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Earnings transcript
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AMZN
Amazon.com, Inc.
$238.55
-2.96
(-1.23%)
| Exchange: | NASDAQ |
| Market Cap: | 2.566T |
| Shares Outstanding: | 3.5B |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Specialty Retail | |||||
| CEO: | Andrew R. Jassy | |||||
| Full Time Employees: | 1.56M | |||||
| Address: |
| |||||
| Website: | http://www.aboutamazon.com |
Amazon.com, Inc. operates a vast global retail enterprise, distributing consumer goods and subscription services through both its extensive online platforms and a network of physical stores across North America and internationally. Its operations are structured into three primary segments: North America, International, and Amazon Web Services (AWS). The company’s product offerings encompass both merchandise and content procured for direct resale, alongside items sold by third-party merchants on its platform. Furthermore, the company develops and markets its own range of electronic devices, such as Kindle e-readers, Fire tablets and TVs, Ring, Blink, eero, and Echo products. It also invests in the development and production of original media content. Amazon provides various programs designed to enable independent sellers to offer their products, and empowers authors, musicians, filmmakers, Twitch streamers, and app developers to publish and commercialize their content. Beyond this, it delivers a comprehensive suite of cloud computing solutions, including compute, storage, database, analytics, and machine learning services through AWS. The company also offers fulfillment services, advertising solutions, and digital content subscriptions. A key offering is Amazon Prime, its exclusive membership program. Amazon caters to a wide array of clientele, including individual consumers, third-party sellers, software developers, enterprise clients, content creators, and advertisers. Incorporated in 1994, Amazon.com, Inc. maintains its headquarters in Seattle, Washington.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 574,785,000 | 637,959,000 | 716,924,000 |
| Gross Profit | 270,046,000 | 311,671,000 | 360,510,000 |
| EBITDA | 89,402,000 | 123,815,000 | 165,341,000 |
| Operating Income | 36,852,000 | 68,593,000 | 79,975,000 |
| Net Income | 30,425,000 | 59,248,000 | 77,670,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 527,854,000 | 624,894,000 | 818,042,000 |
| Total Liabilities | 325,979,000 | 338,924,000 | 406,977,000 |
| Total Stockholders Equity | 201,875,000 | 285,970,000 | 411,065,000 |
| Total Debt | 135,611,000 | 130,900,000 | 152,987,000 |
| Cash and Cash Equivalents | 73,387,000 | 78,779,000 | 86,810,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 84,946,000 | 115,877,000 | 139,514,000 |
| Capital Expenditure | -52,729,000 | -82,999,000 | -131,819,000 |
| Free Cash Flow | 32,217,000 | 32,878,000 | 7,695,000 |
| Net Income | 30,425,000 | 59,248,000 | 77,670,000 |
| Net Change in Cash | 19,637,000 | 8,422,000 | 7,794,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,287,751,798.837 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,394,280,926.855 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,342,839,300 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 209,441,376.834 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 226,767,392.038 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 218,400,868.951 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 197,597,513.898 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 219,123,863.570 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 208,729,077.409 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 118,235,631.360 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 128,016,661.152 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 123,293,520.222 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 19.280 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 20.240 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 18.250 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 16 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 14 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Amazon reported $213.4 billion in revenue for Q4 2025, reflecting a 12% year-over-year increase as per the earnings call transcript. This growth outpaces many peers in the e-commerce and technology sectors, driven by strong performance in core retail and cloud computing segments.
- Strong Operating Cash Flow and Free Cash Flow: Historical cash flow statements indicate consistent net cash provided by operating activities and positive free cash flow, supporting Amazon’s ability to fund innovation and capital expenditures without excessive reliance on external financing.
- Market Leadership and Diversification: As highlighted in the company profile and revenue product segments, Amazon maintains a dominant position in e-commerce while diversifying revenue streams through AWS (cloud services), advertising, and subscription services, reducing dependency on any single segment.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates AMZN intrinsic value between $283.79 – $345.41 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about AMZN valuation
Is Amazon.com, Inc. (AMZN) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Amazon.com, Inc. (AMZN) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is AMZN a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether AMZN trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is AMZN’s P/E ratio?
You can see AMZN’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for AMZN?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is AMZN a good long-term investment?
Whether AMZN fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
AMZN
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Daily snapshot
-1.23
Trading Metrics:
| Open: | 243.21 | Previous Close: | 241.51 | |
| Day Low: | 233.59 | Day High: | 243.36 | |
| Year Low: | 196 | Year High: | 278.56 | |
| Price Avg 50: | 254.21 | Price Avg 200: | 232.46 | |
| Volume: | 48.479M | Average Volume: | 44.481M |
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Login — it's freeAMZN full analysis
Hey everyone, welcome back to the channel. Today we’re doing a deep dive into one of the most talked-about names in the market—Amazon. With nearly three trillion dollars in market cap, it’s a company that touches almost every part of our lives, from shopping to cloud computing to AI. But what does the stock look like right now? Is it a buy, a hold, or a sell? Let’s break it all down. Before we get into the numbers, let’s set…
