Amazon

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

                    Revenue
                    FY2025
                
$716.9B
                    3y CAGR +11.7%
                    
                    P80
                    
                    +12.4%
                    
                    Net income
                    FY2025
                
$77.7B
                    Net margin +10.8%
                    
                    P64
                    
                    +31.1%
                    
                    Total assets
                    FY2025
                
$818.0B
                    ROA +9.5%
                    
                    P50
                    
                    +30.9%
                    
                    Operating cash flow
                    FY2025
                
$139.5B
                    
                    +20.4%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

34 accounts · 5 years

Total assets $818.0B

Total liabilities $218.0B

Shareholders equity $411.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$90.1B 9.5%	$82.3B 11.4%	$73.9B 36.2%	$54.3B 48.7%	$36.5B
Accounts Receivable	$67.7B 22.1%	$55.5B 6.1%	$52.3B 23.4%	$42.4B 28.8%	$32.9B
Inventory	$38.3B 12.0%	$34.2B 2.7%	$33.3B -3.2%	$34.4B 5.4%	$32.6B
Prepaid Expenses	$6.9B 9.5%	$6.3B 16.7%	$5.4B	—	—
Other Current Assets	$6.9B 9.5%	$6.3B 16.7%	$5.4B 469.6%	$948.0M 7.5%	$882.0M
Total Current Assets	$229.1B 20.0%	$190.9B 10.7%	$172.4B 17.4%	$146.8B -9.2%	$161.6B
Property,Plant and Equipment	$357.0B 41.3%	$252.7B 23.7%	$204.2B 9.4%	$186.7B 16.5%	$160.3B
Operating Lease Assets	$86.1B 13.0%	$76.1B 5.0%	$72.5B 9.7%	$66.1B 17.9%	$56.1B
Goodwill	$23.3B 0.9%	$23.1B 1.3%	$22.8B 12.3%	$20.3B 32.0%	$15.4B
Intangible Assets	$0 -100.0%	$8.6B 11.9%	$7.7B 26.1%	$6.1B 19.4%	$5.1B
Long Term Investments	$659.0M -45.1%	$1.2B	—	—	—
Other Noncurrent Assets	$122.6B 49.3%	$82.1B 46.6%	$56.0B 31.0%	$42.8B 57.0%	$27.2B
Total Assets	$818.0B 30.9%	$624.9B 18.4%	$527.9B 14.1%	$462.7B 10.0%	$420.5B
Liabilities
Accounts Payable	$121.9B 29.2%	$94.4B 11.0%	$85.0B 6.8%	$79.6B 1.2%	$78.7B
Accrued Liabilities	$75.5B 12.8%	$67.0B 3.5%	$64.7B 3.4%	$62.6B 20.8%	$51.8B
Deferred Revenue	$20.6B 13.7%	$18.1B 18.9%	$15.2B 15.1%	$13.2B 11.8%	$11.8B
Current Portion of Long Term Debt	$2.7B -45.2%	$5.0B -40.9%	$8.5B 183.2%	$3.0B 101.1%	$1.5B
Operating Lease Liabilities	$12.7B 20.0%	$10.5B 25.3%	$8.4B 12.9%	$7.5B 17.5%	$6.3B
Other Current Liabilities	$36.0B 25.9%	$28.6B 12.3%	$25.5B 20.5%	$21.1B -10.7%	$23.6B
Total Current Liabilities	$218.0B 21.5%	$179.4B 8.8%	$164.9B 6.1%	$155.4B 9.2%	$142.3B
Long Term Debt	$65.6B 24.8%	$52.6B -9.8%	$58.3B -13.2%	$67.2B 37.8%	$48.7B
Deferred Revenue Noncurrent	$4.4B -32.3%	$6.5B 14.0%	$5.7B 96.6%	$2.9B 31.8%	$2.2B
Operating Lease Liabilities Noncurrent	$76.6B 10.9%	$69.0B 2.7%	$67.2B 9.2%	$61.6B 18.5%	$52.0B
Deferred Tax Liabilities	$0 -100.0%	$19.6B 40.3%	$13.9B 41.5%	$9.9B 1895.1%	$494.0M
Other Noncurrent Liabilities	$36.0B 25.9%	$28.6B 12.3%	$25.5B 20.5%	$21.1B -10.7%	$23.6B
Total Liabilities	$218.0B 21.5%	$179.4B 8.8%	$164.9B 6.1%	$155.4B 9.2%	$142.3B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Common Stock	$112.0M 0.9%	$111.0M 1.8%	$109.0M 0.9%	$108.0M 2060.0%	$5.0M
Additional Paid In Capital	$140.0B 15.9%	$120.9B 22.1%	$99.0B 31.9%	$75.1B 35.2%	$55.5B
Retained Earnings	$250.5B 44.9%	$172.9B 52.1%	$113.6B 36.6%	$83.2B -3.2%	$85.9B
Treasury Stock	$7.8B 0.0%	$7.8B 0.0%	$7.8B 0.0%	$7.8B 326.6%	$1.8B
Accumulated Other Comprehensive Income	$28.2B 83129.4%	$-34.0M 98.9%	$-3.0B 32.2%	$-4.5B -226.1%	$-1.4B
Total Stockholders Equity	$411.1B 43.7%	$286.0B 41.7%	$201.9B 38.2%	$146.0B 5.6%	$138.2B
Total Liabilitiesand Equity	$818.0B 30.9%	$624.9B 18.4%	$527.9B 14.1%	$462.7B 10.0%	$420.5B

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $716.9B

Operating income $80.0B

Net income $77.7B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$716.9B 12.4%	$638.0B 11.0%	$574.8B 11.8%	$514.0B 9.4%	$469.8B
Expenses Cost of Revenue	$356.4B 9.2%	$326.3B 7.1%	$304.7B 5.5%	$288.8B 6.1%	$272.3B
Expenses Selling,General and Administrative	$11.2B -1.6%	$11.4B -3.9%	$11.8B -0.6%	$11.9B 34.8%	$8.8B
Expenses Depreciation and Amortization	$65.8B 24.5%	$52.8B 8.5%	$48.7B 16.1%	$41.9B 21.7%	$34.4B
Expenses Share Based Compensation	$19.5B -11.6%	$22.0B -8.4%	$24.0B 22.4%	$19.6B 53.8%	$12.8B
Expenses Operating Expenses	$636.9B 11.9%	$569.4B 5.8%	$537.9B 7.2%	$501.7B 12.8%	$444.9B
Other Income Expense Operating Income	$80.0B 16.6%	$68.6B 86.1%	$36.9B 200.9%	$12.2B -50.8%	$24.9B
Other Income Expense Interest Income	$4.4B -6.3%	$4.7B 58.6%	$2.9B 198.2%	$989.0M 120.8%	$448.0M
Other Income Expense Interest Expense	$312.0M 9.5%	$285.0M -91.0%	$3.2B 34.4%	$2.4B 30.8%	$1.8B
Other Income Expense Other Income/expense	$15.2B 776.8%	$-2.2B -339.9%	$938.0M 105.6%	$-16.8B -214.8%	$14.6B
Other Income Expense Income Before Tax	$97.3B 41.8%	$68.6B 82.7%	$37.6B 732.7%	$-5.9B -115.6%	$38.2B
Income Tax Income Tax Expense	$19.1B 106.0%	$9.3B 30.1%	$7.1B 321.3%	$-3.2B -167.1%	$4.8B
net Income net Income	$77.7B 31.1%	$59.2B 94.7%	$30.4B 1217.7%	$-2.7B -108.2%	$33.4B
net Income Comprehensive Income	$105.9B 70.2%	$62.3B 95.3%	$31.9B 646.4%	$-5.8B -118.1%	$32.2B
Earnings Per Share Basic Eps	$7 28.8%	$6 91.9%	$3 1192.6%	$-0 -108.2%	$3
Earnings Per Share Diluted Eps	$7 29.7%	$6 90.7%	$3 1174.1%	$-0 -108.3%	$3
Earnings Per Share Weighted Average Shares Basic	$10.7B 1.7%	$10.5B 1.6%	$10.3B 1.1%	$10.2B 0.7%	$10.1B
Earnings Per Share Weighted Average Shares Diluted	$10.8B 1.0%	$10.7B 2.2%	$10.5B 3.0%	$10.2B -1.0%	$10.3B

Cash Flow Statement

Operating, investing, and financing flows

16 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	$77.7B 31.1%	$59.2B 94.7%	$30.4B 1217.7%	$-2.7B -108.2%	$33.4B
Operating Activities Depreciation and Amortization	$65.8B 24.5%	$52.8B 8.5%	$48.7B 16.1%	$41.9B 21.7%	$34.4B
Operating Activities Stock Based Compensation	$19.5B -11.6%	$22.0B -8.4%	$24.0B 22.4%	$19.6B 53.8%	$12.8B
Operating Activities Deferred Income Taxes	$11.5B 346.8%	$-4.6B 20.9%	$-5.9B 27.9%	$-8.1B -2528.4%	$-310.0M
Operating Activities Changes In Operating Assets and Liabilities	$14.0B 58.2%	$8.9B 3.0%	$8.6B 11.0%	$7.8B -49.7%	$15.4B
Operating Activities net Cash From Operating Activities	$139.5B 20.4%	$115.9B 36.4%	$84.9B 81.7%	$46.8B 0.9%	$46.3B
Investing Activities Purchases of Investments	$54.8B 110.6%	$26.0B 1647.6%	$1.5B -42.0%	$2.6B -95.7%	$60.2B
Investing Activities Proceeds From Sale of Investments	$44.4B 170.6%	$16.4B 191.5%	$5.6B -82.2%	$31.6B -46.8%	$59.4B
Investing Activities net Cash From Investing Activities	$-142.5B -51.1%	$-94.3B -89.3%	$-49.8B -32.5%	$-37.6B 35.3%	$-58.2B
Financing Activities Proceeds From Debt	$15.7B	$0	$0 -100.0%	$21.2B 11.4%	$19.0B
Financing Activities Repayment of Debt	$5.0B -45.3%	$9.2B 149.8%	$3.7B 192.2%	$1.3B -20.9%	$1.6B
Financing Activities net Cash From Financing Activities	$9.7B 181.8%	$-11.8B 25.6%	$-15.9B -263.4%	$9.7B 54.5%	$6.3B
Cash Reconciliation Effect of Exchange Rate On Cash	$90.1B 9.5%	$82.3B 11.4%	$73.9B 36.2%	$54.3B 15004.7%	$-364.0M
Cash Reconciliation net Change In Cash	$7.8B -7.5%	$8.4B -57.1%	$19.6B 10.5%	$17.8B 401.3%	$-5.9B
Cash Reconciliation Cash At Beginning of Period	$90.1B 9.5%	$82.3B 11.4%	$73.9B 36.2%	$54.3B 48.7%	$36.5B
Cash Reconciliation Cash At End of Period	$90.1B 9.5%	$82.3B 11.4%	$73.9B 36.2%	$54.3B 48.7%	$36.5B

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	—	—	—	—	—
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%	+22.7%	+15.3%	+7.6%	+14.3%
Liquidity
Current ratio	1.05x	1.06x	1.05x	0.94x	1.14x
Quick ratio	0.72x	0.77x	0.76x	0.62x	0.49x
Leverage
D/E	0.53x	0.63x	0.82x	1.06x	1.03x
Interest coverage	256.33x	240.68x	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 · 351d old · FY2025

Market cap $2.4T

P/E 30.97x

P/S 3.36x

P/B 5.85x

EV $2.4T

EV/EBITDA 16.36x

FCF yield —

Dividend yield —

Notes

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