Amazon Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	691,330	637,959	574,785	513,983	469,822	386,064
Revenue Growth (YoY)	11.48%	10.99%	11.83%	9.40%	21.70%	37.62%
Cost of Revenue	345,348	326,288	304,739	288,831	272,344	233,307
Gross Profit	345,982	311,671	270,046	225,152	197,478	152,757
Selling, General & Admin	165,142	153,771	146,805	138,428	116,485	87,193
Research & Development	101,081	88,544	85,622	73,213	56,052	42,740
Other Operating Expenses	1,058	763	767	163	62	-75
Operating Expenses	267,281	243,078	233,194	211,804	172,599	129,858
Operating Income	78,701	68,593	36,852	13,348	24,879	22,899
Interest Expense	-2,165	-2,406	-3,182	-2,367	-1,809	-1,647
Interest & Investment Income	4,499	4,677	2,949	989	448	555
Earnings From Equity Investments	-107	-101	-12	-3	4	16
Currency Exchange Gain (Loss)	-144	-408	65	-340	-55	35
Other Non Operating Income (Expenses)	-155	-421	-177	-540	-19	-58
EBT Excluding Unusual Items	80,629	69,934	36,495	11,087	23,448	21,800
Gain (Loss) on Sale of Investments	14,819	-1,421	1,050	-15,926	14,707	2,394
Asset Writedown	-	-	-	-1,100	-	-
Pretax Income	92,948	68,513	37,545	-5,939	38,155	24,194
Income Tax Expense	16,466	9,265	7,120	-3,217	4,791	2,863
Net Income	76,482	59,248	30,425	-2,722	33,364	21,331
Net Income to Common	76,482	59,248	30,425	-2,722	33,364	21,331
Net Income Growth	53.37%	94.73%	-	-	56.41%	84.08%
Shares Outstanding (Basic)	10,616	10,473	10,304	10,189	10,117	10,005
Shares Outstanding (Diluted)	10,804	10,721	10,492	10,189	10,296	10,198
Shares Change (YoY)	1.14%	2.18%	2.97%	-1.04%	0.96%	1.17%
EPS (Basic)	7.20	5.66	2.95	-0.27	3.30	2.13
EPS (Diluted)	7.08	5.53	2.90	-0.27	3.24	2.09
EPS Growth	51.31%	90.69%	-	-	55.02%	81.66%
Free Cash Flow	10,560	32,878	32,217	-16,893	-14,726	25,924
Free Cash Flow Per Share	0.98	3.07	3.07	-1.66	-1.43	2.54
Gross Margin	50.05%	48.85%	46.98%	43.80%	42.03%	39.57%
Operating Margin	11.38%	10.75%	6.41%	2.60%	5.29%	5.93%
Profit Margin	11.06%	9.29%	5.29%	-0.53%	7.10%	5.53%
Free Cash Flow Margin	1.53%	5.15%	5.61%	-3.29%	-3.13%	6.71%
EBITDA	139,697	120,468	85,515	55,269	59,312	48,079
EBITDA Margin	20.21%	18.88%	14.88%	10.75%	12.62%	12.45%
D&A For EBITDA	60,996	51,875	48,663	41,921	34,433	25,180
EBIT	78,701	68,593	36,852	13,348	24,879	22,899
EBIT Margin	11.38%	10.75%	6.41%	2.60%	5.29%	5.93%
Effective Tax Rate	17.71%	13.52%	18.96%	-	12.56%	11.83%
Revenue as Reported	691,330	637,959	574,785	513,983	469,822	386,064
Advertising Expenses	-	21,400	20,300	20,600	-	-

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

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