A 
Amazon.com AMZN · USD
Consumer Discretionary · Internet & Direct Marketing Retail · US listing · 🇺🇸 United States
S&P 500Nasdaq-100Dow Jones
259.30
-0.35%
Close of 6 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$716.92bn
FY2016FY2025
Net income
$77.67bn
FY2016FY2025
Free cash flow
$7.70bn
FY2016FY2025
Shareholders' equity
$411.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $716.92bn | $637.96bn | $574.78bn | $513.98bn | $469.82bn | $386.06bn | $280.52bn | $232.89bn | $177.87bn | $135.99bn |
| Research and development | $108.52bn | $88.54bn | $85.62bn | $73.21bn | $56.05bn | $42.74bn | $35.93bn | $28.84bn | $22.62bn | $16.09bn |
| Operating income | $79.97bn | $68.59bn | $41.24bn | $12.25bn | $41.32bn | $23.99bn | $14.54bn | $12.42bn | $4.11bn | $4.19bn |
| Net income | $77.67bn | $59.25bn | $30.43bn | −$2.72bn | $33.36bn | $21.33bn | $11.59bn | $10.07bn | $3.03bn | $2.37bn |
| Diluted earnings per share | 7.15 | 5.50 | 2.87 | -0.27 | 3.23 | 2.08 | 1.15 | 1.01 | 0.31 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $818.04bn | $624.89bn | $527.85bn | $462.68bn | $420.55bn | $321.19bn | $225.25bn | $162.65bn | $131.31bn | $83.40bn |
| Cash and short-term investments | $123.03bn | $101.20bn | $86.78bn | $70.03bn | $96.05bn | $84.40bn | $55.02bn | $41.25bn | $30.99bn | $25.98bn |
| Total liabilities | $406.98bn | $338.92bn | $325.98bn | $316.63bn | $282.30bn | $227.79bn | $163.19bn | $119.10bn | $103.60bn | $64.12bn |
| Debt | $65.65bn | $75.81bn | $85.94bn | $100.90bn | $81.43bn | $65.64bn | $51.70bn | $49.29bn | $44.15bn | $20.41bn |
| Shareholders' equity | $411.06bn | $285.97bn | $201.88bn | $146.04bn | $138.25bn | $93.40bn | $62.06bn | $43.55bn | $27.71bn | $19.29bn |
| Shares outstanding | 10,863m | 10,771m | 10,610m | 10,242m | 10,320m | 10,260m | 10,100m | 10,020m | 9,920m | 9,720m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $139.51bn | $115.88bn | $84.95bn | $46.75bn | $46.33bn | $66.06bn | $38.51bn | $30.72bn | $18.36bn | $17.20bn |
| Capital spending | −$131.82bn | −$83.00bn | −$52.73bn | −$63.65bn | −$61.05bn | −$40.14bn | −$16.86bn | −$13.43bn | −$11.96bn | −$7.80bn |
| Free cash flow | $7.70bn | $32.88bn | $32.22bn | −$16.89bn | −$14.73bn | $25.92bn | $21.65bn | $17.30bn | $6.41bn | $9.40bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $200.61bn | $181.52bn | $213.39bn | $180.17bn | $167.70bn | $155.67bn | $187.79bn | $158.88bn |
| Operating income | $27.46bn | $23.85bn | $24.98bn | $17.42bn | $19.17bn | $18.41bn | $21.20bn | $17.41bn |
| Net income | $62.65bn | $30.25bn | $21.19bn | $21.19bn | $18.16bn | $17.13bn | $20.00bn | $15.33bn |
| Diluted earnings per share | 5.75 | 2.77 | 1.95 | 1.95 | 1.67 | 1.58 | 1.86 | 1.42 |
| Cash from operations | $45.39bn | $26.03bn | $54.46bn | $35.52bn | $32.52bn | $17.02bn | $45.64bn | $25.97bn |
| Capital spending | −$54.21bn | −$44.20bn | −$39.52bn | −$35.09bn | −$32.18bn | −$25.02bn | −$27.83bn | −$22.62bn |
| Free cash flow | −$8.82bn | −$18.17bn | $14.94bn | $430.0m | $332.0m | −$8.00bn | $17.80bn | $3.35bn |
| Total assets | $1.10trn | $916.63bn | $818.04bn | $727.92bn | $682.17bn | $643.26bn | $624.89bn | $584.63bn |
| Cash and short-term investments | $122.99bn | $143.09bn | $123.03bn | $94.20bn | $93.18bn | $94.56bn | $101.20bn | $88.05bn |
| Debt | — | $119.07bn | $66.10bn | $68.48bn | $50.89bn | $69.57bn | $69.10bn | $77.47bn |
| Shareholders' equity | $551.62bn | $441.91bn | $411.06bn | $369.63bn | $333.77bn | $305.87bn | $285.97bn | $259.15bn |
Financial ratios
Data as of 27 Aug 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 11.2% | 10.8% | 7.2% | 2.4% | 8.8% | 6.2% |
| Net margin | 10.8% | 9.3% | 5.3% | -0.5% | 7.1% | 5.5% |
| Return on equity | 18.9% | 20.7% | 15.1% | -1.9% | 24.1% | 22.8% |
| Return on assets | 9.5% | 9.5% | 5.8% | -0.6% | 7.9% | 6.6% |
| Free cash flow yield | 9.6% | 7.1% | 5.0% | 4.1% | 4.0% | 4.0% |
| Revenue growth | 12.4% | 11.0% | 11.8% | 9.4% | 21.7% | 37.6% |
| Earnings growth | 31.1% | 94.7% | -1217.7% | -108.2% | 56.4% | 84.1% |
| Current ratio | 1.05x | 1.06x | 1.05x | 0.94x | 1.14x | 1.05x |
| Debt to equity | 0.16x | 0.18x | 0.38x | 0.56x | 0.47x | 0.51x |
| Equity ratio | 50.2% | 45.8% | 38.2% | 31.6% | 32.9% | 29.1% |
| Interest coverage | 35.17x | 28.51x | 12.96x | 5.17x | 22.84x | 14.57x |
| R&D as a share of sales | 15.1% | 13.9% | 14.9% | 14.2% | 11.9% | 11.1% |
| Buybacks as a share of market value | -0.9% | -1.5% | -3.6% | 0.8% | -0.6% | -1.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.7% | 13.2% | 21.0% |
| Operating income | 86.9% | 27.2% | 43.0% |
| Net income | — | 29.5% | 62.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.0% | 8.3% | 8.1% | 7.2% |
| Net margin | 10.1% | 6.7% | 6.6% | 5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.3 | 39.9 | 53.0 | -316.1 | 51.6 | 78.3 | 80.5 | 74.7 | 191.3 | 153.7 |
| Price to sales | 3.5 | 3.7 | 2.8 | 1.7 | 3.7 | 4.3 | 3.3 | 3.2 | 3.3 | 2.7 |
Market value over time
30 Sept 2016 to 17 Aug 2026, in USD
$406.10bn$2.85trn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 3% | 43% | 81% | -49% | 4% | 79% | 22% | 24% | 53% | 21% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-for-1 split · 6 Jun 2022
- 2-for-1 split · 2 Sept 1999
- 3-for-1 split · 5 Jan 1999
- 2-for-1 split · 2 Jun 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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