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Amazon AMZN Debt-to-equity

Debt-to-equity at other companies

Target logo
TargetTGT
1.1×-0.1×
Walmart
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Walmart WMT
0.8×0.0×
Apple logo
AppleAAPL
0.8×-0.6×
Microsoft logo
MicrosoftMSFT
0.3×0.0×
Costco Wholesale logo
Costco WholesaleCOST
0.2×-0.1×
eBay logo
eBayEBAY
1.8×+0.2×

Other financials

Income statement

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Revenue$200.61B+19.6%
Gross profit$104.83B+20.6%
Operating income$27.5B+43.2%
Net income$62.6B+245%
EPS (diluted)$5.75+242%

Balance sheet

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Cash & equivalents$78.2B+35.5%
Total debt$128.89B-16.6%
Total equity$551.62B+65.3%
Total assets$1.10T+60.6%

Cash flow

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Operating cash flow$45.4B+39.6%
CapEx-$54.2B-268%
Free cash flow-$8.8B-2,757%

Valuation

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Market cap$2.92T+29.4%
Enterprise value$2.97T+26.3%
P/E23.6×-8.3×
P/S3.8×+0.4×

Profitability

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Gross margin50.8%+1.2pp
Operating margin12.1%+0.7pp
Net margin15.9%+5.4pp
FCF margin0.2%-1.8pp

Returns & leverage

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Return on equity27.9%+3.1pp
Current ratio0.0×

Where this comes from

Calculated from Amazon’s reported figures.

Based on the most recent quarter.

The source filing: Amazon’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 4:06 PM EDT
Accession
0001018724-26-000024

FAQ

What is Amazon's debt-to-equity?
Amazon (AMZN) reported debt-to-equity of 0.2× in Q2 2026.
How has Amazon's debt-to-equity changed year-over-year?
Amazon's debt-to-equity decreased by 49.5% year-over-year, from 0.5× to 0.2×.
What is the long-term trend for Amazon's debt-to-equity?
Over 5 years (2020 to 2025), Amazon's debt-to-equity has grown at a -17.4% compound annual growth rate (CAGR), from 1.1× to 0.4×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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