A

AMAZON COM INC

AMZN · CIK 0001018724

19 fiscal years · 69 SEC filings · every number carries its receipt

Revenue (FY)
$716.92B12.4%
FY2025
Net income (FY)
$77.67B31.1%
FY2025
Free cash flow (FY)
$7.70B76.6%
FY2025
Diluted EPS (FY)
$7.1729.7%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$500BFY2007 · Revenue $14.84B · Net income $476.0M · 0001193125-10-016098 · filed 2010-01-29FY07Revenue $14.84BNet income $476.0M0001193125-10-016098 · filed 2010-01-29FY2008 · Revenue $19.17B · Net income $645.0M · 0001193125-11-016253 · filed 2011-01-28FY08Revenue $19.17BNet income $645.0M0001193125-11-016253 · filed 2011-01-28FY2009 · Revenue $24.51B · Net income $902.0M · 0001193125-12-032846 · filed 2012-02-01FY09Revenue $24.51BNet income $902.0M0001193125-12-032846 · filed 2012-02-01FY2010 · Revenue $34.20B · Net income $1.15B · 0001193125-13-028520 · filed 2013-01-30FY10Revenue $34.20BNet income $1.15B0001193125-13-028520 · filed 2013-01-30FY2011 · Revenue $48.08B · Net income $631.0M · 0001018724-14-000006 · filed 2014-01-31FY11Revenue $48.08BNet income $631.0M0001018724-14-000006 · filed 2014-01-31FY2012 · Revenue $61.09B · Net income −$39.0M · 0001018724-15-000006 · filed 2015-01-30FY12Revenue $61.09BNet income −$39.0M0001018724-15-000006 · filed 2015-01-30FY2013 · Revenue $74.45B · Net income $274.0M · 0001018724-16-000172 · filed 2016-01-29FY13Revenue $74.45BNet income $274.0M0001018724-16-000172 · filed 2016-01-29FY2014 · Revenue $88.99B · Net income −$241.0M · 0001018724-17-000011 · filed 2017-02-10FY14Revenue $88.99BNet income −$241.0M0001018724-17-000011 · filed 2017-02-10FY2015 · Revenue $107.01B · Net income $596.0M · 0001018724-18-000005 · filed 2018-02-02FY15Revenue $107.01BNet income $596.0M0001018724-18-000005 · filed 2018-02-02FY2016 · Revenue $135.99B · Net income $2.37B · 0001018724-19-000004 · filed 2019-02-01FY16Revenue $135.99BNet income $2.37B0001018724-19-000004 · filed 2019-02-01FY2017 · Revenue $177.87B · Net income $3.03B · 0001018724-20-000004 · filed 2020-01-31FY17Revenue $177.87BNet income $3.03B0001018724-20-000004 · filed 2020-01-31FY2018 · Revenue $232.89B · Net income $10.07B · 0001018724-21-000004 · filed 2021-02-03FY18Revenue $232.89BNet income $10.07B0001018724-21-000004 · filed 2021-02-03FY2019 · Revenue $280.52B · Net income $11.59B · 0001018724-22-000005 · filed 2022-02-04FY19Revenue $280.52BNet income $11.59B0001018724-22-000005 · filed 2022-02-04FY2020 · Revenue $386.06B · Net income $21.33B · 0001018724-23-000004 · filed 2023-02-03FY20Revenue $386.06BNet income $21.33B0001018724-23-000004 · filed 2023-02-03FY2021 · Revenue $469.82B · Net income $33.36B · 0001018724-24-000008 · filed 2024-02-02FY21Revenue $469.82BNet income $33.36B0001018724-24-000008 · filed 2024-02-02FY2022 · Revenue $513.98B · Net income −$2.72B · 0001018724-25-000004 · filed 2025-02-07FY22Revenue $513.98BNet income −$2.72B0001018724-25-000004 · filed 2025-02-07FY2023 · Revenue $574.78B · Net income $30.43B · 0001018724-26-000004 · filed 2026-02-06FY23Revenue $574.78BNet income $30.43B0001018724-26-000004 · filed 2026-02-06FY2024 · Revenue $637.96B · Net income $59.25B · 0001018724-26-000004 · filed 2026-02-06FY24Revenue $637.96BNet income $59.25B0001018724-26-000004 · filed 2026-02-06FY2025 · Revenue $716.92B · Net income $77.67B · 0001018724-26-000004 · filed 2026-02-06FY25Revenue $716.92BNet income $77.67B0001018724-26-000004 · filed 2026-02-06FY25Revenue $716.92BNet income $77.67B0001018724-26-000004 · filed 2026-02-06FY07FY10FY13FY16FY19FY22FY25

revenue 48.3× since FY2007 · net margin 3.2% → 10.8%

MarginsNet marginFCF margin
0%5%10%FY2007 · Net margin 3.2% · FCF margin 8.0%FY07Net margin 3.2%FCF margin 8.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 3.4% · FCF margin 7.1%FY08Net margin 3.4%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 3.7% · FCF margin 11.9%FY09Net margin 3.7%FCF margin 11.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 3.4% · FCF margin 7.4%FY10Net margin 3.4%FCF margin 7.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 1.3% · FCF margin 4.4%FY11Net margin 1.3%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin -0.1% · FCF margin 0.6%FY12Net margin -0.1%FCF margin 0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 0.4% · FCF margin 2.7%FY13Net margin 0.4%FCF margin 2.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin -0.3% · FCF margin 2.2%FY14Net margin -0.3%FCF margin 2.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 0.6% · FCF margin 7.0%FY15Net margin 0.6%FCF margin 7.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 1.7% · FCF margin 7.7%FY16Net margin 1.7%FCF margin 7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 1.7% · FCF margin 3.6%FY17Net margin 1.7%FCF margin 3.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 4.3% · FCF margin 7.4%FY18Net margin 4.3%FCF margin 7.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 4.1% · FCF margin 7.7%FY19Net margin 4.1%FCF margin 7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 5.5% · FCF margin 6.7%FY20Net margin 5.5%FCF margin 6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 7.1% · FCF margin -3.1%FY21Net margin 7.1%FCF margin -3.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin -0.5% · FCF margin -3.3%FY22Net margin -0.5%FCF margin -3.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 5.3% · FCF margin 5.6%FY23Net margin 5.3%FCF margin 5.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 9.3% · FCF margin 5.2%FY24Net margin 9.3%FCF margin 5.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 10.8% · FCF margin 1.1%FY25Net margin 10.8%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 10.8%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 10.8% · free cash flow 1.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$50B$100B$150BFY2007 · OCF $1.41B · FCF $1.18B · 0001193125-10-016098 · filed 2010-01-29FY07OCF $1.41BFCF $1.18B0001193125-10-016098 · filed 2010-01-29FY2008 · OCF $1.70B · FCF $1.36B · 0001193125-11-016253 · filed 2011-01-28FY08OCF $1.70BFCF $1.36B0001193125-11-016253 · filed 2011-01-28FY2009 · OCF $3.29B · FCF $2.92B · 0001193125-12-032846 · filed 2012-02-01FY09OCF $3.29BFCF $2.92B0001193125-12-032846 · filed 2012-02-01FY2010 · OCF $3.50B · FCF $2.52B · 0001193125-13-028520 · filed 2013-01-30FY10OCF $3.50BFCF $2.52B0001193125-13-028520 · filed 2013-01-30FY2011 · OCF $3.90B · FCF $2.09B · 0001018724-14-000006 · filed 2014-01-31FY11OCF $3.90BFCF $2.09B0001018724-14-000006 · filed 2014-01-31FY2012 · OCF $4.18B · FCF $395.0M · 0001018724-15-000006 · filed 2015-01-30FY12OCF $4.18BFCF $395.0M0001018724-15-000006 · filed 2015-01-30FY2013 · OCF $5.47B · FCF $2.03B · 0001018724-16-000172 · filed 2016-01-29FY13OCF $5.47BFCF $2.03B0001018724-16-000172 · filed 2016-01-29FY2014 · OCF $6.84B · FCF $1.95B · 0001018724-17-000011 · filed 2017-02-10FY14OCF $6.84BFCF $1.95B0001018724-17-000011 · filed 2017-02-10FY2015 · OCF $12.04B · FCF $7.45B · 0001018724-18-000005 · filed 2018-02-02FY15OCF $12.04BFCF $7.45B0001018724-18-000005 · filed 2018-02-02FY2016 · OCF $17.20B · FCF $10.47B · 0001018724-19-000004 · filed 2019-02-01FY16OCF $17.20BFCF $10.47B0001018724-19-000004 · filed 2019-02-01FY2017 · OCF $18.36B · FCF $6.41B · 0001018724-20-000004 · filed 2020-01-31FY17OCF $18.36BFCF $6.41B0001018724-20-000004 · filed 2020-01-31FY2018 · OCF $30.72B · FCF $17.30B · 0001018724-21-000004 · filed 2021-02-03FY18OCF $30.72BFCF $17.30B0001018724-21-000004 · filed 2021-02-03FY2019 · OCF $38.51B · FCF $21.65B · 0001018724-22-000005 · filed 2022-02-04FY19OCF $38.51BFCF $21.65B0001018724-22-000005 · filed 2022-02-04FY2020 · OCF $66.06B · FCF $25.92B · 0001018724-23-000004 · filed 2023-02-03FY20OCF $66.06BFCF $25.92B0001018724-23-000004 · filed 2023-02-03FY2021 · OCF $46.33B · FCF −$14.73B · 0001018724-24-000008 · filed 2024-02-02FY21OCF $46.33BFCF −$14.73B0001018724-24-000008 · filed 2024-02-02FY2022 · OCF $46.75B · FCF −$16.89B · 0001018724-25-000004 · filed 2025-02-07FY22OCF $46.75BFCF −$16.89B0001018724-25-000004 · filed 2025-02-07FY2023 · OCF $84.95B · FCF $32.22B · 0001018724-26-000004 · filed 2026-02-06FY23OCF $84.95BFCF $32.22B0001018724-26-000004 · filed 2026-02-06FY2024 · OCF $115.88B · FCF $32.88B · 0001018724-26-000004 · filed 2026-02-06FY24OCF $115.88BFCF $32.88B0001018724-26-000004 · filed 2026-02-06FY2025 · OCF $139.51B · FCF $7.70B · 0001018724-26-000004 · filed 2026-02-06FY25OCF $139.51BFCF $7.70B0001018724-26-000004 · filed 2026-02-06FY25OCF $139.51BFCF $7.70B0001018724-26-000004 · filed 2026-02-06’09’13’17’21’25

FY2025: $139.51B operating cash − $131.82B capex = $7.70B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2008 · ROE 24.1% · ROA 7.8%FY08ROE 24.1%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 17.2% · ROA 6.5%FY09ROE 17.2%ROA 6.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 16.8% · ROA 6.1%FY10ROE 16.8%ROA 6.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 8.1% · ROA 2.5%FY11ROE 8.1%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE -0.5% · ROA -0.1%FY12ROE -0.5%ROA -0.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 2.8% · ROA 0.7%FY13ROE 2.8%ROA 0.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE -2.2% · ROA -0.4%FY14ROE -2.2%ROA -0.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 4.5% · ROA 0.9%FY15ROE 4.5%ROA 0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 12.3% · ROA 2.8%FY16ROE 12.3%ROA 2.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 10.9% · ROA 2.3%FY17ROE 10.9%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 23.1% · ROA 6.2%FY18ROE 23.1%ROA 6.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 18.7% · ROA 5.1%FY19ROE 18.7%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 22.8% · ROA 6.6%FY20ROE 22.8%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 24.1% · ROA 7.9%FY21ROE 24.1%ROA 7.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -1.9% · ROA -0.6%FY22ROE -1.9%ROA -0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 15.1% · ROA 5.8%FY23ROE 15.1%ROA 5.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 20.7% · ROA 9.5%FY24ROE 20.7%ROA 9.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 18.9% · ROA 9.5%FY25ROE 18.9%ROA 9.5%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 18.9%ROA 9.5%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 24% (FY2008) → 19% (FY2025) · on assets 9.5%

The receipts