15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 11.7% per year over the past 5 years.
Net income has grown faster than revenue (68.3% vs 11.7% per year).
Financial health
Total debt ($122.8B) exceeds cash ($101.8B); net debt is $21.0B.
Total debt has grown faster than revenue (17.4% vs 11.7% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2026
—
$90.8B
—
—
-$2.5B
$122.8B
$101.8B
2025
$716.9B
$77.7B
50.3%
11.2%
$7.7B
$69.3B
$86.8B
2025
—
$76.5B
—
—
$10.6B
$55.3B
$66.9B
2025
—
$70.6B
—
—
$13.5B
$56.3B
$57.7B
2025
—
$65.9B
—
—
$20.8B
$58.8B
$66.2B
2024
$638.0B
$59.2B
48.9%
10.8%
$32.9B
$58.2B
$78.8B
2024
—
$49.9B
—
—
$43.0B
$60.6B
$75.1B
2024
—
$44.4B
—
—
$48.3B
$62.8B
$71.2B
2024
—
$37.7B
—
—
$45.7B
$66.9B
$72.9B
2023
$574.8B
$30.4B
47.0%
6.4%
$32.2B
$67.3B
$73.4B
2023
—
$20.1B
—
—
$16.9B
$67.6B
$49.6B
2023
—
$13.1B
—
—
$3.2B
$68.6B
$49.5B
2023
—
$4.3B
—
—
-$8.6B
$70.6B
$49.3B
2022
$514.0B
-$2.7B
43.8%
2.4%
-$16.9B
$71.7B
$53.9B
2022
—
$11.3B
—
—
-$26.3B
$64.6B
$34.9B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$181.5B
$30.3B
51.8%
13.1%
-$18.2B
$122.8B
$101.8B
Dec '25
$213.4B
—
48.5%
11.7%
—
$69.3B
$86.8B
Sep '25
$180.2B
$21.2B
50.8%
9.7%
$430M
$55.3B
$66.9B
Jun '25
$167.7B
$18.2B
51.8%
11.4%
$332M
$56.3B
$57.7B
Mar '25
$155.7B
$17.1B
50.6%
11.8%
-$8.0B
$58.8B
$66.2B
Dec '24
$187.8B
—
47.3%
11.3%
—
$58.2B
$78.8B
Sep '24
$158.9B
$15.3B
49.0%
11.0%
$3.4B
$60.6B
$75.1B
Jun '24
$148.0B
$13.5B
50.1%
9.9%
$7.7B
$62.8B
$71.2B
Mar '24
$143.3B
$10.4B
49.3%
10.7%
$4.1B
$66.9B
$72.9B
Dec '23
$170.0B
—
45.5%
7.8%
—
$67.3B
$73.4B
Sep '23
$143.1B
$9.9B
47.6%
7.8%
$8.7B
$67.6B
$49.6B
Jun '23
$134.4B
$6.8B
48.4%
5.7%
$5.0B
$68.6B
$49.5B
Mar '23
$127.4B
$3.2B
46.8%
3.7%
-$9.4B
$70.6B
$49.3B
Dec '22
$149.2B
—
42.6%
1.8%
—
$71.7B
$53.9B
Sep '22
$127.1B
$2.9B
44.7%
2.0%
-$5.0B
$64.6B
$34.9B
Jun '22
$121.2B
-$2.0B
45.2%
2.7%
-$6.8B
$63.7B
$37.5B
Mar '22
$116.4B
-$3.8B
42.9%
3.2%
-$17.7B
$50.6B
$36.4B
Dec '21
$137.4B
—
39.7%
2.5%
—
$50.9B
$36.2B
Sep '21
$110.8B
$3.2B
43.2%
4.4%
-$8.4B
$51.4B
$29.9B
Jun '21
$113.1B
$7.8B
43.2%
6.8%
-$1.6B
$51.8B
$40.4B
Valuation over time
How the market has priced AMZN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 258.5× (Mar '23) to 26.9× (Jun '26).
The price-to-sales ratio has risen from 2.9× (Jan '24) to 3.2× (Feb '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is AMZN growing its revenue and profit?
Over the past 5 years, Amazon's revenue has grown 11.7% per year, and net income grown 68.3% per year. These are computed facts, not advice.
How much debt does AMZN have?
As of FY2026, Amazon reported $122.8B of total debt against $101.8B of cash.
What is AMZN's profit margin?
In FY2026, gross margin was —, operating margin —, and net margin —.
What is AMZN's P/E ratio?
As of Jun '26, Amazon traded at a price-to-earnings ratio of about 26.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.