Sign in

AMAZON COM INC

AMZN· Nasdaq· Retail-Catalog & Mail-Order Houses

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
1.1%
ROIC, 5 yr avg
–
Revenue, 5 yr CAGR
+13.2%
We record prices for the companies we cover; AMZN is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2025

Market cap
–
Enterprise value
–
Diluted shares
10.83B
Revenue
$716.9B
Free cash flow
$7.7B
Owner earnings
-$11.8B

Valuation · FY2025

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2025

Gross
–
Operating
11.2%
Net
10.8%
Free cash flow
1.1%
Owner earnings
-1.6%
Stock pay
2.7%

Returns

ROIC, FY2025
18.0%
ROIC, 5 yr avg
–
ROE, FY2025
18.9%
ROE, 5 yr avg
15.4%

Growth (CAGR)

Revenue, 3 yr
11.7%
Revenue, 5 yr
13.2%
Revenue, 9 yr
20.3%
Diluted EPS, 3 yr
–
Diluted EPS, 5 yr
28.0%
Diluted EPS, 9 yr
45.5%
Free cash flow, 3 yr
–
Free cash flow, 5 yr
-21.6%
Free cash flow, 9 yr
-3.4%

Financial health · FY2025

Cash and investments
$123.0B
Total debt
$68.9B
Net cash
$54.2B
Debt/Equity
0.2x
Debt/FCF
8.9x

Shareholder returns · FY2025

Dividend yield
–
Payout ratio
–
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
1.2%

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$716.9B

+20.3% a year over 9 years

FY2016: Revenue $136.0BFY2017: Revenue $177.9BFY2018: Revenue $232.9BFY2019: Revenue $280.5BFY2020: Revenue $386.1BFY2021: Revenue $469.8BFY2022: Revenue $514.0BFY2023: Revenue $574.8BFY2024: Revenue $638.0BFY2025: Revenue $716.9B
FY2016FY2025

Margins

Operating11.2%Net10.8%

FY2025

FY2016: Operating 3.1%, Net 1.7%FY2017: Operating 2.3%, Net 1.7%FY2018: Operating 5.3%, Net 4.3%FY2019: Operating 5.2%, Net 4.1%FY2020: Operating 5.9%, Net 5.5%FY2021: Operating 5.3%, Net 7.1%FY2022: Operating 2.4%, Net -0.5%FY2023: Operating 6.4%, Net 5.3%FY2024: Operating 10.8%, Net 9.3%FY2025: Operating 11.2%, Net 10.8%
FY2016FY2025

Free cash flow and owner earnings

Free cash flow$7.7BOwner earnings-$11.8B

Free cash flow -3.4% a year

FY2016: Free cash flow $10.5B, Owner earnings $7.5BFY2017: Free cash flow $6.4B, Owner earnings $2.2BFY2018: Free cash flow $17.3B, Owner earnings $11.9BFY2019: Free cash flow $21.7B, Owner earnings $14.8BFY2020: Free cash flow $25.9B, Owner earnings $16.7BFY2021: Free cash flow -$14.7B, Owner earnings -$27.5BFY2022: Free cash flow -$16.9B, Owner earnings -$36.5BFY2023: Free cash flow $32.2B, Owner earnings $8.2BFY2024: Free cash flow $32.9B, Owner earnings $10.9BFY2025: Free cash flow $7.7B, Owner earnings -$11.8B
FY2016FY2025

Diluted shares

10.83B

+11.8% over 9 years, net dilution

FY2016: Diluted shares 9.68BFY2017: Diluted shares 9.86BFY2018: Diluted shares 10.00BFY2019: Diluted shares 10.08BFY2020: Diluted shares 10.20BFY2021: Diluted shares 10.30BFY2022: Diluted shares 10.19BFY2023: Diluted shares 10.49BFY2024: Diluted shares 10.72BFY2025: Diluted shares 10.83B
FY2016FY2025

Return on invested capital

18.0%

FY2025

FY2016: ROIC 129.2%FY2017: ROIC 15.2%FY2018: ROIC 40.9%FY2019: ROIC 38.0%FY2020: ROIC 48.1%FY2021: ROIC 23.5%FY2022: ROIC –FY2023: ROIC 16.4%FY2024: ROIC 24.5%FY2025: ROIC 18.0%
FY2016FY2025

Net cash

$54.2B

$54.2B more cash than debt

FY2016: Net cash $17.2BFY2017: Net cash $6.1BFY2018: Net cash $16.4BFY2019: Net cash $30.3BFY2020: Net cash $51.4BFY2021: Net cash $45.8BFY2022: Net cash -$123.0MFY2023: Net cash $19.8BFY2024: Net cash $43.4BFY2025: Net cash $54.2B
FY2016FY2025

Every figure, year by year

Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
The business
Revenue$136.0B$177.9B$232.9B$280.5B$386.1B$469.8B$514.0B$574.8B$638.0B$716.9B
Revenue growth27.1%30.8%30.9%20.5%37.6%21.7%9.4%11.8%11.0%12.4%
Gross margin––––––––––
Operating margin3.1%2.3%5.3%5.2%5.9%5.3%2.4%6.4%10.8%11.2%
Net income$2.4B$3.0B$10.1B$11.6B$21.3B$33.4B-$2.7B$30.4B$59.2B$77.7B
Net margin1.7%1.7%4.3%4.1%5.5%7.1%-0.5%5.3%9.3%10.8%
Diluted EPS$0.25s$0.31s$1.01s$1.15s$2.09$3.24$-0.27$2.90$5.53$7.17
Return on invested capital?129.2%15.2%40.9%38.0%48.1%23.5%–16.4%24.5%18.0%
Cash
Operating cash flow$17.2B$18.4B$30.7B$38.5B$66.1B$46.3B$46.8B$84.9B$115.9B$139.5B
Capital expenditure$6.7B$12.0B$13.4B$16.9B$40.1B$61.1B$63.6B$52.7B$83.0B$131.8B
Free cash flow$10.5B$6.4B$17.3B$21.7B$25.9B-$14.7B-$16.9B$32.2B$32.9B$7.7B
Stock-based compensation$3.0B$4.2B$5.4B$6.9B$9.2B$12.8B$19.6B$24.0B$22.0B$19.5B
Owner earnings?$7.5B$2.2B$11.9B$14.8B$16.7B-$27.5B-$36.5B$8.2B$10.9B-$11.8B
Free cash flow per share$1.08$0.65$1.73$2.15$2.54$-1.43$-1.66$3.07$3.07$0.71
Capital allocation
Dividends paid––––––––––
Share repurchases––––$0$0$6.0B$0$0–
Diluted shares9.68Bs9.86Bs10.00Bs10.08Bs10.20B10.30B10.19B10.49B10.72B10.83B
Share count change?1.5%1.9%1.4%0.8%1.2%1.0%-1.0%3.0%2.2%1.0%
Balance sheet
Cash and equivalents$19.3B$20.5B$31.8B$36.1B$42.1B$36.2B$53.9B$73.4B$78.8B$86.8B
Short-term investments$6.6B$10.5B$9.5B$18.9B$42.3B$59.8B$16.1B$13.4B$22.4B$36.2B
Total debt$8.8B$24.8B$24.9B$24.7B$33.0B$50.2B$70.1B$67.0B$57.8B$68.9B
Net debt-$17.2B-$6.1B-$16.4B-$30.3B-$51.4B-$45.8B$123.0M-$19.8B-$43.4B-$54.2B
Shareholders' equity$19.3B$27.7B$43.5B$62.1B$93.4B$138.2B$146.0B$201.9B$286.0B$411.1B

Latest filings

All on EDGAR
2026-10-3010-QQuarterly report
2026-10-298-KEarnings release
2026-07-3110-QQuarterly report
2026-07-308-KEarnings release
2026-04-3010-QQuarterly report
2026-04-298-KEarnings release
2026-04-09DEF 14AProxy statement
2026-02-0610-KAnnual report
2026-02-058-KEarnings release
2025-10-3110-QQuarterly report

More from our coverage

All coverage