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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	200.5%+1.4pp	199.1%+1.4pp	197.7%+1.6pp	196%+1.6pp	194.5%+1.6pp
Operating margin	45%+0.5pp	44.6%+0.4pp	44.2%+1.3pp	42.9%+2.4pp	40.5%+3.0pp
Net margin	41.4%+0.5pp	40.9%-0.1pp	41%+3.0pp	38%+3.2pp	34.8%+3.8pp
Returns
Return on equity	89.2%-4.1pp	93.3%-5.4pp	98.6%+1.8pp	96.9%+2.8pp	94%+4.9pp
Return on invested capital	62.1%-3.8pp	65.9%-3.6pp	69.5%-0.4pp	69.9%+2.3pp	67.6%+4.0pp
Efficiency
Asset turnover	4.1×-0.2×	4.2×-0.1×	4.4×-0.1×	4.5×-0.1×	4.5×-0.1×
Liquidity
Current ratio	4.3×+0.1×	4.1×0.0×	4.1×-0.1×	4.2×-0.1×	4.3×0.0×
Leverage
Debt-to-equity	1.8×0.0×	1.8×-0.1×	1.9×-0.2×	2.1×-0.2×	2.3×-0.2×
Net debt / EBITDA	2.9×+0.2×	2.7×+0.1×	2.6×-0.1×	2.7×0.0×	2.7×-0.1×
Per Share
Book value per share	$143.58+9.4%	$131.28+9.4%	$119.98+9.0%	$110.04+8.7%	$101.24+8.6%
Valuation
Market capitalization	$9.3T+2.4%	$9.08T+1.8%	$8.92T+4.5%	$8.54T+3.0%	$8.29T+1.8%
Price / earnings	128.3×-2.3×	130.6×-1.5×	132.1×-8.6×	140.7×-13.3×	154×-19.1×
Price / sales	13.2×-0.1×	13.3×-0.2×	13.5×+0.2×	13.2×0.0×	13.2×-0.1×
Price / book	24.2×-1.5×	25.7×-2.1×	27.8×-1.2×	29×-1.7×	30.7×-2.1×
EV / EBITDA	70.2×-0.3×	70.5×-0.7×	71.2×-0.6×	71.9×-2.6×	74.5×-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.