Amazon's market value tops 3 trillion dollars for the first time

Amazon shares closed 4 percent higher at an all time high on Monday 3 August 2026, pushing the company's market capitalisation above the 3 trillion dollar threshold for the first time. It was Amazon's best trading day since 5 May 2026.

The move extended the market's response to the company's second quarter report published last week. Revenue for the period was 200.61 billion dollars against analyst estimates of 196.47 billion dollars, and adjusted earnings per share were 1.97 dollars against expectations of 1.82 dollars. Amazon Web Services revenue reached 42.2 billion dollars, above the 40.54 billion dollars analysts had forecast.

Chief executive Andy Jassy told investors on the earnings call that capital expenditure will reach 220 billion dollars this year, up from the 200 billion dollars the company projected in February. He added that even at that level the company will not have enough capacity to meet all of the demand it sees in 2026.