Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

$24.99

Analysis of Inventory

Microsoft Excel

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Inventory Disclosure

Amazon.com Inc., balance sheet: inventory

US$ in millions

Microsoft Excel
Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Inventories

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).


The reported inventories exhibited a generally increasing trend over the five-year period. Initial values demonstrated growth, followed by a slight contraction, and then resumed an upward trajectory.

Overall Trend
From December 31, 2021, to December 31, 2022, inventories increased from US$32,640 million to US$34,405 million, representing a growth of approximately 5.4%. A modest decrease was then observed between December 31, 2022, and December 31, 2023, with inventories falling to US$33,318 million. This represents a decline of roughly 3.1%. The trend reversed again, with inventories increasing to US$34,214 million by December 31, 2024, and further increasing to US$38,325 million by December 31, 2025. The increase from 2024 to 2025 represents a growth of approximately 11.7%.
Growth Rates
The highest year-over-year growth occurred between 2021 and 2022 at 5.4%. The largest decline occurred between 2022 and 2023, at 3.1%. The most substantial increase occurred between 2024 and 2025, at 11.7%.

The inventory levels demonstrate volatility, with periods of growth interspersed with contraction. The most recent period shows a significant increase, potentially indicating increased sales expectations, strategic stockpiling, or supply chain adjustments. Further investigation into the underlying drivers of these fluctuations would be beneficial.