Last 48 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Amazon.com, Inc.'s quarterly P/E stands at 18.7x, down 37.4% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 14.6% YoY to 13.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 34.09 | 18.73 | 29.59 | 28.15 | 32.65 | 29.92 | 29.49 | 32.58 | 38.34 | 46.02 | 37.98 | 33.81 | 50.14 |
| — | -37.4% | +0.4% | -13.6% | -14.9% | -35.0% | -22.4% | -3.6% | -23.5% | -44.8% | -94.6% | -66.5% | — | |
| P/S Ratio | 3.67 | 3.12 | 2.94 | 3.30 | 3.53 | 3.30 | 3.15 | 3.15 | 3.50 | 3.36 | 2.37 | 2.35 | 2.53 |
| — | -5.4% | -6.6% | +5.0% | +1.1% | -1.8% | +32.7% | +34.2% | +38.0% | +60.0% | +63.4% | +2.1% | +13.7% | |
| P/B Ratio | 6.44 | 5.12 | 6.10 | 6.44 | 7.10 | 6.71 | 8.26 | 7.72 | 8.75 | 8.88 | 7.99 | 7.34 | 8.08 |
| — | -23.7% | -26.2% | -16.5% | -18.8% | -24.4% | +3.5% | +5.2% | +8.3% | +28.4% | +34.7% | -13.6% | -1.8% | |
| P/FCF | 341.55 | — | 41.97 | 1384.44 | 1785.19 | — | 33.19 | 149.23 | 67.53 | 118.40 | 14.46 | 38.40 | 67.82 |
| — | — | +26.5% | +827.7% | +2543.6% | — | +129.5% | +288.6% | -0.4% | — | -16.0% | — | — | |
| EV / EBITDA | 18.49 | 13.86 | 14.48 | 17.90 | 17.78 | 16.23 | 16.39 | 16.69 | 19.95 | 18.40 | 15.49 | 15.33 | 18.83 |
| — | -14.6% | -11.7% | +7.2% | -10.8% | -11.8% | +5.9% | +8.9% | +5.9% | +0.8% | +3.3% | -37.5% | -15.9% | |
| EV / EBIT | 33.69 | 24.87 | 23.58 | 21.33 | 28.62 | 23.86 | 26.34 | 27.63 | 33.65 | 36.44 | 29.07 | 27.50 | 43.18 |
| — | +4.2% | -10.5% | -22.8% | -14.9% | -34.5% | -9.4% | +0.5% | -22.1% | -37.9% | — | -68.9% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Amazon.com, Inc.'s operating margin was 13.1% in Q1 2026, up 1.4 pp QoQ and up 1.3 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 11.5% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.3% | 51.8% | 48.5% | 50.8% | 51.8% | 50.6% | 47.3% | 49.0% | 50.1% | 49.3% | 45.5% | 47.6% | 48.4% |
| — | +2.5% | +2.4% | +3.6% | +3.3% | +2.5% | +3.9% | +3.1% | +3.6% | +5.4% | +6.9% | +6.4% | +7.0% | |
| Operating Margin | 11.2% | 13.1% | 11.7% | 9.7% | 11.4% | 11.8% | 11.3% | 11.0% | 9.9% | 10.7% | 7.8% | 7.8% | 5.7% |
| — | +11.1% | +3.7% | -11.8% | +15.3% | +10.7% | +45.3% | +40.2% | +73.5% | +184.9% | +323.7% | +293.6% | +108.9% | |
| Net Margin | 10.8% | 16.7% | 9.9% | 11.8% | 10.8% | 11.0% | 10.7% | 9.6% | 9.1% | 7.3% | 6.3% | 6.9% | 5.0% |
| — | +51.5% | -6.8% | +21.9% | +18.9% | +51.2% | +70.4% | +39.7% | +81.4% | +192.2% | +3255.2% | +205.6% | +400.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.3% | 7.1% | 5.4% | 6.0% | 5.7% | 5.8% | 7.3% | 6.2% | 6.0% | 5.0% | 5.5% | 5.6% | 4.2% |
| — | +22.6% | -26.0% | -2.6% | -4.6% | +16.1% | +32.9% | +10.1% | +42.5% | +136.2% | +2715.5% | +163.1% | +373.4% | |
| ROA | 10.8% | 3.5% | 2.7% | 3.0% | 2.7% | 2.7% | 3.3% | 2.7% | 2.5% | 2.0% | 2.1% | 2.0% | 1.4% |
| — | +29.1% | -17.1% | +11.7% | +10.3% | +37.1% | +58.0% | +31.3% | +73.3% | +187.9% | +3255.6% | +202.5% | +393.4% | |
| ROIC | 14.7% | 3.5% | 4.1% | 3.1% | 3.7% | 3.9% | 4.8% | 4.2% | 3.8% | 4.2% | 3.7% | 3.2% | 2.3% |
| — | -10.3% | -15.5% | -27.2% | -3.7% | -8.2% | +30.6% | +33.3% | +67.1% | +182.9% | +318.1% | +276.8% | +97.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Amazon.com, Inc.'s Debt/EBITDA ratio is 4.9x, up from 3.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 12.3% YoY to 1.18x, strengthening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.47 | 0.37 | 0.37 | 0.40 | 0.44 | 0.46 | 0.52 | 0.56 | 0.62 | 0.67 | 0.75 | 0.82 |
| — | +9.0% | -18.7% | -29.5% | -28.6% | -29.9% | -31.9% | -30.6% | -31.7% | -32.0% | -30.0% | -19.7% | -13.1% | |
| Debt / EBITDA | 1.05 | 4.90 | 3.44 | 3.96 | 3.89 | 4.08 | 3.55 | 4.37 | 4.98 | 4.99 | 5.02 | 5.87 | 7.21 |
| — | +20.2% | -3.1% | -9.3% | -21.8% | -18.3% | -29.2% | -25.7% | -30.9% | -43.9% | -43.1% | -41.1% | -24.6% | |
| Current Ratio | 1.05 | 1.18 | 1.05 | 1.01 | 1.02 | 1.05 | 1.06 | 1.09 | 1.10 | 1.07 | 1.05 | 0.98 | 0.95 |
| — | +12.3% | -1.2% | -7.4% | -6.5% | -2.2% | +1.8% | +10.6% | +15.6% | +16.1% | +10.6% | +5.1% | -0.5% | |
| Quick Ratio | 0.88 | 1.01 | 0.88 | 0.80 | 0.81 | 0.84 | 0.87 | 0.87 | 0.88 | 0.87 | 0.84 | 0.74 | 0.70 |
| — | +19.4% | +0.2% | -8.0% | -8.5% | -2.8% | +3.6% | +16.8% | +25.6% | +25.6% | +16.6% | +9.7% | +2.9% | |
| Interest Coverage | 43.79 | 29.82 | 40.18 | 53.36 | 41.42 | 41.07 | 40.21 | 30.91 | 26.88 | 21.16 | 20.19 | 16.12 | 10.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Deep dive into AMZN consensus models and risk factors.
Wall Street verdict, signals, and target summaries.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying AMZN stock.
Amazon.com, Inc.'s current P/E is 34.1x. The average P/E over the last 4 quarters is 27.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Amazon.com, Inc.'s current operating margin is 11.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Amazon.com, Inc.'s business trajectory between earnings reports.