Q2 2026
30 Jul 2026 · after closeReported after the close, so the reaction is $235.50 on 30 Jul 2026 → $265.00 at the open on 31 Jul 2026. The first session kept going.
AMZN · 88 quarters on record · reports after the close
Four questions answered from Amazon's own 88 reports. Averages carry a 95% range; when that range crosses zero, the honest reading is “no edge detected”, not “a small edge”.
A coin flip
43 up, 45 down across 88 reports. Direction is not something this history predicts.
No
Correlation between the two weeks before and the overnight gap is 0.07 — essentially none, and not distinguishable from chance at n = 88. How Amazon traded into the print said nothing about which way it gapped.
Nothing above just holding it
Buying at the last close before the report and selling two weeks later averaged +1.3% across 88 reports. But any 11-session hold of Amazon, started on any day in the same era, averaged +1.3% — so the report-specific part is +0.0%. The 95% range on the earnings trade is −1.2% to +3.8%, which includes the ordinary-hold figure — buying before a report has paid about what owning Amazon at any other time paid. The report adds swing, not return.
About the same, with less risk
Buying at the open after the news and selling two weeks later averaged +0.8%, against +1.3% for holding through. The difference is −0.5%, but holding through also exposes you to the 7.1% median overnight swing — which landed against you 51% of the time, worst at −16.6%. The two averages' ranges overlap, so the difference itself is not distinguishable from noise; the difference in risk is the real one.
All 88 windows averaged and stacked on the report. The shaded band is the middle half of outcomes — its width is the point: the average line is a poor description of any single quarter.
Each dot is one quarter: how it traded in the two weeks before (across) against the overnight gap it produced (up). A shapeless cloud means the run-in told you nothing — r = 0.07, not distinguishable from chance.
Up is green, down is red; the arrow and sign carry the direction too.
Two weeks either side of each report, indexed to the last close before the numbers came out. The shaded area is how much of the move the report accounts for. The other 80 quarters are in the table below.
Reported after the close, so the reaction is $235.50 on 30 Jul 2026 → $265.00 at the open on 31 Jul 2026. The first session kept going.
Reported after the close, so the reaction is $263.04 on 29 Apr 2026 → $273.17 at the open on 30 Apr 2026. The first session gave some back.
Reported after the close, so the reaction is $222.69 on 5 Feb 2026 → $202.70 at the open on 6 Feb 2026. The first session gave some back.
Reported after the close, so the reaction is $222.86 on 30 Oct 2025 → $250.10 at the open on 31 Oct 2025. The first session gave some back.
Reported after the close, so the reaction is $234.11 on 31 Jul 2025 → $217.21 at the open on 1 Aug 2025. The first session kept going.
Reported after the close, so the reaction is $190.20 on 1 May 2025 → $191.44 at the open on 2 May 2025. The first session reversed.
Reported after the close, so the reaction is $238.83 on 6 Feb 2025 → $232.50 at the open on 7 Feb 2025. The first session kept going.
Reported after the close, so the reaction is $186.40 on 31 Oct 2024 → $199.00 at the open on 1 Nov 2024. The first session gave some back.
Newest first. Quarter links open the filing on SEC EDGAR.
| Quarter | Reported | When | Last close before | Reaction open | Overnight gap | First session | 2w before | 2w after | Then |
|---|---|---|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jul 2026 | after close | $235.50 | $265.00 | ↑ +12.5% | +15.3% | −5.8% | +11.5% | kept going |
| Q1 2026 | 29 Apr 2026 | after close | $263.04 | $273.17 | ↑ +3.9% | +0.8% | +5.9% | +1.6% | gave some back |
| Q4 2025 | 5 Feb 2026 | after close | $222.69 | $202.70 | ↓ −9.0% | −5.6% | −5.0% | −7.8% | gave some back |
| Q3 2025 | 30 Oct 2025 | after close | $222.86 | $250.10 | ↑ +12.2% | +9.6% | +3.9% | +5.3% | gave some back |
| Q2 2025 | 31 Jul 2025 | after close | $234.11 | $217.21 | ↓ −7.2% | −8.3% | +4.6% | −1.3% | kept going |
| Q1 2025 | 1 May 2025 | after close | $190.20 | $191.44 | ↑ +0.6% | −0.1% | +9.1% | +8.1% | reversed |
| Q4 2024 | 6 Feb 2025 | after close | $238.83 | $232.50 | ↓ −2.7% | −4.1% | +1.4% | −10.9% | kept going |
| Q3 2024 | 31 Oct 2024 | after close | $186.40 | $199.00 | ↑ +6.8% | +6.2% | −0.6% | +8.7% | gave some back |
| Q2 2024 | 1 Aug 2024 | after close | $184.07 | $166.75 | ↓ −9.4% | −8.8% | +0.2% | −3.8% | gave some back |
| Q1 2024 | 30 Apr 2024 | after close | $175.00 | $181.64 | ↑ +3.8% | +2.3% | −4.5% | +6.3% | gave some back |
| Q4 2023 | 1 Feb 2024 | after close | $159.28 | $169.19 | ↑ +6.2% | +7.9% | +3.8% | +6.4% | kept going |
| Q3 2023 | 26 Oct 2023 | after close | $119.57 | $126.20 | ↑ +5.5% | +6.8% | −9.6% | +20.1% | kept going |
| Q2 2023 | 3 Aug 2023 | after close | $128.91 | $141.06 | ↑ +9.4% | +8.3% | −0.8% | +3.3% | gave some back |
| Q1 2023 | 27 Apr 2023 | after close | $109.82 | $107.73 | ↓ −1.9% | −4.0% | +7.2% | +0.4% | kept going |
| Q4 2022 | 2 Feb 2023 | after close | $112.91 | $105.26 | ↓ −6.8% | −8.4% | +20.5% | −13.9% | kept going |
| Q3 2022 | 27 Oct 2022 | after close | $110.96 | $97.91 | ↓ −11.8% | −6.8% | −1.4% | −9.2% | gave some back |
| Q2 2022 | 28 Jul 2022 | after close | $122.28 | $134.90 | ↑ +10.3% | +10.4% | +10.5% | +17.4% | kept going |
| Q1 2022 | 28 Apr 2022 | after close | $144.60 | $129.85 | ↓ −10.2% | −14.0% | −7.0% | −21.8% | kept going |
| Q4 2021 | 3 Feb 2022 | after close | $138.85 | $155.61 | ↑ +12.1% | +13.5% | −8.5% | +9.9% | kept going |
| Q3 2021 | 28 Oct 2021 | after close | $172.33 | $165.00 | ↓ −4.3% | −2.2% | +4.4% | +2.3% | gave some back |
| Q2 2021 | 29 Jul 2021 | after close | $180.00 | $167.40 | ↓ −7.0% | −7.6% | −0.9% | −8.5% | kept going |
| Q1 2021 | 29 Apr 2021 | after close | $173.57 | $176.26 | ↑ +1.5% | −0.1% | +2.7% | −7.2% | reversed |
| Q4 2020 | 2 Feb 2021 | after close | $169.00 | $171.25 | ↑ +1.3% | −2.0% | +8.3% | −1.5% | reversed |
| Q3 2020 | 29 Oct 2020 | after close | $160.55 | $157.89 | ↓ −1.7% | −5.4% | −3.8% | −2.6% | kept going |
| Q2 2020 | 30 Jul 2020 | after close | $152.59 | $162.20 | ↑ +6.3% | +3.7% | +1.7% | +3.2% | gave some back |
| Q1 2020 | 30 Apr 2020 | after close | $123.70 | $116.84 | ↓ −5.5% | −7.6% | +2.7% | −2.6% | kept going |
| Q4 2019 | 30 Jan 2020 | after close | $93.53 | $102.57 | ↑ +9.7% | +7.4% | +0.5% | +14.1% | gave some back |
| Q3 2019 | 24 Oct 2019 | after close | $89.04 | $84.88 | ↓ −4.7% | −1.1% | +3.5% | +0.3% | gave some back |
| Q2 2019 | 25 Jul 2019 | after close | $98.69 | $97.10 | ↓ −1.6% | −1.6% | −1.4% | −8.4% | gave some back |
| Q1 2019 | 25 Apr 2019 | after close | $95.11 | $96.45 | ↑ +1.4% | +2.5% | +3.0% | −0.6% | kept going |
| Q4 2018 | 31 Jan 2019 | after close | $85.94 | $81.94 | ↓ −4.6% | −5.4% | +2.1% | −6.4% | kept going |
| Q3 2018 | 25 Oct 2018 | after close | $89.11 | $82.48 | ↓ −7.4% | −7.8% | +3.7% | −3.9% | kept going |
| Q2 2018 | 26 Jul 2018 | after close | $90.40 | $93.80 | ↑ +3.8% | +0.5% | +0.6% | +4.3% | gave some back |
| Q1 2018 | 26 Apr 2018 | after close | $75.90 | $81.70 | ↑ +7.6% | +3.6% | +4.8% | +5.6% | gave some back |
| Q4 2017 | 1 Feb 2018 | after close | $69.50 | $73.87 | ↑ +6.3% | +2.9% | +7.5% | +4.2% | gave some back |
| Q3 2017 | 26 Oct 2017 | after close | $48.62 | $52.91 | ↑ +8.8% | +13.2% | −2.8% | +15.7% | kept going |
| Q2 2017 | 27 Jul 2017 | after close | $52.30 | $50.61 | ↓ −3.2% | −2.5% | +4.5% | −7.5% | gave some back |
| Q1 2017 | 27 Apr 2017 | after close | $45.92 | $47.44 | ↑ +3.3% | +0.7% | +2.5% | +4.7% | gave some back |
| Q4 2016 | 2 Feb 2017 | after close | $42.00 | $40.34 | ↓ −4.0% | −3.5% | +3.8% | +0.6% | gave some back |
| Q3 2016 | 27 Oct 2016 | after close | $40.92 | $39.10 | ↓ −4.4% | −5.1% | −1.3% | −9.7% | kept going |
| Q2 2016 | 28 Jul 2016 | after close | $37.63 | $38.25 | ↑ +1.6% | +0.8% | +1.5% | +2.6% | gave some back |
| Q1 2016 | 28 Apr 2016 | after close | $30.10 | $33.30 | ↑ +10.6% | +9.6% | −3.0% | +17.9% | gave some back |
| Q4 2015 | 28 Jan 2016 | after close | $31.77 | $28.60 | ↓ −10.0% | −7.6% | +9.2% | −20.2% | gave some back |
| Q3 2015 | 22 Oct 2015 | after close | $28.20 | $30.88 | ↑ +9.5% | +6.2% | +5.8% | +16.9% | gave some back |
| Q2 2015 | 23 Jul 2015 | after close | $24.11 | $28.95 | ↑ +20.1% | +9.8% | +11.0% | +8.4% | gave some back |
| Q1 2015 | 23 Apr 2015 | after close | $19.50 | $21.95 | ↑ +12.6% | +14.1% | +1.7% | +11.2% | kept going |
| Q4 2014 | 29 Jan 2015 | after close | $15.59 | $17.32 | ↑ +11.1% | +13.7% | +6.3% | +22.5% | kept going |
| Q3 2014 | 23 Oct 2014 | after close | $15.66 | $14.22 | ↓ −9.2% | −8.3% | −0.7% | −4.3% | gave some back |
| Q2 2014 | 24 Jul 2014 | after close | $17.93 | $15.87 | ↓ −11.5% | −9.6% | +9.4% | −11.7% | gave some back |
| Q1 2014 | 24 Apr 2014 | after close | $16.86 | $15.81 | ↓ −6.2% | −9.9% | +1.6% | −13.3% | kept going |
| Q4 2013 | 30 Jan 2014 | after close | $20.15 | $18.59 | ↓ −7.8% | −11.0% | +1.8% | −11.3% | kept going |
| Q3 2013 | 24 Oct 2013 | after close | $16.61 | $17.93 | ↑ +7.9% | +9.4% | +8.9% | +5.4% | kept going |
| Q2 2013 | 25 Jul 2013 | after close | $15.17 | $14.98 | ↓ −1.3% | +2.8% | +1.2% | −2.0% | reversed |
| Q1 2013 | 25 Apr 2013 | after close | $13.74 | $13.50 | ↓ −1.7% | −7.2% | +1.8% | −4.0% | kept going |
| Q4 2012 | 29 Jan 2013 | after close | $13.02 | $14.15 | ↑ +8.7% | +4.8% | −4.5% | +3.5% | gave some back |
| Q3 2012 | 25 Oct 2012 | after close | $11.15 | $11.43 | ↑ +2.5% | +6.9% | −8.7% | +1.7% | kept going |
| Q2 2012 | 26 Jul 2012 | after close | $11.00 | $11.26 | ↑ +2.4% | +7.9% | +2.2% | +5.8% | kept going |
| Q1 2012 | 26 Apr 2012 | after close | $9.80 | $11.24 | ↑ +14.7% | +15.7% | +2.8% | +16.2% | kept going |
| Q4 2011 | 31 Jan 2012 | after close | $9.72 | $8.69 | ↓ −10.6% | −7.7% | +7.0% | −5.1% | gave some back |
| Q3 2011 | 25 Oct 2011 | after close | $11.36 | $10.19 | ↓ −10.3% | −12.7% | −3.5% | −7.0% | kept going |
| Q2 2011 | 26 Jul 2011 | after close | $10.71 | $11.22 | ↑ +4.8% | +3.9% | +1.4% | −9.4% | gave some back |
| Q1 2011 | 26 Apr 2011 | after close | $9.12 | $9.16 | ↑ +0.5% | +7.9% | −0.9% | +12.1% | kept going |
| Q4 2010 | 27 Jan 2011 | after close | $9.22 | $8.57 | ↓ −7.0% | −7.2% | +0.2% | +2.6% | kept going |
| Q3 2010 | 21 Oct 2010 | after close | $8.25 | $8.12 | ↓ −1.5% | +2.5% | +5.6% | +3.5% | reversed |
| Q2 2010 | 22 Jul 2010 | after close | $6.00 | $5.30 | ↓ −11.8% | −1.0% | +3.3% | +6.9% | gave some back |
| Q1 2010 | 22 Apr 2010 | after close | $7.51 | $7.27 | ↓ −3.1% | −4.3% | +6.5% | −16.7% | kept going |
| Q4 2009 | 28 Jan 2010 | after close | $6.30 | $6.49 | ↑ +3.0% | −0.5% | −2.4% | −5.1% | reversed |
| Q3 2009 | 22 Oct 2009 | after close | $4.67 | $5.55 | ↑ +18.8% | +26.8% | −1.8% | +35.0% | kept going |
| Q2 2009 | 23 Jul 2009 | after close | $4.69 | $4.38 | ↓ −6.7% | −7.9% | +20.2% | −9.1% | kept going |
| Q1 2009 | 23 Apr 2009 | after close | $4.03 | $4.10 | ↑ +1.8% | +4.8% | +4.7% | −3.3% | kept going |
| Q4 2008 | 29 Jan 2009 | after close | $2.50 | $2.87 | ↑ +14.7% | +17.6% | +3.1% | +26.5% | kept going |
| Q3 2008 | 22 Oct 2008 | after close | $2.50 | $2.17 | ↓ −13.2% | +0.6% | −18.1% | −5.6% | reversed |
| Q2 2008 | 23 Jul 2008 | after close | $3.53 | $3.82 | ↑ +8.2% | +11.6% | −0.1% | +9.1% | kept going |
| Q1 2008 | 23 Apr 2008 | after close | $4.05 | $3.89 | ↓ −4.0% | −4.1% | +8.9% | −10.1% | kept going |
| Q4 2007 | 30 Jan 2008 | after close | $3.71 | $3.45 | ↓ −7.1% | +4.7% | −7.5% | +2.1% | reversed |
| Q3 2007 | 23 Oct 2007 | after close | $5.04 | $4.54 | ↓ −9.9% | −12.0% | +5.8% | −13.7% | kept going |
| Q2 2007 | 24 Jul 2007 | after close | $3.46 | $4.23 | ↑ +22.2% | +24.4% | −1.5% | +12.3% | kept going |
| Q1 2007 | 24 Apr 2007 | after close | $2.24 | $2.66 | ↑ +18.7% | +26.9% | +6.9% | +40.4% | kept going |
| Q4 2006 | 1 Feb 2007 | after close | $1.94 | $1.86 | ↓ −3.8% | −3.4% | +4.7% | +4.2% | gave some back |
| Q3 2006 | 24 Oct 2006 | after close | $1.68 | $1.87 | ↑ +10.9% | +12.0% | +3.1% | +17.4% | kept going |
| Q2 2006 | 25 Jul 2006 | after close | $1.68 | $1.44 | ↓ −14.4% | −21.8% | −5.8% | −22.0% | kept going |
| Q1 2006 | 25 Apr 2006 | after close | $1.78 | $1.77 | ↓ −0.6% | +0.7% | −2.9% | −3.9% | reversed |
| Q4 2005 | 2 Feb 2006 | after close | $2.14 | $1.89 | ↓ −11.8% | −10.3% | −3.9% | −8.3% | gave some back |
| Q3 2005 | 25 Oct 2005 | after close | $2.31 | $2.05 | ↓ −11.2% | −13.9% | +6.4% | −10.4% | kept going |
| Q2 2005 | 26 Jul 2005 | after close | $1.89 | $2.10 | ↑ +11.3% | +15.7% | +3.9% | +18.6% | kept going |
| Q1 2005 | 26 Apr 2005 | after close | $1.64 | $1.54 | ↓ −5.7% | −3.1% | −5.5% | +3.4% | gave some back |
| Q4 2004 | 2 Feb 2005 | after close | $2.09 | $1.75 | ↓ −16.6% | −14.6% | −4.7% | −14.8% | gave some back |
| Q3 2004 | 21 Oct 2004 | after close | $1.97 | $1.81 | ↓ −8.3% | −12.4% | −4.1% | −7.4% | kept going |