TTM
-0.3%
YoY change
−4.08pp
Trough year (1999)
-23.0%
Peak year (2009)
11.9%
Latest annual
1.1%
FCF Margin history chart for Amazon (AMZN) from 1996 to 2025
Latest: 1.1%
FCF Margin change chart for Amazon (AMZN) from 1996 to 2025
Latest: −4.08pp
FCF Margin history table for Amazon (AMZN) from 1996 to 2025
| 2025 | 1.1% | -4.08pp | ||
| 2024 | 5.2% | -0.45pp | ||
| 2023 | 5.6% | +8.89pp | ||
| 2022 | -3.3% | -0.15pp | ||
| 2021 | -3.1% | -9.85pp | ||
| 2020 | 6.7% | -1.00pp | ||
| 2019 | 7.7% | +0.29pp | ||
| 2018 | 7.4% | +3.82pp | ||
| 2017 | 3.6% | -3.31pp | ||
| 2016 | 6.9% | +0.70pp | ||
| 2015 | 6.2% | +4.03pp | ||
| 2014 | 2.2% | -0.54pp | ||
| 2013 | 2.7% | +2.08pp | ||
| 2012 | 0.6% | -3.70pp | ||
| 2011 | 4.4% | -3.00pp | ||
| 2010 | 7.4% | -4.56pp | ||
| 2009 | 11.9% | +4.80pp | ||
| 2008 | 7.1% | -0.84pp | ||
| 2007 | 8.0% | +3.42pp | ||
| 2006 | 4.5% | -1.69pp | ||
| 2005 | 6.2% | -0.66pp | ||
| 2004 | 6.9% | +0.30pp | ||
| 2003 | 6.6% | +3.16pp | ||
| 2002 | 3.4% | +8.88pp | ||
| 2001 | -5.4% | +4.15pp | ||
| 2000 | -9.6% | +13.44pp | ||
| 1999 | -23.0% | -23.49pp | ||
| 1998 | 0.4% | +5.12pp | ||
| 1997 | -4.7% | +16.56pp | ||
| 1996 | -21.2% | — |
- 20251.1%-4.08pp
- 20245.2%-0.45pp
- 20235.6%+8.89pp
- 2022-3.3%-0.15pp
- 2021-3.1%-9.85pp
- 20206.7%-1.00pp
- 20197.7%+0.29pp
- 20187.4%+3.82pp
- 20173.6%-3.31pp
- 20166.9%+0.70pp
- 20156.2%+4.03pp
- 20142.2%-0.54pp
- 20132.7%+2.08pp
- 20120.6%-3.70pp
- 20114.4%-3.00pp
- 20107.4%-4.56pp
- 200911.9%+4.80pp
- 20087.1%-0.84pp
- 20078.0%+3.42pp
- 20064.5%-1.69pp
- 20056.2%-0.66pp
- 20046.9%+0.30pp
- 20036.6%+3.16pp
- 20023.4%+8.88pp
- 2001-5.4%+4.15pp
- 2000-9.6%+13.44pp
- 1999-23.0%-23.49pp
- 19980.4%+5.12pp
- 1997-4.7%+16.56pp
- 1996-21.2%—
FCF Margin values are taken from Amazon's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Amazon (AMZN)
According to Amazon's latest reported financial statements, the company's latest reported free cash flow margin is -0.3%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Amazon (AMZN) free cash flow margin totalled 1.07% – contracted 4.1 percentage points year-over-year.
Across the available history, free cash flow margin reached its high of 11.91% in 2009 and its low of -23.05% in 1999.
Amazon FCF Margin by Year
Amazon FCF Margin 2025: 1.1%
2025's free cash flow margin for Amazon came in at 1.07%, contracted 4.1 percentage points from 2024.
Amazon FCF Margin 2024: 5.2%
Amazon posted free cash flow margin of 5.15% in 2024, contracted 0.5 percentage points from 2023.
Amazon FCF Margin 2023: 5.6%
In 2023, Amazon reported free cash flow margin of 5.61%, expanded 8.9 percentage points from 2022.
Amazon FCF Margin 2022: -3.3%
Amazon free cash flow margin in 2022 was -3.29%, contracted 0.2 percentage points from 2021.
Amazon FCF Margin 2021: -3.1%
Amazon free cash flow margin in 2021 was -3.13%.
See more financial history for Amazon (AMZN).
Sector peers by FCF Margin
Consumer Cyclical peers of Amazon (AMZN), ranked by their latest free cash flow margin
| 32.6% | |
| 25.6% | |
| 24.0% | |
| 8.9% | |
| 8.6% | |
| 8.6% | |
| 7.2% | |
| -4.9% |
- 25.6%
- 24.0%
- 8.6%
- 7.2%
- -4.9%
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