AMZN · CIK 1018724
What Amazon.com, Inc. told the SEC could break it.
Amazon's disclosures lean on how much of its business runs through China and other regulated markets. China-based sellers account for significant portions of its third-party seller and advertising revenue, and China-based suppliers provide significant portions of its components and finished goods, so trade restrictions, tariffs, and geopolitical shocks affecting them flow straight into its results. Both China and India also regulate its in-country operations through licensing and foreign-investment rules that can restrict internet, data-center, retail, and delivery activities, and it depends on senior management — including its President and CEO — for whom it carries no key-person insurance.
3 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Geographic concentration
- China-based sellers and suppliers (components, finished goods, 3P/ad revenue)medium
China-based sellers account for significant portions of Amazon's third-party seller services and advertising revenue, and China-based suppliers provide significant portions of its components and finished goods — exposing results to China trade restrictions, tariffs, and geopolitical shocks.
“because China-based sellers account for significant portions of our third-party seller services and advertising revenues, and China-based suppliers provide significant portions of our components and finished goods, regulatory and trade restrictions, tariff policy changes and trade disputes, data protection and cybersecurity laws, economic factors, geopolitical events, security issues, or other factors negatively impacting China-based sellers and suppliers could adversely affect our operating results.”
Regulatory & policy
- PRC and India in-country regulation and license requirementsmedium
China and India regulate Amazon's in-country businesses via regulations and license requirements that can restrict foreign investment and operation of internet, IT infrastructure, data center, retail, and delivery sectors, internet content, and media sales.
“The People's Republic of China (“PRC”) and India regulate Amazon's and its affiliates' businesses and operations in country through regulations and license requirements that may restrict (i) foreign investment in and operation of the internet, IT infrastructure, data centers, retail, delivery, and other sectors, (ii) internet content, and (iii) the sale of media and other products and services.”
Key person
- senior management incl. President and CEO; no key-person insurancelow
Amazon depends on senior management and key personnel including its President and CEO and carries no key-person life insurance.
“We depend on our senior management and other key personnel, including our President and CEO. We do not have “key person” life insurance policies.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“We depend on third-party cloud service providers, primarily Amazon Web Services (“AWS”) and Microsoft Azure, to operate and scale our technology platforms and support critical business functions.”
Cited →“The Company's businesses depend on a single or limited number of third-party suppliers for certain products, services, data and information. For example, the Company relies on Amazon Web Services to supply cloud-based services used in many of the Company's business activities and Google to provide workspace and other enterprise services.”
Cited →“We rely on Amazon Web Services to deliver our product offerings to users, and any disruption of or interference with our use of Amazon Web Services could adversely affect our business, financial condition, results of operations and prospects. We host certain of our product offerings and support our operations using Amazon Web Services (“AWS”), a third-party provider of cloud infrastructure services, along with other service providers.”
Cited →“We rely on a number of providers of infrastructure and software services, including AWS.”
Cited →“We rely on third-party service providers, such as Amazon Web Services and to a lesser extent, data center providers, to provide third-party hosted environments for our applications.”
Cited →“We depend on data centers operated by or on behalf of Salesforce, AWS, and other third parties, and any disruption in the operation of these facilities could adversely affect our business and subject us to liability.”
Cited →“We host our platform using third-party cloud infrastructure services, including certain co-location facilities. We also use public cloud hosting with Amazon Web Services (AWS). All of our products utilize resources operated by us through these providers.”
Cited →“We rely on third-party data centers, such as Amazon Web Services, and our own colocation data centers to host and operate our Falcon platform, and any disruption of or interference with our use of these facilities may negatively affect our ability to maintain the performance and reliability of our Falc[on platform]”
Cited →“Russia and China are among a number of countries that have recently blocked certain online services, including Amazon Web Services (which is one of our”
Cited →Bread Financial Holdings, Inc.
“these relationships include (but are not limited to): Amazon Web Services and Microsoft for our cloud infrastructure, and Fiserv for our credit card processing services”
Cited →“In addition, we serve our customers and manage certain critical internal processes using a third-party data center hosting facility located in the United States and other third-party services, including AWS, Azure, Google, and other cloud services.”
Cited →“We rely on Amazon Web Services to deliver our platform to our partners, and any disruption of, or interference with, our use of Amazon Web Services could adversely affect our business, financial condition, operating results, cash flows, and prospects.”
Cited →
Its suppliers
“In 2025, one customer, Amazon.com, Inc. and its affiliates, represented approximately 10.6% of our consolidated revenues, substantially all of which was within our U.S. Domestic Package segment. As previously disclosed, our strategy involves reducing volumes from this customer by more than 50% by June 2026 from 2024 levels.”
Cited →“We have affiliate agreement relationships with, and our service is available directly from major MVPDs that include Comcast, Cox, and Dish, and vMVPDs and digital distributors that include Amazon Prime Video Channels, Roku Channels, Sling TV and YouTube TV.”
Cited →“Our three largest customers are Target®, Walmart® and Amazon®, which accounted for 29.6%, 24.2% and 10.6%, respectively, of our net sales in 2024.”
Cited →“During 2025, our three largest customers - Walmart, Amazon, and Best Buy - each accounted for between 14% to 28% of our consolidated gross sales.”
Cited →“Our largest customers, Target, Walmart, Amazon and Sephora, accounted for 18%, 13%, 11% and 10%, respectively, of our net sales in the fiscal year ended March 31, 2026.”
Cited →“Cargo and other revenue increased $89 million, or 19%, primarily driven by increased revenue under the ATSA with Amazon following the addition of the four remaining contracted A330-300F aircraft to our cargo fleet in 2025.”
Cited →“During 2025, Mattel's three largest customers (Walmart at $1.08 billion, Target at $0.63 billion, and Amazon at $0.52 billion) accounted for approximately 42% of worldwide consolidated net sales.”
Cited →Prestige Consumer Healthcare Inc.
“During 2026, 2025 and 2024, Amazon accounted for approximately 15 %, 14 %, and 11 % respectively, of our gross revenues.”
Cited →Prestige Consumer Healthcare Inc.
“During 2024, Walmart and Amazon, which accounted for approximately 19.7% and 10.9% of our gross revenues, were our only customers that accounted for more than 10% of our gross revenues.”
Cited →Hamilton Beach Brands Holding Co.
“Amazon.com, Inc. and its subsidiaries accounted for approximately 19 %, 24 % and 24 % of the Company's revenue in 2025, 2024 and 2023 respectively.”
Cited →“Our partners include major retailers such as Amazon, Best Buy, Costco, Hobby Lobby, HSN, Michaels, Target, and Walmart, along with many others.”
Cited →“on January 28, 2025, we entered into a transaction agreement with Amazon.com, Inc. (“Amazon”) under which, among other things, we agreed to issue to a wholly-owned affiliate of Amazon a warrant to acquire up to 18,716,456 shares of the Company's Class A common stock (subject to customary anti-dilution adjustments) at an exercise price of $6.8308 per share on the terms and conditions set forth in the warrant.”
Cited →
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