Amazon.com Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	716,924	637,959	574,785	513,983	469,822
Revenue Growth (YoY)	12.38%	10.99%	11.83%	9.40%	21.70%
Cost of Revenue	356,414	326,288	304,739	288,831	272,344
Gross Profit	360,510	311,671	270,046	225,152	197,478
Selling, General & Admin	167,375	153,771	146,805	138,428	116,485
Research & Development	108,521	88,544	85,622	73,213	56,052
Other Operating Expenses	4,639	763	767	163	62
Operating Expenses	280,535	243,078	233,194	211,804	172,599
Operating Income	79,975	68,593	36,852	13,348	24,879
Interest Expense	-2,274	-2,406	-3,182	-2,367	-1,809
Interest & Investment Income	4,381	4,677	2,949	989	448
Earnings From Equity Investments	-554	-101	-12	-3	4
Currency Exchange Gain (Loss)	19	-408	65	-340	-55
Other Non Operating Income (Expenses)	-91	-414	-112	-540	-19
EBT Excluding Unusual Items	81,456	69,941	36,560	11,087	23,448
Gain (Loss) on Sale of Investments	15,301	-1,428	985	-15,926	14,707
Asset Writedown	-	-	-	-1,100	-
Pretax Income	96,757	68,513	37,545	-5,939	38,155
Income Tax Expense	19,087	9,265	7,120	-3,217	4,791
Net Income	77,670	59,248	30,425	-2,722	33,364
Net Income to Common	77,670	59,248	30,425	-2,722	33,364
Net Income Growth	31.09%	94.73%	-	-	56.41%
Shares Outstanding (Basic)	10,656	10,473	10,304	10,189	10,117
Shares Outstanding (Diluted)	10,827	10,721	10,492	10,189	10,296
Shares Change (YoY)	0.99%	2.18%	2.97%	-1.04%	0.96%
EPS (Basic)	7.29	5.66	2.95	-0.27	3.30
EPS (Diluted)	7.17	5.53	2.90	-0.27	3.24
EPS Growth	29.66%	90.69%	-	-	55.02%
Free Cash Flow	7,695	32,878	32,217	-16,893	-14,726
Free Cash Flow Per Share	0.71	3.07	3.07	-1.66	-1.43
Gross Margin	50.29%	48.85%	46.98%	43.80%	42.03%
Operating Margin	11.15%	10.75%	6.41%	2.60%	5.29%
Profit Margin	10.83%	9.29%	5.29%	-0.53%	7.10%
Free Cash Flow Margin	1.07%	5.15%	5.61%	-3.29%	-3.13%
EBITDA	145,731	121,388	85,515	55,269	59,312
EBITDA Margin	20.33%	19.03%	14.88%	10.75%	12.62%
D&A For EBITDA	65,756	52,795	48,663	41,921	34,433
EBIT	79,975	68,593	36,852	13,348	24,879
EBIT Margin	11.15%	10.75%	6.41%	2.60%	5.29%
Effective Tax Rate	19.73%	13.52%	18.96%	-	12.56%
Revenue as Reported	716,924	637,959	574,785	513,983	469,822
Advertising Expenses	23,500	21,400	20,300	20,600	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.