Amazon Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	+20 Quarters
Period Ending	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021	Dec '20 Dec 31, 2020	+20 Quarters
Revenue	691,330	670,038	650,313	637,959	620,128	604,334	590,740	574,785	554,028	538,046	524,897	513,983	502,191	485,902	477,748	469,822	457,965	443,298	419,130	386,064	Upgrade
Revenue Growth (YoY)	11.48%	10.87%	10.08%	10.99%	11.93%	12.32%	12.54%	11.83%	10.32%	10.73%	9.87%	9.40%	9.66%	9.61%	13.99%	21.70%	31.62%	37.76%	41.47%	37.62%	Upgrade
Cost of Revenue	345,348	337,655	330,631	326,288	319,948	313,993	309,581	304,739	297,826	293,072	290,123	288,831	286,026	278,688	276,440	272,344	268,793	262,969	251,453	233,307	Upgrade
Gross Profit	345,982	332,383	319,682	311,671	300,180	290,341	281,159	270,046	256,202	244,974	234,774	225,152	216,165	207,214	201,308	197,478	189,172	180,329	167,677	152,757	Upgrade
Selling, General & Admin	165,142	160,316	156,506	153,771	153,090	150,118	147,840	146,805	145,556	144,240	141,821	138,428	136,564	130,152	123,614	116,485	110,397	102,901	94,678	87,193	Upgrade
Research & Development	101,081	94,932	90,642	88,544	85,750	85,124	85,162	85,622	82,894	81,724	78,363	73,213	66,102	61,412	57,738	56,052	50,941	48,180	45,331	42,740	Upgrade
Other Operating Expenses	1,058	945	843	763	741	723	772	767	622	453	327	163	178	92	83	62	-458	-386	-107	-75	Upgrade
Operating Expenses	267,281	256,193	247,991	243,078	239,581	235,965	233,774	233,194	229,072	226,417	220,511	211,804	202,844	191,656	181,435	172,599	160,880	150,695	139,902	129,858	Upgrade
Operating Income	78,701	76,190	71,691	68,593	60,599	54,376	47,385	36,852	27,130	18,557	14,263	13,348	13,321	15,558	19,873	24,879	28,292	29,634	27,775	22,899	Upgrade
Interest Expense	-2,165	-2,230	-2,303	-2,406	-2,549	-2,752	-3,003	-3,182	-3,163	-2,974	-2,718	-2,367	-2,155	-2,031	-1,882	-1,809	-1,741	-1,676	-1,644	-1,647	Upgrade
Interest & Investment Income	4,499	4,655	4,750	4,677	4,330	3,850	3,331	2,949	2,493	1,994	1,492	989	662	504	451	448	430	429	458	555	Upgrade
Earnings From Equity Investments	-107	-37	-15	-101	-81	-82	-98	-12	1	2	-1	-3	-15	-16	8	4	25	120	115	16	Upgrade
Currency Exchange Gain (Loss)	-144	-128	-336	-408	-115	-226	-79	65	-149	-158	-284	-340	-233	-237	-10	-55	104	323	226	35	Upgrade
Other Non Operating Income (Expenses)	-155	-155	-207	-421	-354	-333	-316	-177	-581	-611	-614	-540	-127	-141	-77	-19	-14	11	-33	-58	Upgrade
EBT Excluding Unusual Items	80,629	78,295	73,580	69,934	61,830	54,833	47,220	36,495	25,731	16,810	12,138	11,087	11,453	13,637	18,363	23,448	27,096	28,841	26,897	21,800	Upgrade
Gain (Loss) on Sale of Investments	14,819	4,590	3,715	-1,421	-1,960	-812	-897	1,050	-2,071	-2,304	-7,781	-15,926	-1,158	-2,062	4,453	14,707	3,911	4,755	4,281	2,394	Upgrade
Asset Writedown	-	-	-	-	-	-	-	-	-750	-840	-910	-1,100	-350	-260	-190	-	-	-	-	-	Upgrade
Legal Settlements	-2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Upgrade
Pretax Income	92,948	82,885	77,295	68,513	59,870	54,021	46,323	37,545	22,910	13,666	3,447	-5,939	9,945	11,315	22,626	38,155	31,007	33,596	31,178	24,194	Upgrade
Income Tax Expense	16,466	12,262	11,351	9,265	10,002	9,602	8,639	7,120	2,831	594	-847	-3,217	-1,378	-292	1,213	4,791	4,744	4,158	4,275	2,863	Upgrade
Net Income	76,482	70,623	65,944	59,248	49,868	44,419	37,684	30,425	20,079	13,072	4,294	-2,722	11,323	11,607	21,413	33,364	26,263	29,438	26,903	21,331	Upgrade
Net Income to Common	76,482	70,623	65,944	59,248	49,868	44,419	37,684	30,425	20,079	13,072	4,294	-2,722	11,323	11,607	21,413	33,364	26,263	29,438	26,903	21,331	Upgrade
Net Income Growth	53.37%	58.99%	74.99%	94.73%	148.36%	239.80%	777.60%	-	77.33%	12.62%	-79.95%	-	-56.89%	-60.57%	-20.41%	56.41%	51.14%	123.35%	154.72%	84.08%	Upgrade
Shares Outstanding (Basic)	10,616	10,573	10,526	10,473	10,425	10,380	10,340	10,304	10,270	10,237	10,209	10,189	10,173	10,159	10,140	10,117	10,077	10,055	10,030	10,005	Upgrade
Shares Outstanding (Diluted)	10,804	10,777	10,752	10,721	10,682	10,638	10,573	10,492	10,395	10,302	10,233	10,189	10,214	10,245	10,274	10,296	10,280	10,258	10,235	10,198	Upgrade
Shares Change (YoY)	1.14%	1.31%	1.69%	2.18%	2.76%	3.26%	3.32%	2.97%	1.76%	0.56%	-0.40%	-1.04%	-0.64%	-0.13%	0.38%	0.96%	1.08%	1.26%	1.34%	1.17%	Upgrade
EPS (Basic)	7.20	6.68	6.27	5.66	4.78	4.28	3.64	2.95	1.96	1.28	0.42	-0.27	1.11	1.14	2.11	3.30	2.61	2.93	2.68	2.13	Upgrade
EPS (Diluted)	7.08	6.56	6.14	5.53	4.68	4.18	3.56	2.90	1.92	1.26	0.42	-0.27	1.11	1.13	2.08	3.24	2.55	2.87	2.63	2.09	Upgrade
EPS Growth	51.31%	56.77%	72.24%	90.69%	143.63%	230.74%	747.20%	-	72.48%	12.35%	-79.80%	-	-56.42%	-60.83%	-20.77%	55.02%	49.34%	120.74%	151.05%	81.66%	Upgrade
Free Cash Flow	10,560	13,481	20,810	32,878	42,953	48,340	45,700	32,217	16,921	3,209	-8,571	-16,893	-26,323	-29,784	-24,598	-14,726	-2,269	7,067	21,786	25,924	Upgrade
Free Cash Flow Per Share	0.98	1.25	1.94	3.07	4.02	4.54	4.32	3.07	1.63	0.31	-0.84	-1.66	-2.58	-2.91	-2.39	-1.43	-0.22	0.69	2.13	2.54	Upgrade
Gross Margin	50.05%	49.61%	49.16%	48.85%	48.41%	48.04%	47.59%	46.98%	46.24%	45.53%	44.73%	43.80%	43.04%	42.64%	42.14%	42.03%	41.31%	40.68%	40.01%	39.57%	Upgrade
Operating Margin	11.38%	11.37%	11.02%	10.75%	9.77%	9.00%	8.02%	6.41%	4.90%	3.45%	2.72%	2.60%	2.65%	3.20%	4.16%	5.29%	6.18%	6.69%	6.63%	5.93%	Upgrade
Profit Margin	11.06%	10.54%	10.14%	9.29%	8.04%	7.35%	6.38%	5.29%	3.62%	2.43%	0.82%	-0.53%	2.25%	2.39%	4.48%	7.10%	5.73%	6.64%	6.42%	5.53%	Upgrade
Free Cash Flow Margin	1.53%	2.01%	3.20%	5.15%	6.93%	8.00%	7.74%	5.61%	3.05%	0.60%	-1.63%	-3.29%	-5.24%	-6.13%	-5.15%	-3.13%	-0.50%	1.59%	5.20%	6.71%	Upgrade
EBITDA	139,697	133,832	126,144	120,468	111,583	104,049	96,609	85,515	74,658	64,281	58,114	55,269	52,496	53,354	55,991	59,312	60,404	59,321	55,172	48,079	Upgrade
EBITDA Margin	20.21%	19.97%	19.40%	18.88%	17.99%	17.22%	16.35%	14.88%	13.48%	11.95%	11.07%	10.75%	10.45%	10.98%	11.72%	12.62%	13.19%	13.38%	13.16%	12.45%	Upgrade
D&A For EBITDA	60,996	57,642	54,453	51,875	50,984	49,673	49,224	48,663	47,528	45,724	43,851	41,921	39,175	37,796	36,118	34,433	32,112	29,687	27,397	25,180	Upgrade
EBIT	78,701	76,190	71,691	68,593	60,599	54,376	47,385	36,852	27,130	18,557	14,263	13,348	13,321	15,558	19,873	24,879	28,292	29,634	27,775	22,899	Upgrade
EBIT Margin	11.38%	11.37%	11.02%	10.75%	9.77%	9.00%	8.02%	6.41%	4.90%	3.45%	2.72%	2.60%	2.65%	3.20%	4.16%	5.29%	6.18%	6.69%	6.63%	5.93%	Upgrade
Effective Tax Rate	17.71%	14.79%	14.69%	13.52%	16.71%	17.77%	18.65%	18.96%	12.36%	4.35%	-	-	-	-	5.36%	12.56%	15.30%	12.38%	13.71%	11.83%	Upgrade
Revenue as Reported	691,330	670,038	650,313	637,959	620,128	604,334	590,740	574,785	554,028	538,046	524,897	513,983	502,191	485,902	477,748	469,822	457,965	443,298	419,130	386,064	Upgrade
Advertising Expenses	-	-	-	21,400	-	-	-	20,300	-	-	-	20,600	-	-	-	-	-	-	-	-	Upgrade

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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