Discontinued — last reported Q4 '25
Stock-Based Comp
OperatingAmazon Stock-Based Comp decreased by 9.3% to $4.40B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 12.0%, from $5.00B to $4.40B. Over 4 years (FY 2021 to FY 2025), Stock-Based Comp shows an upward trend with a 11.1% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2007
Last reportedQ4 2025
How to read this metric
An increase may signal a strategy to retain talent without using cash, but it also indicates future dilution for existing shareholders.
Detailed definition
The value of equity-based awards granted to employees as part of their compensation package, recognized as an expense on...
Peer comparison
High-growth software companies often have high SBC as a percentage of operating cash flow compared to mature industrial firms.
Metric ID:
cf_stock_based_compensationHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.59B | $3.18B | $3.68B | $3.25B | $5.21B | $5.56B | $5.61B | $4.75B | $7.13B | $5.83B | $6.32B | $4.96B | $6.72B | $5.33B | $5.00B | $3.69B | $6.53B | $4.85B | $4.40B |
| QoQ Change | — | -11.4% | +15.7% | -11.7% | +60.3% | +6.7% | +0.9% | -15.3% | +50.1% | -18.2% | +8.4% | -21.5% | +35.5% | -20.7% | -6.3% | -26.1% | +77.1% | -25.8% | -9.3% |
| YoY Change | — | — | — | — | +45.1% | +74.7% | +52.3% | +46.1% | +36.8% | +4.9% | +12.7% | +4.5% | -5.7% | -8.5% | -21.0% | -25.6% | -2.8% | -9.1% | -12.0% |
Range$3.18B – $7.13B
CAGR+4.6%
Avg YoY Growth+12.8%
Median YoY Growth+4.5%
Current Streak2 quarters decline
Stock-Based Comp at Other Companies
Frequently Asked Questions
- What is Amazon's stock-based comp?
- Amazon (AMZN) reported stock-based comp of $4.40B in Q4 2025.
- How has Amazon's stock-based comp changed year-over-year?
- Amazon's stock-based comp decreased by 12.0% year-over-year, from $5.00B to $4.40B.
- What is the long-term trend for Amazon's stock-based comp?
- Over 4 years (2021 to 2025), Amazon's stock-based comp has grown at a 11.1% compound annual growth rate (CAGR), from $12.76B to $19.47B.
- What does stock-based comp mean?
- The value of company shares given to employees as pay, which doesn't cost the company actual cash.