Amazon's non-GAAP free cash flow fell to $11.2 billion in the 12 months to year-end 2025, from $38.2 billion

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Amazon attached its letter to shareholders for the year ended Dec 31, 2025 to an 8-K (a US company's report of a material event) dated Apr 9, 2026. A reconciliation attached with it covers free cash flow, a non-GAAP measure (one not defined by US accounting standards) that Amazon defines as cash flow from operations less purchases of property and equipment, net of proceeds from sales and incentives. Free cash flow was $38.2 billion and $11.2 billion for the 12 months ended Dec 31, 2024 and 2025, respectively, the unaudited table shows. The 8-K, dated Apr 9, 2026, and its exhibits are on the SEC's EDGAR site.1^,2^,3^,4^,5^,6