Fact Summary
Amazon closed at $233.66 on 2026-07-23, down -4.57% from the prior close of $244.85, with trading volume of 47,465,337 shares (Toss Securities Open API). FY2025 (fiscal year ended 2025-12-31) consolidated revenue was $716,924 million, up +12% year-over-year, and AWS revenue was $128,725 million, up +20% (Amazon 10-K). Multiple media outlets reported the decline against a backdrop of Alphabet's and Tesla's 2026-07-22 capital expenditure expansion announcements, a report on the US Senate's investigation into allegations of Chinese influence over the Marketplace, and news of AGI organization layoffs. Q2 2026 earnings are scheduled for release on 2026-07-30 and remain unreported as of the analysis date.
Price Movement Context Note
Multiple media outlets commonly attributed the 2026-07-23 decline to a combination of factors: concerns over AI infrastructure spending burdens across Big Tech broadly, triggered by the prior day's announcements from Alphabet (raising its 2026 capex range to $195 billion-$205 billion) and Tesla (disclosing capex exceeding $25 billion); Bloomberg's exclusive report on the Senate's Marketplace investigation; and news of AGI organization layoffs confirmed by CNBC. The Nasdaq Composite (-2.15%) and S&P 500 (-1.21%) also declined that same day (CNBC, as of 2026-07-23).
Valuation (Factual Multiples)
Price basis: system-of-record closing price USD 233.66 (2026-07-23) — cross-checked against the market-cap figure as of the research source's stated date (2026-07-24), with less than 1% discrepancy
Revenue by Segment (FY2025)
As of 2025-12-31 (FY2025 year-end) · Source: Amazon 10-K (accession 0001018724-26-000004) (A) · AWS accounts for 18% of revenue but posted the largest segment operating income at $45,606 million (approximately 57% of consolidated operating income of $79,975 million)
Competitor Comparison
| Metric | Amazon | Walmart | Microsoft | Alphabet |
|---|---|---|---|---|
| Revenue (Annual) | $716.9B (FY2025) | $713.2B (FY2026) | Not available | Not available |
| Trailing PER | 27.95x | 39.37x (2026-07-20) | 23.23x (2026-07-22) | 24.23x (2026-07-23~24, source range 15.77x-24.23x) |
| Forward PER | 27.94x | Not available | 19.53x | 26.11x |
| Market Cap | $2.52T | Not available | Over $3.6T | Over $3.6T |
Source: therocketretail.com, GuruFocus, financecharts.com (MSFT/GOOGL) · Research dates vary across 2026-07-20 to 2026-07-24 (as-of date noted per cell) (A)
Cloud Market Share (Q1 2026)
As of Q1 2026 · Source: SQ Magazine compilation (secondary source; Big Three combined 63% share) (A) · Revenue growth (YoY): AWS +28%, Azure +40%, Google Cloud +63% — AWS leads in share, but competitors lead in growth rate
Governance — Major Shareholders
| Holder | Shares Held | Ownership % | As of |
|---|---|---|---|
| Jeffrey P. Bezos (Founder, Chairman of the Board) | 950,434,581 shares | 8.8% | 2026-02-24 (2026 DEF 14A) |
| The Vanguard Group, Inc. | 771,052,550 shares | 7.2% | 2023-12-31 (SC 13G, filed 2024-02-13) |
| BlackRock, Inc. | 630,188,686 shares | 5.9% | 2023-12-31 (SC 13G, filed 2024-02-12) |
For Vanguard and BlackRock, the SC 13G filings from 2024 are the most recent official EDGAR-verifiable evidence; 2025-2026 updates are not available. Bezos's stake has been trending down from 10.1% as of 2024-09-30, and he made an additional donation of approximately 1.25 million shares to a nonprofit in May 2026 (Form 4, filed 2026-05-05) (A)
Supply & Demand — Short Interest, Off-Exchange Trading, and Insider Ownership Changes
| As-of Date | Short Interest | % of Float | Days to Cover |
|---|---|---|---|
| 2026-05-29 | 92,450,000 shares | 0.94% | 2.43 days |
| 2026-06-15 | 98,950,000 shares | 1.01% | 2.25 days |
| 2026-06-30 | 100,350,000 shares | 1.02% | 1.23 days |
On 2026-07-24, off-exchange (dark pool) trading accounted for 52.72% of volume, above the trailing 30-day average of 46.45%. Per Form 4, on 2026-07-01 Douglas J. Herrington (CEO, Worldwide Amazon Stores) disposed of 1,000 shares at an average price of $239.77 (a disposition within a 401(k) account under a Rule 10b5-1 pre-arranged plan); no new insider share acquisitions were identified during Q2 2026.
Source: FINRA (compiled by Benzinga, estimate), ChartExchange (estimate), SEC EDGAR Form 4 · Short interest data predates the 2026-07-23 sell-off; the post-sell-off figure is not yet available ahead of the next biweekly release (typically early August) (A/estimate mixed)
Macro Environment (As of 2026-07-24)
| Factor | Current Value | Notes |
|---|---|---|
| Fed Funds Rate | 3.50-3.75% | Held at the 2026-06-17 FOMC meeting; the July meeting is also expected to hold |
| US 10-Year Treasury Yield | 4.71% | 2026-07-24, up for 4 consecutive trading days |
| WTI Crude Oil | $87.88 per barrel | 2026-07-24, volatility elevated amid Middle East geopolitical tensions |
| US CPI (YoY) | 3.5% | 2026-06, down from 4.2% the prior month |
| US Unemployment Rate | 4.2% | 2026-06, nonfarm payroll growth slowing |
| Consumer Confidence Index (CCI) | 91.2 | 2026-06, expectations index at 74.4, below the recession signal threshold of 80 |
High interest rates, high oil prices, and new tariffs are cited as headwinds for discretionary spending and logistics costs, and a strong dollar could weigh on translated International segment revenue, while AWS growth and expansion of the retail media (advertising) market are cited as offsetting factors.
Source: Federal Reserve, Trading Economics, CNBC, Census Bureau, Advisor Perspectives (A)
Risk & Regulatory Factors
- On 2026-07-22, Bloomberg reported exclusively that the US Senate Committee on Small Business (Republican side) has launched an investigation into allegations of Chinese influence over Amazon's Marketplace (based on a tip about an employee bribery network). Third-party sellers account for approximately 60% of Amazon's revenue.
- The trial date for the FTC's Marketplace antitrust lawsuit has been postponed from October 2026 to a bench trial on 2027-02-09 (MLex).
- The FTC is reportedly drafting a lawsuit alleging Amazon misled advertisers, with multiple state attorneys general also participating in the investigation (per Bloomberg, 2026-06-16; more recent developments are not available).
- Amazon agreed to pay $2.25 million to settle FTC allegations of Fair Credit Reporting Act violations (2026-06, already resolved).
- The consumer claims deadline for the $2.5 billion Prime-related settlement reached in September 2025 ($1.5 billion in consumer refunds plus a $1 billion civil penalty) is approaching on 2026-07-27.
- New tariffs (10-12.5% covering 60 countries), effective 2026-07-24 00:01 ET, could affect the overseas sourcing costs of third-party sellers.
- Outages occurred due to fire- and heat-related incidents at the AWS Middle East (UAE) region on 2026-03-01/02, and at a US East availability zone in May 2026.
- There were layoffs of 16,000 employees on 2026-01-28 (following approximately 14,000 in October 2025), and layoffs of a portion of the AGI organization's staff on 2026-07-22 (specific headcount undisclosed).
Source: Compiled from Bloomberg, MLex, FTC, CNBC, research/risks.md (A, includes some secondary reporting)
Upcoming Earnings
Q2 2026 earnings are scheduled for release on 2026-07-30 (5:00 PM ET local time) and remain unreported as of the analysis date (2026-07-24). Consensus (C) calls for revenue of $196.71B (expected +17.3% YoY) and EPS of $1.82 (vs. $1.68 in the year-ago quarter), while the company's previously guided net sales range is $194B-$199B and operating income range is $20B-$24B. The inclusion of Prime Day sales results in Q2 revenue this year is cited as a favorable factor.
Source: aboutamazon.com, TipRanks (A/C mixed)
Theme Exposure
Fact Highlights
This is not investment advice. FomoLog provides factual summaries and post-hoc price-change context only. Investment decisions and their outcomes are solely the responsibility of the investor.
Generated by FomoLog Agent · Data sources: KRX (Korea Exchange), NASDAQ, DART, SEC EDGAR