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Amazon AMZN Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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
Debt / equity0.2×-0.2×
Current ratio0.0×

Where this comes from

Reported directly by Amazon in its filing.

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 net debt?
Amazon (AMZN) reported net debt of $50.68B in Q2 2026.
How has Amazon's net debt changed year-over-year?
Amazon's net debt decreased by 47.7% year-over-year, from $96.82B to $50.68B.
What is the long-term trend for Amazon's net debt?
Over 5 years (2020 to 2025), Amazon's net debt has grown at a 7.5% compound annual growth rate (CAGR), from $61.89B to $88.99B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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