AMZN · Amazon Com Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $716.92B | $637.96B | $574.78B | $513.98B | $469.82B | $386.06B |
| Cost of Revenue | $356.41B | $326.29B | $304.74B | $288.83B | $272.34B | $233.31B |
| Gross Profit | $360.51B | $311.67B | $270.05B | $225.15B | $197.48B | $152.76B |
| R&D | - | - | - | - | - | - |
| SG&A | $11.17B | $11.36B | $11.82B | $11.89B | $8.82B | $6.67B |
| Total Operating Expenses | $636.95B | $569.37B | $537.93B | $501.74B | $444.94B | $363.17B |
| D&A | $65.76B | $52.80B | $48.66B | $41.92B | $34.30B | $25.25B |
| Operating Income | $79.97B | $68.59B | $36.85B | $12.25B | $24.88B | $22.90B |
| Interest Expense | $2.27B | $2.41B | $3.18B | $2.37B | $1.81B | $1.65B |
| Income Tax | $19.09B | $9.27B | $7.12B | ($3.22B) | $4.79B | $2.86B |
| Net Income | $77.67B | $59.25B | $30.43B | ($2.72B) | $33.36B | $21.33B |
| EPS - Basic | $7.29 | $5.66 | $2.95 | ($0.27) | $3.30 | $2.13 |
| EPS - Diluted | $7.17 | $5.53 | $2.90 | ($0.27) | $3.24 | $2.09 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $86.81B | $78.78B | $73.39B | $53.89B | $36.22B | $42.12B |
| Accounts Receivable | $67.73B | $55.45B | $52.25B | $42.36B | $32.89B | $24.54B |
| Inventory | $38.33B | $34.21B | $33.32B | $34.41B | $32.64B | $23.80B |
| Accounts Payable | $121.91B | $94.36B | $84.98B | $79.60B | $78.66B | $72.54B |
| Current Assets | $229.08B | $190.87B | $172.35B | $146.79B | $161.58B | $132.73B |
| Total Assets | $818.04B | $624.89B | $527.85B | $462.68B | $420.55B | $321.19B |
| Current Liabilities | $218.00B | $179.43B | $164.92B | $155.39B | $142.27B | $126.39B |
| Long-term Debt | $65.65B | $52.62B | $58.31B | $67.15B | $48.74B | $31.82B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $411.06B | $285.97B | $201.88B | $146.04B | $138.25B | $93.40B |
| Retained Earnings | $250.54B | $172.87B | $113.62B | $83.19B | $85.92B | $52.55B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $139.51B | $115.88B | $84.95B | $46.75B | $46.33B | $66.06B |
| Investing Cash Flow | ($142.54B) | ($94.34B) | ($49.83B) | ($37.60B) | ($58.15B) | ($59.61B) |
| Financing Cash Flow | $9.66B | ($11.81B) | ($15.88B) | $9.72B | $6.29B | ($1.10B) |
| CapEx | $131.82B | $83.00B | $52.73B | $63.65B | $61.05B | $40.14B |
| Free Cash Flow | $7.70B | $32.88B | $32.22B | ($16.89B) | ($14.73B) | $25.92B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 50.3% | 48.9% | 47.0% | 43.8% | 42.0% | 39.6% |
| Operating margin | 11.2% | 10.8% | 6.4% | 2.4% | 5.3% | 5.9% |
| EBITDA margin | 20.3% | 19.0% | 14.9% | 10.5% | 12.6% | 12.5% |
| Net margin | 10.8% | 9.3% | 5.3% | -0.5% | 7.1% | 5.5% |
| Free cash flow margin | 1.1% | 5.2% | 5.6% | -3.3% | -3.1% | 6.7% |
| FCF / Net income | 0.10 | 0.55 | 1.06 | 6.21 | -0.44 | 1.22 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 1.6% | 1.8% | 2.1% | 2.3% | 1.9% | 1.7% |
| Effective tax rate | 19.7% | 13.5% | 19.0% | - | 12.6% | 11.8% |
| Return on assets | 9.5% | 9.5% | 5.8% | -0.6% | 7.9% | 6.6% |
| Return on equity | 18.9% | 20.7% | 15.1% | -1.9% | 24.1% | 22.8% |
| Return on invested capital | 13.5% | 17.5% | 11.5% | 4.5% | 11.6% | 16.1% |
| Liquidity | ||||||
| Current ratio | 1.05 | 1.06 | 1.05 | 0.94 | 1.14 | 1.05 |
| Quick ratio | 0.88 | 0.87 | 0.84 | 0.72 | 0.91 | 0.86 |
| Cash ratio | 0.40 | 0.44 | 0.44 | 0.35 | 0.25 | 0.33 |
| Leverage | ||||||
| Debt / Equity | 0.16 | 0.18 | 0.29 | 0.46 | 0.35 | 0.34 |
| Debt / Assets | 0.08 | 0.08 | 0.11 | 0.15 | 0.12 | 0.10 |
| Debt / EBITDA | 0.45 | 0.43 | 0.68 | 1.24 | 0.82 | 0.66 |
| Interest coverage | 35.2x | 28.5x | 11.6x | 5.2x | 13.8x | 13.9x |
| Equity multiplier | 1.99 | 2.19 | 2.61 | 3.17 | 3.04 | 3.44 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.88 | 1.02 | 1.09 | 1.11 | 1.12 | 1.20 |
| Inventory turnover | 9.30 | 9.54 | 9.15 | 8.40 | 8.34 | 9.80 |
| Days sales outstanding | 34d | 32d | 33d | 30d | 26d | 23d |
| Days inventory outstanding | 39d | 38d | 40d | 43d | 44d | 37d |
| Days payable outstanding | 125d | 106d | 102d | 101d | 105d | 113d |
| Cash conversion cycle | -51d | -36d | -29d | -27d | -36d | -53d |
| Valuation | ||||||
| P / E | 32.2x | 39.7x | 52.4x | - | 51.4x | 77.9x |
| P / B | 6.1x | 8.2x | 7.9x | 5.9x | 0.6x | 0.9x |
| P / S | 3.5x | 3.7x | 2.8x | 1.7x | 0.2x | 0.2x |
| EV / EBITDA | 17.0x | 19.2x | 18.5x | 16.0x | 1.7x | 1.5x |
| Growth | ||||||
| Revenue growth (YoY) | 12.4% | 11.0% | 11.8% | 9.4% | 21.7% | 37.6% |
| Revenue CAGR (3y) | 11.7% | 10.7% | 14.2% | 22.4% | 51.2% | 29.5% |
| Revenue CAGR (5y) | 13.2% | 17.9% | 33.4% | 23.6% | 28.1% | 29.3% |
| Gross profit growth (YoY) | 15.7% | 15.4% | 19.9% | 14.0% | 29.3% | 32.8% |
| Operating income growth (YoY) | 16.6% | 86.1% | 200.9% | -50.8% | 8.6% | 57.5% |
| Net income growth (YoY) | 31.1% | 94.7% | - | - | 56.4% | 84.1% |
| EPS growth (YoY) | 29.7% | 90.7% | - | - | 54.9% | -90.9% |
| EPS CAGR (3y) | - | 19.5% | 11.5% | - | -45.6% | -30.2% |
| EPS CAGR (5y) | 27.9% | -24.8% | -32.1% | - | -7.9% | 10.8% |
| FCF growth (YoY) | -76.6% | 2.1% | - | -14.7% | - | 19.7% |
| FCF CAGR (5y) | -21.6% | 8.7% | 7.0% | - | - | 28.7% |
| Book value growth (YoY) | 43.7% | 41.7% | 38.2% | 5.6% | 48.0% | 50.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$716.92B totalNorth America Segment$426.31B · 59.5%
International Segment$161.89B · 22.6%
Amazon Web Services Segment$128.72B · 18.0%
Product / service
$1433.85B totalService$420.66B · 29.3%
Product$296.27B · 20.7%
Online Stores$269.29B · 18.8%
Third Party Seller Services$172.16B · 12.0%
Amazon Web Services$128.72B · 9.0%
Advertising$68.64B · 4.8%
Subscription Services$49.62B · 3.5%
Physical Stores$22.56B · 1.6%
Other Services$5.93B · 0.4%
Geographic
$716.92B totalUS$489.66B · 68.3%
Non Us$107.47B · 15.0%
DE$45.90B · 6.4%
GB$43.21B · 6.0%
JP$30.69B · 4.3%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Retail-Catalog & Mail-Order Houses
Comparing AMAZON COM INC against the 5 most active filers in the same SIC group.