Overview
AMAZON COM INC
Latest 10-K: FY2025, filed Feb 6, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $716.92B
- 12.4%YoYup from FY2024
- TotalRevenue
- Gross profit
- $360.51B
- 15.7%YoYup from FY2024
- GrossProfit
- Operating income
- $79.97B
- 16.6%YoYup from FY2024
- OperatingIncome
- Net income
- $77.67B
- 31.1%YoYup from FY2024
- NetIncome
- Diluted EPS
- $7.17
- 29.7%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 10.83B
- 1.0%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- AMAZON COM INC reported revenue of $716.92B for fiscal 2025, up 12.4% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.
Profitability
- Operating margin was 11.2% and net margin was 10.8%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $7.17, up 29.7% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $716.92B12.4%up Benchmark median 6.4% | $637.96B11.0%up Benchmark median 4.5% | $574.78B11.8%up Benchmark median 4.8% | $513.98B9.4%up Benchmark median 10.3% | $469.82B21.7%up Benchmark median 13.8% | 11.1% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $360.51B15.7%up Benchmark median 6.8% | $311.67B15.4%up Benchmark median 5.5% | $270.05B19.9%up Benchmark median 5.2% | $225.15B14.0%up Benchmark median 8.3% | $197.48B29.3%up Benchmark median 15.7% | 16.2% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $79.97B16.6%up Benchmark median 7.3% | $68.59B86.1%up Benchmark median 7.4% | $36.85B200.9%up Benchmark median 4.9% | $12.25B50.8%down Benchmark median 7.5% | $24.88B8.6%up Benchmark median 23.5% | 33.9% Benchmark median 7.2% |
| Net Income | $77.67B31.1%up Benchmark median 4.8% | $59.25B94.7%up Benchmark median 5.7% | $30.43Bn/m Benchmark median 1.9% | negative: -$2.72B108.2%down Benchmark median 1.3% | $33.36B56.4%up Benchmark median 33.9% | 23.5% Benchmark median 4.1% |
| EPS (Diluted) | $7.1729.7%up Benchmark median 6.2% | $5.5390.7%up Benchmark median 7.9% | $2.90n/m Benchmark median 1.9% | negative: -$0.27108.3%down Benchmark median 1.5% | $3.2455.0%up Benchmark median 34.8% | 22.0% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $818.04B30.9%up Benchmark median 5.6% | $624.89B18.4%up Benchmark median 3.4% | $527.85B14.1%up Benchmark median 4.1% | $462.68B10.0%up Benchmark median 2.2% | $420.55B30.9%up Benchmark median 6.7% | 18.1% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — Benchmark median 4.4% |
| Stockholders' Equity | $411.06B43.7%up Benchmark median 6.8% | $285.97B41.7%up Benchmark median 5.4% | $201.88B38.2%up Benchmark median 7.3% | $146.04B5.6%up Benchmark median 2.5% | $138.25B48.0%up Benchmark median 9.0% | 31.3% Benchmark median 6.1% |
| Cash & Equivalents | $86.81B10.2%up Benchmark median 5.2% | $78.78B7.3%up Benchmark median 1.9% | $73.39B36.2%up Benchmark median 6.7% | $53.89B48.8%up Benchmark median -8.6% | $36.22B14.0%down Benchmark median -2.9% | 24.4% Benchmark median 2.0% |
| Total Debt | $68.85B19.1%up Benchmark median 2.1% | $57.79B13.7%down Benchmark median 0.2% | $66.95B4.6%down Benchmark median 0.3% | $70.15B39.6%up Benchmark median 0.1% | $50.23B52.4%up Benchmark median -0.1% | 8.2% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $139.51B20.4%up Benchmark median 6.3% | $115.88B36.4%up Benchmark median 4.8% | $84.95B81.7%up Benchmark median 9.9% | $46.75B0.9%up Benchmark median -0.7% | $46.33B29.9%down Benchmark median 10.7% | 31.7% Benchmark median 7.0% |
| Capital Expenditures | $131.82B58.8%up Benchmark median 5.4% | $83.00B57.4%up Benchmark median 2.8% | $52.73B17.2%down Benchmark median 11.3% | $63.65B4.2%up Benchmark median 14.0% | $61.05B52.1%up Benchmark median 8.1% | 21.2% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $7.70B76.6%down Benchmark median 7.3% | $32.88B2.1%up Benchmark median 6.1% | $32.22Bn/m Benchmark median 8.8% | negative: -$16.89Bn/m Benchmark median -11.3% | negative: -$14.73B156.8%down Benchmark median 10.2% | n/m Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
3.1%
Wall Street
on net earnings
FY2024 2.5%
0.3%
Value investor
on free cash flow
FY2024 1.4%
Gap −2.8 pts: Value-investor figure 2.8 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 32.2×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
6.0%
Wall Street
on EBITDA
FY2024 5.3%
3.4%
Value investor
on EBIT
FY2024 3.0%
Gap −2.6 pts: Value-investor figure 2.6 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 16.8×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
16.5%
Wall Street
on book equity
FY2024 12.2%
15.1%
Value investor
on tangible book
FY2024 10.8%
Gap −1.4 pts: Value-investor figure 1.4 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 6.1×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
20.3%
Wall Street
ROE: net income ÷ equity
FY2024 24.3%
13.3%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 16.9%
Gap −7.0 pts: Value-investor figure 7.0 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
19.3%
Wall Street
EBITDA margin
FY2024 19.0%
1.1%
Value investor
Free-cash-flow margin
FY2024 5.2%
Gap −18.2 pts: Value-investor figure 18.2 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.05×
Wall Street
Current ratio
FY2024 1.06×
0.88×
Value investor
Quick ratio, inventory excluded
FY2024 0.87×
Gap −0.17×: Value-investor figure 0.17 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
2.01×
Wall Street
EBITDA ÷ total debt
FY2024 2.10×
0.11×
Value investor
FCF ÷ total debt
FY2024 0.57×
Gap −1.90×: Value-investor figure 1.90 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net cashValue investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
60.9×
Wall Street
EBITDA ÷ interest
FY2024 50.5×
35.2×
Value investor
EBIT ÷ interest
FY2024 28.5×
Gap −25.7×: Value-investor figure 25.7 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on AMZN yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on AMZN and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/AMZN
Valuein. (2026, October 30). AMAZON COM INC (AMZN) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/AMZN
@misc{valuein_amzn_2026,
author = {{Valuein}},
title = {AMAZON COM INC (AMZN) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/AMZN}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 6, 2026 · accession 0001018724-26-000004
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point-in-time · survivorship-free · every number traceable to its SEC filing
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