Amazon.com (AMZN) Financials

$204.07 -2.09 (-1.01%)

As of 04:00 PM Eastern

Annual Income Statements for Amazon.com

This table shows Amazon.com's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	59,248	30,425	-2,722	33,364	21,331	11,588	10,073	3,033	2,371	596
Consolidated Net Income / (Loss)	59,248	30,425	-2,722	33,364	21,331	11,588	10,073	3,033	2,371	596
Net Income / (Loss) Continuing Operations	59,248	30,425	-2,722	33,364	21,331	11,588	10,073	3,033	2,371	596
Total Pre-Tax Income	68,614	37,557	-5,936	38,151	24,178	13,976	11,261	3,806	3,892	1,568
Total Operating Income	68,593	36,852	12,248	24,879	22,899	14,541	12,421	4,106	4,186	2,233
Total Gross Profit	213,166	179,427	140,853	122,367	94,240	74,754	59,704	40,683	30,103	21,945
Total Revenue	637,959	574,785	513,983	469,822	386,064	280,522	232,887	177,866	135,987	107,006
Operating Revenue	637,959	574,785	513,983	469,822	386,064	280,522	232,887	177,866	135,987	107,006
Total Cost of Revenue	424,793	395,358	373,130	347,455	291,824	205,768	173,183	137,183	105,884	85,061
Operating Cost of Revenue	424,793	395,358	373,130	347,455	291,824	205,768	173,183	137,183	105,884	85,061
Total Operating Expenses	144,573	142,575	128,605	97,488	71,341	60,213	47,283	36,577	25,917	19,712
Selling, General & Admin Expense	11,359	11,816	11,891	8,823	6,668	5,203	4,336	3,888	2,599	1,918
Marketing Expense	43,907	44,370	42,238	32,551	22,008	18,878	13,814	10,069	7,233	5,254
Research & Development Expense	88,544	85,622	73,213	56,052	42,740	35,931	28,837	22,620	16,085	12,540
Other Operating Expenses / (Income)	763	767	1,263	62	-75	201	296	-	-	-
Total Other Income / (Expense), net	21	705	-18,184	13,272	1,279	-565	-1,160	-300	-294	-665
Interest Expense	2,406	3,182	2,367	1,809	1,647	1,600	1,417	848	484	459
Interest & Investment Income	4,677	2,949	989	448	555	832	440	202	100	50
Other Income / (Expense), net	-2,250	938	-16,806	14,633	2,371	203	-183	346	90	-256
Income Tax Expense	9,265	7,120	-3,217	4,791	2,863	2,374	1,197	769	1,425	950
Other Gains / (Losses), net	-101	-12	-3.00	4.00	16	-14	9.00	-4.00	-96	-22
Basic Earnings per Share	$5.66	$2.95	($0.27)	$3.30	$2.13	$23.46	$20.68	$6.32	$5.01	$1.28
Weighted Average Basic Shares Outstanding	10.47B	10.30B	10.19B	10.12B	10.01B	494M	487M	480M	474M	467M
Diluted Earnings per Share	$5.53	$2.90	($0.27)	$3.24	$2.09	$23.01	$20.14	$6.15	$4.90	$1.25
Weighted Average Diluted Shares Outstanding	10.72B	10.49B	10.19B	10.30B	10.20B	504M	500M	493M	484M	477M
Weighted Average Basic & Diluted Shares Outstanding	10.60B	10.39B	10.25B	508.84M	503.56M	497.81M	487.10M	479.90M	473.30M	465.60M

This table shows Amazon.com's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	17,127	20,004	15,328	13,485	10,431	10,624	9,879	6,750	3,172	278	2,872
Consolidated Net Income / (Loss)	17,127	20,004	15,328	13,485	10,431	10,624	9,879	6,750	3,172	278	2,872
Net Income / (Loss) Continuing Operations	17,127	20,004	15,328	13,485	10,431	10,624	9,879	6,750	3,172	278	2,872
Total Pre-Tax Income	21,679	22,349	18,037	15,245	12,983	13,686	12,189	7,563	4,119	-962	2,944
Total Operating Income	18,405	21,203	17,411	14,672	15,307	13,209	11,188	7,681	4,774	2,737	2,525
Total Gross Profit	54,098	60,937	53,240	50,626	48,363	51,313	45,747	43,705	38,662	40,461	36,250
Total Revenue	155,667	187,792	158,877	147,977	143,313	169,961	143,083	134,383	127,358	149,204	127,101
Operating Revenue	155,667	187,792	158,877	147,977	143,313	169,961	143,083	134,383	127,358	149,204	127,101
Total Cost of Revenue	101,569	126,855	105,637	97,351	94,950	118,648	97,336	90,678	88,696	108,743	90,851
Operating Cost of Revenue	101,569	126,855	105,637	97,351	94,950	118,648	97,336	90,678	88,696	108,743	90,851
Total Operating Expenses	35,693	39,734	35,829	35,954	33,056	38,104	34,559	36,024	33,888	37,724	33,725
Selling, General & Admin Expense	2,628	2,863	2,713	3,041	2,742	3,010	2,561	3,202	3,043	3,333	3,061
Marketing Expense	9,763	13,124	10,609	10,512	9,662	12,902	10,551	10,745	10,172	12,818	11,014
Research & Development Expense	22,994	23,571	22,245	22,304	20,424	22,038	21,203	21,931	20,450	20,814	19,485
Other Operating Expenses / (Income)	308	176	262	97	228	154	244	146	223	759	165
Total Other Income / (Expense), net	3,274	1,146	626	573	-2,324	477	1,001	-118	-655	-3,699	419
Interest Expense	541	570	603	589	644	713	806	840	823	694	617
Interest & Investment Income	1,066	1,248	1,256	1,180	993	901	776	661	611	445	277
Other Income / (Expense), net	2,749	468	-27	-18	-2,673	289	1,031	61	-443	-3,450	759
Income Tax Expense	4,553	2,325	2,706	1,767	2,467	3,062	2,306	804	948	-1,227	69
Other Gains / (Losses), net	1.00	-20	-3.00	7.00	-85	-	-4.00	-9.00	1.00	13	-3.00
Basic Earnings per Share	$1.62	$1.91	$1.46	$1.29	$1.00	$1.03	$0.96	$0.66	$0.31	$0.03	$0.28
Weighted Average Basic Shares Outstanding	10.60B	10.47B	10.50B	10.45B	10.39B	10.30B	10.32B	10.29B	10.25B	10.19B	10.19B
Diluted Earnings per Share	$1.59	$1.86	$1.43	$1.26	$0.98	$1.03	$0.94	$0.65	$0.31	$0.03	$0.28
Weighted Average Diluted Shares Outstanding	10.79B	10.72B	10.74B	10.71B	10.67B	10.49B	10.56B	10.45B	10.35B	10.19B	10.33B
Weighted Average Basic & Diluted Shares Outstanding	10.62B	10.60B	10.52B	10.50B	10.41B	10.39B	10.33B	10.32B	10.26B	10.25B	10.20B

This table details how cash moves in and out of Amazon.com's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	8,422	19,637	17,776	-5,900	5,967	4,237	10,317	1,922	3,759	1,333
Net Cash From Operating Activities	115,877	84,946	46,752	46,327	66,064	38,514	30,723	18,365	17,203	12,039
Net Cash From Continuing Operating Activities	115,877	84,946	46,752	46,327	66,064	38,514	30,723	18,365	17,203	12,039
Net Income / (Loss) Continuing Operations	59,248	30,425	-2,722	33,364	21,331	11,588	10,073	3,033	2,371	596
Consolidated Net Income / (Loss)	59,248	30,425	-2,722	33,364	21,331	11,588	10,073	3,033	2,371	596
Depreciation Expense	52,795	48,663	41,921	34,433	25,180	21,789	15,341	11,478	8,116	6,281
Non-Cash Adjustments To Reconcile Net Income	28,030	27,853	38,803	765	7,891	6,615	5,637	4,661	2,955	2,369
Changes in Operating Assets and Liabilities, net	-24,196	-21,995	-31,250	-22,235	11,662	-1,478	-328	-807	3,761	2,793
Net Cash From Investing Activities	-94,342	-49,833	-37,601	-58,154	-59,611	-24,281	-12,369	-27,084	-9,516	-6,450
Net Cash From Continuing Investing Activities	-94,342	-49,833	-37,601	-58,154	-59,611	-24,281	-12,369	-27,084	-9,516	-6,450
Purchase of Property, Plant & Equipment	-82,999	-52,729	-63,645	-61,053	-40,140	-16,861	-13,427	-11,955	-7,804	-5,387
Acquisitions	-7,082	-5,839	-8,316	-1,985	-2,325	-2,461	-2,186	-13,972	-116	-795
Purchase of Investments	-26,005	-1,488	-2,565	-60,157	-72,479	-31,812	-7,100	-12,731	-7,240	-4,091
Sale of Property, Plant & Equipment	5,341	4,596	5,324	5,657	5,096	4,172	2,104	1,897	-	-
Sale and/or Maturity of Investments	16,403	5,627	31,601	59,384	50,237	22,681	8,240	9,677	4,577	3,025
Net Cash From Financing Activities	-11,812	-15,879	9,718	6,291	-1,104	-10,066	-7,686	9,928	-3,716	-3,882
Net Cash From Continuing Financing Activities	-11,812	-15,879	9,718	6,291	-1,104	-10,066	-7,686	9,928	-3,716	-3,882
Repayment of Debt	-16,954	-34,008	-47,001	-20,668	-11,629	-2,711	-1,305	-1,501	-4,334	-4,235
Repurchase of Common Equity	0.00	0.00	-6,000	0.00	0.00	-	-	-	-	-
Issuance of Debt	5,142	18,129	62,719	26,959	10,525	2,273	1,068	16,228	618	353
Effect of Exchange Rate Changes	-1,301	403	-1,093	-364	618	70	-351	713	-212	-374

This table details how cash moves in and out of Amazon.com's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-12,419	3,635	7,004	-1,659	-558	23,809	14	333	-4,519	19,075	-2,522
Net Cash From Operating Activities	17,015	45,636	25,971	25,281	18,989	42,465	21,217	16,476	4,788	29,173	11,404
Net Cash From Continuing Operating Activities	17,015	45,636	25,971	25,281	18,989	42,465	21,217	16,476	4,788	29,173	11,404
Net Income / (Loss) Continuing Operations	17,127	20,004	15,328	13,485	10,431	10,624	9,879	6,750	3,172	278	2,872
Consolidated Net Income / (Loss)	17,127	20,004	15,328	13,485	10,431	10,624	9,879	6,750	3,172	278	2,872
Depreciation Expense	14,262	15,631	13,442	12,038	11,684	13,820	12,131	11,589	11,123	12,685	10,327
Non-Cash Adjustments To Reconcile Net Income	1,600	6,120	5,613	7,034	9,263	9,609	4,814	7,330	6,100	9,556	4,338
Changes in Operating Assets and Liabilities, net	-15,974	3,881	-8,412	-7,276	-12,389	8,412	-5,607	-9,193	-15,607	6,654	-6,133
Net Cash From Investing Activities	-29,803	-37,443	-16,899	-22,138	-17,862	-12,601	-11,753	-9,673	-15,806	-10,821	-15,608
Net Cash From Continuing Investing Activities	-29,803	-37,443	-16,899	-22,138	-17,862	-12,601	-11,753	-9,673	-15,806	-10,821	-15,608
Purchase of Property, Plant & Equipment	-25,019	-27,834	-22,620	-17,620	-14,925	-14,588	-12,479	-11,455	-14,207	-16,592	-16,378
Acquisitions	48	-2,535	-622	-571	-3,354	-381	-1,629	-316	-3,513	-831	-885
Purchase of Investments	-13,333	-12,533	-3,068	-8,439	-1,965	-435	-219	-496	-338	-233	-239
Sale of Property, Plant & Equipment	764	1,782	1,342	1,227	990	1,235	1,181	1,043	1,137	1,152	1,337
Sale and/or Maturity of Investments	7,737	3,677	8,069	3,265	1,392	1,568	1,393	1,551	1,115	5,683	557
Net Cash From Financing Activities	-47	-3,308	-2,758	-4,490	-1,256	-6,746	-8,948	-6,539	6,354	86	3,016
Net Cash From Continuing Financing Activities	-47	-3,308	-2,758	-4,490	-1,256	-6,746	-8,948	-6,539	6,354	86	3,016
Repayment of Debt	-2,608	-5,862	-4,483	-5,015	-1,594	-7,480	-9,164	-10,938	-6,426	-18,756	-9,429
Issuance of Debt	2,561	2,554	1,725	525	338	734	216	4,399	12,780	18,842	12,445
Effect of Exchange Rate Changes	416	-1,250	690	-312	-429	691	-502	69	145	637	-1,334

This table presents Amazon.com's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	624,894	527,854	462,675	420,549	321,195	225,248	162,648	131,310	83,402	64,747
Total Current Assets	190,867	172,351	146,791	161,580	132,733	96,334	75,101	60,197	45,781	35,705
Cash & Equivalents	78,779	73,387	53,888	36,220	42,122	36,092	31,750	20,522	19,334	15,890
Short-Term Investments	22,423	13,393	16,138	59,829	42,274	18,929	9,500	10,464	6,647	3,918
Accounts Receivable	55,451	52,253	42,360	32,891	24,542	20,816	16,677	13,164	8,339	5,654
Inventories, net	34,214	33,318	34,405	32,640	23,795	20,497	17,174	16,047	11,461	10,243
Plant, Property, & Equipment, net	252,665	204,177	186,715	0.00	0.00	0.00	61,797	48,866	29,114	21,838
Total Noncurrent Assets	181,362	151,326	129,169	258,969	188,462	128,914	25,750	22,247	8,507	7,204
Goodwill	23,074	22,789	20,288	15,371	15,017	14,754	14,548	13,350	3,784	3,759
Other Noncurrent Operating Assets	158,288	128,537	108,881	243,598	173,445	114,160	11,202	8,897	4,723	3,445
Total Liabilities & Shareholders' Equity	624,894	527,854	462,675	420,549	321,195	225,248	162,648	131,310	83,402	64,747
Total Liabilities	338,924	325,979	316,632	282,304	227,791	163,188	119,099	103,601	64,117	51,363
Total Current Liabilities	179,431	164,917	155,393	142,266	126,385	87,812	68,391	57,883	43,816	33,887
Accounts Payable	94,363	84,981	79,600	78,664	72,539	47,183	38,192	34,616	25,309	20,397
Accrued Expenses	66,965	64,709	62,566	51,775	44,138	32,439	23,663	18,170	13,739	10,372
Current Deferred Revenue	18,103	15,227	13,227	11,827	9,708	8,190	6,536	5,097	4,768	3,118
Total Noncurrent Liabilities	159,493	161,062	161,239	140,038	101,406	75,376	50,708	45,718	20,301	17,476
Long-Term Debt	52,623	58,314	67,150	48,744	31,816	23,414	23,495	24,743	7,694	8,227
Other Noncurrent Operating Liabilities	106,870	102,748	94,089	91,294	69,590	51,962	27,213	20,975	12,607	9,249
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	285,970	201,875	146,043	138,245	93,404	62,060	43,549	27,709	19,285	13,384
Total Preferred & Common Equity	285,970	201,875	146,043	138,245	93,404	62,060	43,549	27,709	19,285	13,384
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	285,970	201,875	146,043	138,245	93,404	62,060	43,549	27,709	19,285	13,384
Common Stock	120,975	99,134	75,174	55,543	42,870	33,663	26,796	21,394	17,191	13,399
Retained Earnings	172,866	113,618	83,193	85,915	52,551	31,220	19,625	8,636	4,916	2,545
Treasury Stock	-7,837	-7,837	-7,837	-1,837	-1,837	-1,837	-1,837	-1,837	-1,837	-1,837
Accumulated Other Comprehensive Income / (Loss)	-34	-3,040	-4,487	-1,376	-180	-986	-1,035	-484	-985	-723

This table presents Amazon.com's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	643,256	624,894	584,626	554,818	530,969	527,854	486,883	477,607	464,378	462,675	428,362
Total Current Assets	184,645	190,867	175,792	173,307	163,989	172,351	142,995	140,482	136,221	146,791	131,463
Cash & Equivalents	66,207	78,779	75,091	71,178	72,852	73,387	49,605	49,529	49,343	53,888	34,947
Short-Term Investments	28,358	22,423	12,960	17,914	12,222	13,393	14,564	14,441	15,062	16,138	23,715
Accounts Receivable	54,216	55,451	51,638	50,106	47,768	52,253	43,420	39,925	37,646	42,360	36,154
Inventories, net	35,864	34,214	36,103	34,109	31,147	33,318	35,406	36,587	34,170	34,405	36,647
Plant, Property, & Equipment, net	272,781	252,665	237,917	220,717	209,950	204,177	196,468	193,784	190,754	186,715	177,195
Total Noncurrent Assets	185,830	181,362	170,917	160,794	157,030	151,326	147,420	143,341	137,403	129,169	119,704
Goodwill	23,089	23,074	23,081	22,879	22,770	22,789	22,749	22,785	22,749	20,288	20,168
Other Noncurrent Operating Assets	162,741	158,288	147,836	137,915	134,260	128,537	124,671	120,556	114,654	108,881	99,536
Total Liabilities & Shareholders' Equity	643,256	624,894	584,626	554,818	530,969	527,854	486,883	477,607	464,378	462,675	428,362
Total Liabilities	337,389	338,924	325,475	318,371	314,308	325,979	303,910	309,005	309,852	316,632	290,873
Total Current Liabilities	176,171	179,431	161,477	158,172	152,965	164,917	145,214	148,238	147,570	155,393	140,363
Accounts Payable	89,241	94,363	84,570	81,817	73,068	84,981	72,004	69,481	66,907	79,600	67,760
Accrued Expenses	66,331	66,965	60,602	60,351	63,970	64,709	58,812	64,235	66,382	62,566	59,974
Current Deferred Revenue	20,599	18,103	16,305	16,004	15,927	15,227	14,398	14,522	14,281	13,227	12,629
Total Noncurrent Liabilities	161,218	159,493	163,998	160,199	161,343	161,062	158,696	160,767	162,282	161,239	150,510
Long-Term Debt	53,374	52,623	54,890	54,889	57,634	58,314	61,098	63,092	67,084	67,150	58,919
Other Noncurrent Operating Liabilities	107,844	106,870	109,108	105,310	103,709	102,748	97,598	97,675	95,198	94,089	91,591
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	305,867	285,970	259,151	236,447	216,661	201,875	182,973	168,602	154,526	146,043	137,489
Total Preferred & Common Equity	305,867	285,970	259,151	236,447	216,661	201,875	182,973	168,602	154,526	146,043	137,489
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	305,867	285,970	259,151	236,447	216,661	201,875	182,973	168,602	154,526	146,043	137,489
Common Stock	124,625	120,975	116,044	110,743	104,047	99,134	92,819	87,004	79,971	75,174	69,526
Retained Earnings	189,993	172,866	152,862	137,534	124,049	113,618	102,994	93,115	86,365	83,193	82,915
Treasury Stock	-7,837	-7,837	-7,837	-7,837	-7,837	-7,837	-7,837	-7,837	-7,837	-7,837	-7,837
Accumulated Other Comprehensive Income / (Loss)	-914	-34	-1,918	-3,993	-3,598	-3,040	-5,003	-3,680	-3,973	-4,487	-7,115

This table displays calculated financial ratios and metrics derived from Amazon.com's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.99%	11.83%	9.40%	21.70%	37.62%	20.45%	30.93%	30.80%	27.08%	20.25%
EBITDA Growth	37.81%	131.39%	-49.47%	46.57%	38.09%	32.47%	73.13%	28.55%	50.06%	71.83%
EBIT Growth	75.56%	929.09%	-111.54%	56.36%	71.39%	20.48%	174.89%	4.12%	116.29%	3,195.00%
NOPAT Growth	98.66%	248.34%	-60.59%	7.76%	67.24%	8.74%	238.81%	23.48%	201.48%	606.34%
Net Income Growth	94.73%	1,217.74%	-108.16%	56.41%	84.08%	15.04%	232.11%	27.92%	297.82%	347.30%
EPS Growth	90.69%	1,174.07%	-108.33%	56.41%	84.08%	14.25%	227.48%	25.51%	292.00%	340.38%
Operating Cash Flow Growth	36.41%	81.69%	0.92%	-29.88%	71.53%	25.36%	67.29%	6.75%	42.89%	75.96%
Free Cash Flow Firm Growth	-1,135.87%	99.14%	-53.92%	-388.92%	32.44%	9.44%	139.40%	-597.10%	418.42%	168.39%
Invested Capital Growth	36.90%	21.12%	57.43%	122.76%	34.06%	18.06%	20.16%	2,050.90%	-44.65%	13.40%
Revenue Q/Q Growth	2.88%	3.75%	2.35%	2.59%	10.96%	5.67%	5.40%	10.37%	6.25%	6.38%
EBITDA Q/Q Growth	9.15%	21.58%	-26.20%	14.94%	11.39%	7.73%	8.70%	14.98%	6.69%	12.45%
EBIT Q/Q Growth	14.05%	60.27%	-139.80%	22.35%	17.59%	5.07%	13.37%	24.43%	5.74%	37.77%
NOPAT Q/Q Growth	17.51%	29.18%	-41.94%	-9.20%	19.41%	-2.36%	13.42%	62.48%	9.36%	52.28%
Net Income Q/Q Growth	18.81%	51.53%	-124.04%	27.04%	22.75%	2.12%	13.15%	57.48%	12.69%	81.71%
EPS Q/Q Growth	16.42%	48.72%	-124.32%	27.04%	22.75%	0.39%	12.89%	56.49%	11.87%	76.06%
Operating Cash Flow Q/Q Growth	2.81%	18.55%	17.87%	-15.26%	19.48%	9.01%	15.48%	8.50%	13.07%	22.56%
Free Cash Flow Firm Q/Q Growth	-205.69%	98.02%	-39.25%	-39.23%	89.38%	-31.55%	744.88%	-11.62%	235.35%	-24.62%
Invested Capital Q/Q Growth	5.04%	-3.61%	3.94%	-0.75%	-13.70%	-14.41%	-24.23%	-14.33%	-86.94%	-71.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.41%	31.22%	27.40%	26.05%	24.41%	26.65%	25.64%	22.87%	22.14%	20.51%
EBITDA Margin	18.67%	15.04%	7.27%	15.74%	13.07%	13.02%	11.84%	8.96%	9.11%	7.72%
Operating Margin	10.75%	6.41%	2.38%	5.30%	5.93%	5.18%	5.33%	2.31%	3.08%	2.09%
EBIT Margin	10.40%	6.57%	-0.89%	8.41%	6.55%	5.26%	5.25%	2.50%	3.14%	1.85%
Profit (Net Income) Margin	9.29%	5.29%	-0.53%	7.10%	5.53%	4.13%	4.33%	1.71%	1.74%	0.56%
Tax Burden Percent	86.35%	81.01%	45.86%	87.45%	88.22%	82.91%	89.45%	79.69%	60.92%	38.01%
Interest Burden Percent	103.42%	99.38%	130.23%	96.56%	95.68%	94.79%	92.02%	85.49%	91.02%	79.31%
Effective Tax Rate	13.50%	18.96%	0.00%	12.56%	11.84%	16.99%	10.63%	20.20%	36.61%	60.59%
Return on Invested Capital (ROIC)	28.89%	18.87%	7.32%	33.02%	56.65%	42.92%	46.98%	29.17%	189.46%	51.88%
ROIC Less NNEP Spread (ROIC-NNEP)	29.10%	15.30%	52.34%	9.78%	53.93%	44.88%	55.54%	31.15%	191.35%	54.62%
Return on Net Nonoperating Assets (RNNOA)	-4.60%	-1.38%	-9.24%	-4.22%	-29.20%	-20.98%	-18.71%	-16.26%	-174.94%	-46.94%
Return on Equity (ROE)	24.29%	17.49%	-1.92%	28.81%	27.44%	21.95%	28.27%	12.91%	14.52%	4.94%
Cash Return on Invested Capital (CROIC)	-2.26%	-0.24%	-37.29%	-43.05%	27.54%	26.36%	28.66%	-153.06%	246.94%	39.32%
Operating Return on Assets (OROA)	11.51%	7.63%	-1.03%	10.65%	9.25%	7.60%	8.33%	4.15%	5.77%	3.32%
Return on Assets (ROA)	10.28%	6.14%	-0.62%	9.00%	7.81%	5.97%	6.85%	2.83%	3.20%	1.00%
Return on Common Equity (ROCE)	24.29%	17.49%	-1.92%	28.81%	27.44%	21.95%	28.27%	12.91%	14.52%	4.94%
Return on Equity Simple (ROE_SIMPLE)	20.72%	15.07%	-1.86%	24.13%	22.84%	18.67%	23.13%	10.95%	12.29%	4.45%
Net Operating Profit after Tax (NOPAT)	59,331	29,866	8,574	21,755	20,187	12,071	11,101	3,276	2,653	880
NOPAT Margin	9.30%	5.20%	1.67%	4.63%	5.23%	4.30%	4.77%	1.84%	1.95%	0.82%
Net Nonoperating Expense Percent (NNEP)	-0.22%	3.57%	-45.02%	23.25%	2.72%	-1.96%	-8.56%	-1.98%	-1.89%	-2.74%
Return On Investment Capital (ROIC_SIMPLE)	17.52%	11.48%	4.02%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	66.59%	68.78%	72.60%	73.95%	75.59%	73.35%	74.36%	77.13%	77.86%	79.49%
SG&A Expenses to Revenue	1.78%	2.06%	2.31%	1.88%	1.73%	1.85%	1.86%	2.19%	1.91%	1.79%
R&D to Revenue	13.88%	14.90%	14.24%	11.93%	11.07%	12.81%	12.38%	12.72%	11.83%	11.72%
Operating Expenses to Revenue	22.66%	24.80%	25.02%	20.75%	18.48%	21.46%	20.30%	20.56%	19.06%	18.42%
Earnings before Interest and Taxes (EBIT)	66,343	37,790	-4,558	39,512	25,270	14,744	12,238	4,452	4,276	1,977
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	119,138	86,453	37,363	73,945	50,450	36,533	27,579	15,930	12,392	8,258
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.07	7.78	5.87	12.23	17.50	14.76	16.86	20.34	18.48	23.67
Price to Tangible Book Value (P/TBV)	8.77	8.77	6.81	13.76	20.85	19.37	25.32	39.25	22.99	32.92
Price to Revenue (P/Rev)	3.62	2.73	1.67	3.60	4.23	3.27	3.15	3.17	2.62	2.96
Price to Earnings (P/E)	38.94	51.61	0.00	50.68	76.61	79.06	72.91	185.80	150.28	531.60
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.57%	1.94%	0.00%	1.97%	1.31%	1.26%	1.37%	0.54%	0.67%	0.19%
Enterprise Value to Invested Capital (EV/IC)	9.51	8.89	5.97	18.07	38.74	29.05	27.78	25.96	338.70	169.30
Enterprise Value to Revenue (EV/Rev)	3.54	2.68	1.66	3.50	4.10	3.15	3.08	3.13	2.49	2.85
Enterprise Value to EBITDA (EV/EBITDA)	18.96	17.83	22.86	22.23	31.35	24.21	25.99	34.98	27.28	36.96
Enterprise Value to EBIT (EV/EBIT)	34.04	40.80	0.00	41.60	62.59	59.99	58.56	125.18	79.05	154.40
Enterprise Value to NOPAT (EV/NOPAT)	38.06	51.62	99.62	75.56	78.35	73.28	64.56	170.09	127.40	346.84
Enterprise Value to Operating Cash Flow (EV/OCF)	19.49	18.15	18.27	35.48	23.94	22.97	23.33	30.35	19.65	25.36
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	161.12	119.34	105.82	0.00	97.74	457.58
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.29	0.46	0.35	0.34	0.38	0.54	0.89	0.40	0.61
Long-Term Debt to Equity	0.18	0.29	0.46	0.35	0.34	0.38	0.54	0.89	0.40	0.61
Financial Leverage	-0.16	-0.09	-0.18	-0.43	-0.54	-0.47	-0.34	-0.52	-0.91	-0.86
Leverage Ratio	2.36	2.85	3.11	3.20	3.51	3.67	4.13	4.57	4.53	4.94
Compound Leverage Factor	2.44	2.83	4.05	3.09	3.36	3.48	3.80	3.91	4.13	3.92
Debt to Total Capital	15.54%	22.41%	31.50%	26.07%	25.41%	27.39%	35.04%	47.17%	28.52%	38.07%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	15.54%	22.41%	31.50%	26.07%	25.41%	27.39%	35.04%	47.17%	28.52%	38.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	84.46%	77.59%	68.50%	73.93%	74.59%	72.61%	64.96%	52.83%	71.48%	61.93%
Debt to EBITDA	0.44	0.67	1.80	0.66	0.63	0.64	0.85	1.55	0.62	1.00
Net Debt to EBITDA	-0.41	-0.33	-0.08	-0.64	-1.04	-0.87	-0.64	-0.39	-1.48	-1.40
Long-Term Debt to EBITDA	0.44	0.67	1.80	0.66	0.63	0.64	0.85	1.55	0.62	1.00
Debt to NOPAT	0.89	1.95	7.83	2.24	1.58	1.94	2.12	7.55	2.90	9.35
Net Debt to NOPAT	-0.82	-0.95	-0.34	-2.17	-2.60	-2.62	-1.60	-1.91	-6.89	-13.16
Long-Term Debt to NOPAT	0.89	1.95	7.83	2.24	1.58	1.94	2.12	7.55	2.90	9.35
Altman Z-Score	5.86	4.53	2.93	5.36	6.02	5.07	5.60	4.84	5.24	5.54
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	1.05	0.94	1.14	1.05	1.10	1.10	1.04	1.04	1.05
Quick Ratio	0.87	0.84	0.72	0.91	0.86	0.86	0.85	0.76	0.78	0.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,651	-376	-43,653	-28,361	9,816	7,412	6,773	-17,192	3,458	667
Operating Cash Flow to CapEx	149.21%	176.48%	80.16%	83.63%	188.52%	303.52%	271.33%	182.59%	220.44%	223.48%
Free Cash Flow to Firm to Interest Expense	-1.93	-0.12	-18.44	-15.68	5.96	4.63	4.78	-20.27	7.15	1.45
Operating Cash Flow to Interest Expense	48.16	26.70	19.75	25.61	40.11	24.07	21.68	21.66	35.54	26.23
Operating Cash Flow Less CapEx to Interest Expense	15.88	11.57	-4.89	-5.01	18.83	16.14	13.69	9.80	19.42	14.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.11	1.16	1.16	1.27	1.41	1.45	1.58	1.66	1.84	1.79
Accounts Receivable Turnover	11.85	12.15	13.66	16.36	17.02	14.96	15.61	16.54	19.44	19.00
Inventory Turnover	12.58	11.68	11.13	12.31	13.18	10.92	10.43	9.97	9.76	9.18
Fixed Asset Turnover	2.79	2.94	0.00	0.00	0.00	0.00	4.21	4.56	5.34	5.52
Accounts Payable Turnover	4.74	4.80	4.72	4.60	4.88	4.82	4.76	4.58	4.63	4.62
Days Sales Outstanding (DSO)	30.81	30.04	26.72	22.31	21.44	24.39	23.38	22.06	18.78	19.21
Days Inventory Outstanding (DIO)	29.01	31.26	32.79	29.64	27.70	33.41	35.01	36.60	37.41	39.78
Days Payable Outstanding (DPO)	77.05	75.97	77.41	79.42	74.87	75.72	76.73	79.72	78.78	79.08
Cash Conversion Cycle (CCC)	-17.23	-14.67	-17.90	-27.47	-25.73	-17.92	-18.33	-21.06	-22.59	-20.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	237,391	173,409	143,167	90,940	40,824	30,453	25,794	21,466	998	1,803
Invested Capital Turnover	3.11	3.63	4.39	7.13	10.83	9.97	9.86	15.84	97.10	63.07
Increase / (Decrease) in Invested Capital	63,982	30,242	52,227	50,116	10,371	4,659	4,328	20,468	-805	213
Enterprise Value (EV)	2,258,309	1,541,687	854,063	1,643,698	1,581,588	884,547	716,661	557,292	338,026	305,251
Market Capitalization	2,306,888	1,570,153	856,939	1,691,003	1,634,168	916,154	734,416	563,535	356,313	316,832
Book Value per Share	$27.20	$19.54	$14.32	$272.59	$186.16	$125.17	$89.06	$57.50	$40.59	$28.55
Tangible Book Value per Share	$25.00	$17.33	$12.33	$242.28	$156.23	$95.41	$59.31	$29.80	$32.62	$20.53
Total Capital	338,593	260,189	213,193	186,989	125,220	85,474	67,044	52,452	26,979	21,611
Total Debt	52,623	58,314	67,150	48,744	31,816	23,414	23,495	24,743	7,694	8,227
Total Long-Term Debt	52,623	58,314	67,150	48,744	31,816	23,414	23,495	24,743	7,694	8,227
Net Debt	-48,579	-28,466	-2,876	-47,305	-52,580	-31,607	-17,755	-6,243	-18,287	-11,581
Capital Expenditures (CapEx)	77,658	48,133	58,321	55,396	35,044	12,689	11,323	10,058	7,804	5,387
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-89,766	-79,346	-78,628	-76,735	-78,048	-46,499	-34,540	-28,672	-24,016	-17,990
Debt-free Net Working Capital (DFNWC)	11,436	7,434	-8,602	19,314	6,348	8,522	6,710	2,314	1,965	1,818
Net Working Capital (NWC)	11,436	7,434	-8,602	19,314	6,348	8,522	6,710	2,314	1,965	1,818
Net Nonoperating Expense (NNE)	83	-559	11,296	-11,609	-1,144	483	1,028	243	282	284
Net Nonoperating Obligations (NNO)	-48,579	-28,466	-2,876	-47,305	-52,580	-31,607	-17,755	-6,243	-18,287	-11,581
Total Depreciation and Amortization (D&A)	52,795	48,663	41,921	34,433	25,180	21,789	15,341	11,478	8,116	6,281
Debt-free, Cash-free Net Working Capital to Revenue	-14.07%	-13.80%	-15.30%	-16.33%	-20.22%	-16.58%	-14.83%	-16.12%	-17.66%	-16.81%
Debt-free Net Working Capital to Revenue	1.79%	1.29%	-1.67%	4.11%	1.64%	3.04%	2.88%	1.30%	1.45%	1.70%
Net Working Capital to Revenue	1.79%	1.29%	-1.67%	4.11%	1.64%	3.04%	2.88%	1.30%	1.45%	1.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.66	$2.95	($0.27)	$3.30	$2.13	$1.17	$1.03	$0.32	$0.25	$0.06
Adjusted Weighted Average Basic Shares Outstanding	10.47B	10.30B	10.19B	10.12B	10B	9.88B	9.74B	9.60B	9.48B	9.34B
Adjusted Diluted Earnings per Share	$5.53	$2.90	($0.27)	$3.24	$2.09	$1.15	$1.01	$0.31	$0.25	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	10.72B	10.49B	10.19B	10.30B	10.20B	10.08B	10B	9.86B	9.68B	9.54B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	10.60B	10.39B	10.25B	10.18B	10.07B	9.96B	9.82B	9.68B	9.54B	9.42B
Normalized Net Operating Profit after Tax (NOPAT)	59,331	29,866	8,574	21,755	20,187	12,071	11,101	3,276	2,653	1,563
Normalized NOPAT Margin	9.30%	5.20%	1.67%	4.63%	5.23%	4.30%	4.77%	1.84%	1.95%	1.46%
Pre Tax Income Margin	10.76%	6.53%	-1.15%	8.12%	6.26%	4.98%	4.84%	2.14%	2.86%	1.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	27.57	11.88	-1.93	21.84	15.34	9.22	8.64	5.25	8.83	4.31
NOPAT to Interest Expense	24.66	9.39	3.62	12.03	12.26	7.54	7.83	3.86	5.48	1.92
EBIT Less CapEx to Interest Expense	-4.70	-3.25	-26.56	-8.78	-5.93	1.28	0.65	-6.61	-7.29	-7.43
NOPAT Less CapEx to Interest Expense	-7.62	-5.74	-21.02	-18.60	-9.02	-0.39	-0.16	-8.00	-10.64	-9.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-220.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Amazon.com's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.62%	10.49%	11.04%	10.12%	12.53%	13.91%	12.57%	10.85%	9.37%	8.58%	14.70%
EBITDA Growth	45.64%	36.55%	26.60%	38.08%	57.36%	128.18%	78.90%	158.16%	260.07%	-52.56%	-0.19%
EBIT Growth	67.44%	60.55%	42.27%	89.28%	191.71%	1,993.13%	272.08%	447.49%	188.37%	-104.66%	-29.96%
NOPAT Growth	17.27%	85.27%	63.14%	88.96%	237.35%	435.19%	267.88%	195.64%	43.10%	-42.26%	-30.60%
Net Income Growth	64.19%	88.29%	55.16%	99.78%	228.85%	3,721.58%	243.98%	432.84%	182.52%	-98.06%	-9.00%
EPS Growth	62.24%	80.58%	52.13%	93.85%	216.13%	3,333.33%	235.71%	425.00%	181.58%	-97.89%	-9.68%
Operating Cash Flow Growth	-10.40%	7.47%	22.41%	53.44%	296.60%	45.56%	86.05%	83.78%	271.61%	32.09%	55.94%
Free Cash Flow Firm Growth	-210.51%	-125.06%	5.43%	32.90%	48.86%	60.27%	24.20%	37.32%	24.32%	-7.51%	-7.05%
Invested Capital Growth	39.88%	36.90%	25.62%	20.58%	20.37%	21.12%	30.60%	30.28%	36.50%	57.43%	50.33%
Revenue Q/Q Growth	-17.11%	18.20%	7.37%	3.25%	-15.68%	18.78%	6.47%	5.52%	-14.64%	17.39%	4.84%
EBITDA Q/Q Growth	-5.06%	21.01%	15.49%	9.76%	-10.98%	12.19%	25.96%	25.09%	29.08%	-12.04%	81.77%
EBIT Q/Q Growth	-2.39%	24.66%	18.63%	15.99%	-6.40%	10.47%	57.83%	78.76%	707.43%	-121.71%	247.40%
NOPAT Q/Q Growth	-23.46%	28.37%	14.09%	4.62%	20.92%	13.03%	32.15%	86.78%	91.83%	-22.30%	6.20%
Net Income Q/Q Growth	-14.38%	30.51%	13.67%	29.28%	-1.82%	7.54%	46.36%	112.80%	1,041.01%	-90.32%	241.62%
EPS Q/Q Growth	-14.52%	30.07%	13.49%	28.57%	-4.85%	9.57%	44.62%	109.68%	933.33%	-89.29%	240.00%
Operating Cash Flow Q/Q Growth	-62.72%	75.72%	2.73%	33.14%	-55.28%	100.15%	28.78%	244.11%	-83.59%	155.81%	27.21%
Free Cash Flow Firm Q/Q Growth	-35.41%	-43.77%	-45.20%	-9.84%	1.85%	39.58%	-3.02%	16.28%	23.76%	-15.26%	14.81%
Invested Capital Q/Q Growth	11.49%	5.04%	11.74%	6.88%	9.12%	-3.61%	7.26%	6.69%	9.81%	3.94%	6.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.75%	32.45%	33.51%	34.21%	33.75%	30.19%	31.97%	32.52%	30.36%	27.12%	28.52%
EBITDA Margin	22.75%	19.86%	19.40%	18.04%	16.97%	16.07%	17.02%	14.39%	12.13%	8.02%	10.71%
Operating Margin	11.82%	11.29%	10.96%	9.92%	10.68%	7.77%	7.82%	5.72%	3.75%	1.83%	1.99%
EBIT Margin	13.59%	11.54%	10.94%	9.90%	8.82%	7.94%	8.54%	5.76%	3.40%	-0.48%	2.58%
Profit (Net Income) Margin	11.00%	10.65%	9.65%	9.11%	7.28%	6.25%	6.90%	5.02%	2.49%	0.19%	2.26%
Tax Burden Percent	79.00%	89.51%	84.98%	88.46%	80.34%	77.63%	81.05%	89.25%	77.01%	-28.90%	97.55%
Interest Burden Percent	102.48%	103.13%	103.76%	104.03%	102.76%	101.39%	99.75%	97.69%	95.11%	134.92%	89.65%
Effective Tax Rate	21.00%	10.40%	15.00%	11.59%	19.00%	22.37%	18.92%	10.63%	23.02%	0.00%	2.34%
Return on Invested Capital (ROIC)	26.76%	31.42%	28.46%	28.64%	29.51%	21.91%	22.12%	18.54%	11.12%	5.64%	8.50%
ROIC Less NNEP Spread (ROIC-NNEP)	19.22%	28.81%	25.54%	25.71%	45.40%	19.54%	-35.28%	25.02%	17.35%	12.17%	5.66%
Return on Net Nonoperating Assets (RNNOA)	-2.53%	-4.55%	-2.09%	-2.23%	-3.03%	-1.76%	0.31%	-0.29%	-0.97%	-2.15%	-0.63%
Return on Equity (ROE)	24.24%	26.87%	26.37%	26.41%	26.48%	20.15%	22.43%	18.25%	10.15%	3.49%	7.87%
Cash Return on Invested Capital (CROIC)	-6.30%	-2.26%	2.17%	5.52%	3.78%	-0.24%	-11.99%	-14.86%	-18.65%	-37.29%	-27.33%
Operating Return on Assets (OROA)	15.05%	12.77%	12.67%	11.59%	10.46%	9.22%	10.34%	6.91%	4.08%	-0.56%	3.20%
Return on Assets (ROA)	12.19%	11.79%	11.17%	10.67%	8.64%	7.25%	8.36%	6.02%	2.99%	0.22%	2.80%
Return on Common Equity (ROCE)	24.24%	26.87%	26.37%	26.41%	26.48%	20.15%	22.43%	18.25%	10.15%	3.49%	7.87%
Return on Equity Simple (ROE_SIMPLE)	21.56%	0.00%	19.24%	18.79%	17.39%	0.00%	10.97%	7.75%	2.78%	0.00%	8.24%
Net Operating Profit after Tax (NOPAT)	14,540	18,997	14,799	12,971	12,398	10,254	9,071	6,864	3,675	1,916	2,466
NOPAT Margin	9.34%	10.12%	9.31%	8.77%	8.65%	6.03%	6.34%	5.11%	2.89%	1.28%	1.94%
Net Nonoperating Expense Percent (NNEP)	7.54%	2.61%	2.92%	2.93%	-15.89%	2.36%	57.40%	-6.48%	-6.23%	-6.53%	2.83%
Return On Investment Capital (ROIC_SIMPLE)	4.05%	5.61%	-	-	-	3.94%	-	-	-	0.90%	-
Cost of Revenue to Revenue	65.25%	67.55%	66.49%	65.79%	66.25%	69.81%	68.03%	67.48%	69.64%	72.88%	71.48%
SG&A Expenses to Revenue	1.69%	1.52%	1.71%	2.06%	1.91%	1.77%	1.79%	2.38%	2.39%	2.23%	2.41%
R&D to Revenue	14.77%	12.55%	14.00%	15.07%	14.25%	12.97%	14.82%	16.32%	16.06%	13.95%	15.33%
Operating Expenses to Revenue	22.93%	21.16%	22.55%	24.30%	23.07%	22.42%	24.15%	26.81%	26.61%	25.28%	26.53%
Earnings before Interest and Taxes (EBIT)	21,154	21,671	17,384	14,654	12,634	13,498	12,219	7,742	4,331	-713	3,284
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35,416	37,302	30,826	26,692	24,318	27,318	24,350	19,331	15,454	11,972	13,611
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.59	8.07	7.55	8.51	8.60	7.78	7.17	7.93	6.85	5.87	8.37
Price to Tangible Book Value (P/TBV)	7.13	8.77	8.28	9.42	9.61	8.77	8.19	9.17	8.03	6.81	9.81
Price to Revenue (P/Rev)	3.10	3.62	3.15	3.33	3.16	2.73	2.37	2.49	2.02	1.67	2.29
Price to Earnings (P/E)	30.58	38.94	39.22	45.28	49.47	51.61	65.32	102.32	246.49	0.00	101.67
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.27%	2.57%	2.55%	2.21%	2.02%	1.94%	1.53%	0.98%	0.41%	0.00%	0.98%
Enterprise Value to Invested Capital (EV/IC)	7.46	9.51	8.51	9.77	9.71	8.89	7.27	7.97	6.75	5.97	8.36
Enterprise Value to Revenue (EV/Rev)	3.04	3.54	3.10	3.27	3.11	2.68	2.36	2.48	2.02	1.66	2.29
Enterprise Value to EBITDA (EV/EBITDA)	15.17	18.96	17.61	19.25	19.27	17.83	18.40	22.14	21.87	22.86	22.74
Enterprise Value to EBIT (EV/EBIT)	26.38	34.04	33.05	37.30	39.85	40.80	55.50	91.28	227.03	0.00	100.54
Enterprise Value to NOPAT (EV/NOPAT)	32.29	38.06	38.08	44.20	47.62	51.62	56.60	78.87	63.80	99.62	77.98
Enterprise Value to Operating Cash Flow (EV/OCF)	17.34	19.49	17.06	18.31	18.52	18.15	18.26	21.61	19.53	18.27	29.03
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	436.84	193.71	280.37	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.18	0.21	0.23	0.27	0.29	0.33	0.37	0.43	0.46	0.43
Long-Term Debt to Equity	0.17	0.18	0.21	0.23	0.27	0.29	0.33	0.37	0.43	0.46	0.43
Financial Leverage	-0.13	-0.16	-0.08	-0.09	-0.07	-0.09	-0.01	-0.01	-0.06	-0.18	-0.11
Leverage Ratio	2.25	2.36	2.42	2.55	2.68	2.85	2.86	2.99	3.03	3.11	3.14
Compound Leverage Factor	2.30	2.44	2.51	2.65	2.76	2.89	2.85	2.92	2.88	4.19	2.82
Debt to Total Capital	14.86%	15.54%	17.48%	18.84%	21.01%	22.41%	25.03%	27.23%	30.27%	31.50%	30.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	14.86%	15.54%	17.48%	18.84%	21.01%	22.41%	25.03%	27.23%	30.27%	31.50%	30.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	85.14%	84.46%	82.52%	81.16%	78.99%	77.59%	74.97%	72.77%	69.73%	68.50%	70.00%
Debt to EBITDA	0.41	0.44	0.50	0.53	0.60	0.67	0.86	1.05	1.38	1.80	1.16
Net Debt to EBITDA	-0.32	-0.41	-0.30	-0.33	-0.29	-0.33	-0.04	-0.01	0.06	-0.08	0.01
Long-Term Debt to EBITDA	0.41	0.44	0.50	0.53	0.60	0.67	0.86	1.05	1.38	1.80	1.16
Debt to NOPAT	0.87	0.89	1.09	1.23	1.49	1.95	2.64	3.72	4.03	7.83	3.99
Net Debt to NOPAT	-0.67	-0.82	-0.66	-0.76	-0.71	-0.95	-0.13	-0.05	0.16	-0.34	0.02
Long-Term Debt to NOPAT	0.87	0.89	1.09	1.23	1.49	1.95	2.64	3.72	4.03	7.83	3.99
Altman Z-Score	5.13	5.63	5.16	5.35	5.10	4.38	4.10	4.03	3.44	2.96	3.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.05	1.06	1.09	1.10	1.07	1.05	0.98	0.95	0.92	0.94	0.94
Quick Ratio	0.84	0.87	0.87	0.88	0.87	0.84	0.74	0.70	0.69	0.72	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-60,915	-44,985	-31,289	-21,549	-19,618	-19,988	-33,085	-32,115	-38,358	-50,311	-43,649
Operating Cash Flow to CapEx	70.15%	175.17%	122.06%	154.22%	136.27%	318.02%	187.79%	158.24%	36.63%	188.94%	75.82%
Free Cash Flow to Firm to Interest Expense	-112.60	-78.92	-51.89	-36.59	-30.46	-28.03	-41.05	-38.23	-46.61	-72.49	-70.74
Operating Cash Flow to Interest Expense	31.45	80.06	43.07	42.92	29.49	59.56	26.32	19.61	5.82	42.04	18.48
Operating Cash Flow Less CapEx to Interest Expense	-13.38	34.36	7.78	15.09	7.85	40.83	12.31	7.22	-10.06	19.79	-5.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.11	1.11	1.16	1.17	1.19	1.16	1.21	1.20	1.20	1.16	1.24
Accounts Receivable Turnover	12.75	11.85	13.05	13.43	13.83	12.15	13.92	14.40	14.97	13.66	15.51
Inventory Turnover	12.88	12.58	11.65	11.55	12.30	11.68	10.70	10.14	10.85	11.13	10.94
Fixed Asset Turnover	2.69	2.79	2.86	2.92	2.95	2.94	2.97	0.00	2.92	0.00	0.00
Accounts Payable Turnover	5.32	4.74	5.32	5.40	5.74	4.80	5.52	5.39	5.54	4.72	5.31
Days Sales Outstanding (DSO)	28.62	30.81	27.98	27.19	26.39	30.04	26.21	25.35	24.39	26.72	23.54
Days Inventory Outstanding (DIO)	28.35	29.01	31.33	31.60	29.68	31.26	34.11	35.99	33.65	32.79	33.36
Days Payable Outstanding (DPO)	68.66	77.05	68.59	67.63	63.61	75.97	66.17	67.76	65.91	77.41	68.74
Cash Conversion Cycle (CCC)	-11.69	-17.23	-9.29	-8.84	-7.54	-14.67	-5.85	-6.42	-7.87	-17.90	-11.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	264,676	237,391	225,990	202,244	189,221	173,409	179,902	167,724	157,205	143,167	137,746
Invested Capital Turnover	2.87	3.11	3.06	3.27	3.41	3.63	3.49	3.63	3.85	4.39	4.38
Increase / (Decrease) in Invested Capital	75,455	63,982	46,088	34,520	32,016	30,242	42,156	38,979	42,033	52,227	46,115
Enterprise Value (EV)	1,975,133	2,258,309	1,922,478	1,976,878	1,836,612	1,541,687	1,308,521	1,336,662	1,061,118	854,063	1,151,451
Market Capitalization	2,016,324	2,306,888	1,955,639	2,011,081	1,864,052	1,570,153	1,311,592	1,337,540	1,058,439	856,939	1,151,194
Book Value per Share	$28.86	$27.20	$24.69	$22.72	$20.85	$19.54	$17.73	$16.43	$15.08	$14.32	$13.50
Tangible Book Value per Share	$26.68	$25.00	$22.49	$20.52	$18.66	$17.33	$15.53	$14.21	$12.86	$12.33	$11.52
Total Capital	359,241	338,593	314,041	291,336	274,295	260,189	244,071	231,694	221,610	213,193	196,408
Total Debt	53,374	52,623	54,890	54,889	57,634	58,314	61,098	63,092	67,084	67,150	58,919
Total Long-Term Debt	53,374	52,623	54,890	54,889	57,634	58,314	61,098	63,092	67,084	67,150	58,919
Net Debt	-41,191	-48,579	-33,161	-34,203	-27,440	-28,466	-3,071	-878	2,679	-2,876	257
Capital Expenditures (CapEx)	24,255	26,052	21,278	16,393	13,935	13,353	11,298	10,412	13,070	15,440	15,041
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-86,091	-89,766	-73,736	-73,957	-74,050	-79,346	-66,388	-71,726	-75,754	-78,628	-67,562
Debt-free Net Working Capital (DFNWC)	8,474	11,436	14,315	15,135	11,024	7,434	-2,219	-7,756	-11,349	-8,602	-8,900
Net Working Capital (NWC)	8,474	11,436	14,315	15,135	11,024	7,434	-2,219	-7,756	-11,349	-8,602	-8,900
Net Nonoperating Expense (NNE)	-2,587	-1,007	-529	-514	1,967	-370	-808	114	503	1,638	-406
Net Nonoperating Obligations (NNO)	-41,191	-48,579	-33,161	-34,203	-27,440	-28,466	-3,071	-878	2,679	-2,876	257
Total Depreciation and Amortization (D&A)	14,262	15,631	13,442	12,038	11,684	13,820	12,131	11,589	11,123	12,685	10,327
Debt-free, Cash-free Net Working Capital to Revenue	-13.24%	-14.07%	-11.89%	-12.24%	-12.54%	-13.80%	-11.98%	-13.33%	-14.43%	-15.30%	-13.45%
Debt-free Net Working Capital to Revenue	1.30%	1.79%	2.31%	2.50%	1.87%	1.29%	-0.40%	-1.44%	-2.16%	-1.67%	-1.77%
Net Working Capital to Revenue	1.30%	1.79%	2.31%	2.50%	1.87%	1.29%	-0.40%	-1.44%	-2.16%	-1.67%	-1.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.62	$1.91	$1.46	$1.29	$1.00	$1.03	$0.96	$0.66	$0.31	$0.03	$0.28
Adjusted Weighted Average Basic Shares Outstanding	10.60B	10.47B	10.50B	10.45B	10.39B	10.30B	10.32B	10.29B	10.25B	10.19B	10.19B
Adjusted Diluted Earnings per Share	$1.59	$1.86	$1.43	$1.26	$0.98	$1.03	$0.94	$0.65	$0.31	$0.03	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	10.79B	10.72B	10.74B	10.71B	10.67B	10.49B	10.56B	10.45B	10.35B	10.19B	10.33B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.03	$0.00	$0.00	$0.00	$0.03	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	10.62B	10.60B	10.52B	10.50B	10.41B	10.39B	10.33B	10.32B	10.26B	10.25B	10.20B
Normalized Net Operating Profit after Tax (NOPAT)	14,540	18,997	14,799	12,971	12,398	10,254	9,071	6,864	3,675	1,916	2,466
Normalized NOPAT Margin	9.34%	10.12%	9.31%	8.77%	8.65%	6.03%	6.34%	5.11%	2.89%	1.28%	1.94%
Pre Tax Income Margin	13.93%	11.90%	11.35%	10.30%	9.06%	8.05%	8.52%	5.63%	3.23%	-0.64%	2.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	39.10	38.02	28.83	24.88	19.62	18.93	15.16	9.22	5.26	-1.03	5.32
NOPAT to Interest Expense	26.88	33.33	24.54	22.02	19.25	14.38	11.25	8.17	4.47	2.76	4.00
EBIT Less CapEx to Interest Expense	-5.73	-7.69	-6.46	-2.95	-2.02	0.20	1.14	-3.18	-10.62	-23.28	-19.06
NOPAT Less CapEx to Interest Expense	-17.96	-12.38	-10.74	-5.81	-2.39	-4.35	-2.76	-4.22	-11.42	-19.49	-20.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	77.64%	-220.43%	52.99%

Frequently Asked Questions About Amazon.com's Financials

When does Amazon.com's financial year end?

According to the most recent income statement we have on file, Amazon.com's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Amazon.com's net income changed over the last 9 years?

Amazon.com's net income appears to be on an upward trend, with a most recent value of $59.25 billion in 2024, rising from $596 million in 2015. The previous period was $30.43 billion in 2023. View Amazon.com's forecast to see where analysts expect Amazon.com to go next.

What is Amazon.com's operating income?

Amazon.com's total operating income in 2024 was $68.59 billion, based on the following breakdown:

Total Gross Profit: $213.17 billion
Total Operating Expenses: $144.57 billion

How has Amazon.com revenue changed over the last 9 years?

Over the last 9 years, Amazon.com's total revenue changed from $107.01 billion in 2015 to $637.96 billion in 2024, a change of 496.2%.

How much debt does Amazon.com have?

Amazon.com's total liabilities were at $338.92 billion at the end of 2024, a 4.0% increase from 2023, and a 559.9% increase since 2015.

How much cash does Amazon.com have?

In the past 9 years, Amazon.com's cash and equivalents has ranged from $15.89 billion in 2015 to $78.78 billion in 2024, and is currently $78.78 billion as of their latest financial filing in 2024.

How has Amazon.com's book value per share changed over the last 9 years?

Over the last 9 years, Amazon.com's book value per share changed from 28.55 in 2015 to 27.20 in 2024, a change of -4.7%.

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This page (NASDAQ:AMZN) was last updated on 5/20/2025 by MarketBeat.com Staff

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Amazon.com (AMZN) Financials

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Amazon.com (AMZN) Financials

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