| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 32 | 20.0x | 17.3x | Bottom tier | |
Growth | 84 | 15.8% | 7.1% | Top tier | |
Quality | 65 | 8.6% | 4.5% | Around median | |
Safety | 74 | 0.6x | 2.6x | Top tier | |
Capital Return | 10 | 0.00% | 0.06% | Bottom tier | |
Momentum | 65 | 14.4% | -1.5% | Around median | |
Sentiment | 63 | 44 | 3 | Around median |
The floor: what the company is worth if growth stopped today
77% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 5.13% as of 2026-10-21. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Amazon.com, Inc. operates through an ecosystem that combines e-commerce, seller services, subscriptions, logistics, cloud computing, advertising, and entertainment. The stores generate revenue from the sale of goods and services related to fulfillment and delivery, while AWS sells computing, storage, database, and artificial intelligence capabilities, and advertising benefits from shopper activity through Sponsored Products, Prime Video, and live sports. The company is also expanding its income sources through Amazon Pharmacy, grocery, Amazon Supply Chain Services, Alexa+, and Amazon Leo, but AWS and advertising provide a different mix from retail in terms of growth and profitability.
In Q2 of fiscal year 2026, whose results were filed on 2026-07-31, revenue reached $200.6 billion, up 19.6% year over year from $167.7 billion in Q2 of fiscal year 2025. Net income was $62.6 billion and diluted earnings per share were 5.75, while gross margin reached 52.3% versus 51.8% a year earlier, and operating margin rose to 13.7% from 11.4%. Revenue disclosed on the call was distributed among $116.2 billion for North America, $42.2 billion for the International segment, and $42.2 billion for AWS, while advertising generated $19.8 billion within the company’s business.
The figures show broad improvement, with AWS growing 36.7% year over year and its operating income reaching $16.6 billion, alongside operating income of $9.1 billion for North America and $1.7 billion for the International segment. Operating cash flow reached $45.4 billion in the quarter, but free cash flow for the last 12 months through 2026-06-30 remained negative at $11.6 billion despite operating cash flow of $161.4 billion. The balance sheet includes cash and investments of $123.0 billion against total debt of $136.3 billion in Q2 of fiscal year 2026.
Q2 FY2026
Last 12 months to 2026-06-30
When: 2026-10-29
Q3 fiscal year 2026 revenue at $197 billion
Year-over-year revenue growth at 19.6%
Operating margin at 13.7%
The analyst-target method places the median at $325 within a range of $200 to $390 among 16 analysts; it prices in expected growth and is inherently inclined toward optimism. The consensus average is $326.33, with a consensus Buy recommendation. The industry-multiple method places the value at $163 within a range of $121 to $213, based on next year’s earnings and a median multiple of 18.1 among 45 companies, meaning it values Amazon as its peers are valued. The no-growth value method, meanwhile, produces $57 at a discount rate of 11.7% and measures what remains if current after-tax operating profit stays constant forever and growth stops. The methods agree on a clear order from analyst targets to the industry multiple and then the no-growth value, and the wide differences reflect what each method measures; the valuation factor in the EL7 score also stands at 19 out of 100 within the industry and ranks 115 out of 140, with 18 target increases versus 3 reductions during the 90 days through 2026-09-27.
Figures in the text are as of 2026-09-27; the live price is shown at the top of the page.
AWS was the fastest driver in Q2 of fiscal year 2026, whose results were filed on 2026-07-31, with revenue growing 36.7% year over year and the annualized run rate reaching $169 billion. Backlog reached $496 billion and grew by more than 100% year over year, while AWS added more than $4.6 billion in revenue quarter over quarter. This demand is supported by Bedrock, SageMaker AI, Kiro, and Amazon Q services, alongside Trainium and Graviton.
Amazon expects cash capital expenditures of approximately $220 billion in fiscal year 2026 after raising the estimate from approximately $200 billion because of higher memory costs. Free cash flow was negative $11.6 billion during the last 12 months through 2026-06-30, despite operating cash flow of $161.4 billion. Management says servers and networking equipment take less than three years on average to reach breakeven, while contracts for most artificial intelligence capacity extend for at least five years.
Automated analysis for informational purposes only — not investment advice.
The company’s revenue reached $200.6 billion in Q2 of fiscal year 2026, whose results were filed on 2026-07-31, with $116.2 billion for North America and $42.2 billion for the International segment. Advertising generated $19.8 billion and grew 26% year over year, while Sponsored Products remained its largest offering. In commerce, the number of monthly active fresh-grocery customers increased by more than 50% since the beginning of fiscal year 2026, while orders combining same-day delivery and fresh groceries contained more than three times as many units per order.
Total debt reached $136.3 billion in Q2 of fiscal year 2026, whose results were filed on 2026-07-31, against cash and investments of $123.0 billion. Debt had been $61.1 billion in Q2 of fiscal year 2025, representing a year-over-year increase of 123.2%. This increase coincides with a cash capital expenditure plan of approximately $220 billion in fiscal year 2026 and the financing of substantial expansion in AWS and artificial intelligence.
During the 90 days through 2026-09-27, 27 sales were executed by seven insiders for a total value of $365.0 million. The $365.0 million in sales occurred entirely under predetermined 10b5-1 trading plans, and no sales outside these plans were recorded. No open-market purchases were recorded, and the largest seller was an executive officer, with sales valued at $346.5 million.
AWS operating income reached $16.6 billion in Q2 of fiscal year 2026, whose results were filed on 2026-07-31, with an operating margin cited in the discussion at 39%. The margin rose by approximately 650 basis points year over year, or 520 basis points after excluding a gain from energy derivatives accounting. The key points to monitor are the conversion of the $496 billion backlog into revenue, bringing online the capacity mostly booked in 2027 and a significant portion of that booked in 2028, and maintaining the efficiency of Trainium and Graviton.