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Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, fire tablets, fire TVs, echo, ring, blink, and eero; and develops and produces media content. In addition, the company offers programs that enable sellers to sell their products in its stores; and programs that allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, it provides compute, storage, Artificial intelligence, database, analytics, machine learning, and other services, as well as advertising services through programs, such as sponsored ads, display, and video advertising. Additionally, the company offers Amazon Prime, a membership program. The company's products offered through its stores include merchandise and content purchased for resale and products offered by third-party sellers. It serves consumers, sellers, developers, enterprises, content creators, advertisers, and employees. The company was incorporated in 1994 and is headquartered in Seattle, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $716.9B | $165.3B | $77.7B | $7.7B | 18.9% | 12.4% | 31.1% |
| 2024 | $638.0B | $123.8B | $59.2B | $32.9B | 20.7% | 11.0% | 94.7% |
| 2023 | $574.8B | $89.4B | $30.4B | $32.2B | 15.1% | 11.8% | -1217.7% |
| 2022 | $514.0B | $38.4B | $-2.7B | $-16.9B | -1.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 513,983 | 574,785 | 637,959 | 716,924 |
| Operating Revenue | - | 513,983 | 574,785 | 637,959 | 716,924 |
| Cost Of Revenue | - | 288,831 | 304,739 | 326,288 | 356,414 |
| Gross Profit | - | 225,152 | 270,046 | 311,671 | 360,510 |
| Operating Expense | - | 212,904 | 233,194 | 243,078 | 280,535 |
| Selling General And Administration | - | 54,129 | 56,186 | 55,266 | 58,301 |
| Total Expenses | - | 501,735 | 537,933 | 569,366 | 636,949 |
| Operating Income | - | 12,248 | 36,852 | 68,593 | 79,975 |
| Total Operating Income As Reported | - | 12,248 | 36,852 | 68,593 | 79,975 |
| EBITDA | - | 38,352 | 89,402 | 123,815 | 165,341 |
| Normalized EBITDA | - | 54,618 | 88,352 | 125,651 | 150,021 |
| EBIT | - | -3,569 | 40,739 | 71,020 | 99,585 |
| Interest Income | - | 989 | 2,949 | 4,677 | 4,381 |
| Interest Expense | - | 2,367 | 3,182 | 2,406 | 2,274 |
| Net Interest Income | - | -1,378 | -233 | 2,271 | 2,107 |
| Other Non Operating Income Expenses | - | -540 | -112 | -414 | -91 |
| Other Income Expense | - | -16,806 | 938 | -2,250 | 15,229 |
| Interest Income Non Operating | - | 989 | 2,949 | 4,677 | 4,381 |
| Interest Expense Non Operating | - | 2,367 | 3,182 | 2,406 | 2,274 |
| Net Non Operating Interest Income Expense | - | -1,378 | -233 | 2,271 | 2,107 |
| Pretax Income | - | -5,936 | 37,557 | 68,614 | 97,311 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3,415.86 | 199.06 | -247.92 | 3,004.93 |
| Net Income Continuous Operations | - | -2,722 | 30,425 | 59,248 | 77,670 |
| Net Income From Continuing And Discontinued Operation | - | -2,722 | 30,425 | 59,248 | 77,670 |
| Net Income From Continuing Operation Net Minority Interest | - | -2,722 | 30,425 | 59,248 | 77,670 |
| Net Income | - | -2,722 | 30,425 | 59,248 | 77,670 |
| Net Income Common Stockholders | - | -2,722 | 30,425 | 59,248 | 77,670 |
| Net Income Including Noncontrolling Interests | - | -2,722 | 30,425 | 59,248 | 77,670 |
| Normalized Income | - | 10,128.14 | 29,574.06 | 60,836.08 | 65,354.93 |
| Diluted NI Availto Com Stockholders | - | -2,722 | 30,425 | 59,248 | 77,670 |
| Basic Average Shares | - | 10,189 | 10,304 | 10,473 | 10,656 |
| Diluted Average Shares | - | 10,189 | 10,492 | 10,721 | 10,827 |
| Reconciled Depreciation | - | 41,921 | 48,663 | 52,795 | 65,756 |
| Reconciled Cost Of Revenue | - | 288,831 | 304,739 | 326,288 | 356,414 |
| Total Unusual Items | - | -16,266 | 1,050 | -1,836 | 15,320 |
| Total Unusual Items Excluding Goodwill | - | -16,266 | 1,050 | -1,836 | 15,320 |
| Earnings From Equity Interest Net Of Tax | - | -3 | -12 | -101 | -554 |
| Gain On Sale Of Security | - | -16,266 | 1,050 | -1,836 | 15,320 |
| General And Administrative Expense | - | 11,891 | 11,816 | 11,359 | 11,172 |
| Other Gand A | - | 11,891 | 11,816 | 11,359 | 11,172 |
| Other Operating Expenses | - | 158,775 | 177,008 | 187,812 | 222,234 |
| Selling And Marketing Expense | - | 42,238 | 44,370 | 43,907 | 47,129 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Amazon.com, Inc.this co. | AMZN | $2.7T | 35.15↑ premium | 6.64 | 18.9% | 16.69 |
| Tesla, Inc. | TSLA | $1.6T | 414.23 | 19.13 | 4.6% | 133.44 |
| The Home Depot, Inc. | HD | $309.1B | 21.83 | 24.12 | 110.5% | 14.84 |
| McDonald's Corporation | MCD | $193.8B | 22.63 | - | -478.4% | 16.88 |
| The TJX Companies, Inc. | TJX | $175.2B | 31.90 |
| - |
| - |
| - |
| - |
| - |
| 17.20 |
| 53.9% |
| 21.17 |
| Booking Holdings Inc. | BKNG | $129.8B | 24.02 | -23.27 | -96.9% | 14.31 |
| PDD Holdings Inc. | PDD | $122.2B | 1.25 | 0.30 | 23.7% | -2.41 |
| Lowe's Companies, Inc. | LOW | $116.4B | 17.49 | -11.73 | -67.1% | 12.84 |
| Starbucks Corporation | SBUX | $107.3B | 57.80 | -13.25 | -22.9% | 27.10 |
| Peer Median | - | 23.32 | 0.30 | -9.2% | 15.86 | |