Company: Amazon.com, Inc.
Ticker: AMZN
Form: 10-K
Filed: 2026-02-06
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was Amazon.com, Inc.'s operating cash flow margin in fiscal year 2025?
Question Type: derived_ratio

Concept: NetCashProvidedByUsedInOperatingActivities
RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 19.46
Answer (Display): 19.46%
Unit: percent

Evidence:
[{"chunk_id": "110", "equivalent_chunk_ids": ["110"], "section": "CONSOLIDATED STATEMENTS OF CASH FLOWS", "supports": ["numerator", "denominator"], "text": "(in millions)\nYear Ended December 31,\nCASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD\n54,253\n73,890\n82,312\nOPERATING ACTIVITIES:\nNet income\n30,425\n59,248\n77,670\nAdjustments to reconcile net income to net cash from operating activities:\nDepreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other\n48,663\n52,795\n65,756\nStock-based compensation\n24,023\n22,011\n19,467\nNon-operating expense (income), net\n2,012\n14,880\nDeferred income taxes\n5,876\n4,648\n11,470\nChanges in operating assets and liabilities:\nInventories\n1,449\n1,884\n3,002\nAccounts receivable, net and other\n8,348\n3,249\n7,333\nOther assets\n12,265\n14,483\n15,632\nAccounts payable\n5,473\n2,972\n11,231\nAccrued expenses and other\n2,428\n2,904\n5,019\nUnearned revenue\n4,578\n4,007\nNet cash provided by (used in) operating activities\n84,946\n115,877\n139,514\nINVESTING ACTIVITIES:\nPurchases of property and equipment\n52,729\n82,999\n131,819\nProceeds from property and equipment sales and incentives\n4,596\n5,341\n3,499\nAcquisitions, net of cash acquired, non-marketable investments, and other, net\n5,839\n7,082\n3,841\nSales and maturities of marketable securities\n5,627\n16,403\n44,386\nPurchases of marketable securities\n1,488\n26,005\n54,770\nNet cash provided by (used in) investing activities\n49,833\n94,342\n142,545\nFINANCING ACTIVITIES:\nProceeds from short-term debt, and other\n18,129\n5,142\n9,320\nRepayments of short-term debt, and other\n25,677\n5,060\n8,426\nProceeds from long-term debt\n15,673\nRepayments of long-term debt\n3,676\n9,182\n5,021\nPrincipal repayments of finance leases\n4,384\n2,043\n1,557\nPrincipal repayments of financing obligations\nNet cash provided by (used in) financing activities\n15,879\n11,812\n9,661\nForeign currency effect on cash, cash equivalents, and restricted cash\n1,301\n1,164\nNet increase (decrease) in cash, cash equivalents, and restricted cash\n19,637\n8,422\n7,794\nCASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD\n73,890\n82,312\n90,106\nSee accompanying notes to consolidated financial statements.\nAMAZON.COM, INC."}]

Derivation: {"denominator": "revenue", "denominator_value": 716924.0, "format": "percentage", "numerator": "operating_cash_flow", "numerator_value": 139514.0, "op": "divide"}