Amazon management check
AMZN · Consumer Discretionary · Broadline Retail · CEO Andrew R. Jassy
Filings as of
3 good · 3 to watch · 0 flagged, across the seven questions below.
- n/a
Have owners done well?
Not enough dataNo shareholder-return figures in the latest proxy.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.48 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.00% of net income$2.1m of reported pay in fiscal 2025, against $77.7bn of net income.
- Good
Do they own the stock?
CEO stake ≈ 284 years of payThe CEO holds 2,255,766 shares, directly or through trusts (unvested awards not counted): about 284 years of pay. Light activity: no buys, $403.7m sold in six months. 62 of 62 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +1.6% a year over the last three fiscal years. Stock-based pay was 2.7% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Jeffrey P. Bezos, Andrew R. Jassy. 2 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | — | — | 70 |
| Pay for performance | 74 | 79 | |
| CEO cost | 100 | 44 | |
| Skin in the game | 100 | 36 | |
| Dilution | 30 | 74 | |
| Stable leadership | 60 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Broadline Retail, by management score. Amazon is 11th of 47 in its sector.
- 74EXPEExpedia Group78
- 90AMZNAmazon77
- 96HDHome Depot (The)76
- 100CVNACarvana76
- 102MARMarriott International76
- 258EBAYeBay Inc.64
Pay versus performance
From the proxy statement filed April 9, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Jeffrey P. Bezos, Andrew R. Jassy | $2.1m | $13.2m | $694k | $142 | — | $77.7bn |
| 2024 | — | $1.6m | $92.4m | $25.8m | $135 | — | $59.2bn |
| 2023 | — | $1.4m | $109.6m | $649k | $93 | — | $30.4bn |
| 2022 | — | $1.3m | −$147.7m | $24.5m | $52 | — | −$2.7bn |
| 2021 | — | $212.7m | $208.0m | $34.5m | $102 | — | $33.4bn |
Insiders and the CEO's stake
Andrew R Jassy (President and CEO) held 2,255,766 shares directly after their latest Form 4 on Aug 21, 2026, roughly $587.4m at that filing's price.
Light activity: no buys, $403.7m sold in six months. 62 of 62 sales ran on pre-arranged 10b5-1 plans.
- SoldJeffrey P BezosExecutive Chair · 10b5-1 plan$346.5mAug 3, 2026
- SoldAndrew R JassyPresident and CEO · 10b5-1 plan$19.1mAug 21, 2026
- SoldDouglas J HerringtonCEO Worldwide Amazon Stores · 10b5-1 plan$14.4mOct 1, 2026
- SoldMatthew S GarmanCEO Amazon Web Services · 10b5-1 plan$10.9mAug 21, 2026
Leadership and governance on file
- Sep 9, 2026Leadership change8-K 5.02
- May 14, 2024Leadership change8-K 5.02
- Sep 13, 2023Leadership change8-K 5.02
- Jun 3, 2022Leadership change8-K 5.02
- Nov 12, 2021Leadership change8-K 5.02
Latest shareholder vote results: May 22, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $6.0bn returned to owners in buybacks and dividends, 3% of net income, and $97.9bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $469.8bn | $514.0bn | $574.8bn | $638.0bn | $716.9bn |
| Net income | $33.4bn | −$2.7bn | $30.4bn | $59.2bn | $77.7bn |
| Stock-based pay | $12.8bn | $19.6bn | $24.0bn | $22.0bn | $19.5bn |
| Buybacks | $0 | $6.0bn | $0 | $0 | — |
| Dividends | — | — | — | — | — |
| Diluted shares | 10296m | 10189m | 10492m | 10721m | 10827m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.