Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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Amazon.com Inc., consolidated statement of comprehensive income
US$ in millions
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 statement of comprehensive income exhibits significant fluctuations over the five-year period. Net income demonstrates considerable volatility, initially strong in 2021, experiencing a substantial loss in 2022, and then recovering with increasing gains through 2025. Other comprehensive income also displays marked changes, moving from a loss to substantial gains over the observed timeframe.
- Net Income Trend
- Net income began at US$33,364 million in 2021, decreased dramatically to a loss of US$2,722 million in 2022, and then rebounded to US$30,425 million in 2023. This positive trend continued, with net income reaching US$59,248 million in 2024 and further increasing to US$77,670 million in 2025. The 2022 loss represents a significant deviation from the preceding and subsequent years.
- Foreign Currency Translation Adjustments
- Foreign currency translation adjustments were negative for the first three years, with losses of US$819 million, US$2,586 million, and US$1,027 million in 2021, 2022, and 2023 respectively. These adjustments became negative again in 2024 (US$3,333 million loss) before turning positive in 2025 with a gain of US$4,226 million. The volatility suggests exposure to significant currency fluctuations.
- Unrealized Gains (Losses)
- The change in net unrealized gains (losses) began as a loss of US$343 million in 2021 and US$823 million in 2022. It then shifted to a gain of US$366 million in 2023, escalating substantially to US$6,339 million in 2024 and reaching US$28,304 million in 2025. This indicates increasing value in certain investments or assets.
- Reclassification Adjustments
- Reclassification adjustments were relatively small in magnitude until 2025. They were negative US$34 million in 2021, positive US$298 million in 2022, positive US$50 million in 2023, and slightly positive US$5 million in 2024. However, a significant negative adjustment of US$4,273 million occurred in 2025, potentially offsetting some of the gains from other comprehensive income components.
- Available-for-Sale Debt Securities
- Net changes in available-for-sale debt securities were negative in 2021 and 2022 (US$377 million and US$525 million losses, respectively), then became positive in 2023 (US$416 million gain). Gains increased significantly in 2024 and 2025, reaching US$6,344 million and US$24,031 million, respectively. This suggests a positive performance of the debt securities portfolio.
- Comprehensive Income
- Comprehensive income mirrors the trend of net income, with a value of US$32,168 million in 2021, a loss of US$5,833 million in 2022, and a recovery to US$31,872 million in 2023. It then increased to US$62,254 million in 2024 and reached US$105,934 million in 2025. The substantial increase in 2025 is driven by both net income and other comprehensive income components.
Overall, the period demonstrates a recovery from a significant downturn in 2022, with substantial growth in both net income and comprehensive income by 2025. The fluctuations in other comprehensive income components, particularly foreign currency translation adjustments and changes in unrealized gains/losses, contribute significantly to the overall comprehensive income result.