To the full analysis
Amazon.com stock: growth
AMZNAmazon.com reported $716.92B in revenue for fiscal 2025, up 12.4% on the prior year, up 13.2% a year on average over up to five years.
Daily figure as of 12 Nov 2026
Revenue (Annual rate)
24.8%
per year from 2006 to 2025, per share 23.1%
Earnings (Annual rate)
37.2%
per year from 2006 to 2025, per share 35.4%
Free cash flow (Annual rate)
15.6%
per year from 2006 to 2025, per share 14.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 13.2% | 21.0% | 24.8% |
| Revenue per share | 11.7% | 19.4% | 23.1% |
| Earnings | 29.5% | 62.7% | 37.2% |
| Earnings per share | 27.9% | 60.6% | 35.4% |
| Free cash flow | −21.6% | 1.5% | 15.6% |
| Free cash flow per share | −22.6% | 0.1% | 14.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $10.71B | $190M | $486M |
| 2007 | $14.84B | $476M | $1.18B |
| 2008 | $19.17B | $645M | $1.36B |
| 2009 | $24.51B | $902M | $2.92B |
| 2010 | $34.2B | $1.15B | $2.52B |
| 2011 | $48.08B | $631M | $2.09B |
| 2012 | $61.09B | −$39M | $395M |
| 2013 | $74.45B | $274M | $2.03B |
| 2014 | $88.99B | −$241M | $1.95B |
| 2015 | $107.01B | $596M | $6.65B |
| 2016 | $135.99B | $2.37B | $9.4B |
| 2017 | $177.87B | $3.03B | $6.41B |
| 2018 | $232.89B | $10.07B | $17.3B |
| 2019 | $280.52B | $11.59B | $21.65B |
| 2020 | $386.06B | $21.33B | $25.92B |
| 2021 | $469.82B | $33.36B | −$14.73B |
| 2022 | $513.98B | −$2.72B | −$16.89B |
| 2023 | $574.79B | $30.43B | $32.22B |
| 2024 | $637.96B | $59.25B | $32.88B |
| 2025 | $716.92B | $77.67B | $7.7B |
Revenue by segment
How Amazon.com, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Online Stores38%
- Third-Party Seller Services24%
- Amazon Web Services18%
- Advertising Services10%
- Subscription Services7%
- Physical Stores3%
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| Online Stores | $222.08B | $220B | $231.87B | $247.03B | $269.29B | 37.6% |
| Third-Party Seller Services | $103.37B | $117.72B | $140.05B | $156.15B | $172.16B | 24% |
| Amazon Web Services | $62.2B | $80.1B | $90.76B | $107.56B | $128.73B | 18% |
| Advertising Services | $31.16B | $37.74B | $46.91B | $56.21B | $68.64B | 9.6% |
| Subscription Services | $31.77B | $35.22B | $40.21B | $44.37B | $49.62B | 6.9% |
| Physical Stores | $17.08B | $18.96B | $20.03B | $21.22B | $22.56B | 3.1% |
| Total revenue | $469.82B | $513.98B | $574.79B | $637.96B | $716.92B | 100% |
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 12 Nov 2026, previously Strong
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.