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Amazon AMZN EBITDA margin

EBITDA margin at other companies

International Business Machines logo
International Business MachinesIBM
25.6%+6.0pp
Lowe's Companies logo
Lowe's CompaniesLOW
14.2%-0.6pp
Walmart
 logo
Walmart WMT
6.2%-0.1pp
TJX Companies logo
TJX CompaniesTJX
14.6%+1.3pp
Apple logo
AppleAAPL
35.4%+0.8pp
Best Buy logo
Best BuyBBY
5.6%+0.7pp

Other financials

Income statement

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Revenue$181.52B+16.6%
Gross profit$94.1B+19.5%
Operating income$23.9B+29.6%
Net income$30.3B+76.6%
EPS (diluted)$2.78+74.8%

Balance sheet

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Cash & equivalents$101.82B+53.8%
Total debt$232.71B+52.2%
Total equity$441.91B+44.5%
Total assets$916.63B+42.5%

Cash flow

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Operating cash flow$26.0B+53.0%
CapEx$44.2B+76.7%
Free cash flow-$18.2B-127%

Valuation

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Market cap$2.55T+10.9%
Enterprise value$2.69T+12.5%
P/E32.3×-2.6×
P/S3.4×-0.1×

Profitability

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Gross margin50.6%+1.4pp
Operating margin11.5%+0.5pp
Net margin10.6%+0.5pp

Returns & leverage

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Return on equity21.1%-4.1pp
Debt / equity0.5×0.0×
Current ratio1.2×+0.1×

Where this comes from

Calculated from Amazon’s reported figures.

Based on trailing twelve months.

The official record: Amazon’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amazon's EBITDA margin?
Amazon (AMZN) reported EBITDA margin of 19.6% in Q1 2026.
How has Amazon's EBITDA margin changed year-over-year?
Amazon's EBITDA margin increased by 0.2% year-over-year, from 19.5% to 19.6%.
What is the long-term trend for Amazon's EBITDA margin?
Over 4 years (2021 to 2025), Amazon's EBITDA margin has grown at a 10.7% compound annual growth rate (CAGR), from 52.3% to 78.5%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.