Amazon.com Inc. stock gains as AWS revenue jumps 37 percent in latest quarter

Amazon.com Inc. (ISIN US0231351067) stock is trading close to recent highs after a strong second-quarter 2026 performance, with AWS revenue rising 37 percent to USD 42.2 billion and total company revenue reaching USD 200.6 billion, according to an analysis published on September 3, 2026.

AWS growth drives Amazon margins

According to a recent breakdown of Amazon cloud performance, Amazon Web Services generated USD 42.2 billion in revenue in the second quarter of 2026, up 37 percent year over year.

The same source notes that AWS converted 39.3 percent of its sales into operating profit, delivering operating income of USD 16.6 billion in that quarter and underscoring the business unit's importance for Amazon's overall profitability.

Amazon's total revenue for the second quarter of 2026 came in at USD 200.6 billion, illustrating that AWS alone now accounts for more than one fifth of group sales while carrying significantly higher margins than the retail and advertising activities.

Stock trades near recent highs on trillion dollar valuation

Market data compiled by a stock market overview show that Amazon.com Inc. closed at USD 254.98 per share on September 2, 2026, corresponding to a market capitalization of roughly USD 2.75 trillion as of that date.

Over the preceding 52 weeks to September 2, 2026, the shares gained 8.19 percent, while the one month return stood at negative 6.35 percent, indicating that the longer term trend remains positive despite shorter term volatility.

In the subsequent trading session, a separate report from a stock analysis platform observed Amazon's share price at USD 258.90, up 1.5 percent from the prior close of USD 254.98 during trading on September 3, 2026, with the intraday high reaching USD 259.50.

Latest quarterly earnings and analyst view

Amazon.com Inc. released its most recent quarterly earnings data on July 30, 2026, covering the second quarter of 2026, according to an earnings summary.

The e commerce and cloud group reported earnings per share of USD 5.75 in that quarter, significantly above the consensus estimate of USD 1.82, representing a positive surprise of USD 3.93 per share.

Revenue for the second quarter of 2026 reached USD 200.61 billion, exceeding analyst expectations of USD 197.03 billion and marking year over year growth of 19.6 percent compared with the same quarter a year earlier, as highlighted in a complementary overview.

The same data show that Amazon achieved a net margin of 17.44 percent and a return on equity of 18.00 percent in the second quarter of 2026, reflecting the profit impact of AWS and higher efficiency in the broader business.

Looking ahead, analysts compiled in the MarketBeat consensus expect Amazon.com Inc. to post earnings per share of about USD 8.05 for the full current year 2026, suggesting that the strong second quarter has improved the probability of meeting or beating annual profit expectations.

Retail and cloud product perspective

Beyond the financial figures, Amazon's operational story for investors remains closely tied to the performance of its core e commerce platform, the Prime membership ecosystem and the AWS cloud infrastructure services.

In the retail segment, Amazon continues to leverage Prime expedited shipping, streaming content and exclusive deals to drive higher customer engagement and repeat purchase frequency, which supports stable cash flow generation that complements the more capital intensive AWS business.

For AWS, the key product offerings focus on compute, storage, database and machine learning services, which enterprise and developer customers purchase under usage based contracts; the 37 percent revenue growth and 39.3 percent operating margin reported for the second quarter of 2026 underscore how this segment has become a central profit engine within Amazon.

Amazon.com Inc. stock price and investor takeaways

As of the latest completed trading session whose data were available on September 4, 2026, Amazon.com Inc. shares last traded at USD 258.90 on the Nasdaq exchange on September 3, 2026, up 1.5 percent from the prior closing level of USD 254.98, with the intraday high quoted at USD 259.50.