Amazon

Consumer Discretionary Broadline Retail Seattle, Washington Last filing Feb 6, 2026 · FY2025

                    Revenue
                    FY2025
                
$716.9B
                    3y CAGR +11.7%
                    
                    P82
                    
                    +12.4%
                    
                    Net income
                    FY2025
                
$77.7B
                    Net margin +10.8%
                    
                    P69
                    
                    +31.1%
                    
                    Total assets
                    FY2025
                
$818.0B
                    ROA +9.5%
                    
                    P55
                    
                    +30.9%
                    
                    Operating cash flow
                    FY2025
                
$139.5B
                    FCF margin +1.1%
                    
                    P7
                    
                    +20.4%

19 yrs · FY2007–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 5 years

Total assets $818.0B

Total liabilities ~$407.0B

Shareholders equity $411.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+10.2%	+7.3%	+36.2%	+48.8%	—
Short Term Investments	+61.5%	+67.4%	-17.0%	-73.0%	—
Accounts Receivable	+22.1%	+6.1%	+23.4%	+28.8%	—
Inventory	+12.0%	+2.7%	-3.2%	+5.4%	—
Total Current Assets	+20.0%	+10.7%	+17.4%	-9.2%	—
Property,Plant and Equipment	+41.3%	+23.7%	+9.4%	+16.5%	—
Operating Lease Assets	+13.0%	+5.0%	+9.7%	+17.9%	—
Goodwill	+0.9%	+1.3%	+12.3%	+32.0%	—
Other Noncurrent Assets	+49.3%	+46.6%	+31.0%	+57.0%	—
Total Assets	+30.9%	+18.4%	+14.1%	+10.0%	—
Liabilities
Accounts Payable	+29.2%	+11.0%	+6.8%	+1.2%	—
Accrued Liabilities	+12.8%	+3.5%	+3.4%	+20.8%	—
Deferred Revenue	+13.7%	+18.9%	+15.1%	+11.8%	—
Total Current Liabilities	+21.5%	+8.8%	+6.1%	+9.2%	—
Long Term Debt	+24.8%	-9.8%	-13.2%	+37.8%	—
Other Noncurrent Liabilities	+15.4%	+4.0%	+9.2%	+3.1%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	+0.9%	+1.8%	+0.9%	+1.9%	—
Additional Paid In Capital	+15.9%	+22.1%	+31.9%	+35.4%	—
Retained Earnings	+44.9%	+52.1%	+36.6%	-3.2%	—
Treasury Stock	+0.0%	+0.0%	+0.0%	+326.6%	—
Accumulated Other Comprehensive Income	+83129.4%	+98.9%	+32.2%	-226.1%	—
Total Stockholders Equity	+43.7%	+41.7%	+38.2%	+5.6%	—
Total Liabilitiesand Equity	+30.9%	+18.4%	+14.1%	+10.0%	—

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $716.9B

Operating income $80.0B

Net income $77.7B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+12.4%	+11.0%	+11.8%	+9.4%	—
Expenses Cost of Revenue	+9.2%	+7.1%	+5.5%	+6.1%	—
Expenses Selling,General and Administrative	+5.5%	-1.6%	+3.8%	+30.8%	—
Expenses Other Operating Expenses	+18.3%	+6.1%	+11.5%	+21.0%	—
Other Income Expense Operating Income	+16.6%	+86.1%	+200.9%	-50.8%	—
Other Income Expense Interest Income	-6.3%	+58.6%	+198.2%	+120.8%	—
Other Income Expense Interest Expense	-5.5%	-24.4%	+34.4%	+30.8%	—
Other Income Expense Other Income/expense	+776.8%	-339.9%	+105.6%	-214.8%	—
Other Income Expense Income Before Tax	+41.8%	+82.7%	+732.7%	-115.6%	—
Income Tax Income Tax Expense	+106.0%	+30.1%	+321.3%	-167.1%	—
net Income Other Items Below Tax	-448.5%	-741.7%	-300.0%	-175.0%	—
net Income net Income	+31.1%	+94.7%	+1217.7%	-108.2%	—
net Income Comprehensive Income	+70.2%	+95.3%	+646.4%	-118.1%	—
Earnings Per Share Basic Eps	+28.8%	+91.9%	+1192.6%	-108.2%	—
Earnings Per Share Diluted Eps	+29.7%	+90.7%	+1174.1%	-108.3%	—
Earnings Per Share Weighted Average Shares Diluted	+1.0%	+2.2%	+3.0%	-1.0%	—

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $139.5B

Investing cash flow $-142.5B

Financing cash flow $9.7B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+31.1%	+94.7%	+1217.7%	-108.2%	—
Operating Activities Depreciation and Amortization	+24.5%	+8.5%	+16.1%	+21.7%	—
Operating Activities Stock Based Compensation	-11.6%	-8.4%	+22.4%	+53.8%	—
Operating Activities Deferred Income Taxes	+346.8%	+20.9%	+27.9%	-2528.4%	—
Operating Activities Changes In Operating Assets and Liabilities	-28.5%	-34.7%	+44.7%	-6.5%	—
Operating Activities Other Non Cash Items	-839.6%	+369.0%	-104.4%	+218.6%	—
Operating Activities net Cash From Operating Activities	+20.4%	+36.4%	+81.7%	+0.9%	—
Investing Activities Capital Expenditures	-58.8%	-57.4%	+17.2%	-4.2%	—
Investing Activities Business Acquisitions	+45.8%	-21.3%	+29.8%	-318.9%	—
Investing Activities Purchases of Investments	-110.6%	-1647.6%	+42.0%	+95.7%	—
Investing Activities Proceeds From Sale of Investments	+170.6%	+191.5%	-82.2%	-46.8%	—
Investing Activities Other Investing Activities	-34.5%	+16.2%	-13.7%	-5.9%	—
Investing Activities net Cash From Investing Activities	-51.1%	-89.3%	-32.5%	+35.3%	—
Financing Activities Proceeds From Debt	+386.1%	-71.6%	-71.1%	+132.6%	—
Financing Activities Repayment of Debt	+9.6%	+50.1%	+27.6%	-127.4%	—
Financing Activities net Cash From Financing Activities	+181.8%	+25.6%	-263.4%	+54.5%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+189.5%	-422.8%	+136.9%	-200.3%	—
Cash Reconciliation net Change In Cash	-7.5%	-57.1%	+10.5%	+401.3%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+50.3%	+48.9%	+47.0%	+43.8%	+42.0%
Operating margin	+11.2%	+10.8%	+6.4%	+2.4%	+5.3%
Net margin	+10.8%	+9.3%	+5.3%	-0.5%	+7.1%
FCF margin	+1.1%	+5.2%	+5.6%	-3.3%	-3.1%
Growth
Revenue CAGR (3y)	+11.7%	+10.7%	+14.2%	+22.4%	+26.4%
Returns
ROE	+18.9%	+20.7%	+15.1%	-1.9%	+24.1%
ROA	+9.5%	+9.5%	+5.8%	-0.6%	+7.9%
ROIC	+16.5%	+22.8%	+16.0%	+7.7%	+14.4%
Liquidity
Current ratio	1.05x	1.06x	1.05x	0.94x	1.14x
Quick ratio	0.71x	0.75x	0.76x	0.62x	0.49x
Leverage
D/E	0.99x	1.19x	1.61x	2.17x	2.04x
Interest coverage	35.17x	28.51x	11.58x	5.17x	13.75x
Efficiency
Asset turnover	0.88x	1.02x	1.09x	1.11x	1.12x
Cash conversion cycle	-51d	-36d	-29d	-27d	-36d

Valuation

Price against fundamentals

AMZN $222 · 2025-09-29 · 397d old · FY2025

Market cap $2.4T

P/E 30.97x

P/S 3.36x

P/B 5.85x

EV $2.4T

EV/EBITDA —

FCF yield +0.3%

Dividend yield —

Notes

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