This is the standing evidence sheet for Amazon (AMZN): the yardsticks BullScope computes from official SEC filings and market prices. It refreshes whenever a new edition of our research is published, and it is impersonal by design, every reader sees the same page. Nothing here is investment advice; it is the evidence, organized.
The price tag: what buyers pay per dollar of profit
Today the market pays about $32.7 for each $1 of Amazon’s annual profit (a price-to-earnings ratio of 32.7). Across its own past decade the typical price tag was 41.5, which puts today at roughly the 12th percentile of the company’s own history.
The tape: what the stock itself has done
- Last price: $284.02 · 0% below its 52-week high
- Past 6 months: +18.7% · past 12 months: +21.3%
- Day-to-day temperament: jumpy (annualized volatility 35%)
The filed record: straight from the annual reports
| Fiscal year | Revenue | Growth | Operating margin | EPS |
|---|---|---|---|---|
| FY2021 | $469.8B | , | 5.3% | $64.81 |
| FY2022 | $514.0B | +9.4% | 2.4% | $-0.27 |
| FY2023 | $574.8B | +11.8% | 6.4% | $2.9 |
| FY2024 | $638.0B | +11.0% | 10.8% | $5.53 |
| FY2025 | $716.9B | +12.4% | 11.2% | $7.17 |
The road ahead: filed results vs published expectations
| FY2023A | FY2024A | FY2025A | FY2026E | FY2027E | |
|---|---|---|---|---|---|
| Net sales ($B) | 574.8 | 638.0 | 716.9 | 775 to 810 | 845 to 920 |
| Net sales growth (%) | +11.9 | +11.0 | +12.4 | 8 to 13 | 9 to 14 |
| Operating margin (%) | 6.4 | 10.8 | 11.2 | 11.0 to 12.5 | 11.5 to 13.5 |
| GAAP Diluted EPS ($) | 2.90 | 5.53 | 7.17 | 7.30-10.30 | 7.39-11.39 |
| Adjusted EPS (non-GAAP, excl. Anthropic MTM) | , | , | , | 7.50 to 9.50 | 8.50 to 11.00 |
Columns marked A are actual filed results; E columns are the published consensus ranges the current price is being weighed against.
The four gauges: from the latest edition
BullScope coverage of Amazon
- Amazon’s Cloud Is Printing Money. The Question Is What It Costs to Keep Going.
- Amazon at $231: What the Filed Numbers and the Capex Commitment Imply
Read the full report on Amazon in the BullScope Terminal → It opens with this company loaded.
Edition date: 2026-08-03. This page updates when a new edition is published. Sources: SEC EDGAR filings, Nasdaq prices; computed by BullScope’s published methodology.
