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
DateValue
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%