AMZN vs MSFT
How Amazon.com, Inc. and Microsoft Corporation compare on business model, dividends and risk — the structural picture, in plain English.
| AMZN | MSFT | |
|---|---|---|
| Sector | Consumer Discretionary | Technology |
| Industry | Internet Retail | Software — Infrastructure |
| Headquarters | Seattle, Washington, USA | Redmond, Washington, USA |
| Founded | 1994 | 1975 |
| Pays a dividend | No | Yes |
| Volatility | Higher than the market | Roughly market-level |
What each company does
Amazon.com, Inc. (AMZN)
Amazon runs the largest online retail marketplace in the West, but its profits are driven disproportionately by Amazon Web Services (AWS), the leading cloud platform. A fast-growing advertising business and the Prime subscription round out the model.
Microsoft Corporation (MSFT)
Microsoft sells Windows and the Microsoft 365 / Office suite, runs the Azure cloud platform, and owns LinkedIn and Xbox. Its cloud and AI investments — including a deep partnership with OpenAI — are the center of its growth story.
From the latest 10-K filings
| Metric | AMZNFY 2025, ended Dec 31, 202510-K filed Feb 6, 2026 | MSFTFY 2026, ended Jun 30, 202610-K filed Jul 29, 2026 |
|---|---|---|
| Revenue | $716.9B | $331.8B |
| Net income | $77.7B | $133.7B |
| Operating cash flow | $139.5B | $182.9B |
| Source | AMZN 10-K on EDGAR ↗ | MSFT 10-K on EDGAR ↗ |
Amazon’s fiscal 2025 revenue ($716.9B) was 2.2× Microsoft’s fiscal 2026 revenue ($331.8B). The fiscal years differ (AMZN’s ended Dec 31, 2025, MSFT’s ended Jun 30, 2026), so the two columns cover different periods.
As reported to the SEC for each company’s own fiscal year; not a valuation or forecast.
Dividends
MSFT pays a dividend; AMZN does not.
AMZN: Amazon does not pay a dividend. It reinvests cash into logistics, cloud and new bets rather than returning it to shareholders.
MSFT: Pays a steady quarterly dividend with a long record of annual increases. The yield is modest; Microsoft also buys back stock.
Risk & volatility
Historically, MSFT has been the steadier of the two: AMZN is higher than the market (beta band ~1.1–1.3) while MSFT is roughly market-level (beta band ~0.9–1.0). These are long-run tendencies, not live figures.
Frequently asked
Does AMZN or MSFT pay a dividend?
MSFT pays a dividend; AMZN does not. Yields change with price, so check current figures in the app.
Is AMZN or MSFT more volatile?
Historically, MSFT has been the steadier of the two — AMZN is "higher than the market" and MSFT is "roughly market-level" versus the broad market. These are long-run tendencies, not live figures.
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Comparison is for educational purposes only and is not investment advice or a recommendation to buy or sell AMZN or MSFT. Company profiles reflect long-term, structural facts; volatility bands are approximate historical tendencies, not live data. Always do your own research.