Adam N. Selipsky
On May 14, 2024, Amazon.com, Inc. (the “Company”) announced that Adam N. Selipsky, CEO Amazon Web Services, is resigning from the Company, effective as of June 3, 2024.
Highest-materiality recent filing
Amazon Q2 2026: Revenue $200.6B (+20%), operating income $27.5B (+43%)
Net sales increased 20% to $200.6B in Q2 2026, compared to $167.7B in Q2 2025.
Amazon closes $24.9B multi-tranche debt offering across eight series
Issued $750M floating rate notes due 2029 and $3.5B of 4.600% notes due 2029, $4.25B of 4.800% notes due 2031, $3B of 5.100% notes due 2033.
Amazon closes C$13.967B debt offering; notes due 2029-2056 at rates 3.4%-5.0%
C$1.25B of 3.400% notes due 2029, C$2.5B of 3.700% due 2031, C$2.0B of 4.000% due 2033.
Amazon enters $17.5B delayed draw term loan facility, three-year maturity
$17.5 billion senior unsecured delayed draw term loan facility entered on June 8, 2026.
All 11 director nominees elected, including Jeff Bezos (7.47B for) and Andrew Jassy (7.80B for).
Amazon Q1 net sales up 17% to $181.5B; EPS $2.78 vs $1.59; AWS grows 28%
Net sales $181.5B (+17% YoY; +15% ex-FX); North America $104.1B, International $39.8B, AWS $37.6B.
Amazon to acquire Globalstar for $90/share; partners with Apple for satellite services
Amazon to acquire Globalstar for $90 per share in cash or 0.3210 Amazon shares (capped at $90); 40% cash/60% stock proration; expected close in 2027.
Amazon 2025 shareholder letter: FY2026 capex ~$200B; AWS AI run rate >$15B
CEO outlines plans to spend ~$200B in capex in 2026, citing AI infrastructure and customer commitments.
Amazon issues €14.473B in notes across 8 tranches (2028-2064), net proceeds ~€14.447B
€1.75B floating rate notes due 2028, €1.25B 2.800% notes due 2028, €2.0B 3.100% notes due 2030.
Amazon closes $36.9B multi-tranche debt offering across floating and fixed-rate notes
Closed sale of $36.898B aggregate principal amount of notes across 11 tranches with maturities from 2028 to 2076.
Amazon commits $50B total investment in OpenAI: $15B closing March 31, 2026, plus $35B subject to milestones or IPO.
Amazon Q4 revenue $213.4B (+14% YoY), EPS $1.95, guides $200B capex for 2026
Q4 net sales $213.4B (+14% YoY); net income $21.2B ($1.95 diluted EPS), vs $20.0B a year ago.
Amazon closes $14.96B debt offering in six tranches with maturities from 2028 to 2065
Closed sale of $2.5B 3.900% notes due 2028, $2.5B 4.100% notes due 2030, $1.5B 4.350% notes due 2033.
Amazon Q3 revenue $180.2B (+13% YoY); AWS grows 20%; net income $21.2B on $9.5B investment gain
Net sales up 13% to $180.2B; North America $106.3B (+11%), International $40.9B (+14%), AWS $33.0B (+20%).
Q2 2025 net sales +13% to $167.7B, EPS $1.68 vs $1.26 YoY
Q2 net sales $167.7B (+13% YoY); AWS segment $30.9B (+17.5%).
Amazon shareholders elect all directors, defeat all nine shareholder proposals
All 11 director nominees elected; Jeffrey P. Bezos received 7.38B votes for, 388M against.
Amazon Q1 net sales $155.7B (+9% YoY), net income $17.1B ($1.59 EPS), up 64%
Net sales $155.7B, up 9% YoY (10% ex-FX); North America $92.9B, International $33.5B, AWS $29.3B (+17%).
Amazon 2024 revenue $638B, operating income $68.6B (+86% YoY); focus on AI and culture
Total revenue $638B (+11% YoY); North America +10%, International +9%, AWS +19% to $108B.
Amazon Q4 revenue $187.8B (+10%), EPS $1.86, AWS sales up 19%
Q4 net sales $187.8B (+10% YoY); AWS segment $28.8B (+19%).
Amazon Q3 net sales $158.9B (+11% YoY); operating income $17.4B, net income $15.3B ($1.43 EPS)
Net sales $158.9B (+11% YoY), excluding FX impact; North America $95.5B, Intl. $35.9B, AWS $27.5B.
Amazon Q2 revenue $148.0B (+10% YoY), EPS $1.26, AWS sales +19%
Net sales $148.0B (+10% YoY); North America $90.0B (+9%), International $31.7B (+7%), AWS $26.3B (+19%).
Amazon shareholders reelect all 12 directors, defeat all 16 proposals at 2024 annual meeting
Jeff Bezos re-elected with 95% support; Jonathan Rubinstein got 89%, the lowest among directors.
AWS CEO Adam Selipsky resigning effective June 3, 2024; no successor named
Adam N. Selipsky, CEO of Amazon Web Services, resigns effective June 3, 2024.
Amazon adopts exclusive forum provisions for shareholder litigation in bylaws
Board approved amendments to Amended and Restated Bylaws on May 3, 2024.
Amazon Q1 net sales up 13% to $143.3B; net income triples to $10.4B
Revenue $143.3B vs $127.4B YoY; operating income $15.3B vs $4.8B.
Amazon reports 12% revenue growth to $575B in 2023; operating income up 201%
Total revenue $575B (+12% YoY); North America $353B, International $131B, AWS $91B.
Amazon Q4 revenue $170B (+14%), EPS $1.00 vs $0.03; full-year net income $30.4B
Q4 net sales $170.0B, up 14% YoY; net income $10.6B ($1.00 diluted EPS) vs $0.3B ($0.03) YoY.
New $15B five-year unsecured revolving credit facility replaces $10B facility from March 2022.
Amazon Q3 net sales $143.1B (+13% YoY); operating income $11.2B, more than 4x YoY
Net income $9.9B ($0.94 diluted EPS) vs $2.9B ($0.28) YoY; includes $1.2B gain on Rivian investment.
Amazon elects Brad D. Smith (former Intuit CEO) to board, Audit Committee
Brad D. Smith, President of Marshall University and former Intuit CEO, elected to Amazon's board on Sept 13, 2023.
Amazon Q2 net sales $134.4B (+11% YoY), net income $6.7B vs loss, operating income $7.7B
Revenue $134.4B (+11% YoY); operating income $7.7B vs $3.3B; GAAP EPS $0.65 vs -$0.20.
Amazon shareholders elect all 11 directors, approve say-on-pay at 68%
All 11 director nominees elected; highest against votes for Cooper (1.37B) and Huttenlocher (1.40B).
Amazon Q1 net sales $127.4B (+9% YoY), EPS $0.31 vs loss; operating income $4.8B
Net sales $127.4B, +9% YoY; North America +11% to $76.9B, International +1% (ex FX +9%) to $29.1B.
Amazon CEO letter: 27K layoffs, AWS $85B run rate, fulfillment overhaul
Eliminated 27,000 corporate roles; returning to in-office at least three days a week starting May 2023.
Amazon Q4 2022 net income drops to $0.3B; full-year net loss of $2.7B on Rivian hit
Q4 net sales $149.2B (+9% YoY); operating income $2.7B (down from $3.5B YoY).
Amazon amends bylaws to reflect Delaware law changes and universal proxy card rules
Board approved amendments to Amended and Restated Bylaws on January 5, 2023.
Amazon enters $8B unsecured term loan, 364-day maturity with extension option
$8.0 billion unsecured term loan matures in 364 days, extendable by another 364 days.
Amazon closes $8.246B multi-tranche note offering with coupons 4.55%-4.70%
Issued $1.25B 4.700% notes due 2024, $1.25B 4.600% notes due 2025, $2B 4.550% notes due 2027, $1.5B 4.650% notes due 2029, $2.25B 4.700% notes due 2032.
Amazon enters $10B 364-day revolving credit facility
Unsecured revolving credit facility of up to $10.0 billion with JPMorgan as administrative agent.
Amazon Q3 net sales $127.1B (+15% YoY); operating income $2.5B vs $4.9B; FCF outflow $19.7B
Net sales $127.1B (+15% YoY, +19% ex-FX); North America +20%, International -5% (+12% ex-FX), AWS +27%.
Amazon Q2 net sales up 7% to $121.2B but net loss $2.0B on Rivian charge
Net sales $121.2B (+7% YoY); excluding $3.6B FX headwind, growth 10%.
David H. Clark, CEO Worldwide Consumer, resigning from Amazon effective July 1
David H. Clark, CEO of Worldwide Consumer, is resigning from Amazon.
Amazon shareholders approve 20-for-1 stock split; split-adjusted trading starts June 6
Approved 20-for-1 stock split and proportionate increase in authorized shares; effective May 27, 2022.
Amazon Q1 net loss $3.8B on Rivian charge; revenue $116.4B +7% YoY
Net sales $116.4B, +7% YoY; excluding FX +9% YoY.
AWS revenue re-accelerated to 37% YoY growth in 2021 after 30% in 2020; consumer revenue grew 43% YoY in Q1 2021.
Amazon closes $12.719B multi-tranche debt offering across seven note series
Issued $1.5B 2.730% notes due 2024, $1.5B 3.000% due 2025, $2.0B 3.300% due 2027.
Amazon announces 20-for-1 stock split and $10B share repurchase authorization
Board approved 20-for-1 stock split, subject to shareholder approval at May 25, 2022 annual meeting.
Net sales $137.4B (+9% YoY); operating income $3.5B vs $6.9B YoY.
Amazon director Thomas O. Ryder to retire from Board effective Dec 31, 2021
Thomas O. Ryder informed Amazon on Nov 10, 2021 of his retirement from the Board.
Amazon Q3 net income down 49% to $3.2B; guides Q4 with billions in extra costs
Net sales $110.8B (+15% YoY); operating income $4.9B vs $6.2B; net income $3.2B ($6.12/diluted) vs $6.3B ($12.37).
On May 14, 2024, Amazon.com, Inc. (the “Company”) announced that Adam N. Selipsky, CEO Amazon Web Services, is resigning from the Company, effective as of June 3, 2024.
On September 13, 2023, the Board of Directors of Amazon.com, Inc. (the “Company”) elected Brad D. Smith as a director of the Company, and also appointed him to the Audit Committee of the Board.
On June 3, 2022, Amazon.com, Inc. (the “Company”) announced that David H. Clark, CEO Worldwide Consumer, is resigning from the Company, effective as of July 1, 2022.
On November 10, 2021, Thomas O. Ryder informed Amazon.com, Inc. of his decision to retire from the Board of Directors effective December 31, 2021.
On September 20, 2021, the Board of Directors of Amazon.com, Inc. (the “Company”) elected Edith W. Cooper as a director of the Company, and also appointed her to the Leadership Development and Compensation Committee of the Board.
the Board of Directors elected Mr. Jassy as a director of the Company effective as of the date he becomes President and Chief Executive Officer.
In connection with Andrew R. Jassy’s promotion to President and Chief Executive Officer of Amazon.com, Inc. (the “Company”), which will occur on July 5, 2021
Max materiality 0.90 · Median 0.75 · Most common event earnings