Jun 2026 (Q2 FY26) — Jul 30, 2026
Amazon.com Q2 FY26 — AWS and AI Drive Strong Growth, Record CapEx
Read the full callAmazon (AMZN) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Amazon earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 200,606 | +19.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 13.7 | +2.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 62,647 | +244.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
12 of 16 judged targets kept · 19 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Net Sales | between $194 billion and $199 billion | Mar 2026 | We're reporting $200.6 billion in revenue, up 20% year-over-year. | Achieved |
| Trainium3 chip supply commitment | nearly all of our Trainium3 supply of chips to be committed | Dec 2025 | Ghosted | |
| Amazon Leo commercial service launch | launch | Mar 2026 | Amazon Leo is close to 400 satellites in orbit, enough to begin initial satellite Internet service this year. | Diluted |
4 of AMAZON COM INC's 35 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 32 more targets are in the full ledger.
Claimed
- Worldwide revenue increased 20% year-over-year to $200.6 billion.
- Operating income grew 43% year-over-year to $27.5 billion.
- AWS revenue accelerated for the fifth straight quarter, up 36.7% year-over-year, reaching a $169 billion annualized run rate.
- AI revenue run rate exceeded $25 billion, growing triple-digit percentages year-over-year.
- Amazon Ads revenue grew 26% year-over-year to $19.8 billion.
Qualified
- Increased 2026 cash CapEx guidance to $220 billion (from $200 billion) due to higher memory costs.
- Anticipated capacity constraints to meet all demand in 2026 and likely 2027.
- Sequential deceleration in Q3 net sales growth due to Prime Day timing shift (400 bps impact) and unfavorable foreign exchange (80 bps impact).
- Higher transportation costs in the fulfillment network driven by fuel inflation and line haul rates.
Price
$262.45 +4.98% · +$12.45
Performance +23.2% 1Y
1Y: $213.04 on 17 Oct 2025 → $262.45. High $284.02 (3 Aug 2026), low $198.79 (13 Feb 2026).
- Previous close
- $250
- 52-week range
- $198.79 – $284.02
- One year
- +21.24%
Overview
- Symbol
- AMZN
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
12 of 16 judged targets kept · 19 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Net Sales | between $194 billion and $199 billion | Mar 2026 | We're reporting $200.6 billion in revenue, up 20% year-over-year. | Achieved |
| Trainium3 chip supply commitment | nearly all of our Trainium3 supply of chips to be committed | Dec 2025 | Ghosted | |
| Amazon Leo commercial service launch | launch | Mar 2026 | Amazon Leo is close to 400 satellites in orbit, enough to begin initial satellite Internet service this year. | Diluted |
Claimed
- Worldwide revenue increased 20% year-over-year to $200.6 billion.
- Operating income grew 43% year-over-year to $27.5 billion.
- AWS revenue accelerated for the fifth straight quarter, up 36.7% year-over-year, reaching a $169 billion annualized run rate.
- AI revenue run rate exceeded $25 billion, growing triple-digit percentages year-over-year.
- Amazon Ads revenue grew 26% year-over-year to $19.8 billion.
Qualified
- Increased 2026 cash CapEx guidance to $220 billion (from $200 billion) due to higher memory costs.
- Anticipated capacity constraints to meet all demand in 2026 and likely 2027.
- Sequential deceleration in Q3 net sales growth due to Prime Day timing shift (400 bps impact) and unfavorable foreign exchange (80 bps impact).
- Higher transportation costs in the fulfillment network driven by fuel inflation and line haul rates.
The full ledger
Open AMAZON COM INC’s full ledger
A free account opens 5 company ledgers a month. All 35 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
Amazon Q1 FY26 — AWS reaccelerates to 28% as AI-infrastructure and custom silicon commitments surge
Read the full callDec 2025 (Q4 FY25) — Feb 5, 2026
Amazon.com Q4 FY25 — AWS Accelerates, AI Investments Drive Growth
Read the full callEvery analysed call
Amazon earnings calls (AMZN)
Financials
What the filings say
Net profit, year on year: +245% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 158,877 | 187,792 | 155,667 | 167,702 | 180,169 | 213,386 | 181,519 | 200,606 |
| Expenses | 141,466 | 166,589 | 137,262 | 148,531 | 162,747 | 188,409 | 157,667 | 173,145 |
| Operating profit | 17,411 | 21,203 | 18,405 | 19,171 | 17,422 | 24,977 | 23,852 | 27,461 |
| Operating margin | 11.0% | 11.3% | 11.8% | 11.4% | 9.7% | 11.7% | 13.1% | 13.7% |
| Other income | 626 | 1,146 | 3,274 | 1,686 | 10,748 | 1,628 | 15,982 | 53,396 |
| Interest | 603 | 570 | 541 | 516 | 538 | 679 | 800 | 1,314 |
| Profit before tax | 18,037 | 22,349 | 21,679 | 20,857 | 28,170 | 26,605 | 39,834 | 80,857 |
| Tax rate | 15.0% | 10.4% | 21.0% | 12.8% | 24.5% | 18.6% | 24.0% | 22.5% |
| Net profit | 15,328 | 20,004 | 17,127 | 18,164 | 21,187 | 21,192 | 30,255 | 62,647 |
| EPS ($ per share) | 1.46 | — | 1.62 | 1.71 | 1.98 | — | 2.82 | 5.82 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 106 | 108 | 109 | 111 | 112 |
| Reserves | 19,625 | 31,220 | 52,551 | 85,915 | 83,193 | 113,618 | 172,866 | 250,536 |
| Total liabilities | 119,099 | 163,188 | 227,791 | 282,304 | 316,632 | 325,979 | 338,924 | 406,977 |
| Fixed assets | 61,797 | 72,705 | 113,114 | 160,281 | 186,715 | 204,177 | 252,665 | 357,025 |
| Investments | 9,500 | 18,929 | 42,274 | 59,829 | 16,138 | 13,393 | 22,423 | 36,219 |
| Total assets | 162,648 | 225,248 | 321,195 | 420,549 | 462,675 | 527,854 | 624,894 | 818,042 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 30,723 | 38,514 | 66,064 | 46,327 | 46,752 | 84,946 | 115,877 | 139,514 |
| Cash from investing | -12,369 | -24,281 | -59,611 | -58,154 | -37,601 | -49,833 | -94,342 | -142,545 |
| Cash from financing | -7,686 | -10,066 | -1,104 | 6,291 | 9,718 | -15,879 | -11,812 | 9,661 |
| Net cash flow | 10,317 | 4,237 | 5,967 | -5,900 | 17,776 | 19,637 | 8,422 | 7,794 |
| Capital expenditure | -13,427 | -16,861 | -40,140 | -61,053 | -63,645 | -52,729 | -82,999 | -131,819 |
| Free cash flow | 17,296 | 21,653 | 25,924 | -14,726 | -16,893 | 32,217 | 32,878 | 7,695 |
AMZN revenue by segment
Amazon Web Services grew from 17% to 21% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| North America | 60% | 62% | 60% | 60% | 59% | 60% | 57% | 58% | +16.1% |
| Amazon Web Services | 17% | 15% | 19% | 18% | 18% | 17% | 21% | 21% | +36.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
AMZN operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Change vs prior quarter |
|---|---|---|---|---|---|
| Third-party seller unit mix Worldwide | 61%And worldwide third-party selling unit mix was 61% in Q1, consistent with Q1 of last year.Source: earnings call transcript | 62%In Q2, worldwide third-party seller unit mix was 62%, the highest ever, up on 100 basis points from Q2 of last year.Source: earnings call transcript | 62%And in Q3, worldwide third-party seller unit mix was 62%, up 200 basis points from Q3 of last year.Source: earnings call transcript | 61%In Q4, Worldwide third-party seller unit mix was 61%.Source: earnings call transcript | -1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
215 filings between Oct 31, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$456.92M
129 sales by 10 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 77
- Option exercise — converted options into shares
Also filed: 9 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BEZOS JEFFREY P | — | $346.45M | Aug 3, 2026 |
| Jassy Andrew R | — | $35.36M | Aug 21, 2026 |
| Herrington Douglas J | — | $31.72M | Oct 1, 2026 |
| Garman Matthew S | — | $18.35M | Aug 21, 2026 |
| Zapolsky David | — | $16.33M | Aug 24, 2026 |
| RUBINSTEIN JONATHAN | — | $4.06M | Apr 30, 2026 |
| Reynolds Shelley | — | $2.36M | Aug 21, 2026 |
| Olsavsky Brian T | — | $1.61M | Aug 21, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 1,000 | $251.5K |
| Sep 1, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 1,000 | $254.8K |
| Aug 26, 2026 | BEZOS JEFFREY P Executive Chair | Gift | 230,637 | $0 |
| Aug 25, 2026 | BEZOS JEFFREY P Executive Chair | Gift | 184,943 | $0 |
| Aug 24, 2026 | Zapolsky David Senior Vice President | Sale 10b5-1 plan | 9,258 | $2.40M |
| Aug 21, 2026 | Reynolds Shelley Vice President | Option exercise 10b5-1 plan | 543 | $0 |
| Aug 21, 2026 | Reynolds Shelley Vice President | Option exercise 10b5-1 plan | 1,800 | $0 |
| Aug 21, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 2,125 | $549.5K |
| Aug 21, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Option exercise 10b5-1 plan | 2,840 | $0 |
| Aug 21, 2026 | Olsavsky Brian T Senior Vice President and CFO | Sale 10b5-1 plan | 6,172 | $1.61M |
| Aug 21, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 1,825 | $470.4K |
| Aug 21, 2026 | Zapolsky David Senior Vice President | Sale 10b5-1 plan | 1,138 | $293.3K |
| Aug 21, 2026 | Zapolsky David Senior Vice President | Sale 10b5-1 plan | 1,782 | $460.9K |
| Aug 21, 2026 | Zapolsky David Senior Vice President | Sale 10b5-1 plan | 2,133 | $553.8K |
| Aug 21, 2026 | Jassy Andrew R President and CEO | Sale 10b5-1 plan | 1,811 | $471.6K |
| Aug 21, 2026 | Olsavsky Brian T Senior Vice President and CFO | Option exercise 10b5-1 plan | 5,530 | $0 |
| Aug 21, 2026 | Olsavsky Brian T Senior Vice President and CFO | Option exercise 10b5-1 plan | 9,900 | $0 |
| Aug 21, 2026 | Jassy Andrew R President and CEO | Sale 10b5-1 plan | 3,197 | $823.7K |
| Aug 21, 2026 | Reynolds Shelley Vice President | Sale 10b5-1 plan | 888 | $231.2K |
| Aug 21, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Option exercise 10b5-1 plan | 7,500 | $0 |
| Aug 21, 2026 | Zapolsky David Senior Vice President | Option exercise 10b5-1 plan | 9,900 | $0 |
| Aug 21, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Option exercise 10b5-1 plan | 5,565 | $0 |
| Aug 21, 2026 | Zapolsky David Senior Vice President | Option exercise 10b5-1 plan | 5,530 | $0 |
| Aug 21, 2026 | Jassy Andrew R President and CEO | Sale 10b5-1 plan | 7,478 | $1.93M |
| Aug 21, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 2,412 | $627.9K |
| Aug 21, 2026 | Garman Matthew S CEO Amazon Web Services | Option exercise 10b5-1 plan | 4,860 | $0 |
| Aug 21, 2026 | Garman Matthew S CEO Amazon Web Services | Option exercise 10b5-1 plan | 1,480 | $0 |
| Aug 21, 2026 | Garman Matthew S CEO Amazon Web Services | Option exercise 10b5-1 plan | 4,000 | $0 |
| Aug 21, 2026 | Garman Matthew S CEO Amazon Web Services | Option exercise 10b5-1 plan | 7,836 | $0 |
| Aug 21, 2026 | Garman Matthew S CEO Amazon Web Services | Sale 10b5-1 plan | 2,159 | $556.1K |
| Aug 21, 2026 | Garman Matthew S CEO Amazon Web Services | Sale 10b5-1 plan | 1,951 | $507.9K |
| Aug 21, 2026 | Reynolds Shelley Vice President | Sale 10b5-1 plan | 675 | $174.0K |
| Aug 21, 2026 | Garman Matthew S CEO Amazon Web Services | Sale 10b5-1 plan | 5,240 | $1.36M |
| Aug 21, 2026 | Garman Matthew S CEO Amazon Web Services | Sale 10b5-1 plan | 5,191 | $1.34M |
| Aug 21, 2026 | Zapolsky David Senior Vice President | Sale 10b5-1 plan | 1,119 | $291.4K |
| Aug 21, 2026 | Reynolds Shelley Vice President | Sale 10b5-1 plan | 780 | $201.7K |
| Aug 21, 2026 | Jassy Andrew R President and CEO | Sale 10b5-1 plan | 7,514 | $1.95M |
| Aug 21, 2026 | Jassy Andrew R President and CEO | Option exercise 10b5-1 plan | 50,000 | $0 |
| Aug 17, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 400 | $106.0K |
| Aug 17, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 1,900 | $499.3K |
| Aug 17, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 1,441 | $377.6K |
| Aug 15, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Option exercise 10b5-1 plan | 9,352 | $0 |
| Aug 6, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Gift | 22,000 | $0 |
| Aug 3, 2026 | BEZOS JEFFREY P Executive Chair | Sale 10b5-1 plan | 1,209,649 | $346.45M |
| Aug 3, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 1,000 | $278.4K |
| Jul 1, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 1,000 | $239.8K |
| Jun 1, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Sale 10b5-1 plan | 1,000 | $266.2K |
| May 22, 2026 | Zapolsky David Senior Vice President | Sale 10b5-1 plan | 9,270 | $2.49M |
| May 21, 2026 | Herrington Douglas J CEO Worldwide Amazon Stores | Option exercise 10b5-1 plan | 7,500 | $0 |
| May 21, 2026 | Reynolds Shelley Vice President | Sale 10b5-1 plan | 300 | $79.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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