Amazon ordered to collectively bargain with California warehouse workers
A federal labor board judge ruled that the e-commerce giant must negotiate with Teamsters-represented employees at a San Francisco distribution facility, setting a precedent that could ripple across the company's vast warehouse network.
Amazon.com Inc. (AMZN) price
Full chart and statsLoading chart…
- Last close
- $253
- Close-to-close change
- +1.6%
- Market cap
- $2.7T (shares as of 2026-07-22)
- P/E (trailing)
- 20.4 (EPS to 2026-06-30)
- Annual revenue
- $716.9B USD (FY ended 2025-12-31) 10-K
- Annual revenue growth
- +12.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
- Annual net income
- 77,670,000,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
- Annual operating margin
- 11.2% (FY ended 2025-12-31)
- Forward P/E
- Unavailable: no dated forecast source
Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
Amazon.com Inc. and its peers
| Company | Price | Market cap | P/E (trailing) | Forward P/E | Annual revenue (USD) | Annual revenue growth | Annual net income (USD) | Operating margin |
|---|---|---|---|---|---|---|---|---|
|
|
$253 | $2.7T | 20.4 | Unavailable | $716.9BFY ended 2025-12-31 · 10-K | +12.4%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 77,670,000,000FY ended 2025-12-31, attributable to the company · 10-K | 11.2%FY ended 2025-12-31 |
|
|
$14 | Unavailable | Not meaningfulLoss, diluted EPS −0.43 to 2026-06-30 · SEC filing | Unavailable | $34.5BFY ended 2025-12-31 · 10-K | +14.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 208,000,000FY ended 2025-12-31, attributable to the company · 10-K | 1.4%FY ended 2025-12-31 |
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$113 | Unavailable | Not meaningfulLoss, diluted EPS −2.48 to 2026-06-30 · SEC filing | Unavailable | $12.5BFY ended 2025-12-31 · 10-K | +5.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K | −313,000,000FY ended 2025-12-31, attributable to the company · 10-K | 0.1%FY ended 2025-12-31 |
|
|
$119 | $946.7B | 43.2 | Unavailable | $713.2BFY ended 2026-01-31 · 10-K | +4.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K | 21,893,000,000FY ended 2026-01-31, attributable to the company · 10-K | 4.2%FY ended 2026-01-31 |
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 28, 2026, 3:46 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Token vs underlying stock
Current comparison for AMZN. Historical observations may postdate this article.
AMZNx token unit vs AMZN share · USD
-8.6% over displayed period
● AMZNx token┄ AMZN stock: $253.10
Source: CoinGecko + Gloria · Retrieved Oct 28, 20:51 UTC · Delayed
Methodology and data
Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.
| Date (UTC) | Token (USD) | Stock close (USD) | Token quote (UTC) |
|---|---|---|---|
| 2026-08-04 | 277.39 | 277.42 | 2026-08-04 20:00 |
| 2026-08-05 | 272.84 | 272.65 | 2026-08-05 20:00 |
| 2026-08-06 | 272.13 | 272.26 | 2026-08-06 20:00 |
| 2026-08-07 | 274.76 | 274.48 | 2026-08-07 20:00 |
| 2026-08-10 | 277.96 | 278.09 | 2026-08-10 20:00 |
| 2026-08-11 | 272.21 | 272.27 | 2026-08-11 20:00 |
| 2026-08-12 | 267.48 | 267.28 | 2026-08-12 20:00 |
| 2026-08-13 | 265.07 | 265.13 | 2026-08-13 20:00 |
| 2026-08-14 | 262.81 | 262.65 | 2026-08-14 20:00 |
| 2026-08-17 | 261.07 | 261.31 | 2026-08-17 20:00 |
| 2026-08-18 | 259.40 | 259.45 | 2026-08-18 20:00 |
| 2026-08-19 | 265.80 | 265.84 | 2026-08-19 20:00 |
| 2026-08-20 | 259.95 | 260.11 | 2026-08-20 20:00 |
| 2026-08-21 | 258.73 | 258.63 | 2026-08-21 20:00 |
| 2026-08-24 | 262.28 | 262.07 | 2026-08-24 20:00 |
| 2026-08-25 | 261.06 | 261.06 | 2026-08-25 20:00 |
| 2026-08-26 | 260.32 | 260.28 | 2026-08-26 20:00 |
| 2026-08-27 | 256.30 | 256.26 | 2026-08-27 20:00 |
| 2026-08-28 | 266.44 | 266.43 | 2026-08-28 20:00 |
| 2026-08-31 | 259.63 | 259.77 | 2026-08-31 20:00 |
| 2026-09-01 | 254.64 | 254.92 | 2026-09-01 20:00 |
| 2026-09-02 | 254.81 | 254.98 | 2026-09-02 20:00 |
| 2026-09-03 | 258.83 | 258.90 | 2026-09-03 20:00 |
| 2026-09-04 | 258.34 | 258.51 | 2026-09-04 20:00 |
| 2026-09-08 | 256.81 | 256.97 | 2026-09-08 20:00 |
| 2026-09-09 | 252.24 | 252.40 | 2026-09-09 20:00 |
| 2026-09-10 | 251.61 | 251.89 | 2026-09-10 20:00 |
| 2026-09-11 | 257.13 | 256.78 | 2026-09-11 20:00 |
| 2026-09-14 | 253.68 | 253.54 | 2026-09-14 20:00 |
| 2026-09-15 | 248.35 | 248.42 | 2026-09-15 20:00 |
| 2026-09-16 | 246.01 | 245.96 | 2026-09-16 20:00 |
| 2026-09-17 | 251.35 | 251.19 | 2026-09-17 20:00 |
| 2026-09-18 | 253.69 | 253.71 | 2026-09-18 20:00 |
| 2026-09-21 | 258.31 | 258.45 | 2026-09-21 20:00 |
| 2026-09-22 | 255.06 | 254.98 | 2026-09-22 20:00 |
| 2026-09-23 | 249.39 | 249.27 | 2026-09-23 20:00 |
| 2026-09-24 | 249.48 | 249.38 | 2026-09-24 20:00 |
| 2026-09-25 | 249.71 | 249.67 | 2026-09-25 20:00 |
| 2026-09-28 | 246.30 | 246.15 | 2026-09-28 20:00 |
| 2026-09-29 | 246.66 | 246.67 | 2026-09-29 20:00 |
| 2026-09-30 | 249.53 | 249.15 | 2026-09-30 20:00 |
| 2026-10-01 | 248.17 | 248.23 | 2026-10-01 20:00 |
| 2026-10-02 | 251.37 | 251.52 | 2026-10-02 20:00 |
| 2026-10-05 | 251.43 | 251.40 | 2026-10-05 20:00 |
| 2026-10-06 | 256.28 | 256.29 | 2026-10-06 20:00 |
| 2026-10-07 | 259.85 | 259.92 | 2026-10-07 20:00 |
| 2026-10-08 | 254.31 | 254.06 | 2026-10-08 20:00 |
| 2026-10-09 | 262.35 | 262.43 | 2026-10-09 20:00 |
| 2026-10-12 | 259.60 | 259.53 | 2026-10-12 20:00 |
| 2026-10-13 | 258.72 | 258.58 | 2026-10-13 20:00 |
| 2026-10-14 | 253.89 | 254.08 | 2026-10-14 20:00 |
| 2026-10-15 | 254.89 | 254.76 | 2026-10-15 20:00 |
| 2026-10-16 | 250.16 | 250.00 | 2026-10-16 20:00 |
| 2026-10-19 | 262.52 | 262.45 | 2026-10-19 20:00 |
| 2026-10-20 | 262.57 | 262.63 | 2026-10-20 20:00 |
| 2026-10-21 | 262.57 | 262.37 | 2026-10-21 20:00 |
| 2026-10-22 | 250.30 | 250.38 | 2026-10-22 20:00 |
| 2026-10-23 | 248.07 | 248.00 | 2026-10-23 20:00 |
| 2026-10-26 | 248.95 | 249.09 | 2026-10-26 20:00 |
| 2026-10-27 | 253.41 | 253.10 | 2026-10-27 20:00 |
Stock history: Gloria · Retrieved Oct 28, 00:31 UTC. Token history: CoinGecko AMZNx.
Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.
Amazon just lost a fight it’s been waging for months. A US labor board judge ruled that the company must collectively bargain with warehouse workers at its San Francisco distribution facility, marking a significant escalation in the ongoing battle between the world’s largest e-commerce company and organized labor.
The ruling stems from a complaint filed on April 21, 2025, by a regional director of the National Labor Relations Board, alleging that Amazon unlawfully refused to engage in collective bargaining with Teamsters-represented workers at its DCK6 distribution site. A majority of warehouse workers at that facility signed union authorization cards in the fall of 2024, and Amazon’s response was, essentially, to ignore them.
The legal mechanism that changes everything
This isn’t your standard union election dispute. The NLRB complaint seeks a bargaining order grounded in a 2023 precedent that fundamentally changed the playbook for organizing. Under that precedent, when a union demonstrates majority support through signed authorization cards, the employer faces a binary choice: recognize the union or proceed to an election. If the employer refuses to do either, as Amazon allegedly did here, the NLRB can simply order them to the bargaining table.
Amazon described the NLRB complaint as “meritless” and a “baseless legal theory” that undermines employee rights. Further proceedings are set to occur before an administrative law judge.
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A broader pattern across California
Unionization efforts at Amazon warehouses in the state accelerated significantly after the enactment of AB 701 in 2021, California’s Warehouse Quotas law that took effect in 2022. That legislation required warehouse employers to disclose productivity quotas to workers and prohibited quotas that prevented compliance with health and safety laws.
Strikes at Southern California facilities occurred in December 2024, reflecting ongoing labor unrest that extends well beyond the Bay Area. The NLRB complaint could influence union drives at additional California sites, including DAX5 in City of Industry and DAX8 in Palmdale, where organizing efforts are being watched closely.
Amazon has faced repeated NLRB complaints alleging refusal to bargain, suggesting a corporate strategy of systematic resistance rather than case-by-case objections.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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