A retailer that earns most of its operating profit renting computing to other businesses spent more on land, buildings and machines in the three months to June than it earned in operating income. It has spent at that pace for long enough that its free cash flow for the year has turned negative, and in all the years it has been listed it has never paid a shareholder a dividend. Whatever return the share has paid has come from the price alone. That makes the spending the whole question: either the buildings earn their money back and the price follows, or they do not.
The first number you meet when you look is the wrong one. The profit the company reported for its latest quarter more than tripled from a year earlier. Most of that jump is a valuation mark-up on a private company it has invested in, and that part is not money the business earned. The second trap is the word growth. For this company it means three businesses growing at three different rates under one share, so a claim about Amazon growing has to say which Amazon it means before it can be checked.
The question that can be answered from the company's own documents is narrower. What has to stay true for the share to pay, what would break it, and where each of those things shows up in the filings the company signs. Answered that way, the question stops being a verdict and becomes a short list of facts to check four times a year.
For a holder whose money is in USDT, the company is reachable on BloFin as the AMZNX/USDT Spot token and as the AMZNUSDT Perpetual, and both pay for the same thing, the price of one Amazon share.
Is Amazon stock a good investment?
Whether Amazon stock is a good investment turns on one bet: that capital spending above fifty billion dollars a quarter earns a return the share price does not assume. In the second quarter of 2026 Amazon earned $27.5 billion in operating income on $200.6 billion of sales and spent $54.2 billion on property and equipment (source: Amazon Q2 2026 results).
The case for the share rests on three facts from the same release. Sales grew 20% from a year earlier, and Amazon Web Services (AWS) grew 37%, its fastest rate in eighteen quarters (source: Amazon Q2 2026 results). AWS also produced $16.6 billion of the quarter's $27.5 billion in operating income, so three fifths of the profit came from the business the spending is meant to expand (source: Amazon Q2 2026 results). The case against rests on what the spending has done to cash. Purchases of property and equipment for the twelve months to June reached $173.0 billion and operating cash flow was $161.4 billion. Free cash flow was therefore an outflow of $7.6 billion, which the company attributes primarily to investments in artificial intelligence (source: Amazon Q2 2026 results). A share bought today is a claim on whichever of those two facts wins.
The reported profit figure belongs in neither case. Net income for the quarter was $62.6 billion, but $53.4 billion of it was non-operating other income, primarily from Amazon's investments in Anthropic (source: Amazon Q2 2026 results). A valuation gain on a private company is not cash the business earned. Anyone quoting Amazon's earnings from that quarter is quoting the gain, which is why the operating line, not net income, carries the case.
What "now" changes is dated. The share closed at $253.71 on September 18, 2026 (source: Nasdaq), inside a 52-week range of $196.00 to $287.20, and the next results date listed is October 29 (source: Stock Analysis). Amazon's own guidance for the third quarter is net sales of $197.0 billion to $202.0 billion, growth of 9% to 12%, and operating income of $22.5 billion to $26.5 billion (source: Amazon Q2 2026 results). Between releases the price moves on drivers the filings do not list, from an AWS growth figure to a founder's sale, a checklist that starts at what moves the Amazon stock price. The case itself changes four times a year, when the filings do, and the token's price against that close is live on the AMZNX/USDT Spot page.
The bet the share price rests on: Capital spending and what it has to earn back
Amazon spent $54.2 billion on property and equipment in the second quarter of 2026, against $32.2 billion a year earlier and $173.0 billion for the trailing twelve months. Operating income for the quarter was $27.5 billion, so the company put out about two dollars on buildings and machines for every dollar of operating profit (source: Amazon Q2 2026 results).
It funded the gap by borrowing. Long-term debt on the balance sheet rose from $65.6 billion at December 31, 2025 to $128.9 billion at June 30, 2026, against $123.0 billion of cash, cash equivalents and marketable securities on the same date (source: Amazon Q2 2026 Form 10-Q). The money buys data centers, custom chips and power, and it reaches the income statement only as depreciation spread over years, a lag measured dollar by dollar in Amazon's AI capex and cash flow. The doubling of the debt line is the bond and lease side of the same bet, financed in the mix of bonds, leases and operating cash described in how Amazon is financing the AI build.
What the spending is sold against is contracted demand. Customer commitments for future services, primarily AWS, that the company has not yet recognized as revenue stood at approximately $496 billion at June 30, 2026, with a weighted-average remaining life of 6.4 years (source: Amazon Q2 2026 Form 10-Q). In the same quarter AWS and Anthropic expanded an existing multi-year commitment by more than $100.0 billion over ten years. In the first quarter Amazon had signed a commercial arrangement to supply AWS cloud services to OpenAI, alongside a $15.0 billion investment in OpenAI preferred stock with a further $35.0 billion committed (source: Amazon Q2 2026 Form 10-Q). The bull reading is that customers have already signed for more computing than the buildings can yet deliver. The bear reading is that a customer commitment is revenue spread over years, while the capital goes out now and the depreciation follows whatever the computing is later sold for.
The line the spending has to lift is AWS operating income, which was $16.6 billion in the quarter against $10.2 billion a year earlier, on sales of $42.2 billion (source: Amazon Q2 2026 results). Say you hold the share for the length of the average contract, a little over six years. You are betting that the $6.5 billion year-on-year increase in quarterly AWS operating income keeps compounding faster than the depreciation on $173 billion of new equipment arrives. The day it does not, the capex line that reads as growth today reads as a cost with no revenue behind it. The cloud business cannot be bought on its own, so the bet has to be taken through the whole company (can you buy AWS stock explains what a separate AWS listing would take).
Where Amazon ranks among the Magnificent Seven on growth, margin and capex
The seven companies grouped as the Magnificent Seven each reported their latest quarter between July 22 and August 26, 2026. On those releases Amazon ranks fifth of seven on revenue growth, sixth on operating margin and first on capital spending in dollars, and its $54.2 billion of capex was about twice its operating income (source: Amazon Q2 2026 results).
Each figure comes from that company's own results release filed with the SEC. The margin is operating income divided by revenue where the company did not state it, and Apple's quarterly capex is the nine-month figure less the six-month figure from its earlier filing.
Company (quarter end) | Revenue | Growth, year on year | Operating margin | Capex in the quarter | Capex as a share of revenue | Source |
|---|---|---|---|---|---|---|
Nvidia (July 26) | $96.2 billion | 106% | 66.2% | $2.7 billion | 2.8% | (source: Nvidia Q2 FY2027 results) |
Meta (June 30) | $60.8 billion | 28% | 31% | $30.1 billion | 49.5% | (source: Meta Q2 2026 results) |
Tesla (June 30) | $28.2 billion | 26% | 1.4% | $5.8 billion | 20.5% | (source: Tesla Q2 2026 update) |
Alphabet (June 30) | $119.8 billion | 24% | 34% | $44.9 billion | 37.5% | (source: Alphabet Q2 2026 results) |
Amazon (June 30) | $200.6 billion | 20% | 13.7% | $54.2 billion | 27.0% | (source: Amazon Q2 2026 results) |
Microsoft (June 30) | $90.0 billion | 18% | 45.1% | $35.8 billion | 39.8% | (source: Microsoft Q4 FY2026 results) |
Apple (June 27) | $109.4 billion | 16% | 32.6% | $2.5 billion | 2.2% | (source: Apple Q3 FY2026 results) |
Amazon's own figures give the case its shape. On growth Amazon sits ahead of Microsoft and Apple and behind Nvidia, Meta, Tesla and Alphabet. On operating margin it is above only Tesla, because more than three quarters of its sales come from the two retail segments, with fulfillment and shipping costs traced line by line in Amazon's profit margins. On capital spending it leads Alphabet by nine billion dollars, yet it is only fourth as a share of revenue, behind Meta, Microsoft and Alphabet, because the retail sales in the denominator are so large.
The line that separates Amazon from the other six is capex against operating income. Alphabet spent $44.9 billion to earn $40.8 billion, Microsoft $35.8 billion to earn $40.6 billion, and Meta $30.1 billion to earn $18.8 billion. Among the four big spenders only Microsoft earned more than it spent, and Amazon's ratio is the highest, at nearly two to one, against Meta's 1.6 and Alphabet's 1.1. Nvidia and Apple spend almost nothing relative to what they earn, which is the difference between selling the equipment and buying it. Amazon is the company in the group whose case depends most on the spending paying back, and of the four big spenders it has the thinnest margin to absorb it if the payback is late.
The risk register: Six things that could break the case
Six risks are specific enough to Amazon's case that each has a line in a filing where you can watch it and a consequence for the share you can name in advance. They are the return on the capital, the pace of AI demand, the FTC's monopolization case, tariffs, labor and AWS concentration (source: Amazon 2025 Form 10-K).
Risk | Where it shows in the filings | What it would do to the share |
|---|---|---|
The capital does not earn its return | Capex against AWS operating income each quarter; the 10-K lists "decisions to increase or decrease future spending or investment levels" among the things that move its stock price (source: Amazon 2025 Form 10-K) | Depreciation keeps rising while AWS growth slows, and the market re-prices a growth company as a capital-heavy one |
AI demand is smaller or slower than the contracts suggest | The commitments note, $496 billion with a 6.4-year life, and AWS growth against 37%; the 10-K calls the effects of AI adoption "difficult to predict, isolate, and quantify" (source: Amazon 2025 Form 10-K) | Contracted revenue arrives later than the capacity, priced against competitors who also overbuilt |
The FTC case | The 10-K's legal proceedings: "alleging price fixing, monopolization, and consumer protection claims, including those brought by state attorneys general and the Federal Trade Commission" (source: Amazon 2025 Form 10-K) | A remedy on marketplace fees, Prime bundling or the Buy Box touches retail revenue; a fine touches one quarter |
Tariffs | Cost of sales in North America; Q2 2026 included about $640 million of tariff refunds under IEEPA, "the significant majority of refunds we expect to receive" (source: Amazon Q2 2026 Form 10-Q) | A refund that flattered one quarter is absent from the next; a new tariff round lands in cost of sales before pricing catches up |
Labor | The 10-K: "We are also subject to labor union efforts to organize groups of our employees from time to time"; legal matters include "the characterization of delivery drivers"; 2025 operating income carried $2.7 billion of estimated severance for planned role eliminations (source: Amazon 2025 Form 10-K) | Fulfillment cost per unit rises faster than retail prices; a driver reclassification adds a liability the segment margin cannot carry |
AWS concentration | AWS earned $16.6 billion of $27.5 billion in operating income in Q2 2026 (source: Amazon Q2 2026 results) and $45.6 billion of $80.0 billion in 2025 (source: Amazon 2025 Form 10-K) | One segment's growth rate sets the valuation; a two-point miss on AWS growth moves the price more than a retail quarter |
A settlement and a monopolization case are different things. On September 26, 2023 the Federal Trade Commission and 17 state attorneys general sued Amazon, alleging that it is a monopolist using interlocking strategies to illegally maintain its monopoly power (source: FTC). The $2.5 billion charge Amazon recorded in the third quarter of 2025 settled a different FTC action, over Prime enrollment and cancellation, with a $1 billion civil penalty and $1.5 billion of refunds (source: FTC settlement release). The monopolization case is still open, and its remedies would reach marketplace fees, Prime bundling and the Buy Box, three levers weighed one by one in the FTC antitrust case and Amazon stock. A tariff arrives in cost of sales first and reaches the third-party seller second, a path followed through the segment table in how tariffs affect Amazon stock.
Bull case vs bear case, line by line
Each side is a set of claims, and each claim rests on a figure that a later filing can confirm or contradict. The bull side is five growth rates from the second quarter of 2026; the bear side is five balance-sheet and guidance facts, each with the reading that would falsify it (source: Amazon Q2 2026 results).
Side | Claim | The figure it rests on | What would falsify it |
|---|---|---|---|
Bull | AWS is accelerating at scale | Growth of 37% in Q2 2026, from 17% a year earlier, the fastest in eighteen quarters (source: Amazon Q2 2026 results) | Two consecutive quarters of slowing AWS growth while capex keeps rising |
Bull | The demand is already signed | $496 billion of unrecognized customer commitments, 6.4-year average life (source: Amazon Q2 2026 Form 10-Q) | The commitments figure falls, or its average life shortens, in a later 10-Q |
Bull | Retail is profitable at scale | Operating margin of 13.7% against 11.4% a year earlier; North America operating income $9.1 billion against $7.5 billion (source: Amazon Q2 2026 results) | North America margin falling back toward single digits |
Bull | The cash engine is growing | Operating cash flow of $161.4 billion for the twelve months to June, up 33% (source: Amazon Q2 2026 results) | Operating cash flow growth falling below capex growth for a year |
Bull | Advertising is a third profit pool | Advertising services revenue of $19.8 billion in Q2 2026, up 26% (source: Amazon Q2 2026 results) | Advertising growth converging with retail growth |
Bear | The spending exceeds the earnings | Capex of $54.2 billion against operating income of $27.5 billion; free cash flow of negative $7.6 billion for the year (source: Amazon Q2 2026 results) | Free cash flow turning positive while capex stays above $50 billion a quarter |
Bear | The balance sheet is carrying the bet | Long-term debt from $65.6 billion to $128.9 billion in six months (source: Amazon Q2 2026 Form 10-Q) | Debt flat for two quarters with capex unchanged |
Bear | The headline profit is a mark-up | $53.4 billion of the $62.6 billion net income is non-operating, primarily the Anthropic investments (source: Amazon Q2 2026 results) | Nothing falsifies it; the point is to read the operating line instead |
Bear | Growth is slowing into the second half | Third-quarter guidance of 9% to 12% sales growth against 20% in Q2, with Prime Day timing worth nearly 400 basis points (source: Amazon Q2 2026 results) | Reported Q3 growth above the top of the range |
Bear | One segment carries the price | AWS at 60% of operating income (source: Amazon Q2 2026 results) | North America and International operating income together exceeding AWS for a year |
The asymmetry between the two sides is the useful part. Every bull claim is a growth rate that a single quarter can break, while three of the bear claims are balance-sheet facts that only years can reverse. That is the ordinary shape of a company in the middle of a build: the upside is a rate and the downside is a stock. Scoring a release against both sides takes the segment table and the guidance paragraph, the two parts of a quarter that Amazon earnings reports explained reads first. The share has carried a spending cycle before, through a fulfillment build in the 2000s and a fall of about half in 2022, which Amazon's stock price history and cycles reads as one record (source: Stock Analysis history).
Who runs Amazon and who holds it: Leadership since 2021 and the disclosed positions
Andy Jassy has been President and Chief Executive Officer since July 5, 2021, after founding and running Amazon Web Services from 2006. Jeff Bezos became Executive Chair in July 2021 after serving as Chief Executive Officer from May 1996 (source: Amazon 2026 proxy statement). The spending cycle in the numbers is the AWS founder's.
His pay is structured so that the share price is most of it. The board has granted him no equity award since the restricted stock units that came with the promotion in 2021, his base salary is $365,000, and no named executive received a cash bonus for 2025. His 2025 total compensation as reported under Securities and Exchange Commission (SEC) rules was $2,069,861, a ratio of 51 to 1 against the median employee (source: Amazon 2026 proxy statement). The cost program that accompanied the build is visible in the same filings: 2025 operating income carried $2.7 billion of estimated severance costs for planned role eliminations, $1.8 billion of it in the third quarter (source: Amazon 2025 Form 10-K).
The largest holders are the founder and two index managers. As of February 24, 2026 Bezos beneficially owned 950,434,581 shares, 8.8% of the class. The proxy's table also lists The Vanguard Group at 771,052,550 shares, 7.2%, and BlackRock at 630,188,686, 5.9%, counts taken from Schedule 13G filings made in February 2024 as of December 31, 2023 (source: Amazon 2026 proxy statement). The founder sells on a disclosed schedule. On August 3, 2026 he sold 1,209,649 shares at a weighted average of $286.41, reported on a Form 4 filed two days later (source: Bezos Form 4). His next Form 4, filed on August 27, records two gifts of 184,943 and 230,637 shares on August 25 and 26 and 879,323,424 shares held directly afterwards, with no further sale under the plan by that date (source: Bezos Form 4, August 27, 2026). A founder sale on a schedule carries no view about the price, which is the reading who owns Amazon stock gives each Form 4 as it lands.
Berkshire Hathaway's filings answer the question by date. Berkshire's quarterly 13F tables listed 10,000,000 Amazon shares at September 30, 2025, in two lots of 7,724,000 and 2,276,000. The filing for December 31, 2025 listed 2,276,000 shares valued at $525,346,320, and the tables for March 31 and June 30, 2026 list no Amazon position at all (source: Berkshire Hathaway 13F-HR). A 13F is due within 45 days after the quarter ends, so the June table, filed on August 14, describes a position as it stood six weeks before anyone could read it. It says nothing about why a position changed (source: SEC Form 13F FAQ). What it does say is that Berkshire reported no Amazon position through the first half of 2026.
How to check an Amazon claim against the 10-Q: Five lines that settle most arguments
Every claim about Amazon worth acting on rests on a line in a filing, and the filings are free. Open the most recent Form 10-Q on the SEC's EDGAR system: the segment table, the other-income line, the capex caption, the commitments note and the Form 4 index settle most arguments (source: Amazon Q2 2026 Form 10-Q).
Open the segment table first. It gives net sales and operating income for North America, International and AWS for the same quarter a year earlier and now. That is where AWS's share of the profit comes from, and where any claim about "Amazon's growth" has to specify which Amazon (source: Amazon Q2 2026 Form 10-Q). Then find "Other income (expense), net" on the income statement. For the second quarter of 2026 that line was $53.4 billion against $1.1 billion a year earlier. The note behind it explains that Amazon recorded upward adjustments of approximately $50.5 billion to its Anthropic preferred stock, to reflect observable changes in price at Anthropic's fundings, a Level 3 fair-value measurement (source: Amazon Q2 2026 Form 10-Q). A claim that quarterly profit more than tripled is true of net income and false of operating income, which rose 43%. Any multiple built on the net income figure inherits the mark-up, which is the trap how Amazon stock is valued walks through.
The third place is the cash-flow statement, where the caption "Purchases of property and equipment" gives the capex figure for the quarter, the six months and the trailing twelve months on one line. The fourth is the commitments note, where the unrecognized customer commitments and their average remaining life appear once a quarter (source: Amazon Q2 2026 Form 10-Q). The fifth is outside the 10-Q. The Form 4 index on Amazon's EDGAR page lists every officer and director sale, and the SEC's rules require the form to be filed before the end of the second business day after the trade (source: SEC Rule 16a-3). A headline about a founder selling can therefore be checked against the number of shares and the price before the headline has finished loading.
Finally, put the next release date in a calendar. The next results date listed for Amazon is October 29, 2026 (source: Stock Analysis). That release will carry four things to check against the case: AWS growth against 37%, capex against $54.2 billion, operating income against the $22.5 billion to $26.5 billion guidance, and the other-income line against zero. Four numbers, once a quarter, are the whole discipline.
What the answer means for a USDT holder: AMZNX and the AMZN perpetual
On BloFin the Amazon share is reachable in two forms at one price. At 06:23 UTC on September 17, 2026 the AMZNX/USDT Spot pair traded at 248.32 USDT with a 24-hour range of 244.73 to 249.64, while the share itself had closed at $245.96 in New York the evening before.
A minute later the AMZNUSDT Perpetual traded at 248.33 with an index price of 248.12 and a funding rate of +0.0035%. The two venue prices sit within a cent of each other and about 1% above the $245.96 Nasdaq close, with the share's after-hours print at $247.81 (source: Stock Analysis). Tracking the share that closely is what a token backed by it and a contract indexed to it are built to do.
What the token changes is what you hold rather than what you are betting on. An AMZNX balance is a tracker certificate, a claim on the token's issuer backed one-for-one by a share held in custody, and it carries no vote at the annual meeting and no cash dividend (source: xStocks FAQ). In Amazon's case the missing dividend costs nothing, since the company has never declared or paid a cash dividend on its common stock (source: Amazon investor FAQ). The vote is the shareholder right a holder would notice losing; the FAQ says the token conveys no shareholder rights at all (source: xStocks FAQ). The counterparty the wrapper adds is the issuer, Backed Assets (JE) Limited, a Jersey company (source: xStocks legal overview). A default by that issuer is a risk a share held at a broker does not carry, and what a holder's claim would be worth in that case is worked through in tokenized Amazon's legal standing.
The purchase itself is an eligibility attestation, a USDT deposit and a spot order, the six steps how to buy tokenized Amazon on BloFin works with a 100 USDT example. If the company ever did declare a dividend, a token holder would receive it through the issuer's own mechanism rather than from Amazon, a route traced in does Amazon stock pay dividends before the question arises.
The perpetual changes the arithmetic of being right. A leveraged position pays or receives funding while it is open. Outside the primary market's regular hours the venue warns that the underlying may show limited price movement and reduced liquidity, and that order placement may be restricted to reduce-only orders for closing positions. A bull case that is correct over six years can still be liquidated on the evening of an AWS miss. The case and the instrument have to be matched: a view on the capital bet is a multi-year view, and how to trade Amazon with leverage is written for a position measured in days.
The share's 52-week range of $196.00 to $287.20 is a 46% span from low to high, which is the size of move a position has to survive to hold the view (source: Stock Analysis). A single share position beside a crypto portfolio is sized by the same allocation rules crypto diversification applies to one coin, and the share's 46% annual span is the input. The share's daily moves have a measured record that Amazon stock volatility explained turns into a position size.
Looking to gain exposure to Amazon? To get started, you'll need to first create a BloFin account, fund your account with cryptocurrency, and navigate to the AMZNX/USDT Spot trading page or AMZNUSDT Perpetual page.
Frequently asked questions
Should I buy Amazon stock now?
Amazon may suit a holder who wants exposure to the AWS build and can hold through a share that has spanned $196.00 to $287.20 in a year; it suits less well anyone who needs income or a balance sheet that is not carrying a bet, since the company pays no dividend and doubled its long-term debt in six months. BloFin publishes no recommendation and no price target, and what "now" contains is dated. The share closed at $253.71 on September 18, 2026 (source: Nasdaq), and the next results date listed is October 29. The company has guided to third-quarter sales growth of 9% to 12%, a range that already assumes a foreign-exchange drag of about 80 basis points, and operating income of $22.5 billion to $26.5 billion (source: Amazon Q2 2026 results). Whether those figures beat or miss is the first fact "now" will add.
Why did Amazon's profit jump to $62.6 billion in one quarter?
Because of a valuation gain on a private company. Amazon invested $8.0 billion in Anthropic convertible notes between the third quarter of 2023 and the fourth quarter of 2025, and a further $10.0 billion in Anthropic preferred stock in the second quarter of 2026, in two $5.0 billion tranches (source: Amazon Q2 2026 Form 10-Q). In that quarter it wrote the preferred stock up by approximately $50.5 billion to reflect prices observed at Anthropic's fundings (source: Amazon Q2 2026 Form 10-Q). The gain sits in other income, and operating income rose 43% to $27.5 billion without it.
Does Berkshire Hathaway still own Amazon stock?
Berkshire's most recent 13F tables list no Amazon position. A 13F is filed by managers running $100 million or more in US-listed securities and reports long positions only, at quarter-end. It cannot show a short position or a holding bought and sold inside the quarter (source: SEC Form 13F FAQ). Within that limit the record is clear: 10,000,000 shares at September 30, 2025, 2,276,000 at December 31, 2025, and none at March 31 or June 30, 2026 (source: Berkshire Hathaway 13F-HR).
Does Amazon pay a dividend?
Amazon has never declared or paid a cash dividend on its common stock (source: Amazon investor FAQ). The one authorized route for returning capital has sat unused. The company had $6.1 billion remaining under a $10.0 billion repurchase program authorized in March 2022, and made no repurchases in 2023, 2024 or 2025 (source: Amazon 2025 Form 10-K), nor in the first half of 2026 (source: Amazon Q2 2026 Form 10-Q). For a holder of AMZNX the absence of a dividend removes the one payment a tokenized share would otherwise have to route through its issuer.
Is AMZNX a good way to hold Amazon?
AMZNX gives you the Amazon share price in a USDT account, at any hour the venue lists it, without a brokerage in your own country. In exchange you hold a claim on the token's issuer instead of a share, with no vote (source: xStocks FAQ). Whether that trade is worth making depends on what you already hold and where. A holder with a broker and dollars gives up the vote for nothing, while a holder whose money is in USDT gains a route to the share that did not exist before. The case for the company is the same either way.
Researched and written by the BloFin Academy editorial team with AI-assisted drafting. All facts independently verified. Primary sources include Amazon's second-quarter 2026 results release and Form 10-Q, its 2025 Form 10-K and 2026 proxy statement, the results releases of Alphabet, Microsoft, Meta, Apple, Nvidia and Tesla filed with the SEC, Jeff Bezos's Form 4 filings of August 2026, Berkshire Hathaway's Form 13F-HR filings, the SEC's Form 13F FAQ and Rule 16a-3, the Federal Trade Commission's announcements of September 26, 2023 and September 25, 2025, Amazon's investor FAQ, Nasdaq for the September 18, 2026 close, Stock Analysis for the 52-week range and results date, and BloFin's AMZNX/USDT and AMZNUSDT pages, current as of September 2026.
Nothing in this article constitutes financial advice, and nothing in it is a recommendation to buy, sell or hold Amazon in any form, and BloFin publishes no price target or forecast. The bull and bear claims are readings of past filings; a single quarter can break a growth rate, and the balance-sheet facts can take years to reverse. Trailing earnings include a valuation gain on a private company that operating income does not. AMZNX is a tracker certificate rather than a share, carrying no voting rights and exposure to the issuer, its custodians and the trading venue in addition to Amazon's own market risk, and leveraged positions in AMZNUSDT carry the risk of liquidation and total loss of margin. Past performance does not indicate future results. Do your own research and consider your risk tolerance before you trade on BloFin.