Amazon Com annual debt-to-equity ratio
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Amazon Com Debt-to-Equity Ratio Growth & History (AMZN)
Amazon Com's debt-to-equity ratio was 0.41 for fiscal 2025.
View full Amazon Com company overviewAmazon Com annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.41 | −0.10 | −19.90% |
| 2024 | 2024-12-31 | 0.52 | −0.25 | −32.47% |
| 2023 | 2023-12-31 | 0.77 | −0.30 | −28.34% |
| 2022 | 2022-12-31 | 1.07 | 0.11 | +11.46% |
| 2021 | 2021-12-31 | 0.96 | −0.12 | −10.84% |
| 2020 | 2020-12-31 | 1.08 | −0.17 | −13.87% |
| 2019 | 2019-12-31 | 1.25 | 0.28 | +28.82% |
| 2018 | 2018-12-31 | 0.97 | −0.44 | −31.24% |
| 2017 | 2017-12-31 | 1.41 | 0.47 | +49.81% |
| 2016 | 2016-12-31 | 0.94 | −0.25 | −20.84% |
| 2015 | 2015-12-31 | 1.19 | −0.20 | −14.65% |
| 2014 | 2014-12-31 | 1.39 | 0.74 | +112.83% |
| 2013 | 2013-12-31 | 0.65 | 0.04 | +7.16% |
| 2012 | 2012-12-31 | 0.61 | 0.43 | +236.59% |
| 2011 | 2011-12-31 | 0.18 | 0.08 | +79.27% |
| 2010 | 2010-12-31 | 0.10 | 0.08 | +388.34% |
| 2009 | 2009-12-31 | 0.02 | −0.13 | −86.45% |
| 2008 | 2008-12-31 | 0.15 | — | — |
Amazon Com quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.44 | −0.02 | −3.59% |
| Q1 2026 | 2026-03-31 | 0.51 | 0.02 | +4.34% |
| Q4 2025 | 2025-12-31 | 0.41 | −0.10 | −19.90% |
| Q3 2025 | 2025-09-30 | 0.41 | −0.17 | −28.85% |
| Q2 2025 | 2025-06-30 | 0.46 | −0.18 | −28.48% |
| Q1 2025 | 2025-03-31 | 0.49 | −0.22 | −30.64% |
| Q4 2024 | 2024-12-31 | 0.52 | −0.25 | −32.47% |
| Q3 2024 | 2024-09-30 | 0.58 | −0.26 | −30.73% |
| Q2 2024 | 2024-06-30 | 0.64 | −0.28 | −30.70% |
| Q1 2024 | 2024-03-31 | 0.71 | −0.30 | −29.63% |
| Q4 2023 | 2023-12-31 | 0.77 | −0.30 | −28.34% |
| Q3 2023 | 2023-09-30 | 0.84 | −0.22 | −20.76% |
| Q2 2023 | 2023-06-30 | 0.92 | −0.16 | −15.10% |
| Q1 2023 | 2023-03-31 | 1.01 | 0.04 | +4.42% |
| Q4 2022 | 2022-12-31 | 1.07 | 0.11 | +11.46% |
| Q3 2022 | 2022-09-30 | 1.06 | −0.01 | −1.38% |
| Q2 2022 | 2022-06-30 | 1.08 | 0.02 | +1.59% |
| Q1 2022 | 2022-03-31 | 0.97 | −0.01 | −0.98% |
| Q4 2021 | 2021-12-31 | 0.96 | −0.12 | −10.84% |
| Q3 2021 | 2021-09-30 | 1.07 | −0.09 | −7.45% |
| Q2 2021 | 2021-06-30 | 1.07 | −0.16 | −13.31% |
| Q1 2021 | 2021-03-31 | 0.98 | −0.22 | −18.52% |
| Q4 2020 | 2020-12-31 | 1.08 | −0.17 | −13.87% |
| Q3 2020 | 2020-09-30 | 1.16 | −0.16 | −12.06% |
| Q2 2020 | 2020-06-30 | 1.23 | −0.12 | −8.88% |
| Q1 2020 | 2020-03-31 | 1.20 | −0.23 | −16.00% |
| Q4 2019 | 2019-12-31 | 1.25 | 0.28 | +28.82% |
| Q3 2019 | 2019-09-30 | 1.32 | 0.29 | +28.06% |
| Q2 2019 | 2019-06-30 | 1.35 | 0.20 | +17.29% |
| Q1 2019 | 2019-03-31 | 1.43 | 0.17 | +13.85% |
| Q4 2018 | 2018-12-31 | 0.97 | −0.44 | −31.24% |
| Q3 2018 | 2018-09-30 | 1.03 | −0.01 | −1.28% |
| Q2 2018 | 2018-06-30 | 1.15 | 0.77 | +205.43% |
| Q1 2018 | 2018-03-31 | 1.25 | 0.38 | +43.28% |
| Q4 2017 | 2017-12-31 | 1.41 | 0.47 | +49.81% |
| Q3 2017 | 2017-09-30 | 1.04 | 0.12 | +12.85% |
| Q2 2017 | 2017-06-30 | 0.38 | −0.59 | −60.94% |
| Q1 2017 | 2017-03-31 | 0.87 | −0.19 | −17.92% |
| Q4 2016 | 2016-12-31 | 0.94 | −0.25 | −20.84% |
| Q3 2016 | 2016-09-30 | 0.93 | 0.17 | +22.87% |
| Q2 2016 | 2016-06-30 | 0.96 | 0.16 | +19.38% |
| Q1 2016 | 2016-03-31 | 1.06 | 0.18 | +20.15% |
| Q4 2015 | 2015-12-31 | 1.19 | −0.20 | −14.65% |
| Q3 2015 | 2015-09-30 | 0.75 | 0.37 | +96.40% |
| Q2 2015 | 2015-06-30 | 0.81 | 0.43 | +115.30% |
| Q1 2015 | 2015-03-31 | 0.89 | 0.51 | +132.79% |
| Q4 2014 | 2014-12-31 | 1.39 | 0.74 | +112.83% |
| Q3 2014 | 2014-09-30 | 0.38 | −0.03 | −6.42% |
| Q2 2014 | 2014-06-30 | 0.38 | −0.05 | −12.20% |
| Q1 2014 | 2014-03-31 | 0.38 | −0.06 | −13.07% |
| Q4 2013 | 2013-12-31 | 0.65 | 0.04 | +7.16% |
| Q3 2013 | 2013-09-30 | 0.41 | — | — |
| Q2 2013 | 2013-06-30 | 0.43 | — | — |
| Q1 2013 | 2013-03-31 | 0.44 | — | — |
| Q4 2012 | 2012-12-31 | 0.61 | 0.43 | +236.59% |
| Q4 2011 | 2011-12-31 | 0.18 | 0.08 | +79.27% |
| Q4 2010 | 2010-12-31 | 0.10 | 0.08 | +388.34% |
| Q3 2010 | 2010-09-30 | 0.03 | −0.01 | −20.77% |
| Q2 2010 | 2010-06-30 | 0.02 | −0.01 | −32.68% |
| Q1 2010 | 2010-03-31 | 0.02 | — | — |
| Q4 2009 | 2009-12-31 | 0.02 | −0.13 | −86.45% |
| Q3 2009 | 2009-09-30 | 0.03 | — | — |
| Q2 2009 | 2009-06-30 | 0.03 | — | — |
| Q4 2008 | 2008-12-31 | 0.15 | — | — |
Amazon Com debt-to-equity ratio trends
Over the last five fiscal years, Amazon Com's debt-to-equity ratio decreased from 1.08 to 0.41, a change of −0.66. The latest reported quarter, Q2 2026, shows 0.44.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Amazon Com source filings ↗Community posts
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