AMZN
Amazon
Beat
Last quarter EPS $3.81 vs $1.83 consensus +108.7%
Stores and AWS are fine. The giant EPS number is not the operating business.
Q2 2026 · filed Jul 31, 2026
$258.51
-0.39 (-0.2%)
Amazon took in $200.6 billion this quarter, up 20%. AWS, the cloud arm, grew 37% to $42.2 billion. The headline earnings per share look enormous because of a one-time paper gain on Anthropic — not because the stores suddenly became that much more profitable.
Ticker Snapshot
Market cap
$2.79T
Shares × last price
EPS (TTM)
$12.43
Trailing twelve months
EBITDA
$53.80B
Average of last 4 Quarters.
Trailing P/E
20.8
Price / TTM EPS
Forward P/E
24.6
Price / next-year EPS
Price / book
5.05×
Price vs net assets on the books
Price / sales
3.59×
Market cap vs last 12 months of sales
Price / cash flow
17.3×
Market cap vs operating cash flow
EV / revenue
3.76×
Enterprise value vs sales — includes debt
52-week
$196.00 – $287.20
Range over the last year
From the latest filing
Last 4 quarters ended Jun 30, 2026. Same period on every tile. Arrows vs last quarter and as of last year.
Godel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffHow sales became profit
Average of Last 4 Quarters · Jul 1, 2025 through Jun 30, 2026
What they sold
$193.9B
Revenue. What customers paid.
Cost to make it
−$95.47B
Cost of goods. What it took to produce.
Profit on the books
$33.82B
GAAP net income. Not cash — that's free cash flow.
Profit margin
17.4%
How much of sales became book profit.
Per $100 of sales
Same story, scaled to a hundred-dollar bill so the mix is obvious.
Sales
$100
Average of last 4 Quarters.
Cost to make it
$49
Average of last 4 Quarters.
On the books
$17
Average of last 4 Quarters.
Where the money came from
Segments tagged in the filing — the parts inside the total.
AWS
$42.20B+37%
$169B annualized run rate. This is the high-margin engine.
Online stores + physical + 3P
$158.4B+16%
The retail machine. Volume giant, thinner margin.
Brief me
A short teacher-voice walkthrough of the filing. On tap, not on load. Never a buy or sell.
Godel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffFilings map
The source documents on EDGAR. Opens in a new tab.
- 4Insider tradesOfficers and directors report buys and sells within two business days. Filed 2026-09-03.
- 10-QQuarterly reportThe numbered financials, MD&A, and risk-factor updates. Filed 2026-07-31.
- 8-KCurrent report (earnings 8-K)The exhibit filed the night of the print — Item 2.02 when it is earnings. Filed 2026-07-30.
- 10-KAnnual reportFull-year audited statements and the business description. Filed 2026-02-06.