Financials Amazon.com, Inc.

Equities

AMZN

US0231351067

Department Stores

Real-time Estimate Cboe BZX Other stock markets 16:42:41 14/07/2025 BST			5-day change	1st Jan Change
225.65 ^USD	+0.28%		+1.02%	+2.90%

03:46pm	CrowdStrike, Amazon's AWS and Resilience Collaborating in Cyber Risk Management	MT
03:20pm	Pegasystems Signs 5-Year Collaboration Deal With Amazon Web Services	MT

Projected Income Statement: Amazon.com, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	386,064	469,822	513,983	574,785	637,959	695,827	763,692	840,289
Change	-	21.7%	9.4%	11.83%	10.99%	9.07%	9.75%	10.03%
EBITDA ¹	57,283	71,994	75,053	110,305	144,162	162,346	192,194	228,518
Change	-	25.68%	4.25%	46.97%	30.69%	12.61%	18.39%	18.9%
EBIT ¹	22,899	24,879	12,248	36,852	68,593	77,957	94,968	116,551
Change	-	8.65%	-50.77%	200.88%	86.13%	13.65%	21.82%	22.73%
Interest Paid ¹	-1,647	-1,809	-2,367	-3,182	-2,406	-2,236	-2,224	-2,258
Earnings before Tax (EBT) ¹	24,178	38,151	-5,936	37,557	68,614	82,980	98,278	120,536
Change	-	57.79%	-115.56%	732.7%	82.69%	20.94%	18.44%	22.65%
Net income ¹	21,331	33,364	-2,722	30,425	59,248	67,295	79,911	100,051
Change	-	56.41%	-108.16%	1,217.74%	94.73%	13.58%	18.75%	25.2%
Announcement Date	02/02/21	03/02/22	02/02/23	01/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	88,912	96,145	125,555	108,518	113,080	110,812	137,412	116,444	121,234	127,101	149,204	127,358	134,383	143,083	169,961	143,313	147,977	158,877	187,792	155,667	161,904	172,903	204,346	170,485	176,503	188,833	222,684	190,019
Change	-	8.14%	30.59%	-13.57%	4.2%	-2.01%	24%	-15.26%	4.11%	4.84%	17.39%	-14.64%	5.52%	6.47%	18.78%	-15.68%	3.25%	7.37%	18.2%	-17.11%	4.01%	6.79%	18.19%	-16.57%	3.53%	6.99%	17.93%	-14.67%
EBITDA ¹	14,482	15,067	16,557	18,717	19,342	16,969	16,966	16,146	18,210	18,450	21,787	20,868	26,543	29,392	33,502	32,180	33,529	36,448	42,005	36,664	38,142	40,605	45,793	43,381	46,300	48,288	54,125	-
Change	-	4.04%	9.89%	13.05%	3.34%	-12.27%	-0.02%	-4.83%	12.78%	1.32%	18.09%	-4.22%	27.19%	10.73%	13.98%	-3.95%	4.19%	8.71%	15.25%	-12.72%	4.03%	6.46%	12.78%	-5.27%	6.73%	4.29%	12.09%	-
EBIT ¹	5,843	6,194	6,873	8,865	7,702	4,852	3,460	3,669	3,317	2,525	2,737	4,774	7,681	11,188	13,209	15,307	14,672	17,411	21,203	18,405	16,655	19,377	23,395	21,538	20,322	23,206	27,749	29,000
Change	-	6.01%	10.96%	28.98%	-13.12%	-37%	-28.69%	6.04%	-9.59%	-23.88%	8.4%	74.42%	60.89%	45.66%	18.06%	15.88%	-4.15%	18.67%	21.78%	-13.2%	-9.51%	16.34%	20.73%	-7.94%	-5.64%	14.19%	19.57%	4.51%
Charge d'intérêts ¹	-403	-428	-414	-399	-435	-493	-482	-472	-584	-617	-694	-823	-840	-806	-713	-644	-589	-603	-570	-541	-561	-560.9	-565.7	-574	-574.5	-574.8	-575.2	-
Earnings before Tax (EBT) ¹	6,221	6,809	7,765	10,268	8,634	4,315	14,934	-5,265	-2,653	2,944	-962	4,119	7,563	12,189	13,686	12,983	15,245	18,037	22,349	21,679	17,231	20,260	24,608	23,864	22,543	25,979	30,816	-
Change	-	9.45%	14.04%	32.23%	-15.91%	-50.02%	246.1%	-135.26%	49.61%	210.97%	-132.68%	528.17%	83.61%	61.17%	12.28%	-5.14%	17.42%	18.31%	23.91%	-3%	-20.52%	17.58%	21.46%	-3.02%	-5.54%	15.25%	18.62%	-
Net income ¹	5,243	6,331	7,222	8,107	7,778	3,156	14,323	-3,844	-2,028	2,872	278	3,172	6,750	9,879	10,624	10,431	13,485	15,328	20,004	17,127	14,076	16,355	19,673	18,312	17,781	20,459	23,895	24,525
Change	-	20.75%	14.07%	12.25%	-4.06%	-59.42%	353.83%	-126.84%	47.24%	241.62%	-90.32%	1,041.01%	112.8%	46.36%	7.54%	-1.82%	29.28%	13.67%	30.51%	-14.38%	-17.81%	16.19%	20.29%	-6.92%	-2.9%	15.06%	16.79%	2.64%
Announcement Date	30/07/20	29/10/20	02/02/21	29/04/21	29/07/21	28/10/21	03/02/22	28/04/22	28/07/22	27/10/22	02/02/23	27/04/23	03/08/23	26/10/23	01/02/24	30/04/24	01/08/24	31/10/24	06/02/25	01/05/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Amazon.com, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-52,580	-47,305	-2,876	-28,466	-48,579	-91,785	-149,060	-204,630
Change	-	10.03%	93.92%	-889.78%	-70.66%	-88.94%	-62.4%	-37.28%
Announcement Date	02/02/21	03/02/22	02/02/23	01/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Amazon.com, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	35,044	55,396	58,321	48,133	77,658	101,826	108,225	108,151
Change	-	58.08%	5.28%	-17.47%	61.34%	31.12%	6.28%	-0.07%
Free Cash Flow (FCF) ¹	31,020	-9,069	-11,569	36,813	38,219	36,606	66,351	95,882
Change	-	-129.24%	-27.57%	418.2%	3.82%	-4.22%	81.26%	44.51%
Announcement Date	02/02/21	03/02/22	02/02/23	01/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Amazon.com, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	14.84%	15.32%	14.6%	19.19%	22.6%	23.33%	25.17%	27.2%
EBIT Margin (%)	5.93%	5.3%	2.38%	6.41%	10.75%	11.2%	12.44%	13.87%
EBT Margin (%)	6.26%	8.12%	-1.15%	6.53%	10.76%	11.93%	12.87%	14.34%
Net margin (%)	5.53%	7.1%	-0.53%	5.29%	9.29%	9.67%	10.46%	11.91%
FCF margin (%)	8.03%	-1.93%	-2.25%	6.4%	5.99%	5.26%	8.69%	11.41%
FCF / Net Income (%)	145.42%	-27.18%	425.02%	121%	64.51%	54.4%	83.03%	95.83%
Profitability
ROA	7.81%	9%	-0.62%	6.14%	10.28%	10.41%	10.64%	10.82%
ROE	27.44%	28.81%	-1.92%	17.49%	24.29%	19.86%	18.73%	17.73%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	9.08%	11.79%	11.35%	8.37%	12.17%	14.63%	14.17%	12.87%
CAPEX / EBITDA (%)	61.18%	76.95%	77.71%	43.64%	53.87%	62.72%	56.31%	47.33%
CAPEX / FCF (%)	112.97%	-610.83%	-504.11%	130.75%	203.19%	278.17%	163.11%	112.8%
Items per share
Cash flow per share ¹	6.477	4.498	4.588	8.096	10.81	13.22	15.84	18.53
Change	-	-30.56%	2.02%	76.45%	33.5%	22.35%	19.8%	16.98%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	9.285	13.58	14.26	18.52	27.54	35.34	43.21	54.58
Change	-	46.26%	5%	29.91%	48.68%	28.3%	22.28%	26.3%
EPS ¹	2.092	3.24	-0.27	2.9	5.53	6.227	7.308	9.001
Change	-	54.94%	-108.33%	1,174.07%	90.69%	12.61%	17.36%	23.17%
Nbr of stocks (in thousands)	10,035,024	10,142,952	10,201,654	10,334,031	10,515,011	10,616,352	10,616,352	10,616,352
Announcement Date	02/02/21	03/02/22	02/02/23	01/02/24	06/02/25	-	-	-