--- title: "Amazon: Metrics Guide" description: "Amazon revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/amazon/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- ## Direct Answer > This guide identifies the key financial and operating metrics for Amazon (AMZN), covering AWS cloud, North America and International e-commerce, and advertising, explaining what each metric measures and how it connects to Amazon's operating-income mix, fulfillment economics, and AWS margin contribution. # Amazon Financial Metrics & KPI Guide ## What Are Amazon's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $717 billion | $638 billion | $575 billion | $514 billion | | Operating income | $80.0 billion | $68.6 billion | $36.9 billion | $12.2 billion | | Operating margin | 11.2% | 10.8% | 6.4% | 2.4% | | Net income | $77.7 billion | $59.2 billion | $30.4 billion | -$2.7 billion | | Net margin | 10.8% | 9.3% | 5.3% | -0.5% | | Operating cash flow | $140 billion | $116 billion | $84.9 billion | $46.8 billion | | Capital expenditures | $132 billion | $83.0 billion | $52.7 billion | $63.6 billion | | Free cash flow | $7.7 billion | $32.9 billion | $32.2 billion | -$16.9 billion | Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $7.7 billion against net income of $77.7 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of Amazon revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $717 billion, operating income $80.0 billion and net income $77.7 billion.](https://www.getswoopr.com/images/charts/amazon-metrics-revenue-profit.webp) *Amazon revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Amazon operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 11.2% and net margin was 10.8%.](https://www.getswoopr.com/images/charts/amazon-metrics-margins.webp) *Amazon operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Amazon operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $140 billion, capital expenditures was $132 billion, free cash flow was $7.7 billion.](https://www.getswoopr.com/images/charts/amazon-metrics-cash-flow.webp) *Amazon operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Amazon's Balance Sheet Show? | Cash and cash equivalents | $86.8 billion | | --- | --- | | Long-term debt | $65.6 billion | | Total assets | $818 billion | | Total liabilities | Not reported | | Shareholders' equity | $411 billion | | Current ratio | 1.1x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Amazon reported in its own SEC filings, read from the SEC's XBRL data (accession 0001018724-26-000004 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Amazon's revenue in fiscal 2025? Amazon reported revenue of $717 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Amazon's operating margin? Amazon's operating margin was 11.2% in fiscal 2025: operating income of $80.0 billion on revenue of $717 billion. ### How much free cash flow did Amazon generate? Operating cash flow of $140 billion less capital expenditures of $132 billion gives free cash flow of $7.7 billion for fiscal 2025. ## References - [SEC EDGAR: AMAZON COM INC Form 10-K filed February 6, 2026](https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/amzn-20251231.htm) - [SEC EDGAR: AMAZON COM INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1018724&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Amazon company dossier](https://www.getswoopr.com/stocks/companies/amazon/) - [Amazon financial metrics](https://www.getswoopr.com/stocks/companies/amazon/metrics/) - [Amazon financial risk indicators](https://www.getswoopr.com/stocks/companies/amazon/risks/) - [Amazon peer comparison](https://www.getswoopr.com/stocks/companies/amazon/competitors/) - [Amazon business model and revenue mix](https://www.getswoopr.com/stocks/companies/amazon/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).