MEDIUMOutside partyCustomer
China-based sellers
“10-K Item 1A: 'China-based sellers account for significant portions of our third-party seller services and advertising revenues'”
AMZN · Concentration risk · 10-K extracted
Amazon.com (AMZN) concentration risks
Updated
The most significant concentration Amazon.com discloses is China-based sellers, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Amazon.com’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
China-based suppliers
“10-K Item 1A: 'China-based suppliers provide significant portions of our components and finished goods'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-03Amazon's disclosed concentration risk centers on China rather than on any single customer or product line. The company notes that China-based sellers account for a significant portion of its third-party seller services and advertising revenues, and separately that China-based suppliers provide a significant portion of its components and finished goods. Both exposures are dependency-driven rather than purely structural, reflecting reliance on a specific geography for both demand-side (seller/advertiser) and supply-side (component/goods sourcing) activity. Neither claim discloses a precise percentage, so the exposures cannot be sized more granularly than the disclosed share band. Because both exposures point to the same geography, they are correlated rather than independent — a shock to China's trade relationships, regulatory environment, or economic conditions could pressure Amazon's marketplace revenue and its supply chain simultaneously rather than in isolation. This dual-sided China dependency is the single concentration theme evident in the sourced disclosures, and its correlated nature is the factor most likely to matter to an overall assessment, more so than either exposure would suggest viewed in isolation.
For the engine’s reasoning on AMZN’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Internet Retail
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| EBAY | eBay Inc. | 1 | 0 | 0 | 1 |
| AMZN● | Amazon.com, Inc. | 0 | 2 | 0 | 2 |
| CPNG | Coupang, Inc. | 0 | 1 | 0 | 1 |
| CART | Maplebear Inc. | 0 | 0 | 0 | 0 |
| CHWY | Chewy, Inc. | 0 | 0 | 0 | 0 |
| DASH | DoorDash, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.