AMZN

MKT CAP:$2.8T

Amazon.com, Inc.

Market Cap

$2.8T

Consumer Cyclical·Specialty Retail·🇺🇸 United States·NASDAQ

Consumer Cyc.·Specialty Retail·🇺🇸·NASDAQ

Stock Price

$262.70+$36.20 (+15.98%)

Apr 24, 2026

Company Details

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazo...

CEO

Andrew R. Jassy

IPO Date

May 15, 1997

Website

www.aboutamazon.com

Key Metrics TTM

Revenue

$716.9B

+12.4% YoY

Net Income

$77.7B

EPS (Diluted)

$7.17

Free Cash Flow

$7.7B

Revenue / Share

$66.00

Gross Margin

50.3%

Operating Margin

11.2%

Net Margin

10.8%

FCF Margin

1.1%

P/S

4.0x

P/E

36.6x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 5, 2026

$716.9B+12.4%EPS $7.17

Q4 2025

Feb 5, 2026

$213.4B+13.6%EPS $1.95

Q3 2025

Oct 30, 2025

$180.2B+13.4%EPS $1.95

Q2 2025

Jul 31, 2025

$167.7B+13.3%EPS $1.68

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$116.4B	$49.9B	$3.7B
Q2 22	$121.2B	$54.8B	$3.3B
Q3 22	$127.1B	$56.8B	$2.5B
Q4 22	$149.2B	$63.6B	$2.7B
Q1 23	$127.4B	$59.6B	$4.8B
Q2 23	$134.4B	$65.0B	$7.7B
Q3 23	$143.1B	$68.1B	$11.2B
Q4 23	$170.0B	$77.4B	$13.2B
Q1 24	$143.3B	$70.7B	$15.3B
Q2 24	$148.0B	$74.2B	$14.7B
Q3 24	$158.9B	$77.9B	$17.4B
Q4 24	$187.8B	$88.9B	$21.2B
Q1 25	$155.7B	$78.7B	$18.4B
Q2 25	$167.7B	$86.9B	$19.2B
Q3 25	$180.2B	$91.5B	$17.4B
Q4 25	$213.4B	$103.4B	$25.0B

Valuation

Quarter	P/S	P/E
Q1 22	3.6x	80.3x
Q2 22	2.4x	99.3x
Q3 22	2.4x	104.6x
Q4 22	1.7x	—
Q1 23	2.0x	245.3x
Q2 23	2.5x	102.8x
Q3 23	2.4x	66.8x
Q4 23	2.7x	50.9x
Q1 24	3.2x	50.2x
Q2 24	3.4x	46.6x
Q3 24	3.1x	39.1x
Q4 24	3.6x	39.1x
Q1 25	3.1x	30.7x
Q2 25	3.5x	33.2x
Q3 25	3.4x	31.0x
Q4 25	3.5x	31.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$2.8B	-$17.7B
Q2 22	$9.0B	-$6.8B
Q3 22	$11.4B	-$5.0B
Q4 22	$29.2B	$12.6B
Q1 23	$4.8B	-$9.4B
Q2 23	$16.5B	$5.0B
Q3 23	$21.2B	$8.7B
Q4 23	$42.5B	$27.9B
Q1 24	$19.0B	$4.1B
Q2 24	$25.3B	$7.7B
Q3 24	$26.0B	$3.4B
Q4 24	$45.6B	$17.8B
Q1 25	$17.0B	-$8.0B
Q2 25	$32.5B	$332M
Q3 25	$35.5B	$430M
Q4 25	$54.5B	$14.9B

Capital Expenditures

Quarter	CapEx
Q1 22	$15.0B
Q2 22	$15.7B
Q3 22	$16.4B
Q4 22	$16.6B
Q1 23	$14.2B
Q2 23	$11.5B
Q3 23	$12.5B
Q4 23	$14.6B
Q1 24	$14.9B
Q2 24	$17.6B
Q3 24	$22.6B
Q4 24	$27.8B
Q1 25	$25.0B
Q2 25	$32.2B
Q3 25	$35.1B
Q4 25	$39.5B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+7.3%	+13.2%
Q2 22	+7.2%	+11.9%
Q3 22	+14.7%	+17.6%
Q4 22	+8.6%	+9.3%
Q1 23	+9.4%	+8.7%
Q2 23	+10.8%	+7.5%
Q3 23	+12.6%	+5.9%
Q4 23	+13.9%	+7.0%
Q1 24	+12.5%	+4.4%
Q2 24	+10.1%	+5.2%
Q3 24	+11.0%	+7.3%
Q4 24	+10.5%	+6.3%
Q1 25	+8.6%	+7.2%
Q2 25	+13.3%	+11.4%
Q3 25	+13.4%	+15.0%
Q4 25	+13.6%	+13.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3.3B	2.8%
Q2 22	$5.2B	4.3%
Q3 22	$5.6B	4.4%
Q4 22	$5.6B	3.8%
Q1 23	$4.7B	3.7%
Q2 23	$7.1B	5.3%
Q3 23	$5.8B	4.1%
Q4 23	$6.3B	3.7%
Q1 24	$5.0B	3.5%
Q2 24	$6.7B	4.5%
Q3 24	$5.3B	3.4%
Q4 24	$5.0B	2.7%
Q1 25	$3.7B	2.4%
Q2 25	$6.5B	3.9%
Q3 25	$4.8B	2.7%
Q4 25	$4.4B	2.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$14.8B	$2.6B	$8.3B
Q2 22	$18.1B	$2.9B	$10.1B
Q3 22	$19.5B	$3.1B	$11.0B
Q4 22	$20.8B	$3.3B	$12.8B
Q1 23	$20.4B	$3.0B	$10.2B
Q2 23	$21.9B	$3.2B	$10.7B
Q3 23	$21.2B	$2.6B	$10.6B
Q4 23	$22.0B	$3.0B	$12.9B
Q1 24	$20.4B	$2.7B	$9.7B
Q2 24	$22.3B	$3.0B	$10.5B
Q3 24	$22.2B	$2.7B	$10.6B
Q4 24	$23.6B	$2.9B	$13.1B
Q1 25	$23.0B	$2.6B	$9.8B
Q2 25	$27.2B	$3.0B	$11.4B
Q3 25	$29.0B	$2.9B	$11.7B
Q4 25	$29.4B	$2.7B	$14.3B

Revenue Segments

Quarter	Advertising Services	Amazon Web Services	Online Stores	Other Services	Physical Stores	Subscription Services	Third-Party Seller Services
Q1 22	$7.9B	$18.4B	$51.1B	$661M	$4.6B	$8.4B	$25.3B
Q2 22	$8.8B	$19.7B	$50.9B	$1.1B	$4.7B	$8.7B	$27.4B
Q3 22	$9.5B	$20.5B	$53.5B	$1.3B	$4.7B	$8.9B	$28.7B
Q4 22	$11.6B	$21.4B	$64.5B	$1.3B	$5.0B	$9.2B	$36.3B
Q1 23	$9.5B	$21.4B	$51.1B	$1.0B	$4.9B	$9.7B	$29.8B
Q2 23	$10.7B	$22.1B	$53.0B	$1.3B	$5.0B	$9.9B	$32.3B
Q3 23	$12.1B	$23.1B	$57.3B	$1.2B	$5.0B	$10.2B	$34.3B
Q4 23	$14.7B	$24.2B	$70.5B	$1.4B	$5.2B	$10.5B	$43.6B
Q1 24	$11.8B	$25.0B	$54.7B	$1.3B	$5.2B	$10.7B	$34.6B
Q2 24	$12.8B	$26.3B	$55.4B	$1.3B	$5.2B	$10.9B	$36.2B
Q3 24	$14.3B	$27.5B	$61.4B	$1.3B	$5.2B	$11.3B	$37.9B
Q4 24	$17.3B	$28.8B	$75.6B	$1.6B	$5.6B	$11.5B	$47.5B
Q1 25	$13.9B	$29.3B	$57.4B	$1.3B	$5.5B	$11.7B	$36.5B
Q2 25	$15.7B	$30.9B	$61.5B	$1.5B	$5.6B	$12.2B	$40.3B
Q3 25	$17.7B	$33.0B	$67.4B	$1.4B	$5.6B	$12.6B	$42.5B
Q4 25	$21.3B	$35.6B	$83.0B	$1.7B	$5.9B	$13.1B	$52.8B

Revenue by Geography

Quarter	Amazon Web Services Segment	International Segment	North America Segment
Q1 22	$18.4B	$28.8B	$69.2B
Q2 22	$19.7B	$27.1B	$74.4B
Q3 22	$20.5B	$27.7B	$78.8B
Q4 22	—	$15.6B	$133.6B
Q1 23	$21.4B	$29.1B	$76.9B
Q2 23	$22.1B	$29.7B	$82.5B
Q3 23	$23.1B	$32.1B	$87.9B
Q4 23	—	$21.6B	$148.3B
Q1 24	$25.0B	$31.9B	$86.3B
Q2 24	$26.3B	$31.7B	$90.0B
Q3 24	$27.5B	$35.9B	$95.5B
Q4 24	—	$21.7B	$166.1B
Q1 25	$29.3B	$33.5B	$92.9B
Q2 25	$30.9B	$36.8B	$100.1B
Q3 25	$33.0B	$40.9B	$106.3B
Q4 25	$35.6B	$50.7B	$127.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$36.4B	$30.0B	$66.4B
Q2 22	$37.5B	$23.2B	$60.7B
Q3 22	$34.9B	$23.7B	$58.7B
Q4 22	$53.9B	$16.1B	$70.0B
Q1 23	$49.3B	$15.1B	$64.4B
Q2 23	$49.5B	$14.4B	$64.0B
Q3 23	$49.6B	$14.6B	$64.2B
Q4 23	$73.4B	$13.4B	$86.8B
Q1 24	$72.9B	$12.2B	$85.1B
Q2 24	$71.2B	$17.9B	$89.1B
Q3 24	$75.1B	$13.0B	$88.1B
Q4 24	$78.8B	$22.4B	$101.2B
Q1 25	$66.2B	$28.4B	$94.6B
Q2 25	$57.7B	$35.4B	$93.2B
Q3 25	$66.9B	$27.3B	$94.2B
Q4 25	$86.8B	$36.2B	$123.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	10.18B	-1.4%	-0.8%
Q2 22	10.18B	-0.0%	-1.0%
Q3 22	10.33B	+1.5%	+0.3%
Q4 22	10.31B	-0.2%	-0.1%
Q1 23	10.35B	+0.4%	+1.6%
Q2 23	10.45B	+1.0%	+2.7%
Q3 23	10.56B	+1.0%	+2.2%
Q4 23	10.61B	+0.5%	+2.9%
Q1 24	10.67B	+0.6%	+3.1%
Q2 24	10.71B	+0.4%	+2.5%
Q3 24	10.73B	+0.3%	+1.7%
Q4 24	10.77B	+0.3%	+1.5%
Q1 25	10.79B	+0.2%	+1.2%
Q2 25	10.81B	+0.1%	+0.9%
Q3 25	10.85B	+0.4%	+1.0%
Q4 25	10.86B	+0.2%	+0.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$72.4K	1.6M
Q2 22	$75.4K	1.6M
Q3 22	$79.0K	1.6M
Q4 22	$96.8K	1.5M
Q1 23	$82.6K	1.5M
Q2 23	$87.2K	1.5M
Q3 23	$92.9K	1.5M
Q4 23	$111.4K	1.5M
Q1 24	$94.0K	1.5M
Q2 24	$97.0K	1.5M
Q3 24	$104.2K	1.5M
Q4 24	$120.7K	1.6M
Q1 25	$100.0K	1.6M
Q2 25	$107.8K	1.6M
Q3 25	$115.8K	1.6M
Q4 25	$135.4K	1.6M

Revenue / Employee