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Amazon free cash flow, 2008–2025
Amazon's free cash flow was $7.70 billion in the fiscal year ended Dec. 31, 2025, down 76.6% from $32.9 billion the year before: operating cash flow minus capital expenditures as reported in its Form 10-K (our arithmetic).
Fiscal years labeled by the year in which they ended. Bars drawn from the table below.
Amazon free cash flow by fiscal year
| Fiscal year ended | Free cash flow | Change | Filing |
|---|---|---|---|
| Dec. 31, 2025 | $7.70B | −76.6% | 10-K (2026) ↗ |
| Dec. 31, 2024 | $32.9B | +2.1% | 10-K (2026) ↗ |
| Dec. 31, 2023 | $32.2B | — | 10-K (2026) ↗ |
| Dec. 31, 2022 | −$16.9B | — | 10-K (2025) ↗ |
| Dec. 31, 2021 | −$14.7B | −156.8% | 10-K (2024) ↗ |
| Dec. 31, 2020 | $25.9B | +19.7% | 10-K (2023) ↗ |
| Dec. 31, 2019 | $21.7B | +25.2% | 10-K (2022) ↗ |
| Dec. 31, 2018 | $17.3B | +169.8% | 10-K (2021) ↗ |
| Dec. 31, 2017 | $6.41B | −38.8% | 10-K (2020) ↗ |
| Dec. 31, 2016 | $10.5B | +40.5% | 10-K (2019) ↗ |
| Dec. 31, 2015 | $7.45B | +282.2% | 10-K (2018) ↗ |
| Dec. 31, 2014 | $1.95B | −4.0% | 10-K (2017) ↗ |
| Dec. 31, 2013 | $2.03B | +414.2% | 10-K (2016) ↗ |
| Dec. 31, 2012 | $395.0M | −81.1% | 10-K (2015) ↗ |
| Dec. 31, 2011 | $2.09B | −16.9% | 10-K (2014) ↗ |
| Dec. 31, 2010 | $2.52B | −13.8% | 10-K (2013) ↗ |
| Dec. 31, 2009 | $2.92B | +114.1% | 10-K (2012) ↗ |
| Dec. 31, 2008 | $1.36B | — | 10-K (2011) ↗ |
Other Amazon financials
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FAQ
Q What was Amazon's free cash flow in its latest fiscal year?
A Amazon's free cash flow was $7.70 billion in the fiscal year ended Dec. 31, 2025, down 76.6% from $32.9 billion the year before: operating cash flow minus capital expenditures as reported in its Form 10-K (our arithmetic).
Q What is Amazon's highest annual free cash flow on record here?
A $32.9 billion, in the fiscal year ended Dec. 31, 2024, among the fiscal years 2008–2025 reported in its 10-K XBRL data.
Q Where does this free cash flow data come from?
A From Amazon's annual reports on Form 10-K, as tagged in XBRL and published by the SEC (company facts). Our arithmetic: operating cash flow minus capital expenditures, both as reported. Companies that publish their own free cash flow figure may define it differently.
Source: Amazon's annual reports on Form 10-K via SEC XBRL company facts, updated Oct. 15, 2026. Our arithmetic: operating cash flow minus capital expenditures, both as reported. Companies that publish their own free cash flow figure may define it differently. For each year the most recent 10-K that reports it is used, so a figure a company later restated shows the restated value; the filing link shows which report it came from. Change is our arithmetic. Financial data, not investment advice.