Company / Operating Margin
Amazon Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
11.2%
FY2025
5-year range
2.4% / 11.2%
FY2021-FY2025
Trend
+3.8%
vs FY2024
Sector context
#70 of 184
Consumer Discretionary
What the data says
At 11.2%, Amazon's operating margin ranks #70 of 184 in the Consumer Discretionary sector. Operating Margin has increased for 3 consecutive years, from 2.4% in FY2022 to 11.2% in FY2025.
Based on SEC 10-K filings.
11.2% in FY2025 with a 5-year CAGR of +5.2%.
Improved from 6.4% to 11.2% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +8.8pp
- 5-Year Change
- +5.2pp
- 10-Year Change
- -
Sector benchmark
#70 of 184 in Consumer DiscretionaryTop 38% of 184This company 11.2% Sector average 3.4%
▼
+232.5% above sector average
Key checks
Key Insights
- Amazon's operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 3.8% year-over-year.
- Currently 7.8pp above the Consumer Discretionary sector average.
- Lowest operating margin in the period was in FY2017.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 20.7%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 11.2% | +3.8% |
| FY2024 | 10.8% | +67.7% |
| FY2023 | 6.4% | +169.3% |
| FY2022 | 2.4% | -55.1% |
| FY2021 | 5.3% | -10.6% |
| FY2020 | 5.9% | +14.5% |
| FY2019 | 5.2% | -2.8% |
| FY2018 | 5.3% | +130.7% |
| FY2017 | 2.3% | -25.0% |
| FY2016 | 3.1% | +47.4% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026