Amazon - Public Comps and Valuation Multiples

Amazon Overview

About Amazon

Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.

Founded

1994

HQ

Employees

1556K+

Website

amazon.com

Sectors

Consumer E-commerce
AI Conglomerates
Cloud Infrastructure
Consumer Marketplaces
Horizontal Marketplaces
Streaming

Financials

LTM Revenue $688B

LTM EBITDA $159B

EV

$2.51T

Valuation Multiples

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Amazon Financials

As of August 2025, Amazon reported last 12-month revenue of $688B and EBITDA of $159B.

In the same period, Amazon generated $342B in LTM gross profit and $68.1B in net income.

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Amazon P&L

In the most recent fiscal year, Amazon reported revenue of $638B and EBITDA of $124B.

Amazon expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$688B	XXX	$638B	XXX	XXX	XXX
Gross Profit	$342B	XXX	$312B	XXX	XXX	XXX
Gross Margin	50%	XXX	49%	XXX	XXX	XXX
EBITDA	$159B	XXX	$124B	XXX	XXX	XXX
EBITDA Margin	23%	XXX	19%	XXX	XXX	XXX
EBIT	$77.3B	XXX	$68.6B	XXX	XXX	XXX
EBIT Margin	11%	XXX	11%	XXX	XXX	XXX
Net Profit	$68.1B	XXX	$59.2B	XXX	XXX	XXX
Net Margin	10%	XXX	9%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Amazon including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $688B. EBITDA for the last twelve months was $159B. In the most recent fiscal year, Amazon achieved $638B in revenue and $124B in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$688B	Analyst estimates available to subscribers	$638B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$342B	Analyst estimates available to subscribers	$312B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	49.7% gross margin	Analyst estimates available to subscribers	48.9% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$159B	Analyst estimates available to subscribers	$124B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	23.1% EBITDA margin	Analyst estimates available to subscribers	19.4% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$77.3B	Analyst estimates available to subscribers	$68.6B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	11.2% EBIT margin	Analyst estimates available to subscribers	10.8% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$68.1B	Analyst estimates available to subscribers	$59.2B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	9.9% net profit margin	Analyst estimates available to subscribers	9.3% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Amazon

This financial data table provides comprehensive performance metrics for Amazon, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Amazon generated $688B in revenue over the last twelve months.
The company achieved $159B in EBITDA over the last twelve months.
Gross profit for the last twelve months was $342B.
Net income over the last twelve months reached $68.1B.

Fiscal Year Performance

In the most recent fiscal year, Amazon reported $638B in total revenue.
Fiscal year EBITDA was $124B.
The company maintained a gross profit margin of 48.9% in the most recent fiscal year.
EBITDA margin for the fiscal year was 19.4%.
Net profit margin reached 9.3% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Amazon. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Amazon Stock Performance

Amazon has current market cap of $2.47T, and EV of $2.51T.

Market Cap Evolution

Amazon Stock Data

As of September 16, 2025, Amazon's stock price is $231.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$2.51T	$2.47T	XXX	XXX	XXX	XXX	$6.33

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Amazon Valuation Multiples

Amazon's trades at 3.9x EV/Revenue multiple, and 20.3x EV/EBITDA.

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Amazon Financial Valuation Multiples

As of September 16, 2025, Amazon has market cap of $2.47T and EV of $2.51T.

Equity research analysts estimate Amazon's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Amazon has a P/E ratio of 36.2x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$2.47T	XXX	$2.47T	XXX	XXX	XXX
EV (current)	$2.51T	XXX	$2.51T	XXX	XXX	XXX
EV/Revenue	3.6x	XXX	3.9x	XXX	XXX	XXX
EV/EBITDA	15.8x	XXX	20.3x	XXX	XXX	XXX
EV/EBIT	32.4x	XXX	36.6x	XXX	XXX	XXX
EV/Gross Profit	7.3x	XXX	n/a	XXX	XXX	XXX
P/E	36.2x	XXX	41.7x	XXX	XXX	XXX
EV/FCF	85.9x	XXX	76.3x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Amazon Margins & Growth Rates

Amazon's last 12 month revenue growth is 11%

Amazon's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.

Amazon's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Amazon's rule of X is 49% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Amazon Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	11%	XXX	11%	XXX	XXX	XXX
EBITDA Margin	23%	XXX	19%	XXX	XXX	XXX
EBITDA Growth	17%	XXX	36%	XXX	XXX	XXX
Rule of 40	26%	XXX	30%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	49%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.4M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.2M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	7%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	38%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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