Amazon shares gained 66,570% over 25 years through Sept. 23, despite never paying a dividend. The article says a payout is unlikely soon as the company prioritizes growth; Amazon projects $220 billion in 2026 capital spending, 67% above 2025, to expand AWS computing capacity.
The article points to AWS's second-quarter 2026 results, for the quarter ended June 30: revenue rose 37% year over year, its backlog reached $496 billion and its operating margin was 39%. AWS accounted for 60% of Amazon's operating income.
The article compares Amazon's 520% total return over the past decade with Coca-Cola's 181%. It also notes Motley Fool's Stock Advisor analysts excluded Amazon from their current 10 best-stock picks.
