Growth & profitability
- Revenue has grown 11.7% per year over the past 5 years.
Financial health
- Total debt ($133.3B) exceeds cash ($78.2B); net debt is $55.1B.
- Total debt has grown faster than revenue (16.8% vs 11.7% per year).
AMZN Financials Amazon
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 →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | — | $135.3B | — | — | 24.5% | 12.3% | -$11.6B | $133.3B | $78.2B |
| 2026 | — | $90.8B | — | — | 20.5% | 9.9% | -$2.5B | $122.8B | $101.8B |
| 2025 | $716.9B | $77.7B | 50.3% | 11.2% | 18.9% | 9.5% | $7.7B | $69.3B | $86.8B |
| 2025 | — | $76.5B | — | — | 20.7% | 10.5% | $10.6B | $55.3B | $66.9B |
| 2025 | — | $70.6B | — | — | 21.2% | 10.4% | $13.5B | $56.3B | $57.7B |
| 2025 | — | $65.9B | — | — | 21.6% | 10.3% | $20.8B | $58.8B | $66.2B |
| 2024 | $638.0B | $59.2B | 48.9% | 10.8% | 20.7% | 9.5% | $32.9B | $58.2B | $78.8B |
| 2024 | — | $49.9B | — | — | 19.2% | 8.5% | $43.0B | $60.6B | $75.1B |
| 2024 | — | $44.4B | — | — | 18.8% | 8.0% | $48.3B | $62.8B | $71.2B |
| 2024 | — | $37.7B | — | — | 17.4% | 7.1% | $45.7B | $66.9B | $72.9B |
| 2023 | $574.8B | $30.4B | 47.0% | 6.4% | 15.1% | 5.8% | $32.2B | $67.3B | $73.4B |
| 2023 | — | $20.1B | — | — | 11.0% | 4.1% | $16.9B | $67.6B | $49.6B |
| 2023 | — | $13.1B | — | — | 7.8% | 2.7% | $3.2B | $68.6B | $49.5B |
| 2023 | — | $4.3B | — | — | 2.8% | 0.9% | -$8.6B | $70.6B | $49.3B |
| 2022 | $514.0B | -$2.7B | 43.8% | 2.4% | -1.9% | -0.6% | -$16.9B | $71.7B | $53.9B |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $200.6B | $62.6B | 52.3% | 13.7% | 11.4% | 5.7% | -$8.8B | $133.3B | $78.2B |
| Mar '26 | $181.5B | $30.3B | 51.8% | 13.1% | 6.8% | 3.3% | -$18.2B | $122.8B | $101.8B |
| Dec '25 | $213.4B | — | 48.5% | 11.7% | 0.0% | 0.0% | — | $69.3B | $86.8B |
| Sep '25 | $180.2B | $21.2B | 50.8% | 9.7% | 5.7% | 2.9% | $430M | $55.3B | $66.9B |
| Jun '25 | $167.7B | $18.2B | 51.8% | 11.4% | 5.4% | 2.7% | $332M | $56.3B | $57.7B |
| Mar '25 | $155.7B | $17.1B | 50.6% | 11.8% | 5.6% | 2.7% | -$8.0B | $58.8B | $66.2B |
| Dec '24 | $187.8B | — | 47.3% | 11.3% | 0.0% | 0.0% | — | $58.2B | $78.8B |
| Sep '24 | $158.9B | $15.3B | 49.0% | 11.0% | 5.9% | 2.6% | $3.4B | $60.6B | $75.1B |
| Jun '24 | $148.0B | $13.5B | 50.1% | 9.9% | 5.7% | 2.4% | $7.7B | $62.8B | $71.2B |
| Mar '24 | $143.3B | $10.4B | 49.3% | 10.7% | 4.8% | 2.0% | $4.1B | $66.9B | $72.9B |
| Dec '23 | $170.0B | — | 45.5% | 7.8% | 0.0% | 0.0% | — | $67.3B | $73.4B |
| Sep '23 | $143.1B | $9.9B | 47.6% | 7.8% | 5.4% | 2.0% | $8.7B | $67.6B | $49.6B |
| Jun '23 | $134.4B | $6.8B | 48.4% | 5.7% | 4.0% | 1.4% | $5.0B | $68.6B | $49.5B |
| Mar '23 | $127.4B | $3.2B | 46.8% | 3.7% | 2.1% | 0.7% | -$9.4B | $70.6B | $49.3B |
| Dec '22 | $149.2B | — | 42.6% | 1.8% | 0.0% | 0.0% | — | $71.7B | $53.9B |
| Sep '22 | $127.1B | $2.9B | 44.7% | 2.0% | 2.1% | 0.7% | -$5.0B | $64.6B | $34.9B |
| Jun '22 | $121.2B | -$2.0B | 45.2% | 2.7% | -1.5% | -0.5% | -$6.8B | $63.7B | $37.5B |
| Mar '22 | $116.4B | -$3.8B | 42.9% | 3.2% | -2.9% | -0.9% | -$17.7B | $50.6B | $36.4B |
| Dec '21 | $137.4B | — | 39.7% | 2.5% | 0.0% | 0.0% | — | $50.9B | $36.2B |
| Sep '21 | $110.8B | $3.2B | 43.2% | 4.4% | 2.6% | 0.8% | -$8.4B | $51.4B | $29.9B |
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 259.2× (Mar '23) to 20.6× (Sep '26).
- The price-to-sales ratio has risen from 2.9× (Jan '24) to 3.2× (Feb '26).
P/E
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. These are computed facts, not advice.
How much debt does AMZN have?
As of FY2026, Amazon reported $133.3B of total debt against $78.2B 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 Sep '26, Amazon traded at a price-to-earnings ratio of about 20.6× (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.
See also: Big Tech capital expenditures — AMZN's quarterly capex alongside the other hyperscalers, from the same filings.
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.