Amazon.com, Inc.

AMZNUS

Amazon.com, Inc. operates a vast global retail enterprise, distributing consumer goods and subscription services through both its extensive online platforms and a network of physical stores across North America and internationally. Its operations are structured into three primary segments: North America, International, and Amazon Web Services (AWS). The company's product offerings encompass both merchandise and content procured for direct resale, alongside items sold by third-party merchants on its platform. Furthermore, the company develops and markets its own range of electronic devices, such as Kindle e-readers, Fire tablets and TVs, Ring, Blink, eero, and Echo products. It also invests in the development and production of original media content. Amazon provides various programs designed to enable independent sellers to offer their products, and empowers authors, musicians, filmmakers, Twitch streamers, and app developers to publish and commercialize their content. Beyond this, it delivers a comprehensive suite of cloud computing solutions, including compute, storage, database, analytics, and machine learning services through AWS. The company also offers fulfillment services, advertising solutions, and digital content subscriptions. A key offering is Amazon Prime, its exclusive membership program. Amazon caters to a wide array of clientele, including individual consumers, third-party sellers, software developers, enterprise clients, content creators, and advertisers. Incorporated in 1994, Amazon.com, Inc. maintains its headquarters in Seattle, Washington.

Founded1994IPO year1997As of2026-08-04
Market Cap
$2993.27B
Enterprise Value
$3093.51B
EV / LTM Revenue
4.3x
EV / NTM Revenue
3.5x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
3.5x
Gross Profit
6.8x
EBITDA
21.2x
Classification
Sector
Internet & Digital Commerce
Sub-sector
E-Commerce
Listing
AMZN
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY9%12%11%12%15%14%
Revenue$469.82B$513.98B$574.78B$637.96B$716.92B$826.30B$941.88B
Gross Profit$197.48B$225.15B$270.05B$311.67B$360.51B
Gross Profit Margin42.0%43.8%47.0%48.9%50.3%
EBITDA$74.26B$38.81B$89.40B$123.81B$165.34B$134.39B$153.19B
EBITDA Margin15.8%7.6%15.6%19.4%23.1%16.3%16.3%
EBIT$24.88B$12.25B$36.85B$68.59B$79.97B$65.97B$75.20B
Net Income$33.36B($2.72B)$30.43B$59.25B$77.67B$125.53B$112.18B
Free Cash Flow($14.73B)($16.89B)$32.22B$32.88B$7.70B
FCF Margin-3.1%-3.3%5.6%5.2%1.1%
Short-Term Debt$0M$0M$0M$0M$0M
Long-Term Debt$48.74B$67.15B$58.31B$52.62B$65.65B
Cash & Cash Equivalents$36.22B$53.89B$73.39B$78.78B$86.81B
Net Debt$12.52B$13.26B($15.07B)($26.16B)($21.16B)
Net Debt / EBITDA0.2x0.3x-0.2x-0.2x-0.1x
Rule of 406.1%17.4%16.1%13.5%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.