Amazon Com (AMZN) Operating Margin (2009 - 2026)
Amazon Com (AMZN) posted quarterly Operating Margin of 13.43% for Q2 2026, up 181.0% year-over-year from 4.78% in Q2 2025, and up 2.19% on a QoQ basis from 13.14% in Q1 2026.
Amazon Com (AMZN) Operating Margin (2009 - 2026) Analysis & Trends
Amazon Com has reported Operating Margin for 18 years, with the latest figure at 13.43% in Q2 2026.
- Operating Margin for Q2 2026 came in at 13.43%, up 181.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 12.06% (up 114.0% YoY), and the FY2025 annual result was 11.16%, up 40.0% from the prior year.
- Operating Margin rose to 13.43% in Q2 2026, from 13.14% in the prior quarter.
- Over five years, Operating Margin peaked at 13.43% in Q2 2026 and troughed at 1.36% in Q1 2022.
- A 5-year average of 7.34% and a median of 10.41% in 2024 frame the typical range for Operating Margin.
- The widest annual swing landed in 2022, when Operating Margin plunged 384 bps; it then surged 1181 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 2.61% in 2022, then jumped by 124 bps to 5.84% in 2023, then jumped by 80 bps to 10.53% in 2024, then rose by 4 bps to 10.92% in 2025, then advanced by 23 bps to 13.43% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 13.43% in Q2 2026, 13.14% in Q1 2026, and 10.92% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,965.03 Bn | 2,842.04 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 507.22 Bn | 447.68 Bn | 9.83 Bn | 22.37% |
| 3 | Mercadolibre | 96.32 Bn | 81.13 Bn | 4.16 Bn | 6.72% |
| 4 | DoorDash | 91.60 Bn | 86.26 Bn | 2.35 Bn | 3.50% |
| 5 | JD.com | 87.39 Bn | 58.21 Bn | 7.66 Bn | 1.21% |
| 6 | Sea | 76.05 Bn | 67.53 Bn | 3.15 Bn | 80.28% |
| 7 | Ebay | 47.42 Bn | 44.12 Bn | 2.30 Bn | 21.57% |
| 8 | Coupang | 29.48 Bn | 23.37 Bn | 2.49 Bn | -6.28% |
| 9 | Zkh | 15.80 Bn | 15.80 Bn | 51.11 Mn | -1.06% |
| 10 | Wayfair | 13.89 Bn | 12.75 Bn | 1.05 Bn | 2.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.43% |
| Mar 31, 2026 | 13.14% |
| Sep 30, 2025 | 10.92% |
| Jun 30, 2025 | 11.62% |
| Mar 31, 2025 | 11.82% |
| Sep 30, 2024 | 10.53% |
| Jun 30, 2024 | 10.29% |
| Mar 31, 2024 | 10.68% |
| Sep 30, 2023 | 5.84% |
| Jun 30, 2023 | 2.93% |
| Mar 31, 2023 | -1.13% |
| Sep 30, 2022 | 2.61% |
| Jun 30, 2022 | 1.40% |
| Mar 31, 2022 | -1.36% |
| Sep 30, 2021 | 6.44% |
| Jun 30, 2021 | 3.48% |
| Mar 31, 2021 | -0.38% |
| Dec 31, 2020 | 5.47% |
| Sep 30, 2020 | 6.15% |
| Jun 30, 2020 | 5.98% |