FirmAtlas
Company handbook · AMZN · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
AMZN · CIK 1018724 · LATEST FILING: 10-Q JUN '26 · FILED JUL 31, 2026
AMAZON.COM, INC.
$250.00
−4.76 (−1.87%)
Close, Oct 16, 2026 · 52-week $196–287
Amazon sells goods online and in its stores, both its own stock and items from third-party sellers who pay it fees. It also sells cloud computing through Amazon Web Services (AWS), advertising and Prime memberships, and makes devices such as Kindle, Echo and Fire TV.
Business
- SegmentsNorth America 59% · International 23% · Amazon Web Services 18% (FY25)
- ProductsRetail Products 38% · Thirdpartysellerservices 24% · Amazon Web Services 18% · Advertising 10% · Retailsubscriptionservices 7% · Physical Stores 3% · Other Services 1% (FY25)
- RegionsUS 68% · Germany 6% · UK 6% · Japan 4% · Other 15% (FY25)
- CustomersConsumers, third-party sellers, advertisers, and businesses and developers that use AWS; sold through its websites and apps, its own stores, and the AWS sales force
- Cash useFY24–FY25: capex $214.8B
Reinvested 84% of operating cash flow
Last fiscal year
AMAZON.COM, INC. reported revenue of $716.9B for the year ended Dec 31, 2025 (FY25), up 12.4% from FY24. Net income was $77.7B, operating cash flow $139.5B and free cash flow $7.7B. Source: 10-K filed Feb 6, 2026.
Market cap
$2.68T
P/E
19.8
EV/EBITDA
18.0x
P/B
4.9
ROIC
21.7%
Revenue 1Y
12.4%/yr
EPS 1Y
29.7%/yr
Shares 1Y
+1%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOAndy Jassy
HQSeattle, WA
AuditorErnst & Young LLP
Employees1,576,000
Year endsDecember
Revenue by segment · FY25
North America59%
International23%
Amazon Web Services18%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
19.8%
8.0%
23.6%
16.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$214.8B deployed
Capex
$214.8B
100.0%
Operating cash flow over the period: $255.4B. Total debt changed by +$11.1B.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (20-for-1 split after FY20).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
637,959
716,924+12.4%
775,680
YoY
+12.4%
Operating income
68,593
79,975+16.6%
93,712
Operating margin
10.8%
11.2%+0.4 pp
—
EBITDA
121,388
145,731+20.1%
—
EBITDA margin
19.0%
20.3%+1.3 pp
—
Interest expense
2,406
2,274−5.5%
—
Interest coverage
50.45x
64.09x+13.63x
—
Net income
59,248
77,670+31.1%
135,281
YoY
+31.1%
Net margin
9.3%
10.8%+1.5 pp
—
EPS (diluted, $)
5.53
7.17+29.7%
12.45
YoY
+29.7%
Balance sheet
Total assets
624,894
818,042+30.9%
1,095,689
Cash & short-term investments
104,735
126,325+20.6%
—
Accounts receivable
55,451
67,729+22.1%
—
Inventory
34,214
38,325+12.0%
—
Net PP&E
252,665
357,025+41.3%
—
Other assets
177,829
228,638+28.6%
—
Total liabilities
338,924
406,977+20.1%
544,069
Accounts payable
94,363
121,909+29.2%
—
Total debt
58,151
69,291+19.2%
133,320
Other liabilities
186,410
215,777+15.8%
—
Shareholders’ equity
285,970
411,065+43.7%
551,620
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
115,877
139,514+20.4%
161,403
Net income
59,248
77,670+31.1%
—
Depreciation & amortization
52,795
65,756+24.5%
—
Stock-based compensation
22,011
19,467−11.6%
—
Working capital & other
(18,177)
(23,379)n/m
—
Cash from investing
(94,342)
(142,545)n/m
—
Capex
(82,999)
(131,819)n/m
—
Investments bought
(5,300)
(54,770)n/m
—
Investments sold / matured
16,403
44,386+170.6%
—
Other investing
(22,446)
(342)n/m
—
Cash from financing
(11,812)
9,661n/m
—
Debt raised
0
15,673n/m
—
Debt repaid
(9,182)
(5,021)n/m
—
Buybacks
0
—
—
Other financing
(2,630)
(991)n/m
—
Net change in cash
8,422
7,794−7.5%
—
Free cash flow (OCF − capex)
32,878
7,695−76.6%
(11,625)
Where the cash went
Operating cash flow
115,877
139,514+20.4%
161,403
Reinvested in the business
82,999
131,819+58.8%
—
% of operating cash flow
71.6%
94.5%
Capex
82,999
131,819+58.8%
173,028
Free cash flow
32,878
7,695−76.6%
(11,625)
YoY
−76.6%
Returned to shareholders
0
—
—
% of free cash flow
0.0%
—
Buybacks
0
—
—
Change in total debt
—
11,140
—
Cash left over
—
18,835
—
FCF conversion (FCF ÷ net income)
55.5%
9.9%−45.6 pp
—
Owner earnings
—
22,764
—
Owner earnings margin
—
3.2%
—
Returns & ratios
ROIC (all capital)
24.8%
21.7%−3.1 pp
—
ROIC (operating)
23.9%
21.8%−2.1 pp
—
Net debt / EBITDA
−0.38x
−0.39x−0.01x
—
Debt / equity
0.20x
0.17x−0.03x
—
Cash conversion cycle (days)
−3
−8−5 d
—
ROE
20.7%
18.9%−1.8 pp
—
ROA
9.5%
9.5%+0.0 pp
—
ROCE
15.4%
13.3%−2.1 pp
—
NOPAT
59,331
64,288+8.4%
—
Invested capital (operating)
247,967
341,170+37.6%
—
Invested capital (all)
239,386
354,031+47.9%
—
Reinvestment rate
—
145.0%
—
Debtor days
32
34+3 d
—
Inventory days
20
20−0 d
—
Days payable
54
62+8 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
180,169
213,386
181,519
200,606
vs year-ago quarter
Operating income
17,422
24,977
23,852
27,461
Net income
21,187
21,192
30,255
62,647
vs year-ago quarter
Net margin
11.8%
9.9%
16.7%
31.2%
EPS (diluted, $)
1.95
1.97
2.78
5.75
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
727,921
818,042
916,630
1,095,689
Cash & equivalents
70,464
126,325
104,692
80,927
Total debt
55,317
69,291
122,784
133,320
Shareholders’ equity
369,631
411,065
441,914
551,620
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
35,525
54,459
26,032
45,387
Capex
35,095
39,522
44,203
54,208
Free cash flow
430
14,937
(18,171)
(8,821)
vs year-ago quarter