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Amazon AMZN Gross margin

Gross margin at other companies

International Business Machines logo
International Business MachinesIBM
58.4%+1.3pp
Lowe's Companies logo
Lowe's CompaniesLOW
33.3%-0.1pp
Walmart
 logo
Walmart WMT
25%+0.1pp
TJX Companies logo
TJX CompaniesTJX
31.4%+0.9pp
Apple logo
AppleAAPL
47.9%+1.2pp
Best Buy logo
Best BuyBBY
22.5%-0.1pp

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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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 gross margin?
Amazon (AMZN) reported gross margin of 50.6% in Q1 2026.
How has Amazon's gross margin changed year-over-year?
Amazon's gross margin increased by 2.9% year-over-year, from 49.2% to 50.6%.
What is the long-term trend for Amazon's gross margin?
Over 4 years (2021 to 2025), Amazon's gross margin has grown at a 5.0% compound annual growth rate (CAGR), from 164% to 199.1%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.