Amazon
AMZN Nasdaq· Broadline Retail
Last close · Oct 26, 2026
$249.09
KIRA · Stoqly’s AI analyst, in plain words
- Amazon had $716.9B of revenue in fiscal 2025, up 12.4% on the year before. Over five years, revenue changed +13.2% a year on average.
- Its operating margin was 11.2%, up 0.4 pts: of every 100 in sales, about 11 is left after running the business.
- Amazon made $77.7B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 45.2% a year.
- Free cash flow was $7.7B in fiscal 2025, 1.1% of revenue.
- Amazon returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 1.0%.
- Amazon has $41.5B more cash than debt.
Market cap
$2.72T
P/E
20.0x
Revenue
$716.9B
Net income
$77.7B
Free cash flow
$7.7B
Operating margin
11.2%
Amazon in 30 seconds · fiscal 2025
Are sales growing?
+12.4%
Yes. Sales grew 12.4% last year.
Does it make a profit?
10.8%
Yes. It keeps 10.8% of every sale as profit.
Does profit turn into cash?
1.1%
Partly. 1.1% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
20.0x
One share costs 20.0 times its yearly profit per share. Typical for its sector: 17.7x.
What Amazon does
Amazon sells a huge range of products to consumers through its websites, apps and physical stores, and lets other businesses sell in its stores too. It makes its own devices, including Kindle, Echo, Fire TV and Ring, and produces films and series. Its Prime membership bundles fast, free shipping with streaming video, live sports and other perks. Through Amazon Web Services (AWS) it rents computing power, storage, databases and AI tools over the internet to companies, start-ups and government agencies. Amazon reports three segments: North America, International and AWS. In 2025 the International segment made up 23% of revenue, and AWS sales rose 20% from the year before. Besides selling goods itself, Amazon earns fees from third-party sellers, which can include a cut of each sale and charges for storing and shipping their orders. It also earns money from ads shown to shoppers, and from subscriptions.
Biggest risks, in its own words
- Intense competition across its stores, devices, media and cloud businesses, which could force it to cut prices or spend more.
- Running its warehouses, delivery network and data centers well as demand swings up and down.
- Fraud or unlawful products from the third-party sellers that use its stores.
- Outages or a lack of backup systems that could interrupt its websites and cloud services.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 6, 2026
- Legal name
- AMAZON COM INC
- CIK
- 0001018724
Amazon · AMZN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $469.8B | $514.0B | $574.8B | $638.0B | $716.9B |
| Revenue growth | 21.7% | 9.4% | 11.8% | 11.0% | 12.4% |
| Gross margin | 42.0% | 43.8% | 47.0% | 48.9% | 50.3% |
| Operating margin | 5.3% | 2.4% | 6.4% | 10.8% | 11.2% |
| Net income | $33.4B | −$2.7B | $30.4B | $59.2B | $77.7B |
| Net margin | 7.1% | −0.5% | 5.3% | 9.3% | 10.8% |
| Diluted EPS | $3.24 | −$0.27 | $2.90 | $5.53 | $7.17 |
| Cash | |||||
| Cash from operations | $46.3B | $46.8B | $84.9B | $115.9B | $139.5B |
| Capital expenditure | $61.1B | $63.6B | $52.7B | $83.0B | $131.8B |
| Free cash flow | −$14.7B | −$16.9B | $32.2B | $32.9B | $7.7B |
| FCF margin | −3.1% | −3.3% | 5.6% | 5.2% | 1.1% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $6.0B | $0.0M | $0.0M | $0.0M |
| Share count change | 1.0% | −1.0% | 3.0% | 2.2% | 1.0% |
| Debt and strength | |||||
| Cash and short-term investments | $96.0B | $70.0B | $86.8B | $101.2B | $123.0B |
| Debt incl. finance leases | $74.3B | $86.3B | $79.4B | $68.8B | $81.6B |
| Shareholders' equity | $138.2B | $146.0B | $201.9B | $286.0B | $411.1B |
| Net debt / EBITDA | −0.4x | 0.3x | −0.1x | −0.3x | −0.3x |
| Current ratio | 1.1x | 0.9x | 1.1x | 1.1x | 1.1x |
| Interest coverage | 13.8x | 5.2x | 11.6x | 28.5x | 35.2x |
| Returns and quality | |||||
| Return on capital | 23.3% | 6.9% | 16.7% | 26.5% | 20.6% |
| Return on equity | 28.8% | −1.9% | 17.5% | 24.3% | 22.3% |
| Piotroski F-score | 6 | 4 | 8 | 7 | 6 |
| Altman Z'' | 1.9 | 1.1 | 1.9 | 2.7 | 2.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$457M
10 insiders
Of sales under plans
100%
$457M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Amazon · AMZN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Amazon AMZN | $2.72T | 12.4% | 11.2% | 1.1% | 20.6% | 20.0x | 6 |
| Walmart WMT | $959.7B | 4.7% | 4.2% | 2.1% | 16.1% | 43.4x | 7 |
| Costco COST | $446.7B | 10.1% | 3.9% | 3.1% | 40.7% | — | 7 |
| Microsoft MSFT | $3.97T | 17.8% | 46.8% | 20.2% | 30.9% | — | 6 |
| Alphabet GOOGL | $3.90T | 15.1% | 32.0% | 18.2% | 36.7% | 15.9x | 8 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $249.09 a share, the company is worth $2.72T: 20.0 times its earnings of the last four quarters.
Amazon grew sales faster than 2 of its 4 similar companies. Its P/E is higher than 1 of 2.
Source: SEC EDGAR XBRL filings (CIK 0001018724). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.