Amazon.com, Inc.
Financial Performance
Amazon Revenue & Financials
Revenue
$716.9B (FY2025)
Market Cap
$2.69T
Net Income
$77.7B
Employees
1,576,000
What is Amazon's revenue?
Amazon had $716.9B in revenue for fiscal year 2025, up 12.4% from 2024. Net income was $77.7B.
- Latest revenue
- $716.9B (FY2025)
- Year-over-year
- +12.4%
- Growth rate (CAGR)
- 20.3% over 9 years
- Peak revenue
- $716.9B (FY2025)
- Years of data
- 10
- Employees
- 1,576,000
Financial Analysis
Amazon's headline revenue understates how concentrated its profit is. FY2025 net sales were $716.9B and operating income was $80.0B, of which AWS supplied $45.6B on $128.7B of sales. The North America segment turned $426.3B of sales into $29.6B of operating income, and International turned $161.9B into $4.8B. Advertising services, which Amazon reports inside the retail segments, grew from $56.2B in FY2024 to $68.6B in FY2025. Operating cash flow was $139.5B; $128.3B of net cash capital expenditures left $11.2B of free cash flow, down from $38.2B a year earlier. Amazon says most technology-infrastructure spending supports AWS, while fulfillment capacity also requires investment. See its FY2025 Form 10-K for the segment and cash-flow reconciliations.
Sources for this analysis
Revenue Trend Analysis
YoY Change
+12.4%
9-Year CAGR
+20.3%
Peak Year
2025
Trend
Consistent Growth
Amazon.com, Inc. has 10 full fiscal year figures on this page, compounding at +20.3% annually over 9 years. The most recent year saw a 12.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $716.9B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $716.9B | $80B | $77.7B | +12.4% | Amazon Com Inc annual report (SEC EDGAR, filed 2026-02-06) Fiscal year ended 2025-12-31. |
| FY2024 | $638B | $68.6B | $59.2B | +11.0% | Amazon Com Inc annual report (SEC EDGAR, filed 2026-02-06) Fiscal year ended 2024-12-31. |
| FY2023 | $574.8B | $36.9B | $30.4B | +11.8% | Amazon Com Inc annual report (SEC EDGAR, filed 2026-02-06) Fiscal year ended 2023-12-31. |
| FY2022 | $514B | $12.2B | -$2.7B | +9.4% | Amazon Com Inc annual report (SEC EDGAR, filed 2025-02-07) Fiscal year ended 2022-12-31. |
| FY2021 | $469.8B | $24.9B | $33.4B | +21.7% | Amazon Com Inc annual report (SEC EDGAR, filed 2024-02-02) Fiscal year ended 2021-12-31. |
| FY2020 | $386.1B | $22.9B | $21.3B | +37.6% | Amazon Com Inc annual report (SEC EDGAR, filed 2023-02-03) Fiscal year ended 2020-12-31. |
| FY2019 | $280.5B | $14.5B | $11.6B | +20.5% | Amazon Com Inc annual report (SEC EDGAR, filed 2022-02-04) Fiscal year ended 2019-12-31. |
| FY2018 | $232.9B | $12.4B | $10.1B | +30.9% | Amazon Com Inc annual report (SEC EDGAR, filed 2021-02-03) Fiscal year ended 2018-12-31. |
| FY2017 | $177.9B | $4.1B | $3B | +30.8% | Amazon Com Inc annual report (SEC EDGAR, filed 2020-01-31) Fiscal year ended 2017-12-31. |
| FY2016 | $136B | $4.2B | $2.4B | — | Amazon Com Inc annual report (SEC EDGAR, filed 2019-02-01) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Amazon.com, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $139.5B | — | $818B | $411.1B | — | Form 10-K |
| FY2024ended Dec 31, 2024 | $115.9B | — | $624.9B | $286B | — | Form 10-K |
| FY2023ended Dec 31, 2023 | $84.9B | — | $527.9B | $201.9B | — | Form 10-K |
| FY2022ended Dec 31, 2022 | $46.8B | — | $462.7B | $146B | — | Form 10-K |
| FY2021ended Dec 31, 2021 | $46.3B | — | $420.5B | $138.2B | — | Form 10-K |
| FY2020ended Dec 31, 2020 | $66.1B | — | $321.2B | $93.4B | — | Form 10-K |
| FY2019ended Dec 31, 2019 | $38.5B | — | $225.2B | $62.1B | — | Form 10-K |
| FY2018ended Dec 31, 2018 | $30.7B | — | $162.6B | $43.5B | — | Form 10-K |
| FY2017ended Dec 31, 2017 | $18.4B | — | $131.3B | $27.7B | — | Form 10-K |
| FY2016ended Dec 31, 2016 | $17.2B | $6.7B | $83.4B | $19.3B | $10.5B | Form 10-K |
Keep researching Amazon
Amazon Revenue and Financial FAQ
What is Amazon's annual revenue scale and growth rate?
According to Amazon.com, Inc.'s Form 10-K filed with the SEC, Amazon reported consolidated net sales of $716.92 billion for fiscal year 2025 (up 12.4% from $637.96 billion in 2024), generating $79.98 billion in operating income, $77.67 billion in net income, and $139.51 billion in operating cash flow.
How is Amazon's revenue distributed among its primary reporting segments?
Amazon reports three segments. In FY2025 North America produced $426.3 billion of net sales (59% of the total), International $161.9 billion (23%), and AWS $128.7 billion (18%). AWS supplied $45.6 billion of the $80.0 billion in operating income.
What is the profitability profile of Amazon Web Services (AWS)?
AWS reported $128.7 billion of net sales and $45.6 billion of operating income in FY2025, a 35% operating margin, up from $107.6 billion of sales and $39.8 billion of operating income in FY2024. AWS contributed about 57% of Amazon's FY2025 consolidated operating income, while North America and International were also profitable.
How fast is Amazon's digital advertising revenue growing?
Amazon's advertising services revenue grew from $46.9 billion in FY2023 to $56.2 billion in FY2024 and $68.6 billion in FY2025, a 22% increase in the latest year. The filing groups sponsored, display and video ads in this service line but does not break out Prime Video or grocery ads.
What is Amazon's capital expenditure (CapEx) strategy for AI and data centers?
Amazon reported $128.3 billion of cash capital expenditures in FY2025, up from $77.7 billion in FY2024. Its Form 10-K says these investments primarily supported technology infrastructure, mostly for AWS growth, and fulfillment capacity. Separately, total net additions to property and equipment, including non-cash activity, were $142.4 billion in FY2025.
What is Amazon's cash flow profile and working capital dynamic?
Operating cash flow was $139.5 billion in FY2025 against $128.3 billion of capital spending net of proceeds, leaving $11.2 billion of free cash flow, down from $38.2 billion in FY2024. Amazon also benefits from negative working capital, collecting from customers before it pays suppliers.
Does Amazon pay a cash dividend to shareholders?
Amazon pays no cash dividend and puts operating cash flow back into technology and infrastructure, logistics capacity, and AI. A $10.0 billion repurchase authorization approved in March 2022 is still open with $6.1 billion unused, but Amazon repurchased no shares in 2023, 2024, or 2025.
How does Amazon manage international retail segment profitability?
Amazon's International segment increased net sales from $142.9 billion in FY2024 to $161.9 billion in FY2025, while operating income rose from $3.8 billion to $4.8 billion. Amazon attributed the operating-income increase mainly to more unit sales and advertising sales, partly offset by fulfillment and shipping costs. Currency movements added $903 million to FY2025 segment operating income.
Does Amazon lose money on retail?
Amazon's International segment recorded a $2.7 billion operating loss in FY2023, then $3.8 billion of operating income in FY2024 and $4.8 billion in FY2025. North America also earned $29.6 billion of operating income in FY2025. These segments include advertising and subscription services, so Amazon does not separately report a pure retail profit figure.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Amazon Revenue & Financials." CorpDigest, https://corpdigest.com/company/amazon/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Amazon reported $716.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/amazon/financials" target="_blank" rel="noopener">CorpDigest — Amazon financials</a></div>Related Financial Audits
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