Amazon Com (AMZN) Gross Margin (2009 - 2026)
Amazon Com's (AMZN) quarterly Gross Margin came in at 94.32% in Q1 2026, up 4377.0% year-on-year from 2.11% in Q1 2025, and up 0.86% quarter-over-quarter from 93.51% in Q3 2025.
Amazon Com (AMZN) Gross Margin (2009 - 2026) Analysis & Trends
Amazon Com has disclosed Gross Margin across 18 years of filings, most recently posting 94.32% for Q1 2026.
- Gross Margin for Q1 2026 came in at 94.32%, up 4377.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 73.76% (up 194.0% YoY), and the FY2025 annual result was 50.29%, down 4283.0% from the prior year.
- Gross Margin came in at 94.32% for Q1 2026 at Amazon Com, up from 93.51% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 94.32% in Q1 2026 to a low of 42.89% in Q1 2022.
- The 5-year median for Gross Margin is 91.68% (2022), against an average of 72.03%.
- Across the five-year window, Gross Margin plunged 5139 bps in 2022 and soared 4791 bps in 2023, its largest moves.
- Amazon Com's Gross Margin stood at 44.71% in 2022, then surged by 107 bps to 92.63% in 2023, then advanced by 1 bps to 93.32% in 2024, then rose by 0 bps to 93.51% in 2025, then increased by 1 bps to 94.32% in 2026.
- The last three Gross Margin figures came in at 94.32% (Q1 2026), 93.51% (Q3 2025), and 51.81% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 94.32% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 43.66% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 50.64% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 72.28% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 74.04% |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 27.01% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | 93.10% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | 30.02% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 72.42% |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 30.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 94.32% |
| Sep 30, 2025 | 93.51% |
| Jun 30, 2025 | 51.81% |
| Mar 31, 2025 | 50.55% |
| Sep 30, 2024 | 93.32% |
| Jun 30, 2024 | 92.90% |
| Mar 31, 2024 | 49.32% |
| Sep 30, 2023 | 92.63% |
| Jun 30, 2023 | 92.00% |
| Mar 31, 2023 | 46.77% |
| Sep 30, 2022 | 44.71% |
| Jun 30, 2022 | 91.68% |
| Mar 31, 2022 | 42.89% |
| Sep 30, 2021 | 43.21% |
| Jun 30, 2021 | 93.35% |
| Mar 31, 2021 | 94.28% |
| Sep 30, 2020 | 94.35% |
| Jun 30, 2020 | 95.11% |
| Mar 31, 2020 | 41.34% |
| Sep 30, 2019 | 40.98% |