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AmazonAMZN

Hyperscaler

AWS rents the floor the buildout stands on, and the Anthropic stake hedges the model layer. The retail business pays for the patience.

Member of the US AI 100

Financials

In US dollars

Annual income statement, newest period first
BreakdownTTM12/31/202512/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/200912/31/200812/31/200712/31/200612/31/200512/31/200412/31/200312/31/200212/31/200112/31/200012/31/199912/31/199812/31/199712/31/199612/31/1995
Total Revenue$775.68B$716.92B+12.4%$637.96B+11.0%$574.78B+11.8%$513.98B+9.4%$469.82B+21.7%$386.06B+37.6%$280.52B+20.5%$232.89B+30.9%$177.87B+30.8%$135.99B+27.1%$107.01B+20.2%$88.99B+19.5%$74.45B+21.9%$61.09B+27.1%$48.08B+40.6%$34.20B+39.6%$24.51B+27.9%$19.17B+29.2%$14.84B+38.5%$10.71B+26.2%$8.49B+22.7%$6.92B+31.5%$5.26B+33.8%$3.93B+26.0%$3.12B+13.1%$2.76B+68.4%$1.64B+168.9%$609.8M+312.6%$147.8M+838.6%$15.7M+999%+$511,000
Cost of Revenue$381.87B$356.41B+9.2%$326.29B+7.1%$304.74B+5.5%$288.83B+6.1%$272.34B+16.7%$233.31B+40.9%$165.54B+19.0%$139.16B+24.3%$111.93B+26.8%$88.27B+23.2%$71.65B+14.2%$62.75B+15.8%$54.18B+17.9%$45.97B+23.3%$37.29B+40.4%$26.56B+40.0%$18.98B+27.4%$14.90B+29.7%$11.48B+39.1%$8.26B+28.0%$6.45B+21.3%$5.32B+32.7%$4.01B+36.3%$2.94B+26.5%$2.32B+10.3%$2.11B+56.1%$1.35B+183.4%$476.2M+300.2%$119.0M+868.3%$12.3M+999%+$409,000
Gross Profit$393.81B$360.51B+15.7%$311.67B+15.4%$270.05B+19.9%$225.15B+14.0%$197.48B+29.3%$152.76B+32.8%$114.99B+22.7%$93.73B+42.2%$65.93B+38.2%$47.72B+35.0%$35.35B+34.8%$26.24B+29.4%$20.27B+34.0%$15.12B+40.2%$10.79B+41.2%$7.64B+38.2%$5.53B+29.5%$4.27B+27.3%$3.35B+36.5%$2.46B+20.5%$2.04B+27.3%$1.60B+27.4%$1.26B+26.6%$992.6M+24.3%$798.6M+21.8%$655.8M+125.6%$290.6M+117.4%$133.7M+363.8%$28.8M+733.1%$3.5M+999%+$102,000
Operating Expense$300.10B$280.54B+15.4%$243.08B+4.2%$233.19B+9.5%$212.90B+23.4%$172.60B+32.9%$129.86B+29.3%$100.44B+23.5%$81.31B+31.5%$61.83B+42.0%$43.54B+31.4%$33.12B+27.1%$26.06B+33.5%$19.53B+35.2%$14.45B+45.5%$9.93B+59.2%$6.24B+41.7%$4.40B+28.4%$3.43B+27.1%$2.70B+30.5%$2.07B+28.6%$1.61B+38.3%$1.16B+17.7%$987.0M+6.3%$928.5M−23.3%$1.21B−20.3%$1.52B+69.5%$896.4M+269.3%$242.7M+295.2%$61.4M+520.2%$9.9M+999%+$406,000
Research & Development$121.09B$108.52B+22.6%$88.54B+3.4%$85.62B+16.9%$73.21B+30.6%$56.05B+31.1%$42.74B+19.0%$35.93B+24.6%$28.84B+27.5%$22.62B+40.6%$16.09B+28.3%$12.54B+35.2%$9.28B+41.3%$6.57B+43.8%$4.56B+56.9%$2.91B+67.8%$1.73B+39.8%$1.24B+20.0%$1.03B+26.3%$818.0M+23.6%$662.0M+46.8%$451.0M+59.4%$283.0M+10.1%$257.0M+19.2%$215.6M−10.6%$241.2M−10.5%$269.3M+68.6%$159.7M+244.1%$46.4M+246.9%$13.4M+457.4%$2.4M+999%+$171,000
Selling, General & Administrative$58.92B$58.30B+5.5%$55.27B−1.6%$56.19B+3.8%$54.13B+30.8%$41.37B+44.3%$28.68B+19.1%$24.08B+32.7%$18.15B+32.1%$13.74B+42.2%$9.66B+38.1%$7.00B+19.0%$5.88B+38.1%$4.26B+29.0%$3.30B+44.4%$2.29B+52.6%$1.50B+48.7%$1.01B+32.5%$761.0M+31.4%$579.0M+26.4%$458.0M+25.8%$364.0M+27.3%$286.0M+23.3%$232.0M+13.5%$204.4M−10.4%$228.1M−21.0%$288.9M+17.5%$246.0M+65.9%$148.3M+216.7%$46.8M+524.2%$7.5M+999%+$235,000
Operating Income$93.71B$79.97B+16.6%$68.59B+86.1%$36.85B+200.9%$12.25B−50.8%$24.88B+8.6%$22.90B+57.5%$14.54B+17.1%$12.42B+202.5%$4.11B−1.9%$4.19B+87.5%$2.23B+999%+$178.0M−76.1%$745.0M+10.2%$676.0M−21.6%$862.0M−38.7%$1.41B+24.5%$1.13B+34.1%$842.0M+28.5%$655.0M+68.4%$389.0M−10.0%$432.0M−1.8%$440.0M+63.0%$270.0M+321.1%$64.1M+115.6%−$412.3M+52.3%−$863.9M−42.6%−$605.8M−455.5%−$109.1M−234.6%−$32.6M−405.9%−$6.4M−999%+−$304,000
Interest Expense$3.33B$2.27B−5.5%$2.41B−24.4%$3.18B+34.4%$2.37B+30.8%$1.81B+9.8%$1.65B+2.9%$1.60B+12.9%$1.42B+67.1%$848.0M+75.2%$484.0M+5.4%$459.0M+118.6%$210.0M+48.9%$141.0M+53.3%$92.0M+41.5%$65.0M+66.7%$39.0M+14.7%$34.0M−52.1%$71.0M−7.8%$77.0M−1.3%$78.0M−15.2%$92.0M−14.0%$107.0M−17.7%$130.0M−9.0%$142.9M+2.7%$139.2M+6.3%$130.9M+54.8%$84.6M+217.5%$26.6M+999%+$326,000+265.5%−$197,000$0.00
Pretax Income$174.90B$96.76B+41.2%$68.51B+82.5%$37.55B+732.2%−$5.94B−115.6%$38.16B+57.7%$24.19B+73.3%$13.96B+23.9%$11.27B+196.4%$3.80B+0.2%$3.80B+145.5%$1.55B+999%+−$74.0M−117.0%$435.0M+11.8%$389.0M−57.8%$922.0M−38.7%$1.50B+30.2%$1.16B+29.5%$892.0M+35.2%$660.0M+75.1%$377.0M−17.0%$454.0M+27.9%$355.0M+810.3%$39.0M+126.0%−$149.8M+73.6%−$567.3M+59.8%−$1.41B−96.0%−$720.0M−478.1%−$124.5M−301.5%−$31.0M−396.6%−$6.2M−999%+−$303,000
Tax Provision$39.62B$19.09B+106.0%$9.27B+30.1%$7.12B+321.3%−$3.22B−167.1%$4.79B+67.3%$2.86B+20.6%$2.37B+98.3%$1.20B+55.7%$769.0M−46.0%$1.43B+50.0%$950.0M+468.9%$167.0M+3.7%$161.0M−62.4%$428.0M+47.1%$291.0M−17.3%$352.0M+39.1%$253.0M+2.4%$247.0M+34.2%$184.0M−1.6%$187.0M+96.8%$95.0M+140.8%−$233.0M−999%+$4.0M+671.4%−$700,000$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Net Income$135.28B$77.67B+31.1%$59.25B+94.7%$30.43B+999%+−$2.72B−108.2%$33.36B+56.4%$21.33B+84.1%$11.59B+15.0%$10.07B+232.1%$3.03B+27.9%$2.37B+297.8%$596.0M+347.3%−$241.0M−188.0%$274.0M+802.6%−$39.0M−106.2%$631.0M−45.2%$1.15B+27.7%$902.0M+39.8%$645.0M+35.5%$476.0M+150.5%$190.0M−47.1%$359.0M−38.9%$588.0M+999%+$35.0M+123.5%−$149.1M+73.7%−$567.3M+59.8%−$1.41B−96.0%−$720.0M−478.1%−$124.5M−301.5%−$31.0M−396.6%−$6.2M−999%+−$303,000
Net Income to Common Stockholders$135.28B$77.67B+31.1%$59.25B+94.7%$30.43B+999%+−$2.72B−108.2%$33.36B+56.4%$21.33B+84.1%$11.59B+15.0%$10.07B+232.1%$3.03B+27.9%$2.37B+297.8%$596.0M+347.3%−$241.0M−188.0%$274.0M+802.6%−$39.0M−106.2%$631.0M−45.2%$1.15B+27.7%$902.0M+39.8%$645.0M+35.5%$476.0M+150.5%$190.0M−47.1%$359.0M−38.9%$588.0M+999%+$35.0M+123.5%−$149.1M+73.7%−$567.3M+59.8%−$1.41B−96.0%−$720.0M−478.1%−$124.5M−301.5%−$31.0M−396.6%−$6.2M−999%+−$303,000
Basic EPS$12.60$7.29+28.8%$5.66+91.9%$2.95+999%+−$0.27−108.2%$3.30+54.9%$2.13+82.1%$1.17+13.6%$1.03+225.9%$0.32+25.9%$0.25+292.2%$0.06+346.2%−$0.03−186.7%$0.03+850.0%−$0.00−105.8%$0.07−46.5%$0.13+24.0%$0.10+36.8%$0.08+33.3%$0.06+147.8%$0.02−46.5%$0.04−40.3%$0.07+999%+$0.00+121.1%−$0.02+75.6%−$0.08+61.2%−$0.20−82.7%−$0.11−423.8%−$0.02−250.0%−$0.01−200.0%−$0.00$0.00
Diluted EPS$12.43$7.17+29.7%$5.53+90.7%$2.90+999%+−$0.27−108.3%$3.24+55.0%$2.09+81.7%$1.15+13.9%$1.01+229.0%$0.31+25.3%$0.25+295.2%$0.06+338.5%−$0.03−189.7%$0.03+825.0%−$0.00−105.8%$0.07−45.7%$0.13+24.5%$0.10+37.8%$0.07+32.1%$0.06+154.5%$0.02−47.6%$0.04−39.1%$0.07+999%+$0.00+121.1%−$0.02+75.6%−$0.08+61.2%−$0.20−82.7%−$0.11−423.8%−$0.02−250.0%−$0.01−200.0%−$0.00$0.00
Basic Average Shares10.77B10.66B+1.7%10.47B+1.6%10.30B+1.1%10.19B+0.7%10.12B+1.1%10.01B+1.3%9.88B+1.4%9.74B+1.5%9.60B+1.3%9.48B+1.5%9.34B+1.1%9.24B+1.1%9.14B+0.9%9.06B—9.06B+1.3%8.94B+3.2%8.66B+2.4%8.46B+2.4%8.26B−0.7%8.32B+1.0%8.24B+1.5%8.12B+2.8%7.90B+4.4%7.57B+3.9%7.28B+3.8%7.02B+7.4%6.54B+10.3%5.93B+13.7%5.21B+17.1%4.45B+28.8%3.45B
Diluted Average Shares10.90B10.83B+1.0%10.72B+2.2%10.49B+3.0%10.19B−1.0%10.30B+1.0%10.20B+1.2%10.08B+0.8%10.00B+1.4%9.86B+1.9%9.68B+1.5%9.54B+3.2%9.24B−0.6%9.30B+2.6%9.06B−1.7%9.22B+1.1%9.12B+3.2%8.84B+2.3%8.64B+1.9%8.48B—8.48B−0.5%8.52B+0.2%8.50B+1.4%8.38B+10.7%7.57B+3.9%7.28B+3.8%7.02B+7.4%6.54B+10.3%5.93B+13.7%5.21B+17.1%4.45B+28.8%3.45B
EBIT$178.23B$99.03B+39.6%$70.92B+74.1%$40.73B+999%+−$3.57B−108.9%$39.96B+54.7%$25.84B+66.1%$15.56B+22.7%$12.69B+172.8%$4.65B+8.6%$4.28B+113.5%$2.00B+999%+$136.0M−76.4%$576.0M+19.8%$481.0M−51.3%$987.0M−36.0%$1.54B+29.8%$1.19B+23.5%$963.0M+30.7%$737.0M+62.0%$455.0M−16.7%$546.0M+18.2%$462.0M+173.4%$169.0M+999%+−$6.9M+98.4%−$428.0M+66.6%−$1.28B−101.5%−$635.4M−549.0%−$97.9M−219.0%−$30.7M−376.4%−$6.4M−999%+−$303,000
EBITDA$253.43B$164.79B+33.2%$123.71B+38.4%$89.39B+133.1%$38.35B−48.5%$74.40B+45.8%$51.02B+36.6%$37.35B+33.3%$28.03B+73.8%$16.13B+30.1%$12.40B+49.6%$8.29B+69.7%$4.88B+27.5%$3.83B+45.0%$2.64B+27.5%$2.07B−1.9%$2.11B+34.7%$1.57B+25.4%$1.25B+27.2%$983.0M+48.9%$660.0M−1.0%$667.0M+24.0%$538.0M+119.6%$245.0M+225.1%$75.4M+146.4%−$162.3M+81.4%−$874.1M−127.7%−$383.9M−736.6%−$45.9M−68.4%−$27.3M−343.3%−$6.1M−999%+−$284,000
Stock-Based Compensation$19.31B$19.47B−11.6%$22.01B−8.4%$24.02B+22.4%$19.62B+53.8%$12.76B+38.5%$9.21B+34.1%$6.86B+26.7%$5.42B+28.5%$4.21B+41.7%$2.98B+40.4%$2.12B+42.1%$1.49B+41.2%$1.06B+161.4%$404.0M−18.4%$495.0M+200.0%$165.0M−30.1%$236.0M+103.4%$116.0M+261.1%−$72.0M−999%+−$1.0M−101.3%$80.0M+37.9%$58.0M−34.1%$88.0M+27.7%$68.9M+999%+$4.6M−81.3%$24.8M−19.0%$30.6M+999%+$2.4M+76.2%$1.4M$0.00$0.00

31 periods and the trailing twelve months · latest filed Dec 31, 2025

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