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Amazon.com (AMZN) free cash flow by quarter

Amazon.com's free cash flow was $14.9B in Q4 2025 (fourth quarter 2025), up 35-fold from Q3 2025. Over the last 3 quarters it ranged from $332M (Q2 2025) to $14.9B (Q4 2025).

Amazon.com free cash flow by quarterAmazon.com free cash flow by quarter$332MQ2 2025$430MQ3 2025$14.9BQ4 2025
QuarterFree cash flowQ/QY/Y
Q4 2025$14.9B35×—
Q3 2025$430M+30%—
Q2 2025$332M——

Q4 2025 at a glance

Amazon.com, Q4 2025: revenue $213.4B (+14% year over year), operating margin 11.7%, net earnings $21.2B, operating cash flow $54.5B. The chart follows the revenue to costs, profit and cash.

Questions

What is Amazon.com's free cash flow?

Amazon.com's free cash flow was $14.9B in Q4 2025 (fourth quarter 2025), up 35-fold from Q3 2025.

How has Amazon.com's free cash flow changed?

Over the last 3 quarters it ranged from $332M (Q2 2025) to $14.9B (Q4 2025).

Q4 2025 results → · How Amazon.com makes money →