Amazon Com (AMZN) Operating Margin (2009 - 2026)

Amazon Com has disclosed Operating Margin across 18 years of filings, most recently posting 13.14% for Q1 2026.

• Operating Margin for Q1 2026 came in at 13.14%, up 132.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.51% (up 65.0% YoY), and the FY2025 annual result was 11.16%, up 40.0% from the prior year.
• Operating Margin came in at 13.14% for Q1 2026 at Amazon Com, up from 9.67% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 13.14% in Q1 2026 to a low of 1.36% in Q1 2022.
• The 5-year median for Operating Margin is 9.67% (2025), against an average of 7.18%.
• Across the five-year window, Operating Margin sank 408 bps in 2022 and surged 1181 bps in 2024, its largest moves.
• Amazon Com's Operating Margin stood at 1.99% in 2022, then jumped by 294 bps to 7.82% in 2023, then soared by 40 bps to 10.96% in 2024, then declined by 12 bps to 9.67% in 2025, then surged by 36 bps to 13.14% in 2026.
• The last three Operating Margin figures came in at 13.14% (Q1 2026), 9.67% (Q3 2025), and 11.43% (Q2 2025), per Business Quant data.