Business Description

Amazon.com Inc. is a multinational technology and e-commerce company that operates one of the world's largest online retail marketplaces and provides extensive cloud computing services. The company also maintains significant operations in digital streaming, online advertising, and artificial intelligence. It serves consumers, sellers, developers, and enterprises globally through its diverse digital and physical platforms.

Financial Statements

In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues716,924,000637,959,000574,785,000513,983,000
Cost of Sales356,414,000326,288,000304,739,000288,831,000
Gross Profit360,510,000311,671,000270,046,000225,152,000
Selling, General & Administrative Expenses58,301,00055,266,00056,186,00054,129,000
Research & Development Expenses108,521,00088,544,00085,622,00073,213,000
Other Operating Expenses113,713,00099,268,00091,386,00085,562,000
Operating Profit79,975,00068,593,00036,852,00012,248,000
Interest and Investment Income4,381,0004,677,0002,949,000989,000
Interest Expense(2,274,000)(2,406,000)(3,182,000)(2,367,000)
Non-Operating Income15,229,000(2,250,000)938,000(16,806,000)
Total Non-Operating Income17,336,00021,000705,000(18,184,000)
Income Before Provision for Income Taxes97,311,00068,614,00037,557,000(5,936,000)
Provision for Income Taxes19,087,0009,265,0007,120,000(3,217,000)
Consolidated Net Income78,224,00059,349,00030,437,000(2,719,000)
Net Income Attributable to Minority Interests and Other554,000101,00012,0003,000
Net Income Attributable to Common Shareholders77,670,00059,248,00030,425,000(2,722,000)
Basic EPS7.295.662.95-0.27
Diluted EPS7.175.532.90-0.27
Basic Weighted Average Shares Outstanding10,656,00010,473,00010,304,00010,189,000
Diluted Weighted Average Shares Outstanding10,827,00010,721,00010,492,00010,189,000
Shares Outstanding10,731,00010,593,00010,383,00010,242,000
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents86,810,00078,779,00073,387,00053,888,000
Short-Term Investments36,219,00022,423,00013,393,00016,138,000
Total Cash and Cash Equivalents123,029,000101,202,00086,780,00070,026,000
Accounts Receivable67,729,00055,451,00052,253,00042,360,000
Total Trade Receivables67,729,00055,451,00052,253,00042,360,000
Inventories38,325,00034,214,00033,318,00034,405,000
Total Current Assets229,083,000190,867,000172,351,000146,791,000
Net Property, Plant & Equipment443,079,000328,806,000276,690,000252,838,000
Goodwill23,273,00023,074,00022,789,00020,288,000
Other Long-Term Assets122,607,00082,147,00056,024,00042,758,000
Total Assets818,042,000624,894,000527,854,000462,675,000
Accounts Payable121,909,00094,363,00084,981,00079,600,000
Accrued Expenses75,520,00066,965,00064,709,00062,566,000
Unearned Revenue20,576,00018,103,00015,227,00013,227,000
Total Current Liabilities218,005,000179,431,000164,917,000155,393,000
Long-Term Debt65,648,00052,623,00058,314,00067,150,000
Leases87,339,00078,277,00077,297,00072,968,000
Other Long-Term Liabilities35,985,00028,593,00025,451,00021,121,000
Total Long-Term Liabilities188,972,000159,493,000161,062,000161,239,000
Total Liabilities406,977,000338,924,000325,979,000316,632,000
Common Stock112,000111,000109,000108,000
Treasury Stock(7,837,000)(7,837,000)(7,837,000)(7,837,000)
Additional Paid-in Capital140,024,000120,864,00099,025,00075,066,000
Accumulated Other Comprehensive Income28,230,000(34,000)(3,040,000)(4,487,000)
Retained Earnings250,536,000172,866,000113,618,00083,193,000
Total Common Shareholders' Equity411,065,000285,970,000201,875,000146,043,000
Total Shareholders' Equity411,065,000285,970,000201,875,000146,043,000
Total Liabilities and Shareholders' Equity818,042,000624,894,000527,854,000462,675,000
FY 2025FY 2024FY 2023FY 2022
Net Income77,670,00059,248,00030,425,000(2,722,000)
Depreciation & Amortization65,756,00052,795,00048,663,00041,921,000
Share-Based Compensation Expense19,467,00022,011,00024,023,00019,621,000
Other Adjustments(3,410,000)(2,636,000)(6,624,000)8,818,000
Changes in Trade Receivables(7,333,000)(3,249,000)(8,348,000)(8,622,000)
Changes in Inventories(3,002,000)(1,884,000)1,449,000(2,592,000)
Changes in Accounts Payable11,231,0002,972,0005,473,0002,945,000
Changes in Accrued Expenses(5,019,000)(2,904,000)(2,428,000)(1,558,000)
Changes in Unearned Revenue(214,000)4,007,0004,578,0002,216,000
Changes in Other Operating Activities(15,632,000)(14,483,000)(12,265,000)(13,275,000)
Cash from Operating Activities139,514,000115,877,00084,946,00046,752,000
Capital Expenditure(131,819,000)(82,999,000)(52,729,000)(63,645,000)
Proceeds from Sale of Property, Plant & Equipment3,499,0005,341,0004,596,0005,324,000
Purchases of Investments(54,770,000)(26,005,000)(1,488,000)(2,565,000)
Proceeds from Sale of Investments44,386,00016,403,0005,627,00031,601,000
Other Investing Activities(3,841,000)(7,082,000)(5,839,000)(8,316,000)
Cash from Investing Activities(142,545,000)(94,342,000)(49,833,000)(37,601,000)
Issuance of Short-Term Debt9,320,0005,142,00018,129,00041,553,000
Repayments of Short-Term Debt(8,426,000)(5,060,000)(25,677,000)(37,554,000)
Net Issuance / (Repayments) of Short-Term Debt894,00082,000(7,548,000)3,999,000
Issuance of Long-Term Debt15,673,00021,166,000
Repayments of Long-Term Debt(6,906,000)(11,894,000)(8,331,000)(9,447,000)
Net Issuance / (Repayments) of Long-Term Debt8,767,000(11,894,000)(8,331,000)11,719,000
Repurchases of Common Shares(6,000,000)
Net Issuance / (Repurchases) of Common Shares(6,000,000)
Cash from Financing Activities9,661,000(11,812,000)(15,879,000)9,718,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents1,164,000(1,301,000)403,000(1,093,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash7,794,0008,422,00019,637,00017,776,000

Key Metrics & Ratios

MetricValue
Market Cap$2476.93B
P/E32.19x
P/S3.45x
EV/EBITDA17.20x
Return on Equity22.4%
Return on Invested Capital12.6%
Current Ratio1.05x
Free Cash Flow Margin1.1%

Margins

Gross margin
50.3%
Operating margin
11.2%
Net margin
10.9%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q1 2026 $181.52B +16.6% 13.1% $23.85B
Q4 2025 $213.39B +13.6% 11.7% $24.98B
Q3 2025 $180.17B +13.4% 9.7% $17.42B
Q2 2025 $167.70B +13.3% 11.4% $19.17B
Q1 2025 $155.67B 11.8% $18.41B
Q4 2024 $187.79B 11.3% $21.20B
Q3 2024 $158.88B 11.0% $17.41B
Q2 2024 $147.98B 9.9% $14.67B

More on Amazon.com, Inc.

Financial data last updated 2026-07-13. Figures compiled from public company filings.

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