AMAZON COM INC AMZN
We seek to be Earth's most customer-centric company. We are guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. In each of our segments, we serve our primary customer sets, consisting of consumers, sellers, developers, enterprises, content creators, advertisers, and employees.
We have organized our operations into three segments: North America, International, and Amazon Web Services ("AWS"). These segments reflect the way the Company evaluates its business performance and manages its operations. Information on our net sales is contained in Item 8 of Part II, "Financial Statements and Supplementary Data — Note 10 — Segment Information."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $716.92B | $637.96B | $574.78B | $513.98B | $469.82B | $386.06B | $280.52B | $232.89B | $177.87B | $135.99B |
| Cost of revenue | $356.41B | $326.29B | $304.74B | $288.83B | $272.34B | $233.31B | $165.54B | $139.16B | $111.93B | $88.27B |
| Gross profit | $360.51B | $311.67B | $270.05B | $225.15B | $197.48B | $152.76B | $114.99B | $93.73B | $65.93B | $47.72B |
| SG&A | $11.17B | $11.36B | $11.82B | $11.89B | $8.82B | $6.67B | $5.20B | $4.34B | $3.67B | $2.43B |
| Total operating expenses | $636.95B | $569.37B | $537.93B | $501.74B | $444.94B | $363.17B | $265.98B | $220.47B | $173.76B | $131.80B |
| Operating income | $79.97B | $68.59B | $36.85B | $12.25B | $24.88B | $22.90B | $14.54B | $12.42B | $4.11B | $4.19B |
| Interest expense | $2.27B | $2.41B | $3.18B | $2.37B | $1.81B | $1.65B | $1.60B | $1.42B | $848.0M | $484.0M |
| Pre-tax income | $97.31B | $68.61B | $37.56B | -$5.94B | $38.15B | $24.18B | $13.98B | $11.26B | $3.81B | $3.89B |
| Income tax | $19.09B | $9.27B | $7.12B | $3.22B | $4.79B | $2.86B | $2.37B | $1.20B | $769.0M | $1.43B |
| Net income | $77.67B | $59.25B | $30.43B | -$2.72B | $33.36B | $21.33B | $11.59B | $10.07B | $3.03B | $2.37B |
| EPS, basic | 7.29 | 5.66 | 2.95 | -0.27 | 3.30 | 2.13 | 23.46 | 20.68 | 6.32 | 5.01 |
| EPS, diluted | 7.17 | 5.53 | 2.90 | -0.27 | 3.24 | 2.09 | 23.01 | 20.14 | 6.15 | 4.90 |
| Shares, diluted (wtd. avg.) | $10.83B | $10.72B | $10.49B | $10.19B | $10.30B | $10.20B | $504.0M | $500.0M | $493.0M | $484.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $86.81B | $78.78B | $73.89B | $54.25B | $36.48B | $42.38B | $36.41B | $32.17B | $21.86B | $19.93B |
| Short-term investments | $36.22B | $22.42B | $13.39B | $16.14B | $59.83B | $42.27B | $18.93B | $9.50B | $10.46B | $6.65B |
| Receivables | $67.73B | $55.45B | $52.25B | $42.36B | $32.89B | $24.54B | $20.82B | $16.68B | $13.16B | $8.34B |
| Inventory | $38.33B | $34.21B | $33.32B | $34.41B | $32.64B | $23.80B | $20.50B | $17.17B | $16.05B | $11.46B |
| Total current assets | $229.08B | $190.87B | $172.35B | $146.79B | $161.58B | $132.73B | $96.33B | $75.10B | $60.20B | $45.78B |
| Property, plant and equipment | $357.02B | $252.66B | — | — | — | — | $72.70B | $61.80B | $48.87B | $29.11B |
| Goodwill | $23.27B | $23.07B | $22.79B | $20.29B | $15.37B | $15.02B | $14.75B | $14.55B | $13.35B | $3.78B |
| Other intangibles | $9.20B | $8.60B | $7.69B | $6.10B | $5.11B | $4.98B | $4.05B | $4.11B | $3.37B | $854.0M |
| Total assets | $818.04B | $624.89B | $527.85B | $462.68B | $420.55B | $321.19B | $225.25B | $162.65B | $131.31B | $83.40B |
| Accounts payable | $121.91B | $94.36B | $84.98B | $79.60B | $78.66B | $72.54B | $47.18B | $38.19B | $34.62B | $25.31B |
| Short-term debt | $2.75B | $5.02B | $8.49B | $3.00B | $1.49B | $1.16B | $1.30B | $1.37B | $100.0M | $1.06B |
| Total current liabilities | $218.00B | $179.43B | $164.92B | $155.39B | $142.27B | $126.39B | $87.81B | $68.39B | $57.88B | $43.82B |
| Long-term debt | $65.65B | $52.62B | $58.31B | $67.15B | $48.74B | $31.82B | $23.41B | $23.50B | $24.74B | $7.69B |
| Retained earnings | $250.54B | $172.87B | $113.62B | $83.19B | $85.92B | $52.55B | $31.22B | $19.62B | $8.64B | $4.92B |
| Total equity | $411.06B | $285.97B | $201.88B | $146.04B | $138.25B | $93.40B | $62.06B | $43.55B | $27.71B | $19.29B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $139.51B | $115.88B | $84.95B | $46.75B | $46.33B | $66.06B | $38.51B | $30.72B | $18.36B | $17.20B |
| Depreciation and amortisation | $65.76B | $52.80B | $48.66B | $41.92B | $34.43B | $25.18B | $21.79B | $15.34B | $11.48B | $8.12B |
| Stock-based compensation | $19.47B | $22.01B | $24.02B | $19.62B | $12.76B | $9.21B | $6.86B | $5.42B | $4.21B | $2.98B |
| Capital expenditure | $131.82B | $83.00B | $52.73B | $63.65B | $61.05B | $40.14B | $16.86B | $13.43B | $11.96B | $7.80B |
| Investing cash flow | -$142.54B | -$94.34B | -$49.83B | -$37.60B | -$58.15B | -$59.61B | -$24.28B | -$12.37B | -$27.08B | -$9.52B |
| Financing cash flow | $9.66B | -$11.81B | -$15.88B | $9.72B | $6.29B | -$1.10B | -$10.07B | -$7.69B | $9.93B | -$3.72B |
| Buybacks | — | $0 | $0 | $6.00B | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-041026.
Others in SIC 5961
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CPNG | Coupang, Inc. | $27.51B | 139.0x | 14.1% |
| CDW | CDW Corp | $19.05B | 18.9x | 6.8% |
| W | Wayfair Inc. | $13.12B | — | 5.1% |
| CHWY | Chewy, Inc. | $9.79B | 45.5x | 6.2% |
| NSIT | INSIGHT ENTERPRISES INC | $4.72B | 33.1x | -5.2% |
| PTRN | Pattern Group Inc. | $3.57B | — | 39.3% |
| GCT | GigaCloud Technology Inc | $1.89B | 14.4x | 11.1% |
| RVLV | Revolve Group, Inc. | $1.52B | 24.8x | 8.5% |