Amazon.com stock: Valuation puts Amazon.com stock at 19.99 times earnings

Published on 10/23/2026 at 16:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amazon reports third-quarter results on October 29, 2026. Amazon.com stock costs EUR 222.23 on October 23, 2026 at 4:07 p.m. CEST in German trading.

Reporting date October 29, 2026

Amazon.com will discuss third-quarter results on October 29, 2026, at 5:00 p.m. ET.
AWS revenue reached USD 42.20 billion in the second quarter of 2026, up 36.70 percent year over year.
Amazon.com stock costs EUR 222.23 at Lang & Schwarz on October 23, 2026 at 4:07 p.m. CEST.
Amazon.com traded at 19.99 times earnings and had a USD 2.7 trillion market capitalization on October 23, 2026.

Amazon.com Inc. US0231351067 flatlay brown shipping box stock certificate ISIN card white background — Amazon.com Inc. (US0231351067) flatlay of brown shipping box with ISIN card and stock certificate, Illustration mit AI erstellt.

Amazon.com Inc. (ISIN US0231351067) is valued at 19.99 times earnings after the stock traded at EUR 222.23 at Lang & Schwarz on October 23, 2026 at 4:07 p.m. CEST. The next scheduled corporate event is the third-quarter report on October 29, 2026, according to Amazon.com.

October 29 sets the next test

Amazon.com will discuss its third-quarter results during a conference call at 5:00 p.m. ET on October 29, 2026. The company scheduled the event in a release dated October 15, 2026, giving investors a fixed date for the next update on retail, advertising and cloud demand.

AWS remains the growth engine

Amazon Web Services generated USD 42.20 billion of revenue in the second quarter of 2026, up 36.70 percent from the comparable period of 2025. Operating income reached USD 16.60 billion. The figures came from the Q2 earnings call transcript published by Yahoo Finance.

What does the valuation imply?

The current multiple places the market value of Amazon's earnings alongside a business still expanding its largest profit engine. Morgan Stanley raised its Amazon target from USD 335.00 to USD 350.00 in a note dated October 20, 2026, as reported by CNBC. The same report identified AWS growth and operating margin as key measures for the coming results.

Market value and trading frame

Amazon's primary listing is on Nasdaq in USD. On October 23, 2026 at 10:20 a.m. ET, the stock last traded at USD 247.75. Its 52-week range was USD 196.00 to USD 287.20, while market capitalization stood at USD 2.7 trillion. The figures place the stock 13.74 percent below its 52-week high, calculated from the same market snapshot.

Amazon stock after the update

The October 29 report will put AWS growth, operating profitability and the scale of artificial-intelligence investment back into the earnings discussion. For investors, the combination of a scheduled result and a 19.99 earnings multiple makes the upcoming operating figures more important than the headline price alone.

Amazon.com stock was trading at EUR 222.23 at Lang & Schwarz on October 23, 2026 at 4:07 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Amazon.com stock.