What are Amazon's profit margins?

Amazon (AMZN) runs a 50.6% gross margin and a 11.5% operating margin, with a 10.6% net margin.

Where do Amazon's ratios come from?

Every ratio is computed from Amazon's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Amazon AMZN Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	50.6%+1.4pp	50.3%+1.4pp	50%+1.6pp	49.6%+1.6pp	49.2%+1.6pp
Operating margin	11.5%+0.5pp	11.2%+0.4pp	11%+1.3pp	11.4%+2.4pp	11%+3.0pp
Net margin	10.6%+0.5pp	9.2%-0.1pp	11.1%+3.0pp	10.5%+3.2pp	10.1%+3.8pp
Returns
Return on equity	21.1%-4.1pp	18.9%-5.4pp	24.3%+1.8pp	24.8%+2.8pp	25.2%+4.9pp
Return on invested capital	14%-3.8pp	15%-3.6pp	15.7%-0.4pp	17.4%+2.3pp	17.8%+4.0pp
Efficiency
Asset turnover	1×-0.2×	1×-0.1×	1.1×-0.1×	1.1×-0.1×	1.1×-0.1×
Liquidity
Current ratio	1.2×+0.1×	1.1×0.0×	1×-0.1×	1×-0.1×	1×0.0×
Leverage
Debt-to-equity	0.5×0.0×	0.4×-0.1×	0.4×-0.2×	0.5×-0.2×	0.5×-0.2×
Net debt / EBITDA	0.9×+0.2×	0.7×+0.1×	0.6×-0.1×	0.7×0.0×	0.7×-0.1×
Per Share
Book value per share	$40.64+43.4%	$37.97+42.3%	$34.08+41.2%	$30.89+39.9%	$28.34+39.6%
Valuation
Market capitalization	$2.24T+10.9%	$2.47T+7.0%	$2.34T+19.7%	$2.26T+12.3%	$2.02T+7.6%
Price / earnings	28.3×-2.3×	37.4×-1.5×	30.6×-8.6×	32×-13.3×	30.6×-19.1×
Price / sales	3×-0.1×	3.4×-0.2×	3.4×+0.2×	3.4×0.0×	3.1×-0.1×
Price / book	5.1×-1.5×	6×-2.1×	6.3×-1.2×	6.8×-1.7×	6.6×-2.1×
EV / EBITDA	16.3×-0.3×	18.9×-0.7×	17.6×-0.6×	17.5×-2.6×	16.6×-3.7×

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Questions, answered.

What are Amazon's profit margins?: Amazon (AMZN) runs a 50.6% gross margin and a 11.5% operating margin, with a 10.6% net margin.
Where do Amazon's ratios come from?: Every ratio is computed from Amazon's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.