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Amazon AMZN Net margin

Net margin at other companies

International Business Machines logo
International Business MachinesIBM
15.6%+6.9pp
Lowe's Companies logo
Lowe's CompaniesLOW
7.5%-0.7pp
Walmart
 logo
Walmart WMT
3.1%+0.4pp
TJX Companies logo
TJX CompaniesTJX
9.4%+0.9pp
Apple logo
AppleAAPL
27.2%+2.9pp
Best Buy logo
Best BuyBBY
2.7%+0.6pp

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

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 net margin?
Amazon (AMZN) reported net margin of 10.6% in Q1 2026.
How has Amazon's net margin changed year-over-year?
Amazon's net margin increased by 5.0% year-over-year, from 10.1% to 10.6%.
What is the long-term trend for Amazon's net margin?
Over 2 years (2021 to 2025), Amazon's net margin has grown at a 25.7% compound annual growth rate (CAGR), from 25.9% to 40.9%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.