
Amazon.com Income Statement 2025-2011 | AMZN
Brief overview of income trends at Amazon.com
The conclusions below are based on five years of reported results. Revenue at Amazon.com moved from 136 billion dollars in 2016 to 470 billion dollars in 2021. Overall revenue changed by +245.5%, equal to an annualized rate of about 28.1%. The company expanded its revenue base at a high speed.
At the gross-profit level, the result moved from $30.1 billion to $197 billion, a change of +556%. Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. At the margin level, the figure shifted from 22.1% to 42%. The expansion indicates stronger pricing power or better control of direct costs.
The five-year EBITDA result moved by +382.1%: from 12.3 billion dollars to 59.3 billion dollars. EBITDA expanded faster than the top line. EBITDA margin was 9% at the start and 12.6% at the end. The increased EBITDA share is a positive sign.
Net profit was $2.4 billion at the start and $33.4 billion at the end. The latest figure was the best within the selected horizon.
The five-year change in capitalization reached +284.5%: from 394 billion dollars to 1.5 trillion dollars. Market value lagged the financial performance.
What the figures show
The five-year financial profile is predominantly positive. Key strengths include net-income growth, a larger revenue base and better sales economics. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Amazon.com
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
2.11 T | 2.4 T | 1.8 T | 1.36 T | 1.51 T | 1.6 T | 49.6 B | 42.1 B | 34.8 B | 394 B | 274 B | 164 B | 184 B | 124 B | 87 B |
Shares |
10.7 B | 10.5 B | 10.3 B | 10.2 B | 10.1 B | 10 B | 494 M | 490 M | 480 M | 474 M | 467 M | 462 M | 457 M | 453 M | 453 M |
Historical Prices |
198 | 230 | 175 | 133 | 150 | 160 | 100 | 85.9 | 72.5 | 41.2 | 29.4 | 17.7 | 17.9 | 13.3 | 9.72 |
Net Income |
77.7 B | 59.2 B | 30.4 B | -2.72 B | 33.4 B | 21.3 B | 11.6 B | 3.03 B | 3.03 B | 2.37 B | 596 M | -241 M | 274 M | -39 M | 631 M |
Revenue |
- | - | - | - | 470 B | 386 B | 281 B | 233 B | 178 B | 136 B | 107 B | 89 B | 74.5 B | 61.1 B | 48.1 B |
Cost of Revenue |
- | - | - | - | 272 B | 233 B | 166 B | 139 B | 112 B | 88.3 B | 71.7 B | 62.8 B | 54.2 B | 46 B | 37.3 B |
Gross Profit |
- | - | - | - | - | - | - | - | - | 30.1 B | 21.9 B | 15.5 B | 11.7 B | 8.7 B | 10.8 B |
Operating Income |
80 B | 68.6 B | 36.9 B | 12.2 B | 24.9 B | 22.9 B | 14.5 B | 3.79 B | 4.11 B | 4.19 B | 2.23 B | 178 M | 745 M | 676 M | 862 M |
Interest Expense |
15.2 B | -2.25 B | 938 M | -16.8 B | 1.81 B | 1.65 B | 1.6 B | 1.42 B | 848 M | 484 M | 459 M | 210 M | 141 M | 92 M | 65 M |
EBITDA |
146 B | 121 B | 85.5 B | 54.2 B | 59.3 B | 48.1 B | 36.3 B | 19.1 B | 15.6 B | 12.3 B | 8.51 B | 4.92 B | 4 B | 2.84 B | 2.1 B |
Operating Expenses |
- | - | - | - | - | 71.3 B | 60.2 B | 47.3 B | 36.6 B | 25.9 B | 19.7 B | 15.3 B | 10.9 B | 8.03 B | 9.77 B |
General and Administrative Expenses |
- | - | - | - | 8.82 B | 6.67 B | 5.2 B | 4.34 B | 3.67 B | 2.43 B | 1.75 B | 1.55 B | 1.13 B | 896 M | 5.23 B |
All numbers in USD currency
Quarterly Income Statement Amazon.com
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
10.7 B | 10.6 B | 10.6 B | - | 10.5 B | 10.4 B | 10.4 B | - | 10.3 B | 10.3 B | 10.2 B | - | 10.2 B | 10.2 B | 10.2 B | 509 M | 10.1 B | 10.1 B | 504 M | 502 M | 501 M | 500 M | 498 M | 496 M | 495 M | 493 M | 491 M | 490 M | 488 M | 486 M | 484 M | 483 M | 481 M | 479 M | 477 M | 476 M | 474 M | 473 M | 471 M | 470 M | 468 M | 467 M | 465 M | 464 M | 463 M | 461 M | 460 M | 458 M | 457 M | 456 M | 455 M | 454 M | 452 M | 451 M | 453 M | 454 M | 452 M | 451 M | 453 M |
Net Income |
21.2 B | 18.2 B | 17.1 B | - | 15.3 B | 13.5 B | 10.4 B | - | 9.88 B | 6.75 B | 3.17 B | - | 2.87 B | -2.03 B | -3.84 B | - | 3.16 B | 7.78 B | 8.11 B | 7.22 B | 6.33 B | 5.24 B | 2.54 B | 3.27 B | 2.13 B | 2.62 B | 3.56 B | 3.03 B | 2.88 B | 2.53 B | 1.63 B | 1.86 B | 256 M | 197 M | 724 M | 749 M | 252 M | 857 M | 513 M | 482 M | 79 M | 92 M | -57 M | 214 M | -437 M | -126 M | 108 M | 239 M | -41 M | -7 M | 82 M | 97 M | -274 M | 7 M | 130 M | 97 M | -274 M | 7 M | 130 M |
Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 116 B | - | 111 B | 113 B | 109 B | 126 B | 96.1 B | 88.9 B | 75.5 B | 87.4 B | 70 B | 63.4 B | 59.7 B | 72.4 B | 56.6 B | 52.9 B | 51 B | 60.5 B | 43.7 B | 38 B | 35.7 B | 43.7 B | 32.7 B | 30.4 B | 29.1 B | 35.7 B | 25.4 B | 23.2 B | 22.7 B | 29.3 B | 20.6 B | 19.3 B | 19.7 B | 25.6 B | 17.1 B | 15.7 B | 16.1 B | 21.3 B | 13.8 B | 12.8 B | 13.2 B | 21.3 B | 10.9 B | 9.91 B | 9.86 B |
Cost of Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 66.5 B | - | 62.9 B | 64.2 B | 62.4 B | - | 57.1 B | 52.7 B | 44.3 B | - | 41.3 B | 36.3 B | 33.9 B | - | 33 B | 30.6 B | 30.7 B | - | 27.5 B | 23.5 B | 22.4 B | - | 21.3 B | 19.2 B | 18.9 B | - | 16.8 B | 15.2 B | 15.4 B | - | 14.6 B | 13.4 B | 14.1 B | - | 12.4 B | 11.2 B | 11.8 B | - | 10.3 B | 9.49 B | 10 B | - | 8.32 B | 7.52 B | 7.61 B |
Operating Income |
17.4 B | 19.2 B | 18.4 B | - | 17.4 B | 14.7 B | 15.3 B | - | 11.2 B | 7.68 B | 4.77 B | - | 2.52 B | 3.32 B | 3.67 B | - | 4.85 B | 7.7 B | 8.86 B | 6.87 B | 6.19 B | 5.84 B | 3.99 B | 3.88 B | 3.16 B | 3.08 B | 4.42 B | 3.79 B | 3.72 B | 2.98 B | 1.93 B | 2.13 B | 347 M | 628 M | 1 B | 1.26 B | 575 M | 1.28 B | 1.07 B | 1.11 B | 406 M | 464 M | 255 M | 591 M | -544 M | -15 M | 146 M | 510 M | -25 M | 79 M | 181 M | 405 M | -28 M | 107 M | 192 M | - | 79 M | 201 M | 322 M |
Interest Expense |
10.2 B | 1.12 B | 2.75 B | - | -27 M | -18 M | -2.67 B | - | 1.03 B | 61 M | 823 M | - | 617 M | 584 M | 472 M | - | 493 M | 435 M | 399 M | - | 428 M | 403 M | 402 M | - | 396 M | 383 M | 366 M | - | 358 M | 343 M | 330 M | - | 228 M | 143 M | 139 M | - | 118 M | 116 M | 117 M | - | 116 M | 114 M | 115 M | - | 49 M | 45 M | 42 M | - | 36 M | 33 M | 33 M | - | 22 M | 21 M | 21 M | - | 17 M | 15 M | 12 M |
EBITDA |
34.2 B | 34.4 B | 32.7 B | - | 30.9 B | 26.7 B | 27 B | - | 23.3 B | 19.3 B | 15.9 B | - | 12.9 B | 13 B | 12.9 B | - | 13.8 B | 15.7 B | 16.4 B | 6.87 B | 12.7 B | 11.6 B | 9.35 B | 3.88 B | 8.72 B | 8.29 B | 9.27 B | 3.79 B | 7.5 B | 6.61 B | 5.6 B | 2.13 B | 3.26 B | 3.26 B | 3.44 B | 1.26 B | 2.66 B | 3.19 B | 2.9 B | 1.11 B | 2 B | 1.97 B | 1.68 B | 591 M | 703 M | 1.09 B | 1.16 B | 510 M | 809 M | 835 M | 881 M | 405 M | 526 M | 592 M | 649 M | - | 357 M | 445 M | 524 M |
General and Administrative Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.59 B | - | 2.15 B | 2.16 B | 1.99 B | - | 1.67 B | 1.58 B | 1.45 B | - | 1.35 B | 1.27 B | 1.17 B | - | 1.04 B | 1.11 B | 1.07 B | - | 960 M | 874 M | 795 M | - | 639 M | 580 M | 497 M | - | 463 M | 467 M | 427 M | - | 406 M | 377 M | 327 M | - | 278 M | 286 M | 246 M | - | 230 M | 232 M | 200 M | - | 175 M | 166 M | 133 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Amazon.com (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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