Amazon.com, Inc. (AMZN): ev to ebit, 10 filed years

EV/EBIT at Amazon.com, Inc. was 32.29x in FY2025, the newest filed year. Across the 7 computed years from FY2019 it ranged from 32.29x (FY2025) to 78.23x (FY2022), with a median of 66.90x.

Tonight's figure on the company page: 35.53x, at the close of 2026-10-15, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.

Year by year

Amazon.com, Inc.: EV/EBIT for each filed fiscal year, with the filing behind each.
Fiscal year	EV/EBIT	Close used	Read from
FY2016 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	37.49 on 2016-12-30	10-K, filed 2017-02-10
FY2017 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	58.47 on 2017-12-29	10-K, filed 2018-02-02
FY2018 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	75.10 on 2018-12-31	10-K, filed 2019-02-01
FY2019	66.90x	92.39 on 2019-12-31	10-K, filed 2020-01-31
FY2020	75.07x	162.85 on 2020-12-31	10-K, filed 2021-02-03
FY2021	72.87x	166.72 on 2021-12-31	10-K, filed 2022-02-04
FY2022	78.23x	84.00 on 2022-12-30	10-K, filed 2023-02-03
FY2023	45.46x	151.94 on 2023-12-29	10-K, filed 2024-02-02
FY2024	35.30x	219.39 on 2024-12-31	10-K, filed 2025-02-07
FY2025	32.29x	230.82 on 2025-12-31	10-K, filed 2026-02-06

How each year is computed

(Close at fiscal year end x diluted shares + total debt - cash) / operating income

P/E, free cash flow yield and EV to EBIT set each filed year against the close on or within a week before that fiscal year's end. The price archive here is about five years deep, so older years of those three read n/a. Per-share figures and share counts are put on today's share count after a confirmed split, the basis the price archive is kept on.

Read further

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

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