Amazon COM Inc. (AMZN) stock — is it a good business?

Amazon COM Inc. (AMZN) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Amazon COM's results release of October 29, 2026; its quarterly report has since been filed.

Revenue
Actual
$201.94B
+12% y/y
+0.7% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$1.89
-3.1% y/y
-67% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$28.08B
+61% y/y
+2.2% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

How it makes money

North America retail and related services58%
International retail and related services21%
Amazon Web Services21%

Shares of revenue are estimates for Q2 2026, not figures from a filing.

Competes with

What it sells6

Amazon online and physical stores
Places where shoppers buy products across many categories, including goods sold by Amazon and by outside sellers.
Seller programs and fulfillment services
Services that let outside businesses list products, pay selling fees, and use Amazon to store, pack, and ship orders.
Amazon Web Services
Rentable computing, storage, database, analytics, artificial intelligence, and other technology services for organizations and developers.

Show 3 more

Advertising services
Paid sponsored listings, display ads, and video ads shown to shoppers and viewers.
Amazon Prime
A paid membership with shipping benefits, movies and series, live sports, and other services.
Amazon devices
Consumer electronics including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero products.

Who buys it6

Consumers buy goods through Amazon's websites, apps, and physical stores.
Outside sellers pay fees to list goods and may pay Amazon to store, pack, and ship orders.
Businesses, developers, government agencies, and academic institutions pay to use AWS services.

Show 3 more

Advertisers pay to show sponsored listings, display ads, and video ads.
Prime members pay a subscription fee for shipping, entertainment, and other membership benefits.
Authors, publishers, musicians, filmmakers, and other creators use Amazon programs to publish or sell content.

What it stands on, and what could break it

What the business leans on

1Retail sales and deliveries depend on Amazon's fulfillment centers, transportation network, stores, and technology systems working reliably.
2AWS and other services depend on data centers, servers, networking equipment, and a dependable electricity supply.
3Amazon's stores depend on product suppliers, while its marketplace depends on outside sellers listing goods and following applicable rules.
4Operations in many countries expose Amazon to local laws, trade policies, taxes, and currency changes.

What could go wrong

1A failure or disruption in fulfillment facilities, data centers, networks, or other systems could interrupt deliveries or online and cloud services; security incidents could expose or damage data.
2Fraudulent or unlawful activity by outside sellers, or products that harm people or property, could lead to customer harm, legal claims, or government action.
3Supplier or transportation disruptions, trade and tariff changes, and shortages or price increases for components such as memory chips could affect product availability and operating costs.

Full financial statements →

About Amazon COM Inc.

Amazon sells goods through its online and physical stores and lets other sellers list products and use its shipping and order-handling services. Through Amazon Web Services (AWS), it rents computing power, data storage, databases, and other technology services to businesses, developers, and government customers. It also earns money from advertising, Prime memberships, electronic devices, and digital entertainment.

Head office: Seattle, Washington
Founded: 1994
Employees: approximately 1,576,000 (December 31, 2025, high)
Listed on: NASDAQ
Financial year ends: December 31

Built from Amazon COM Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Amazon COM's results release of October 29, 2026; its quarterly report has since been filed.

Revenue
Actual
$201.94B
+12% y/y
+0.7% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$1.89
-3.1% y/y
-67% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$28.08B
+61% y/y
+2.2% q/q
Guided
—
No guide given

Keep exploring

The themes Amazon COM is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The themes it is part of

Highest-graded in Internet Retail

Graded A or B and worth $2B or more: A first, then the largest.

All 38 graded companies in its industry

Grade rose recently in Consumer Discretionary

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

North America retail and related services58%
International retail and related services21%
Amazon Web Services21%

Shares of revenue are estimates for Q2 2026, not figures from a filing.

Competes with

What it sells6

Amazon online and physical stores
Places where shoppers buy products across many categories, including goods sold by Amazon and by outside sellers.
Seller programs and fulfillment services
Services that let outside businesses list products, pay selling fees, and use Amazon to store, pack, and ship orders.
Amazon Web Services
Rentable computing, storage, database, analytics, artificial intelligence, and other technology services for organizations and developers.

Show 3 more

Advertising services
Paid sponsored listings, display ads, and video ads shown to shoppers and viewers.
Amazon Prime
A paid membership with shipping benefits, movies and series, live sports, and other services.
Amazon devices
Consumer electronics including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero products.

Who buys it6

Consumers buy goods through Amazon's websites, apps, and physical stores.
Outside sellers pay fees to list goods and may pay Amazon to store, pack, and ship orders.
Businesses, developers, government agencies, and academic institutions pay to use AWS services.

Show 3 more

Advertisers pay to show sponsored listings, display ads, and video ads.
Prime members pay a subscription fee for shipping, entertainment, and other membership benefits.
Authors, publishers, musicians, filmmakers, and other creators use Amazon programs to publish or sell content.