Amazon.com Inc (AMZN) — Cash Flow Reinvestment Rate

Latest as of June 2026: 1.19x

Amazon.com Inc (AMZN) has a Cash Flow Reinvestment Rate of 1.19x as of June 2026, reinvesting $54.21 Billion (capex $54.21 Billion ) from operating cash flow of $45.39 Billion. See how much free cash does Amazon.com Inc generate to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

1.19x
(Capex + Investments) / Operating CF

Total Reinvested

$54.21 Billion
Capex + Investments

Operating Cash Flow

$45.39 Billion
USD

Capital Expenditures

$54.21 Billion
USD

Amazon.com Inc Cash Flow Reinvestment Rate (1997–2025)

Historical reinvestment intensity for Amazon.com Inc across 26 annual periods. For the full cash flow conversion analysis, see AMZN cash generation efficiency.

Annual Cash Flow Reinvestment Rate for Amazon.com Inc (1997–2025)

Year-by-year capital reinvestment analysis for Amazon.com Inc. See Amazon.com Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 1.02x $142.20 Billion $139.51 Billion $131.82 Billion ▼ -33.4%
2024 1.53x $177.34 Billion $115.88 Billion $83.00 Billion ▲ +29.0%
2023 1.19x $100.78 Billion $84.95 Billion $52.73 Billion ▼ -40.2%
2022 1.98x $92.68 Billion $46.75 Billion $63.65 Billion ▲ +48.5%
2021 1.33x $61.83 Billion $46.33 Billion $61.05 Billion ▲ +41.3%
2020 0.94x $62.38 Billion $66.06 Billion $40.14 Billion ▲ +39.9%
2019 0.67x $25.99 Billion $38.51 Billion $16.86 Billion ▲ +42.3%
2018 0.47x $14.57 Billion $30.72 Billion $13.43 Billion ▼ -44.7%
2017 0.86x $15.74 Billion $18.36 Billion $11.96 Billion ▲ +36.2%
2016 0.63x $10.83 Billion $17.20 Billion $7.80 Billion ▲ +17.4%
2015 0.54x $6.45 Billion $12.04 Billion $5.39 Billion ▼ -35.7%
2014 0.83x $5.70 Billion $6.84 Billion $4.89 Billion ▲ +15.1%
2013 0.72x $3.96 Billion $5.47 Billion $3.44 Billion ▼ -35.9%
2012 1.13x $4.72 Billion $4.18 Billion $3.79 Billion ▲ +83.9%
2011 0.61x $2.40 Billion $3.90 Billion $1.81 Billion ▼ -28.6%
2010 0.86x $3.01 Billion $3.50 Billion $979.00 Million ▲ +23.4%
2009 0.70x $2.30 Billion $3.29 Billion $373.00 Million ▲ +255.5%
2008 0.20x $333.00 Million $1.70 Billion $333.00 Million ▲ +23.1%
2007 0.16x $224.00 Million $1.41 Billion $224.00 Million ▼ -48.2%
2006 0.31x $216.00 Million $702.00 Million $216.00 Million ▲ +10.6%
2005 0.28x $204.00 Million $733.00 Million $204.00 Million ▲ +77.0%
2004 0.16x $89.00 Million $566.00 Million $89.00 Million ▲ +34.3%
2003 0.12x $46.00 Million $393.00 Million $46.00 Million ▼ -47.9%
2002 0.22x $39.16 Million $174.29 Million $39.16 Million ▼ -75.4%
1998 0.91x $28.33 Million $31.04 Million $28.33 Million ▼ -91.8%
1997 11.07x $7.60 Million $687.00K $7.60 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow