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
| Breakdown | TTM | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $161.40B | $139.51B+20.4% | $115.88B+36.4% | $84.95B+81.7% | $46.75B+0.9% | $46.33B |
| Net Income | $135.28B | $77.67B+31.1% | $59.25B+94.7% | $30.43B+999%+ | −$2.72B−108.2% | $33.36B |
| Depreciation & Amortization | $75.20B | $65.76B+24.5% | $52.80B+8.5% | $48.66B+16.1% | $41.92B+21.7% | $34.43B |
| Stock-Based Compensation | $19.31B | $19.47B−11.6% | $22.01B−8.4% | $24.02B+22.4% | $19.62B+53.8% | $12.76B |
| Investing Cash Flow | −$216.78B | −$142.54B−51.1% | −$94.34B−89.3% | −$49.83B−32.5% | −$37.60B+35.3% | −$58.15B |
| Capital Expenditure | −$169.01B | −$128.32B−65.2% | −$77.66B−61.3% | −$48.13B+17.5% | −$58.32B−5.3% | −$55.40B |
| Acquisitions & Divestitures | −$41.96B | −$3.84B+45.8% | −$7.08B−21.3% | −$5.84B+29.8% | −$8.32B−318.9% | −$1.99B |
| Purchases & Sales of Investments | −$5.81B | −$10.38B−8.1% | −$9.60B−332.0% | $4.14B−85.7% | $29.04B+999%+ | −$773.0M |
| Financing Cash Flow | $75.16B | $9.66B+181.8% | −$11.81B+25.6% | −$15.88B−263.4% | $9.72B+54.5% | $6.29B |
| Debt Issued & Repaid | $75.16B | $9.66B+181.8% | −$11.81B+25.6% | −$15.88B−201.0% | $15.72B+149.8% | $6.29B |
| Stock Issued & Repurchased | $0.00 | $0.00 | $0.00 | $0.00+100.0% | −$6.00B | $0.00 |
| Effect of Exchange Rates | −$314.0M | $1.16B+189.5% | −$1.30B−422.8% | $403.0M+136.9% | −$1.09B−200.3% | −$364.0M |
| Change in Cash | $19.47B | $7.79B−7.5% | $8.42B−57.1% | $19.64B+10.5% | $17.78B+401.3% | −$5.90B |
| Free Cash Flow | −$7.60B | $11.19B−70.7% | $38.22B+3.8% | $36.81B+418.2% | −$11.57B−27.6% | −$9.07B |
5 periods and the trailing twelve months · latest filed Dec 31, 2025