Amazon.com Inc., current enterprise value calculation

Current share price (P)	$222.88
No. shares of common stock outstanding	10,597,729,352
US$ in millions
Common equity (market value)¹	2,362,022)
Add: Preferred stock, $0.01 par value; no shares issued or outstanding (per books)	—)
Total equity	2,362,022)
Add: Current portion of lease liabilities, finance leases (per books)	1,375)
Add: Current portion of long-term debt (per books)	5,017)
Add: Long-term lease liabilities, finance leases, excluding current portion (per books)	9,227)
Add: Long-term debt, excluding current portion (per books)	52,623)
Total equity and debt	2,430,264)
Less: Cash and cash equivalents	78,779)
Less: Marketable securities	22,423)
Enterprise value (EV)	2,329,062)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 222.88 × 10,597,729,352

Amazon.com Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$229.15	$171.81	$103.39	$157.64	$165.63
No. shares of common stock outstanding¹	10,597,729,352	10,387,381,291	10,247,259,757	10,176,888,200	10,071,294,860
US$ in millions
Common equity (market value)³	2,428,470)	1,784,656)	1,059,464)	1,604,285)	1,668,109)
Add: Preferred stock, $0.01 par value; no shares issued or outstanding (book value)	—)	—)	—)	—)	—)
Total equity	2,428,470)	1,784,656)	1,059,464)	1,604,285)	1,668,109)
Add: Current portion of lease liabilities, finance leases (book value)	1,375)	2,032)	4,397)	8,083)	10,374)
Add: Current portion of long-term debt (book value)	5,017)	8,494)	2,999)	1,491)	1,155)
Add: Long-term lease liabilities, finance leases, excluding current portion (book value)	9,227)	10,077)	11,386)	15,670)	18,060)
Add: Long-term debt, excluding current portion (book value)	52,623)	58,314)	67,150)	48,744)	31,816)
Total equity and debt	2,496,712)	1,863,573)	1,145,396)	1,678,273)	1,729,514)
Less: Cash and cash equivalents	78,779)	73,387)	53,888)	36,220)	42,122)
Less: Marketable securities	22,423)	13,393)	16,138)	59,829)	42,274)
Enterprise value (EV)	2,395,510)	1,776,793)	1,075,370)	1,582,224)	1,645,118)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Amazon.com Inc. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 229.15 × 10,597,729,352

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Amazon.com Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

Amazon.com Inc. (NASDAQ:AMZN)

Enterprise Value (EV)