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Amazon AMZN Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin50.8%+1.2pp50.6%+1.4pp50.3%+1.4pp50%+1.6pp49.6%+1.6pp
Operating margin12.1%+0.7pp11.5%+0.5pp11.2%+0.4pp11%+1.3pp11.4%+2.4pp
Net margin15.9%+5.4pp10.6%+0.5pp9.2%-0.1pp11.1%+3.0pp10.5%+3.2pp
Returns
Return on equity27.9%+3.1pp21.1%-4.1pp18.9%-5.4pp24.3%+1.8pp24.8%+2.8pp
Return on invested capital17.8%+0.4pp14%-3.8pp15%-3.6pp15.7%-0.4pp17.4%+2.3pp
Efficiency
Asset turnover0.9×-0.2×-0.2×-0.1×1.1×-0.1×1.1×-0.1×
Liquidity
Current ratio0.0×1.2×+0.1×1.1×0.0×-0.1×-0.1×
Leverage
Debt-to-equity0.2×-0.2×0.5×0.0×0.4×-0.1×0.4×-0.2×0.5×-0.2×
Per Share
Book value per share$50.59+63.8%$40.64+43.4%$37.97+42.3%$34.08+41.2%$30.89+39.9%
Valuation
Market capitalization$2.92T+29.4%$2.24T+10.9%$2.47T+7.0%$2.34T+19.7%$2.26T+12.3%
Price / earnings23.6×-8.3×28.3×-2.3×37.4×-1.5×30.6×-8.6×32×-13.3×
Price / sales3.8×+0.4×-0.1×3.4×-0.2×3.4×+0.2×3.4×0.0×
Price / book5.3×-1.5×5.1×-1.5×-2.1×6.3×-1.2×6.8×-1.7×

FAQ

What are Amazon's profit margins?
Amazon (AMZN) runs a 50.8% gross margin and a 12.1% operating margin, with a 15.9% 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.