NASDAQ : AMZN
Amazon.com, Inc. — Financial statements
Consumer Discretionary · Internet Retail · United States
Last price 240.35 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.60T
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Financial statements
Amazon.com, Inc. (AMZN) reported revenue of 797.46B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 797.46B | 716.92B | 637.96B | 574.78B | 513.98B | 469.82B |
| Cost of Revenue | 387.77B | 356.41B | 326.29B | 304.74B | 288.83B | 272.34B |
| Gross Profit | 409.68B | 360.51B | 311.67B | 270.05B | 225.15B | 197.48B |
| Selling, General & Admin | 178.70B | 167.38B | 153.77B | 146.81B | 138.43B | 116.48B |
| Research & Development | 124.69B | 108.52B | 88.54B | 85.62B | 73.21B | 56.05B |
| Other Operating Expenses | 1.93B | 4.64B | 763.00M | 767.00M | 163.00M | 62.00M |
| Operating Expenses | 305.32B | 280.54B | 243.08B | 233.19B | 211.80B | 172.60B |
| Operating Income | 104.37B | 79.97B | 68.59B | 36.85B | 13.35B | 24.88B |
| Interest Expense | -4.48B | -2.27B | -2.41B | -3.18B | -2.37B | -1.81B |
| Interest & Investment Income | 4.75B | 4.38B | 4.68B | 2.95B | 989.00M | 448.00M |
| Earnings From Equity Investments | -501.00M | -554.00M | -101.00M | -12.00M | -3.00M | 4.00M |
| Currency Exchange Gain (Loss) | 523.00M | 19.00M | -408.00M | 65.00M | -340.00M | -55.00M |
| Other Non Operating Income (Expenses) | -145.00M | -91.00M | -414.00M | -112.00M | -540.00M | -19.00M |
| EBT Excluding Unusual Items | 104.51B | 81.46B | 69.94B | 36.56B | 11.09B | 23.45B |
| Gain (Loss) on Sale of Investments | 69.16B | 15.30B | -1.43B | 985.00M | -15.93B | 14.71B |
| Asset Writedown | -1.10B | |||||
| Pretax Income | 173.66B | 96.76B | 68.51B | 37.55B | -5.94B | 38.16B |
| Income Tax Expense | 38.88B | 19.09B | 9.27B | 7.12B | -3.22B | 4.79B |
| Net Income | 134.78B | 77.67B | 59.25B | 30.43B | -2.72B | 33.36B |
| Net Income to Common | 134.78B | 77.67B | 59.25B | 30.43B | -2.72B | 33.36B |
| Shares Outstanding (Basic) | 10.76B | 10.66B | 10.47B | 10.30B | 10.19B | 10.12B |
| Shares Outstanding (Diluted) | 10.89B | 10.83B | 10.72B | 10.49B | 10.19B | 10.30B |
| EPS (Basic) | 12.53 | 7.29 | 5.66 | 2.95 | -0.27 | 3.30 |
| EPS (Diluted) | 12.37 | 7.17 | 5.53 | 2.90 | -0.27 | 3.24 |
| Free Cash Flow | -46.89B | 7.70B | 32.88B | 32.22B | -16.89B | -14.73B |
| Free Cash Flow Per Share | -4.30 | 0.71 | 3.07 | 3.07 | -1.66 | -1.43 |
| Gross Margin | 51.37% | 50.29% | 48.85% | 46.98% | 43.80% | 42.03% |
| Operating Margin | 13.09% | 11.15% | 10.75% | 6.41% | 2.60% | 5.29% |
| Profit Margin | 16.90% | 10.83% | 9.29% | 5.29% | -0.53% | 7.10% |
| Free Cash Flow Margin | -5.88% | 1.07% | 5.15% | 5.61% | -3.29% | -3.13% |
| EBITDA | 183.72B | 145.73B | 121.39B | 85.52B | 55.27B | 59.31B |
| EBITDA Margin | 23.04% | 20.33% | 19.03% | 14.88% | 10.75% | 12.62% |
| D&A For EBITDA | 79.35B | 65.76B | 52.80B | 48.66B | 41.92B | 34.43B |
| EBIT | 104.37B | 79.97B | 68.59B | 36.85B | 13.35B | 24.88B |
| EBIT Margin | 13.09% | 11.15% | 10.75% | 6.41% | 2.60% | 5.29% |
| Effective Tax Rate | 22.39% | 19.73% | 13.52% | 18.96% | 12.56% | |
| Revenue as Reported | 797.46B | 716.92B | 637.96B | 574.78B | 513.98B | 469.82B |
| Advertising Expenses | 23.50B | 21.40B | 20.30B | 20.60B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 55.78B | 86.81B | 78.78B | 73.39B | 53.89B | 36.22B |
| Short-Term Investments | 58.44B | 36.22B | 22.42B | 13.39B | 16.14B | 59.83B |
| Cash & Short-Term Investments | 114.23B | 123.03B | 101.20B | 86.78B | 70.03B | 96.05B |
| Accounts Receivable | 81.40B | 56.30B | 45.90B | 42.60B | 36.20B | 25.50B |
| Other Receivables | 8.98B | 4.73B | 3.00B | 3.76B | 1.30B | 7.15B |
| Receivables | 90.38B | 61.03B | 48.90B | 46.36B | 37.50B | 32.65B |
| Inventory | 42.63B | 38.33B | 34.21B | 33.32B | 34.41B | 32.64B |
| Prepaid Expenses | 7.50B | 6.40B | 6.30B | 5.40B | 4.50B | |
| Restricted Cash | 363.00M | 300.00M | 247.00M | 497.00M | 358.00M | 242.00M |
| Total Current Assets | 255.10B | 229.08B | 190.87B | 172.35B | 146.79B | 161.58B |
| Property, Plant & Equipment | 605.77B | 443.08B | 328.81B | 276.69B | 252.84B | 216.36B |
| Long-Term Investments | 148.40B | 19.56B | 4.89B | 3.57B | 2.81B | 4.00B |
| Goodwill | 23.74B | 23.27B | 23.07B | 22.79B | 20.29B | 15.37B |
| Other Intangible Assets | 9.20B | 8.60B | 7.69B | 6.10B | 5.11B | |
| Other Long-Term Assets | 187.88B | 93.85B | 68.66B | 44.77B | 33.85B | 18.12B |
| Total Assets | 1.24T | 818.04B | 624.89B | 527.85B | 462.68B | 420.55B |
| Accounts Payable | 158.72B | 121.91B | 94.36B | 84.98B | 79.60B | 78.66B |
| Accrued Expenses | 53.97B | 50.56B | 42.76B | 38.65B | 32.75B | 28.41B |
| Short-Term Debt | 380.00M | 455.00M | 151.00M | 147.00M | 8.00B | 1.04B |
| Current Portion of Long-Term Debt | 7.25B | 3.11B | 5.33B | 8.77B | 3.27B | 1.69B |
| Current Portion of Leases | 15.96B | 14.20B | 11.92B | 10.45B | 11.86B | 14.43B |
| Current Unearned Revenue | 21.71B | 26.18B | 23.50B | 20.53B | 18.63B | 17.03B |
| Other Current Liabilities | 1.60B | 1.40B | 1.40B | 1.30B | 1.00B | |
| Total Current Liabilities | 257.98B | 218.00B | 179.43B | 164.92B | 155.39B | 142.27B |
| Long-Term Debt | 182.43B | 73.45B | 59.72B | 64.91B | 73.85B | 54.94B |
| Long-Term Leases | 98.82B | 87.34B | 78.28B | 77.30B | 72.97B | 67.65B |
| Long-Term Unearned Revenue | 6.50B | 4.40B | 6.50B | 5.70B | 2.90B | 2.20B |
| Other Long-Term Liabilities | 84.06B | 23.79B | 14.99B | 13.15B | 11.52B | 15.24B |
| Total Liabilities | 629.79B | 406.98B | 338.92B | 325.98B | 316.63B | 282.30B |
| Common Stock | 113.00M | 112.00M | 111.00M | 109.00M | 108.00M | 106.00M |
| Additional Paid-In Capital | 154.92B | 140.02B | 120.86B | 99.03B | 75.07B | 55.44B |
| Retained Earnings | 364.12B | 250.54B | 172.87B | 113.62B | 83.19B | 85.92B |
| Treasury Stock | -7.84B | -7.84B | -7.84B | -7.84B | -7.84B | -1.84B |
| Comprehensive Income & Other | 102.28B | 28.23B | -34.00M | -3.04B | -4.49B | -1.38B |
| Shareholders' Equity | 613.60B | 411.06B | 285.97B | 201.88B | 146.04B | 138.25B |
| Total Liabilities & Equity | 1.24T | 818.04B | 624.89B | 527.85B | 462.68B | 420.55B |
| Total Debt | 304.84B | 178.55B | 155.40B | 161.57B | 169.94B | 139.76B |
| Net Cash (Debt) | -190.62B | -55.52B | -54.20B | -74.79B | -99.91B | -43.71B |
| Net Cash Per Share | -17.50 | -5.13 | -5.06 | -7.13 | -9.81 | -4.25 |
| Filing Date Shares Outstanding | 10.81B | 10.73B | 10.60B | 10.39B | 10.25B | 10.18B |
| Total Common Shares Outstanding | 10.81B | 10.73B | 10.59B | 10.38B | 10.24B | 10.18B |
| Working Capital | -2.88B | 11.08B | 11.44B | 7.43B | -8.60B | 19.31B |
| Book Value Per Share | 56.76 | 38.31 | 27.00 | 19.44 | 14.26 | 13.58 |
| Tangible Book Value | 589.86B | 378.60B | 254.29B | 171.40B | 119.66B | 117.77B |
| Tangible Book Value Per Share | 54.56 | 35.28 | 24.01 | 16.51 | 11.68 | 11.57 |
| Land | 155.12B | 123.04B | 105.29B | 91.65B | 81.10B | |
| Machinery | 301.41B | 218.89B | 185.04B | 157.46B | 128.68B | |
| Construction In Progress | 71.75B | 46.64B | 28.84B | 30.02B | 24.89B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 134.78B | 77.67B | 59.25B | 30.43B | -2.72B | 33.36B |
| Depreciation & Amortization | 79.35B | 65.76B | 52.80B | 48.66B | 41.92B | 34.43B |
| Stock-Based Compensation | 19.87B | 19.47B | 22.01B | 24.02B | 19.62B | 12.76B |
| Other Operating Activities | -32.67B | -3.41B | -2.64B | -6.62B | 8.82B | -14.62B |
| Change in Accounts Receivable | -21.56B | -7.33B | -3.25B | -8.35B | -8.62B | -9.14B |
| Change in Inventory | -1.61B | -3.00B | -1.88B | 1.45B | -2.59B | -9.49B |
| Change in Accounts Payable | 13.27B | 11.23B | 2.97B | 5.47B | 2.94B | 3.60B |
| Change in Unearned Revenue | 3.16B | -214.00M | 4.01B | 4.58B | 2.22B | 2.31B |
| Change in Other Net Operating Assets | -26.30B | -20.65B | -17.39B | -14.69B | -14.83B | -6.89B |
| Operating Cash Flow | 168.30B | 139.51B | 115.88B | 84.95B | 46.75B | 46.33B |
| Capital Expenditures | -215.19B | -131.82B | -83.00B | -52.73B | -63.65B | -61.05B |
| Sale of Property, Plant & Equipment | 4.54B | 3.50B | 5.34B | 4.60B | 5.32B | 5.66B |
| Cash Acquisitions | -65.16B | -3.84B | -7.08B | -5.84B | -8.32B | -1.99B |
| Investment in Securities | -28.53B | -10.38B | -9.60B | 4.14B | 29.04B | -773.00M |
| Investing Cash Flow | -304.34B | -142.54B | -94.34B | -49.83B | -37.60B | -58.15B |
| Short-Term Debt Issued | 9.32B | 5.14B | 18.13B | 41.55B | 7.96B | |
| Long-Term Debt Issued | 15.67B | 21.17B | 19.00B | |||
| Total Debt Issued | 152.91B | 24.99B | 5.14B | 18.13B | 62.72B | 26.96B |
| Short-Term Debt Repaid | -8.43B | -5.06B | -25.68B | -37.55B | -7.75B | |
| Long-Term Debt Repaid | -6.91B | -11.89B | -8.33B | -9.45B | -12.91B | |
| Total Debt Repaid | -28.77B | -15.33B | -16.95B | -34.01B | -47.00B | -20.67B |
| Net Debt Issued (Repaid) | 124.14B | 9.66B | -11.81B | -15.88B | 15.72B | 6.29B |
| Repurchase of Common Stock | -6.00B | |||||
| Financing Cash Flow | 124.14B | 9.66B | -11.81B | -15.88B | 9.72B | 6.29B |
| Foreign Exchange Rate Adjustments | 155.00M | 1.16B | -1.30B | 403.00M | -1.09B | -364.00M |
| Net Cash Flow | -11.75B | 7.79B | 8.42B | 19.64B | 17.78B | -5.90B |
| Free Cash Flow | -46.89B | 7.70B | 32.88B | 32.22B | -16.89B | -14.73B |
| Free Cash Flow Margin | -5.88% | 1.07% | 5.15% | 5.61% | -3.29% | -3.13% |
| Free Cash Flow Per Share | -4.30 | 0.71 | 3.07 | 3.07 | -1.66 | -1.43 |
| Levered Free Cash Flow | -34.73B | 23.79B | 45.56B | 45.48B | 695.12M | -968.25M |
| Unlevered Free Cash Flow | -31.93B | 25.21B | 47.06B | 47.46B | 2.17B | 162.38M |
| Cash Interest Paid | 3.26B | 1.95B | 2.36B | 3.11B | 2.14B | 1.77B |
| Cash Income Tax Paid | 6.81B | 8.29B | 12.31B | 11.18B | 6.04B | 3.69B |
| Change in Working Capital | -33.04B | -19.97B | -15.54B | -11.54B | -20.89B | -19.61B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.60T | 2.47T | 2.31T | 1.57T | 856.94B | 1.69T |
| Enterprise Value | 2.79T | 2.53T | 2.38T | 1.67T | 962.61B | 1.75T |
| Last Close Price | 240.35 | 230.82 | 219.39 | 151.94 | 84.00 | 166.72 |
| PE Ratio | 19.42 | 31.77 | 38.94 | 51.61 | 50.68 | |
| Forward PE | 24.26 | 31.01 | 37.45 | 45.35 | 60.23 | 84.83 |
| PS Ratio | 3.26 | 3.44 | 3.62 | 2.73 | 1.67 | 3.60 |
| PB Ratio | 4.23 | 6.00 | 8.07 | 7.78 | 5.87 | 12.23 |
| P/TBV Ratio | 4.41 | 6.52 | 9.07 | 9.16 | 7.16 | 14.36 |
| P/FCF Ratio | 320.67 | 70.17 | 48.74 | |||
| P/OCF Ratio | 15.44 | 17.69 | 19.91 | 18.48 | 18.33 | 36.50 |
| PEG Ratio | 1.03 | 1.81 | 1.69 | 1.68 | 1.95 | 3.34 |
| EV/Sales Ratio | 3.50 | 3.53 | 3.73 | 2.91 | 1.87 | 3.72 |
| EV/EBITDA Ratio | 15.18 | 17.39 | 19.59 | 19.55 | 17.42 | 29.48 |
| EV/EBIT Ratio | 26.73 | 31.68 | 34.66 | 45.37 | 72.12 | 70.27 |
| EV/FCF Ratio | 329.27 | 72.31 | 51.90 | |||
| Debt / Equity Ratio | 0.50 | 0.43 | 0.54 | 0.80 | 1.16 | 1.01 |
| Debt / EBITDA Ratio | 1.50 | 1.10 | 1.14 | 1.64 | 2.58 | 2.05 |
| Debt / FCF Ratio | 23.20 | 4.73 | 5.01 | |||
| Net Debt / Equity Ratio | 0.31 | 0.14 | 0.19 | 0.37 | 0.68 | 0.32 |
| Net Debt / EBITDA Ratio | 1.04 | 0.38 | 0.45 | 0.88 | 1.81 | 0.74 |
| Net Debt / FCF Ratio | -4.07 | 7.21 | 1.65 | 2.32 | -5.91 | -2.97 |
| Asset Turnover | 0.81 | 0.99 | 1.11 | 1.16 | 1.16 | 1.27 |
| Inventory Turnover | 9.22 | 9.83 | 9.66 | 9.00 | 8.62 | 9.65 |
| Quick Ratio | 0.79 | 0.84 | 0.84 | 0.81 | 0.69 | 0.91 |
| Current Ratio | 0.99 | 1.05 | 1.06 | 1.04 | 0.94 | 1.14 |
| Return on Equity (ROE) | 27.42% | 22.29% | 24.29% | 17.49% | -1.92% | 28.81% |
| Return on Assets (ROA) | 6.62% | 6.93% | 7.44% | 4.65% | 1.89% | 4.19% |
| Return on Invested Capital (ROIC) | 10.91% | 15.92% | 19.23% | 11.43% | 6.24% | 14.71% |
| Return on Capital Employed (ROCE) | 10.60% | 13.30% | 15.40% | 10.20% | 4.30% | 8.90% |
| Earnings Yield | 5.15% | 3.15% | 2.57% | 1.94% | -0.32% | 1.97% |
| FCF Yield | -1.80% | 0.31% | 1.43% | 2.05% | -1.97% | -0.87% |
| Buyback Yield / Dilution | -0.83% | -0.99% | -2.18% | -2.97% | 1.04% | -0.96% |