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Earnings transcript
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AMZN
Amazon.com, Inc.
$250.69
5.06
(2.06%)
| Exchange: | NASDAQ |
| Market Cap: | 2.704T |
| Shares Outstanding: | 3.5B |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Specialty RetailView industry performance | |||||
| CEO: | Andrew R. Jassy | |||||
| Full Time Employees: | 1.576M | |||||
| Address: |
| |||||
| Website: | https://www.amazon.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
Revenue by type
Revenue by region
AMZN full analysis
Hey everyone, welcome back to MarketSnap. Amazon just posted its best operating margin in company history and the stock still sold off — so before you pull the trigger, we're plugging AMZN into MarketSnap's fair value model to see whether the growth is already priced in, whether there's any margin of safety, and what the AI capex bill really means for your money. Let's get into it. Quick lay of the land. Amazon is trading around 250 bucks with a…
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Earnings Call
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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 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,400,378,927.696 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 1,493,835,450.278 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,454,478,143.664 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 435,184,771.328 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 461,923,939.722 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 450,663,286.323 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 232,168,449.711 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 252,547,029.113 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 243,965,007.562 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 128,576,552.414 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 137,157,313.832 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 133,543,701.333 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 22.530 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 23.330 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 21.440 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 26 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 17 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- AWS is the primary earnings engine: Q3 2026 revenue grew 39.3% YoY to $46B with a 38.7% operating margin, marking the sixth consecutive quarter of accelerating growth and driving consolidated operating income up 61% YoY to $28.1B on a record 13.9% operating margin.
- Profitability trajectory is structurally improving: FY2025 revenue reached $716.9B with net income of $77.7B and diluted EPS of $7.17, versus $30.4B net income in FY2023, while TTM ROE stands at 30.5% and gross margin at 50.8%.
- Diversified revenue base reduces single-segment dependence: FY2025 online stores ($269.3B), third-party seller services ($172.2B), AWS ($128.7B), advertising ($68.6B), and subscriptions ($49.6B) provide multiple cash-generating engines.
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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 $219.98 – $312.48 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.
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
2.06
Trading Metrics:
| Open: | 248.62 | Previous Close: | 245.63 | |
| Day Low: | 245.89 | Day High: | 252.44 | |
| Year Low: | 196 | Year High: | 287.2 | |
| Price Avg 50: | 254.02 | Price Avg 200: | 243.44 | |
| Volume: | 37.574M | Average Volume: | 43.272M |
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