Amazon Com EBITDA Margin Growth & History (AMZN)
Amazon Com's ebitda margin was 20.33% for fiscal 2025.
View full Amazon Com company overviewAmazon Com annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.33% | +1.30 pp |
| 2024 | 2024-12-31 | 19.03% | +4.15 pp |
| 2023 | 2023-12-31 | 14.88% | +4.34 pp |
| 2022 | 2022-12-31 | 10.54% | −2.09 pp |
| 2021 | 2021-12-31 | 12.62% | +0.17 pp |
| 2020 | 2020-12-31 | 12.45% | −0.50 pp |
| 2019 | 2019-12-31 | 12.95% | +1.03 pp |
| 2018 | 2018-12-31 | 11.92% | +3.16 pp |
| 2017 | 2017-12-31 | 8.76% | −0.28 pp |
| 2016 | 2016-12-31 | 9.05% | +1.09 pp |
| 2015 | 2015-12-31 | 7.96% | +3.69 pp |
| 2014 | 2014-12-31 | 4.26% | −0.04 pp |
| 2013 | 2013-12-31 | 4.30% | +0.49 pp |
| 2012 | 2012-12-31 | 3.81% | −0.13 pp |
| 2011 | 2011-12-31 | 3.94% | −1.78 pp |
| 2010 | 2010-12-31 | 5.72% | −0.45 pp |
| 2009 | 2009-12-31 | 6.17% | +0.16 pp |
| 2008 | 2008-12-31 | 6.02% | −0.06 pp |
| 2007 | 2007-12-31 | 6.07% | — |
Amazon Com quarterly ebitda margin
| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 23.65% | +3.14 pp |
| Q1 2026 | 2026-03-31 | 23.58% | +2.59 pp |
| Q4 2025 | 2025-12-31 | 20.83% | +1.22 pp |
| Q3 2025 | 2025-09-30 | 18.99% | −0.43 pp |
| Q2 2025 | 2025-06-30 | 20.51% | +2.46 pp |
| Q1 2025 | 2025-03-31 | 20.99% | +2.15 pp |
| Q4 2024 | 2024-12-31 | 19.61% | +3.71 pp |
| Q3 2024 | 2024-09-30 | 19.42% | +3.12 pp |
| Q2 2024 | 2024-06-30 | 18.05% | +3.71 pp |
| Q1 2024 | 2024-03-31 | 18.83% | +6.35 pp |
| Q4 2023 | 2023-12-31 | 15.90% | +5.57 pp |
| Q3 2023 | 2023-09-30 | 16.30% | +6.19 pp |
| Q2 2023 | 2023-06-30 | 14.34% | +3.59 pp |
| Q1 2023 | 2023-03-31 | 12.48% | +1.44 pp |
| Q4 2022 | 2022-12-31 | 10.34% | +0.59 pp |
| Q3 2022 | 2022-09-30 | 10.11% | −2.34 pp |
| Q2 2022 | 2022-06-30 | 10.75% | −3.17 pp |
| Q1 2022 | 2022-03-31 | 11.05% | −4.04 pp |
| Q4 2021 | 2021-12-31 | 9.75% | −1.73 pp |
| Q3 2021 | 2021-09-30 | 12.45% | −0.77 pp |
| Q2 2021 | 2021-06-30 | 13.92% | +0.88 pp |
| Q1 2021 | 2021-03-31 | 15.09% | +2.69 pp |
| Q4 2020 | 2020-12-31 | 11.49% | −0.01 pp |
| Q3 2020 | 2020-09-30 | 13.23% | +0.77 pp |
| Q2 2020 | 2020-06-30 | 13.04% | −0.03 pp |
| Q1 2020 | 2020-03-31 | 12.39% | −3.14 pp |
| Q4 2019 | 2019-12-31 | 11.49% | +0.37 pp |
| Q3 2019 | 2019-09-30 | 12.46% | −0.80 pp |
| Q2 2019 | 2019-06-30 | 13.07% | +0.56 pp |
| Q1 2019 | 2019-03-31 | 15.53% | +4.57 pp |
| Q4 2018 | 2018-12-31 | 11.12% | +1.82 pp |
| Q3 2018 | 2018-09-30 | 13.26% | +5.81 pp |
| Q2 2018 | 2018-06-30 | 12.50% | +3.91 pp |
| Q1 2018 | 2018-03-31 | 10.97% | +1.34 pp |
| Q4 2017 | 2017-12-31 | 9.30% | +1.18 pp |
| Q3 2017 | 2017-09-30 | 7.45% | −0.68 pp |
| Q2 2017 | 2017-06-30 | 8.59% | −1.91 pp |
| Q1 2017 | 2017-03-31 | 9.63% | −0.32 pp |
| Q4 2016 | 2016-12-31 | 8.12% | +0.12 pp |
| Q3 2016 | 2016-09-30 | 8.13% | +0.22 pp |
| Q2 2016 | 2016-06-30 | 10.51% | +2.02 pp |
| Q1 2016 | 2016-03-31 | 9.95% | +2.55 pp |
| Q4 2015 | 2015-12-31 | 8.00% | +5.13 pp |
| Q3 2015 | 2015-09-30 | 7.91% | +4.49 pp |
| Q2 2015 | 2015-06-30 | 8.49% | +2.83 pp |
| Q1 2015 | 2015-03-31 | 7.40% | +1.54 pp |
| Q4 2014 | 2014-12-31 | 2.87% | +0.21 pp |
| Q3 2014 | 2014-09-30 | 3.42% | −1.32 pp |
| Q2 2014 | 2014-06-30 | 5.66% | +0.34 pp |
| Q1 2014 | 2014-03-31 | 5.86% | +0.37 pp |
| Q4 2013 | 2013-12-31 | 2.66% | +0.02 pp |
| Q3 2013 | 2013-09-30 | 4.73% | +0.92 pp |
| Q2 2013 | 2013-06-30 | 5.32% | +0.70 pp |
| Q1 2013 | 2013-03-31 | 5.48% | +0.56 pp |
| Q4 2012 | 2012-12-31 | 2.64% | −0.04 pp |
| Q3 2012 | 2012-09-30 | 3.81% | +1.22 pp |
| Q2 2012 | 2012-06-30 | 4.61% | +1.15 pp |
| Q1 2012 | 2012-03-31 | 4.92% | +0.95 pp |
| Q4 2011 | 2011-12-31 | 2.68% | −2.17 pp |
| Q3 2011 | 2011-09-30 | 2.59% | −2.94 pp |
| Q2 2011 | 2011-06-30 | 3.47% | −2.61 pp |
| Q1 2011 | 2011-03-31 | 3.97% | −3.22 pp |
| Q4 2010 | 2010-12-31 | 4.85% | −1.37 pp |
| Q3 2010 | 2010-09-30 | 5.53% | −0.84 pp |
| Q2 2010 | 2010-06-30 | 6.08% | +0.85 pp |
| Q1 2010 | 2010-03-31 | 7.19% | +0.42 pp |
| Q4 2009 | 2009-12-31 | 6.22% | — |
| Q3 2009 | 2009-09-30 | 6.37% | +0.97 pp |
| Q2 2009 | 2009-06-30 | 5.22% | −1.84 pp |
| Q1 2009 | 2009-03-31 | 6.77% | — |
| Q3 2008 | 2008-09-30 | 5.39% | — |
| Q2 2008 | 2008-06-30 | 7.06% | — |
Amazon Com ebitda margin trends
Over the last five fiscal years, Amazon Com's ebitda margin increased from 12.45% to 20.33%, a change of +7.87 percentage points. The latest reported quarter, Q2 2026, shows 23.65%.
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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