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Amazon AMZN Return on invested capital

Return on invested capital at other companies

Target logo
TargetTGT
11.9%-6.4pp
Walmart
 logo
Walmart WMT
15.3%-1.2pp
Apple logo
AppleAAPL
94.3%+17.4pp
Microsoft logo
MicrosoftMSFT
25.6%-2.0pp
Costco Wholesale logo
Costco WholesaleCOST
50.6%+3.0pp
eBay logo
eBayEBAY
24.2%+3.0pp

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
Operating margin12.1%+0.7pp
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 return on invested capital?
Amazon (AMZN) reported return on invested capital of 17.8% in Q2 2026.
How has Amazon's return on invested capital changed year-over-year?
Amazon's return on invested capital increased by 2.4% year-over-year, from 17.4% to 17.8%.
What is the long-term trend for Amazon's return on invested capital?
Over 5 years (2020 to 2025), Amazon's return on invested capital has grown at a -0.8% compound annual growth rate (CAGR), from 15.6% to 15%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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