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Amazon AMZN Operating margin

Operating margin at other companies

Target logo
TargetTGT
4.5%-0.9pp
Walmart
 logo
Walmart WMT
4.2%-0.2pp
Apple logo
AppleAAPL
33.2%+1.3pp
Microsoft logo
MicrosoftMSFT
46.8%+1.2pp
Costco Wholesale logo
Costco WholesaleCOST
3.8%+0.1pp
eBay logo
eBayEBAY
19.6%-2.7pp

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
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

Calculated from Amazon’s reported figures.

Based on trailing twelve months.

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 operating margin?
Amazon (AMZN) reported operating margin of 12.1% in Q2 2026.
How has Amazon's operating margin changed year-over-year?
Amazon's operating margin increased by 6.2% year-over-year, from 11.4% to 12.1%.
What is the long-term trend for Amazon's operating margin?
Over 5 years (2020 to 2025), Amazon's operating margin has grown at a 13.5% compound annual growth rate (CAGR), from 5.9% to 11.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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