 4
Aug 21, 2026David Zapolsky
Senior Vice President
Exercised options (planned)
2 trades that day
15.4Kn/aForm 4
Aug 21, 2026Brian T Olsavsky
Senior Vice President and CFO
Exercised options (planned)
2 trades that day
15.4Kn/aForm 4
Aug 21, 2026Shelley Reynolds
Vice President
Exercised options (planned)
2 trades that day
2.3Kn/aForm 4
Aug 15, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Exercised options (planned)9.4Kn/aForm 4
Aug 6, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Gift22Kn/aForm 4
May 21, 2026Andrew R Jassy
President and CEO, Director
Exercised options (planned)50Kn/aForm 4
May 21, 2026Matthew S Garman
CEO Amazon Web Services
Exercised options (planned)
4 trades that day
18.2Kn/aForm 4
May 21, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Exercised options (planned)
3 trades that day
15.9Kn/aForm 4
May 21, 2026David Zapolsky
Senior Vice President
Exercised options (planned)
2 trades that day
15.5Kn/aForm 4
May 21, 2026Brian T Olsavsky
Senior Vice President and CFO
Exercised options
2 trades that day
15.5Kn/aForm 4
May 21, 2026Shelley Reynolds
Vice President
Exercised options (planned)
2 trades that day
2.4Kn/aForm 4
May 15, 2026Matthew S Garman
CEO Amazon Web Services
Exercised options (planned)13.5Kn/aForm 4
May 15, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Exercised options (planned)9.4Kn/aForm 4
May 15, 2026Andrew Y. Ng
Director
Exercised options2Kn/aForm 4
May 15, 2026Indra K Nooyi
Director
Exercised options1.6Kn/aForm 4
May 4, 2026Jeffrey P Bezos
Executive Chair, Director
Gift220Kn/aForm 4
May 1, 2026Jeffrey P Bezos
Executive Chair, Director
Gift1Mn/aForm 4
Feb 21, 2026Andrew R Jassy
President and CEO, Director
Exercised options (planned)
2 trades that day
49.7Kn/aForm 4
Feb 21, 2026Matthew S Garman
CEO Amazon Web Services
Exercised options (planned)
3 trades that day
20.9Kn/aForm 4
Feb 21, 2026David Zapolsky
Senior Vice President
Exercised options (planned)
3 trades that day
17.7Kn/aForm 4
Feb 21, 2026Brian T Olsavsky
Senior Vice President and CFO
Exercised options
3 trades that day
17.7Kn/aForm 4
Feb 21, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Exercised options (planned)
3 trades that day
17.1Kn/aForm 4
Feb 21, 2026Shelley Reynolds
Vice President
Exercised options (planned)
3 trades that day
2.7Kn/aForm 4
Feb 15, 2026Douglas J Herrington
CEO Worldwide Amazon Stores
Exercised options (planned)12Kn/aForm 4
Feb 15, 2026Jamie S Gorelick
Director
Exercised options2.7Kn/aForm 4
Feb 15, 2026Wendell P Weeks
Director
Exercised options1.8Kn/aForm 4
Nov 21, 2025Andrew R Jassy
President and CEO, Director
Exercised options (planned)
2 trades that day
49.7Kn/aForm 4
Nov 21, 2025Matthew S Garman
CEO Amazon Web Services
Exercised options (planned)
3 trades that day
20.9Kn/aForm 4
Nov 21, 2025David Zapolsky
Senior Vice President
Exercised options (planned)
3 trades that day
17.8Kn/aForm 4
Nov 21, 2025Brian T Olsavsky
Senior Vice President and CFO
Exercised options
3 trades that day
17.8Kn/aForm 4
Nov 21, 2025Douglas J Herrington
CEO Worldwide Amazon Stores
Exercised options (planned)
3 trades that day
17.1Kn/aForm 4
Nov 21, 2025Shelley Reynolds
Vice President
Exercised options (planned)
3 trades that day
2.7Kn/aForm 4
Nov 15, 2025Douglas J Herrington
CEO Worldwide Amazon Stores
Exercised options (planned)12Kn/aForm 4
Nov 15, 2025Patricia Q Stonesifer
Director
Exercised options2.5Kn/aForm 4
Nov 15, 2025Jonathan Rubinstein
Director
Exercised options2.5Kn/aForm 4

An insider buying with their own money is a stronger signal than a sale: people sell for taxes, houses and diversification. "Planned" sales were scheduled months ahead under a 10b5-1 plan. Source: SEC Form 4.

Famous investors who own it

InvestorQuarterSharesValueShare of fundChange
Philippe Laffont (Coatue Management)Q2 2611.8M$2.82B5.8%Added (+49%)
Chase Coleman (Tiger Global Management)Q2 269.7M$2.31B9.6%Trimmed (-3%)
Bill Ackman (Pershing Square)Q2 268.6M$2.04B10.5%Trimmed (-25%)
David Tepper (Appaloosa)Q2 265M$1.19B16%Added (+16%)
Seth Klarman (Baupost Group)Q2 263.7M$892M16.5%Added (+20%)
Brad Gerstner (Altimeter Capital Management)Q2 262.4M$578M5.9%Added (+16%)
Ray Dalio (founder) (Bridgewater Associates)Q2 262M$483M2%Trimmed (-54%)
Dan Loeb (Third Point)Q2 261.8M$417M9%Trimmed (-10%)
Cathie Wood (ARK Investment Management)Q2 261.6M$379M2.5%Added (+17%)
George Soros (Soros Fund Management)Q2 261.2M$282M3.7%Trimmed (-39%)
Stanley Druckenmiller (Duquesne Family Office)Q2 26542K$129M3%Added (+1,083%)

From each fund's latest 13F, filed up to 45 days after the quarter ends, so it's old news by design. 13Fs only show US stock owned on the last day of the quarter: no short sales, and "added" or "trimmed" compares two snapshots, not actual trades. See what these funds bought and sold.

Failed trades

Failed trades (fails to deliver) shares that weren't delivered on time when a trade settled
Jul 15: 7Jul 16: 6.2KJul 17: 1.1KJul 20: 806Jul 20Jul 21: 25Jul 22: 7.5KJul 23: 611Jul 24: 15.8KJul 24Jul 27: 256Jul 29: 18Jul 31: 5.2KAug 3: 136KAug 3Aug 4: 4KAug 6: 17.2KAug 7: 660Aug 10: 87.6KAug 10Aug 11: 1KAug 14: 1Aug 17: 4.8KAug 19: 100Aug 19Aug 20: 5KAug 24: 100Aug 25: 580Aug 31: 86.6KAug 31Sep 2: 5.8KSep 3: 112Sep 8: 300Sep 14: 193Sep 14Sep 16: 18.7KSep 17: 140Sep 18: 70Sep 21: 2.5KSep 21Sep 22: 2.1KSep 28: 491Oct 1: 54.8KOct 2: 1.2KOct 2Oct 6: 57Oct 8: 19.2KOct 13: 1.1KOct 14: 224Oct 14224
Show the numbers
Failed trades (fails to deliver)
Jul 157
Jul 166.2K
Jul 171.1K
Jul 20806
Jul 2125
Jul 227.5K
Jul 23611
Jul 2415.8K
Jul 27256
Jul 2918
Jul 315.2K
Aug 3136K
Aug 44K
Aug 617.2K
Aug 7660
Aug 1087.6K
Aug 111K
Aug 141
Aug 174.8K
Aug 19100
Aug 205K
Aug 24100
Aug 25580
Aug 3186.6K
Sep 25.8K
Sep 3112
Sep 8300
Sep 14193
Sep 1618.7K
Sep 17140
Sep 1870
Sep 212.5K
Sep 222.1K
Sep 28491
Oct 154.8K
Oct 21.2K
Oct 657
Oct 819.2K
Oct 131.1K
Oct 14224

From the SEC's fails-to-deliver data, which runs two to four weeks behind. A spike can mean heavy short selling or just back-office delays; it isn't proof of anything on its own. Short interest isn't shown: FINRA's terms don't allow republishing it.

Share offerings

Selling new shares dilutes current owners. A "shelf" is permission to sell later; a 424B5 usually means a sale is actually happening.

What they told the SEC, in plain English

Every 8-K (the report a company files when something big happens) in the last two years. Red ones are worth a closer look: auditor changes, restatements, late reports, listing problems.

What changed in the latest annual report

Comparing the risk factors in the 10-K filed Feb 6, 2026 with the one filed Feb 7, 2025: 0 new and 0 removed, out of 24.

Matched by each risk's headline, so a reworded risk can show up as new. This year's report · last year's.

Government contracts

$706M in federal contract money over the last 12 months, across 340 awards and changes.

DateAgencyWhat forAmount
Sep 1, 2026Office of Procurement OperationsAMAZON WEB SERVICES (AWS) CLOUD HOSTING SERVICES$60.4M
Mar 24, 2026Department of the ArmyTASK ORDER AWARD AGAINST JWCC MULTIPLE-AWARD IDIQ CONTRACT HC105023D0005 TO AMAZON WEB SERVICES, INC. FOR AWS SECRET IL 4, 5, AND 6 (SECRET) CLOUD COMPUTE AND…$31M
Mar 5, 2026Department of the NavyFY26 AWS BPA CLOUD CONSUMPTION ORDER$25.5M
Sep 1, 2026Office of Procurement OperationsTASK ORDER FOR DEPARTMENT OF HOMELAND SECURITY ENTERPRISE CLOUD - AMAZON WEB SERVICES.$23.2M
Sep 29, 2026Office of Procurement OperationsAMAZON WEB SERVICES (AWS) CLOUD HOSTING SERVICES$23M
Jun 8, 2026Department of the ArmyTASK ORDER AWARD AGAINST JWCC MULTIPLE-AWARD IDIQ CONTRACT HC105023D0005 TO AMAZON WEB SERVICES, INC. FOR AWS SECRET IL 4, 5, AND 6 (SECRET) CLOUD COMPUTE AND…$22.5M
Jun 15, 2026Department of the ArmyTASK ORDER AWARD AGAINST JWCC MULTIPLE-AWARD IDIQ CONTRACT HC105023D0005 TO AMAZON WEB SERVICES, INC. FOR AWS SECRET IL 4, 5, AND 6 (SECRET) CLOUD COMPUTE AND…$22.4M
Jan 22, 2026Department of the ArmyTASK ORDER AWARD AGAINST JWCC MULTIPLE-AWARD IDIQ CONTRACT HC105023D0005 TO AMAZON WEB SERVICES, INC. FOR AWS SECRET IL 4, 5, AND 6 (SECRET) CLOUD COMPUTE AND…$22.4M
Mar 19, 2026Department of the Air ForceTHIS TASK ORDER IS FOR AMAZON WEB SERVICES UNCLASSIFIED AND CLASSIFIED CLOUD SERVICE OFFERINGS AND ENTERPRISE SUPPORT IN SUPPORT OF THE USAF CLOUD ONE OFFICE,…$22.2M
Jun 26, 2026Department of the NavyTHE PURPOSE OF THIS TASK ORDER IS FOR THE DNA DEPARTMENT TO ACQUIRE AND PROVIDE COMMERCIAL CLOUD SERVICES - SPECIFICALLY AWS UNCLASSIFIED CLOUD CONSUMPTION AND…$20M

From USAspending.gov. Amounts are money the government committed, which can be cut later.

Search inside Amazon's filings

Opens the SEC's own full-text search in a new tab, limited to AMZN. Every AMZN filing on EDGAR.