Amazon (AMZN) Stock Price vs Operating Income
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Amazon's operating income for Q1 2026 reached $23.9 billion, up 29.6% from $18.4 billion in Q1 2025. Over the same one-year period, the stock price rose 9.5%, from $190.26 to $208.27, meaning the valuation compressed relative to earnings growth. Across the broader June 2024 to June 2026 window, operating income climbed from $14.7 billion to $23.9 billion while the stock price increased from $178.34 to $255.78, with a correlation of 0.35 between the two metrics. The stock's most recent price of $255.78 on June 2, 2026 reflects a valuation compression given that operating income growth has outpaced stock price appreciation over recent quarters.
Trailing-12-month Operating Income was $28.3B as of 2021-09-30, +42% year over year. The stock moved +4.3% over the same window ($157.44 -> $164.25). The stock is now cheaper relative to Operating Income than a year ago (multiple compression).
Latest close: 260.08 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2021-09-30 | 28.3B USD | Q3 10-Q |
| 2021-06-30 | 29.6B USD | Q2 10-Q |
| 2021-03-31 | 27.8B USD | Q1 10-Q |
| 2020-12-31 | 22.9B USD | FY 10-K |
| 2020-09-30 | 19.9B USD | Q3 10-Q |
| 2020-06-30 | 16.9B USD | Q2 10-Q |
| 2020-03-31 | 14.1B USD | Q1 10-Q |
| 2019-12-31 | 14.5B USD | FY 10-K |
Sources: autario.com/data/stock-amzn-amazon-daily-prices · autario.com/data/amazon-operating-income-sec-filings | data verified and hosted on autario.com.