Every AMZN drawdown of 20% or more since April 2012
8 declines, oldest first. Depth is measured on daily closing prices from the prior high. "Back at the high" is the first day the price closed at or above that prior high.
| Peak | Low | Depth | Peak to low | Back at the high | Low to new high | Backdrop |
|---|---|---|---|---|---|---|
| Before April 2012Already 20.6% below its high when our data starts | Apr 26, 2012 | -20.6% | Not shown | Aug 29, 2012 | 125 daysabout 4 months | — |
| Jan 21, 2014 | Jan 15, 2015 | -29.5% | 359 daysabout 12 months | Apr 24, 2015 | 99 daysabout 3 months | — |
| Dec 29, 2015 | Feb 9, 2016 | -30.5% | 42 days | May 10, 2016 | 91 daysabout 3 months | — |
| Sep 4, 2018 | Dec 24, 2018 | -34.1% | 111 daysabout 4 months | Feb 4, 2020 | 407 daysabout 13 months | Late-2018 selloff |
| Feb 19, 2020 | Mar 12, 2020 | -22.7% | 22 days | Apr 14, 2020 | 33 days | COVID-19 selloff |
| Jul 8, 2021 | Dec 28, 2022 | -56.1% | 538 daysabout 18 months | Apr 11, 2024 | 470 daysabout 15 months | 2022 rate-hike bear market |
| Feb 4, 2025 | Apr 21, 2025 | -30.9% | 76 days | Oct 31, 2025 | 193 daysabout 6 months | April 2025 tariff selloff |
| Nov 3, 2025 | Feb 13, 2026 | -21.7% | 102 daysabout 3 months | Apr 22, 2026 | 68 days | — |
Our AMZN data runs from Apr 26, 2012 to Oct 30, 2026. Highs set before that date still count, so a decline that was already under way on the first day is shown from its low in our data and marked as such. Days are calendar days. The backdrop column names a period only where both the peak and the low fall inside a very well-known market episode.
What the history shows
- -The deepest decline was 56.1%, from Jul 8, 2021 to a low on Dec 28, 2022.
- -The fastest 20%+ fall took 22 days (22.7%, February 2020 to March 2020).
- -Completed recoveries took a median of 112 days (about 4 months) from trough to a new high, ranging from 33 days to 470 days (about 15 months).
- -Every 20%+ decline in our data had recovered to a new high as of Oct 30, 2026.
A fall of 20% or more from a high is the usual rule of thumb for a bear market, and single stocks have them far more often than broad indexes. These figures describe what happened to AMZN in the past. They do not predict what comes next and are not advice to buy or sell. Learn more in What Is a Drawdown? and Drawdowns vs Corrections vs Bear Markets.
Frequently Asked Questions
What is Amazon's worst drawdown since April 2012?
The deepest decline in our data, which starts in April 2012, took Amazon 56.1% below its prior high. It peaked on Jul 8, 2021, bottomed on Dec 28, 2022 (538 days (about 18 months) later), and closed back at its prior high on Apr 11, 2024, 470 days (about 15 months) after the trough.
How many times has AMZN fallen 20% or more?
In our data, which runs from April 2012 to Oct 30, 2026, Amazon (AMZN) has had 8 drawdowns of 20% or more, and 4 of them reached 30% or more. That is 8 episodes in about 15 years of data. The first one was already under way when the data starts, so it is counted from the low shown in the table rather than from its original peak.
How long does AMZN take to recover from a 20% drawdown?
Measured from the trough to the first close back at the prior high, Amazon's completed 20%+ drawdowns took a median of 112 days (about 4 months). The quickest was 33 days (February 2020 to March 2020) and the slowest was 470 days (about 15 months) (July 2021 to December 2022). Past recovery times describe what happened, not what will happen next.
How far is AMZN below its high right now?
As of Oct 30, 2026, Amazon (AMZN) is 15.4% below its high, and has been below it for 63 days. This page is rebuilt from our daily data, and the live figure is on the AMZN ticker page.
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