Why did Amazon (AMZN) stock move recently?

On 7/23/2026, Amazon moved -4.6% — Amazon shares fell after the company cut some jobs in its artificial general intelligence (AGI) unit on July 22 as part of ongoing smaller-scale reductions and resource focus. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Amazon (AMZN) overvalued or fairly valued?

MarketChacha shows Amazon's valuation in context — a trailing P/E of about 20.8, a forward P/E of about 24.1, a price-to-book of about 4.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Amazon's reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.64×) from reported figures — education, not a rating.

What is the share price of Amazon (AMZN)?

Amazon last traded at $253.10 (+1.6% on the day), as of 10/27/2026 — a delayed quote shown for education, not investment advice.

Amazon

AMZN · NASDAQ · Consumer/Tech · United States

Snapshot

TickerAMZN

ExchangeNASDAQ

SectorConsumer/Tech

IndustryInternet Retail

CountryUnited States

CEOMr. Douglas J. Herrington

Employees1,595,000

HeadquartersSeattle, United States

Websitewww.amazon.com

Filings tracked21

About Amazon

Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, fire tablets, fire TVs, echo, ring, blink, and eero; and develops and produces media content. In addition, the company offers programs that enable sellers to sell their products in its stores; and programs that allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, it provides compute, storage, Artificial intelligence, database, analytics, machine learning, and other services, as well as advertising services through programs, such as sponsored ads, display, and video advertising. Additionally, the company offers Amazon Prime, a membership program. The company's products offered through its stores include merchandise and content purchased for resale and products offered by third-party sellers. It serves consumers, sellers, developers, enterprises, content creators, advertisers, and employees. The company was incorporated in 1994 and is headquartered in Seattle, Washington.

Who owns it

Insiders8.9%
Institutions68.8%
Public & other22.3%

7,903 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.6.94%
Vanguard Capital Management LLC5.89%
State Street Corporation3.68%
FMR, LLC3.39%
Geode Capital Management, LLC2.16%
Morgan Stanley1.66%
JPMORGAN CHASE & CO1.56%
Invesco Ltd.1.33%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.64×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend5.3% → 9.9%

Margin has expanded by about 4.6 points — the business is getting more profitable.

Return on equity17.2%

Latest ROE of 17.2% — capital is generating a healthy return.

Growth qualityrev 12% · PAT 64%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $244.3B · EPS 2.45

Est. earnings growth +23.1%

Next fiscal year

Rev $949.9B · EPS 10.55

Est. earnings growth +31.8%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue CAGR (2y)

+11.7%

Profit CAGR (3y)

+64.4%

Net profit (FY2026)

$135.3B

Ask MarketChacha about AMZN

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 23, 2026
Amazon shares fell after the company cut some jobs in its artificial general intelligence (AGI) unit on July 22 as part of ongoing smaller-scale reductions and resource focus.
source 1 ↗source 2 ↗· confidence: high
Jul 15, 2026
Amazon shares rose on positive analyst commentary highlighting its relative valuation and growth prospects in AWS and other areas, with no single major corporate catalyst identified in filings or news.
source 1 ↗source 2 ↗· confidence: medium
Jun 29, 2026
Amazon shares rose with other Magnificent Seven and big tech stocks in a broad market rally as the Nasdaq gained.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium
Jun 25, 2026
Amazon shares fell after reporting earnings with a cautious profit outlook and guiding for up to $200 billion in 2026 capex, largely for AI and data center investments, well above prior expectations.
source 1 ↗source 2 ↗· confidence: high
Jun 22, 2026
Amazon shares fell with the broader tech sector amid a sell-off in high-growth names, including a sharp drop in recently public SpaceX shares, plus ongoing investor concerns over heavy AI-related capital spending.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about AMZN

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	—	$135.3B	—	—	—
FY2025	$716.9B	$70.6B	7.17	9.9%	17.2%
FY2024	$638.0B	$59.2B	5.53	9.3%	20.7%
FY2023	$574.8B	$30.4B	2.90	5.3%	15.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$200.6B	$62.6B	5.75	31.2%
2026Q1	$181.5B	$30.3B	2.78	16.7%
2025Q3	$180.2B	$21.2B	1.95	11.8%
2025Q2	$167.7B	$18.2B	1.68	10.8%
2025Q1	$155.7B	$17.1B	1.59	11.0%
2024Q3	$158.9B	$15.3B	1.43	9.6%
2024Q2	$148.0B	$13.5B	1.26	9.1%
2024Q1	$143.3B	$10.4B	0.98	7.3%
2023Q3	$143.1B	$9.9B	0.94	6.9%
2023Q2	$134.4B	$6.8B	0.65	5.0%
2023Q1	$127.4B	$3.2B	0.31	2.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change
SEC9/9/2026material
10-Q filing
SEC7/31/2026
8-K — Results of operations, Exhibits
SEC7/30/2026material
8-K — Other events, Exhibits
SEC7/9/2026material
8-K — Other events, Exhibits
SEC6/12/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC6/10/2026material
8-K — Shareholder vote results
SEC5/22/2026material
10-Q filing
SEC4/30/2026
8-K — Results of operations, Exhibits
SEC4/29/2026material
8-K — Reg FD disclosure, Exhibits
SEC4/14/2026material
8-K — Reg FD disclosure, Exhibits
SEC4/9/2026material
8-K — Other events, Exhibits
SEC3/16/2026material
8-K — Other events, Exhibits
SEC3/13/2026material
8-K — Material agreement, Reg FD disclosure, Other events, Exhibits
SEC2/27/2026material
10-K filing
SEC2/6/2026
8-K — Results of operations, Exhibits
SEC2/5/2026material

2025

8-K — Other events, Exhibits
SEC11/20/2025material
10-Q filing
SEC10/31/2025
8-K — Results of operations, Exhibits
SEC10/30/2025material
10-Q filing
SEC8/1/2025
8-K — Results of operations, Exhibits
SEC7/31/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.