Amazon.com, Inc. (AMZN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 181.52B | 213.39B | 180.17B | 167.7B | 155.67B | 187.79B | 158.88B | 147.98B | 143.31B | 169.96B | 143.08B | 134.38B | 127.36B | 149.2B | 127.1B | 121.23B | 116.44B | 137.41B | 110.81B | 113.08B |
| Revenue Growth % | 16.61% | 13.63% | 13.4% | 13.33% | 8.62% | 10.49% | 11.04% | 10.12% | 12.53% | 13.91% | 12.57% | 10.85% | 9.37% | 8.58% | 14.7% | 7.21% | 7.3% | 9.44% | 15.26% | 27.18% |
| Cost of Goods Sold | 87.46B | 109.96B | 88.67B | 80.81B | 76.98B | 98.89B | 80.98B | 73.78B | 72.63B | 92.55B | 75.02B | 69.37B | 67.79B | 85.64B | 70.27B | 66.42B | 66.5B | 82.83B | 62.93B | 64.18B |
| COGS % of Revenue | 48.18% | 51.53% | 49.21% | 48.19% | 49.45% | 52.66% | 50.97% | 49.86% | 50.68% | 54.46% | 52.43% | 51.62% | 53.23% | 57.4% | 55.29% | 54.79% | 57.11% | 60.28% | 56.79% | 56.75% |
| Gross Profit | 94.06B | 103.43B | 91.5B | 86.89B | 78.69B | 88.9B | 77.9B | 74.19B | 70.68B | 77.41B | 68.06B | 65.01B | 59.57B | 63.56B | 56.83B | 54.81B | 49.95B | 54.58B | 47.88B | 48.9B |
| Gross Margin % | 51.82% | 48.47% | 50.79% | 51.81% | 50.55% | 47.34% | 49.03% | 50.14% | 49.32% | 45.54% | 47.57% | 48.38% | 46.77% | 42.6% | 44.71% | 45.21% | 42.89% | 39.72% | 43.21% | 43.25% |
| Gross Profit Growth % | 19.53% | 16.34% | 17.46% | 17.12% | 11.33% | 14.84% | 14.46% | 14.12% | 18.66% | 21.78% | 19.76% | 18.61% | 19.27% | 16.47% | 18.69% | 12.08% | 8.31% | 17.95% | 22.65% | 34.9% |
| Operating Expenses | 70.2B | 78.45B | 74.08B | 67.72B | 60.29B | 67.7B | 60.49B | 59.52B | 55.37B | 64.2B | 56.87B | 57.33B | 54.79B | 60.83B | 54.31B | 51.49B | 46.28B | 51.12B | 43.03B | 41.2B |
| OpEx % of Revenue | 38.68% | 36.76% | 41.12% | 40.38% | 38.73% | 36.05% | 38.07% | 40.22% | 38.64% | 37.77% | 39.75% | 42.66% | 43.02% | 40.77% | 42.73% | 42.47% | 39.74% | 37.2% | 38.83% | 36.44% |
| Selling, General & Admin | 12.9B | 16.97B | 14.56B | 14.38B | 12.39B | 15.99B | 13.32B | 13.55B | 12.4B | 15.91B | 13.11B | 13.95B | 13.21B | 16.15B | 14.07B | 12.99B | 10.91B | 13.34B | 10.16B | 9.68B |
| SG&A % of Revenue | 7.11% | 7.95% | 8.08% | 8.58% | 7.96% | 8.51% | 8.39% | 9.16% | 8.66% | 9.36% | 9.16% | 10.38% | 10.38% | 10.82% | 11.07% | 10.71% | 9.37% | 9.7% | 9.17% | 8.56% |
| Research & Development | 29.57B | 29.4B | 28.96B | 27.17B | 22.99B | 23.57B | 22.25B | 22.3B | 20.42B | 22.04B | 21.2B | 21.93B | 20.45B | 20.81B | 19.48B | 18.07B | 14.84B | 15.31B | 14.38B | 13.87B |
| R&D % of Revenue | 16.29% | 13.78% | 16.07% | 16.2% | 14.77% | 12.55% | 14% | 15.07% | 14.25% | 12.97% | 14.82% | 16.32% | 16.06% | 13.95% | 15.33% | 14.91% | 12.75% | 11.14% | 12.98% | 12.27% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 23.85B | 24.98B | 17.42B | 19.17B | 18.41B | 21.2B | 17.41B | 14.67B | 15.31B | 13.21B | 11.19B | 7.68B | 4.77B | 2.74B | 2.52B | 3.32B | 3.67B | 3.46B | 4.85B | 7.7B |
| Operating Margin % | 13.14% | 11.71% | 9.67% | 11.43% | 11.82% | 11.29% | 10.96% | 9.92% | 10.68% | 7.77% | 7.82% | 5.72% | 3.75% | 1.83% | 1.99% | 2.74% | 3.15% | 2.52% | 4.38% | 6.81% |
| Operating Income Growth % | 29.6% | 17.8% | 0.06% | 30.66% | 20.24% | 60.52% | 55.62% | 91.02% | 220.63% | 382.61% | 343.09% | 131.56% | 30.12% | -20.9% | -47.96% | -56.93% | -58.61% | -49.66% | -21.67% | 31.82% |
| EBITDA | 42.8B | 44.45B | 34.22B | 34.4B | 32.67B | 36.83B | 30.85B | 26.71B | 26.99B | 27.03B | 23.32B | 19.27B | 15.9B | 15.88B | 12.85B | 13.03B | 12.86B | 13.26B | 13.8B | 15.74B |
| EBITDA Margin % | 23.58% | 20.83% | 18.99% | 20.51% | 20.99% | 19.61% | 19.42% | 18.05% | 18.83% | 15.9% | 16.3% | 14.34% | 12.48% | 10.64% | 10.11% | 10.75% | 11.05% | 9.65% | 12.45% | 13.92% |
| EBITDA Growth % | 31.01% | 20.67% | 10.91% | 28.78% | 21.03% | 36.28% | 32.31% | 38.61% | 69.79% | 70.19% | 81.44% | 47.86% | 23.6% | 19.76% | -6.87% | -17.2% | -21.44% | -8.48% | 8.52% | 35.8% |
| D&A (Non-Cash Add-back) | 18.95B | 19.47B | 16.8B | 15.23B | 14.26B | 15.63B | 13.44B | 12.04B | 11.68B | 13.82B | 12.13B | 11.59B | 11.12B | 13.14B | 10.33B | 9.72B | 9.19B | 9.8B | 8.95B | 8.04B |
| EBIT | 23.85B | 27.28B | 28.71B | 21.37B | 22.22B | 22.92B | 18.64B | 15.83B | 13.63B | 14.4B | 12.99B | 8.4B | 4.94B | -268M | 3.56B | -2.07B | -4.79B | 15.42B | 4.81B | 9.07B |
| Net Interest Income | 335M | 451M | 562M | 569M | 525M | 678M | 653M | 591M | 349M | 188M | -30M | -179M | -212M | -249M | -340M | -425M | -364M | -364M | -374M | -329M |
| Interest Income | 1.14B | 1.13B | 1.1B | 1.08B | 1.07B | 1.25B | 1.26B | 1.18B | 993M | 901M | 776M | 661M | 611M | 445M | 277M | 159M | 108M | 118M | 119M | 106M |
| Interest Expense | 800M | 679M | 538M | 516M | 541M | 570M | 603M | 589M | 644M | 713M | 806M | 840M | 823M | 694M | 617M | 584M | 472M | 482M | 493M | 435M |
| Other Income/Expense | 15.98B | 1.16B | 10.68B | 1.67B | 3.27B | 1.13B | 623M | 580M | -2.41B | 477M | 997M | -127M | -654M | -3.69B | 416M | -5.98B | -8.94B | 11.47B | -541M | 944M |
| Pretax Income | 39.83B | 26.14B | 28.1B | 20.84B | 21.68B | 22.33B | 18.03B | 15.25B | 12.9B | 13.69B | 12.19B | 7.55B | 4.12B | -949M | 2.94B | -2.67B | -5.27B | 14.94B | 4.31B | 8.65B |
| Pretax Margin % | 21.94% | 12.25% | 15.59% | 12.43% | 13.93% | 11.89% | 11.35% | 10.31% | 9% | 8.05% | 8.52% | 5.62% | 3.23% | -0.64% | 2.31% | -2.2% | -4.52% | 10.87% | 3.89% | 7.65% |
| Income Tax | 9.56B | 4.95B | 6.91B | 2.68B | 4.55B | 2.33B | 2.71B | 1.77B | 2.47B | 3.06B | 2.31B | 804M | 948M | -1.23B | 69M | -637M | -1.42B | 612M | 1.16B | 868M |
| Effective Tax Rate % | 24% | 18.92% | 24.59% | 12.85% | 21% | 10.41% | 15% | 11.59% | 19.13% | 22.37% | 18.92% | 10.64% | 23.01% | 129.29% | 2.35% | 23.9% | 27% | 4.1% | 26.79% | 10.04% |
| Net Income | 30.25B | 21.19B | 21.19B | 18.16B | 17.13B | 20B | 15.33B | 13.48B | 10.43B | 10.62B | 9.88B | 6.75B | 3.17B | 278M | 2.87B | -2.03B | -3.84B | 14.32B | 3.16B | 7.78B |
| Net Margin % | 16.67% | 9.93% | 11.76% | 10.83% | 11% | 10.65% | 9.65% | 9.11% | 7.28% | 6.25% | 6.9% | 5.02% | 2.49% | 0.19% | 2.26% | -1.67% | -3.3% | 10.42% | 2.85% | 6.88% |
| Net Income Growth % | 76.65% | 5.94% | 38.22% | 34.7% | 64.19% | 88.29% | 55.16% | 99.78% | 228.85% | 3721.58% | 243.98% | 432.84% | 182.52% | -98.06% | -9% | -126.07% | -147.42% | 98.32% | -50.15% | 48.35% |
| Net Income (Continuing) | 30.25B | 21.19B | 21.19B | 18.16B | 17.13B | 20B | 15.33B | 13.48B | 10.43B | 10.62B | 9.88B | 6.75B | 3.17B | 278M | 2.87B | -2.03B | -3.84B | 14.32B | 3.16B | 7.78B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.78 | 1.95 | 1.95 | 1.68 | 1.59 | 1.86 | 1.43 | 1.26 | 0.98 | 1.00 | 0.94 | 0.65 | 0.31 | 0.03 | 0.28 | -0.20 | -0.38 | 1.39 | 0.31 | 0.76 |
| EPS Growth % | 74.84% | 4.84% | 36.36% | 33.33% | 62.24% | 86% | 52.13% | 93.85% | 216.13% | 3233.33% | 235.71% | 425% | 181.58% | -97.84% | -9.68% | -126.32% | -148.1% | 98.57% | -50% | 46.15% |
| EPS (Basic) | 2.82 | 1.98 | 1.98 | 1.71 | 1.62 | 1.90 | 1.46 | 1.29 | 1.00 | 1.03 | 0.96 | 0.66 | 0.31 | 0.03 | 0.28 | -0.20 | -0.38 | 1.41 | 0.31 | 0.77 |
| Diluted Shares Outstanding | 10.87B | 10.86B | 10.85B | 10.81B | 10.79B | 10.77B | 10.73B | 10.71B | 10.67B | 10.61B | 10.56B | 10.45B | 10.35B | 10.31B | 10.33B | 10.18B | 10.18B | 10.32B | 10.3B | 10.28B |
| Basic Shares Outstanding | 10.74B | 10.71B | 10.67B | 10.64B | 10.6B | 10.55B | 10.5B | 10.45B | 10.39B | 10.36B | 10.32B | 10.29B | 10.25B | 10.22B | 10.19B | 10.18B | 10.18B | 10.16B | 10.14B | 10.1B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |