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%+6.1pp	199.1%+6.2pp	197.7%+6.6pp	196%+7.2pp	194.5%+8.1pp
Operating margin	45%+4.5pp	44.6%+7.0pp	44.2%+11.0pp	42.9%+14.7pp	40.5%+18.1pp
Net margin	41.4%+6.6pp	40.9%+9.9pp	41%+14.0pp	38%—	34.8%—
Returns
Return on equity	89.2%-4.9pp	93.3%+4.2pp	98.6%+16.3pp	96.9%—	94%—
Return on invested capital	62.1%-5.4pp	65.9%+2.4pp	69.5%+13.3pp	69.9%+21.3pp	67.6%+27.5pp
Efficiency
Asset turnover	4.1×-0.5×	4.2×-0.4×	4.4×-0.3×	4.5×-0.3×	4.5×-0.2×
Liquidity
Current ratio	4.3×0.0×	4.1×-0.2×	4.1×-0.2×	4.2×0.0×	4.3×+0.2×
Leverage
Debt-to-equity	1.8×-0.4×	1.8×-0.6×	1.9×-0.8×	2.1×-0.9×	2.3×-1.0×
Net debt / EBITDA	2.9×+0.2×	2.7×-0.2×	2.6×-0.6×	2.7×-1.2×	2.7×-2.1×
Per Share
Book value per share	$143.58+41.8%	$131.28+40.9%	$119.98+39.9%	$110.04+39.4%	$101.24+38.7%
Valuation
Market capitalization	$9.3T+12.2%	$9.08T+11.5%	$8.92T+20.4%	$8.54T+26.2%	$8.29T+36.1%
Price / earnings	128.3×-25.7×	130.6×-42.6×	132.1×-53.7×	140.7×—	154×—
Price / sales	13.2×0.0×	13.3×0.0×	13.5×+1.1×	13.2×+1.6×	13.2×+2.4×
Price / book	24.2×-6.5×	25.7×-7.1×	27.8×-4.7×	29×-3.1×	30.7×-0.8×
EV / EBITDA	70.2×-4.2×	70.5×-7.6×	71.2×-6.6×	71.9×-6.9×	74.5×-7.0×

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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.