Amazon Com (AMZN) Gross Margin (2009 - 2026)
Amazon Com (AMZN) posted quarterly Gross Margin of 52.05% for Q2 2026, up 84.0% year-over-year from 28.29% in Q2 2025, and little changed on a QoQ basis from 51.82% in Q1 2026.
Amazon Com (AMZN) Gross Margin (2009 - 2026) Analysis & Trends
Amazon Com has reported Gross Margin for 18 years, with the latest figure at 52.05% in Q2 2026.
- Gross Margin for Q2 2026 came in at 52.05%, up 84.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 51.46% (up 133.0% YoY), and the FY2025 annual result was 50.29%, up 143.0% from the prior year.
- Gross Margin steadied at 52.05% in Q2 2026, from 51.82% in the prior quarter.
- Over five years, Gross Margin peaked at 52.05% in Q2 2026 and troughed at 42.89% in Q1 2022.
- A 5-year average of 48.46% and a median of 49.4% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin jumped 40 bps; it then jumped 388 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 44.3% in 2022, then grew by 7 bps to 47.59% in 2023, then grew by 4 bps to 49.49% in 2024, then rose by 3 bps to 51.06% in 2025, then advanced by 2 bps to 52.05% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 52.05% in Q2 2026, 51.82% in Q1 2026, and 51.06% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,925.72 Bn | 2,802.73 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 505.98 Bn | 446.44 Bn | 9.83 Bn | 55.49% |
| 3 | Mercadolibre | 97.47 Bn | 82.28 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 92.92 Bn | 87.57 Bn | 2.35 Bn | 52.69% |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 16.73% |
| 6 | Sea | 77.42 Bn | 68.91 Bn | 3.15 Bn | 44.32% |
| 7 | Ebay | 47.53 Bn | 44.22 Bn | 2.30 Bn | 73.45% |
| 8 | Coupang | 29.76 Bn | 23.65 Bn | 2.49 Bn | 28.16% |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | 16.68% |
| 10 | Wayfair | 13.70 Bn | 12.55 Bn | 1.05 Bn | 29.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 52.05% |
| Mar 31, 2026 | 51.82% |
| Sep 30, 2025 | 51.06% |
| Jun 30, 2025 | 51.21% |
| Mar 31, 2025 | 93.73% |
| Sep 30, 2024 | 82.01% |
| Jun 30, 2024 | 49.73% |
| Mar 31, 2024 | 49.32% |
| Sep 30, 2023 | 92.23% |
| Jun 30, 2023 | 47.60% |
| Mar 31, 2023 | 46.77% |
| Sep 30, 2022 | 44.30% |
| Jun 30, 2022 | 44.07% |
| Mar 31, 2022 | 92.85% |
| Sep 30, 2021 | 81.07% |
| Jun 30, 2021 | 42.88% |
| Mar 31, 2021 | 94.28% |
| Sep 30, 2020 | 40.88% |
| Jun 30, 2020 | 67.96% |
| Mar 31, 2020 | 41.34% |