AMAZON COM INC (AMZN) closed fiscal year 2025 with a gross margin of 50.3 % and a net margin of 10.8 %.
AMAZON COM INC (AMZN) closed fiscal year 2025 with a gross margin of 50.3 % and a net margin of 10.8 %. The same year shows an EBITDA margin of 20.3 % and an EBIT margin of 11.2 %. The free cash flow margin was 1.1 %. Against the previous year the gross margin moved +1.4 pp and the net margin +1.5 pp. Across the period the gross margin ranges between 22.3 % in 2008 and 50.3 % in 2025. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 22.60 % | 22.28 % | 22.57 % | 22.35 % | 22.44 % | 24.75 % | 27.23 % | 29.48 % | 33.04 % | 35.09 % | 37.07 % | 40.25 % | 40.99 % | 39.57 % | 42.03 % | 43.81 % | 46.98 % | 48.85 % | 50.29 % |
| EBITDA margin (%) | 6.07 % | 6.02 % | 6.17 % | 5.72 % | 3.94 % | 3.81 % | 4.30 % | 4.26 % | 7.96 % | 9.05 % | 8.76 % | 11.92 % | 12.95 % | 12.45 % | 12.62 % | 10.54 % | 14.88 % | 19.03 % | 20.33 % |
| EBIT margin (%) | 4.42 % | 4.39 % | 4.61 % | 4.11 % | 1.79 % | 1.11 % | 1.00 % | 0.20 % | 2.09 % | 3.08 % | 2.31 % | 5.33 % | 5.18 % | 5.93 % | 5.30 % | 2.38 % | 6.41 % | 10.75 % | 11.16 % |
| Net margin (%) | 3.21 % | 3.37 % | 3.68 % | 3.37 % | 1.31 % | -0.06 % | 0.37 % | -0.27 % | 0.56 % | 1.74 % | 1.71 % | 4.33 % | 4.13 % | 5.53 % | 7.10 % | -0.53 % | 5.29 % | 9.29 % | 10.83 % |
| FCF margin (%) | 7.96 % | 7.12 % | 11.91 % | 7.36 % | 4.35 % | 0.65 % | 2.73 % | 2.19 % | 6.96 % | 7.70 % | 3.60 % | 7.43 % | 7.72 % | 6.71 % | -3.13 % | -3.29 % | 5.61 % | 5.15 % | 1.07 % |
