Alphabet vs Amazon — Free Cash Flow Comparison

Alphabet (GOOGL) free cash flow was $73.3B in FY2025 (+1% YoY); Amazon (AMZN) free cash flow was $7.7B in FY2025 (-77% YoY). The tables below show the complete quarterly and annual free cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Alphabet	Amazon
2025	$73.3B	$7.7B
2024	$72.8B	$32.9B
2023	$69.5B	$32.2B
2022	$60.0B	-$16.9B
2021	$67.0B	-$14.7B
2020	$42.8B	$25.9B
2019	$31.0B	$21.7B
2018	$22.8B	$17.3B
2017	$23.9B	$6.4B
2016	$25.8B	$9.4B
2015	$16.6B	$6.7B
2014	$12.0B	$1.9B
2013	$11.3B	$2.0B
2012	$13.3B	$395M
2011	$11.1B	$2.1B
2010	$7.1B	$2.5B
2009	$8.5B	$2.9B
2008	$5.5B	$1.4B
2007	$3.4B	$1.2B

Alphabet — Annual Free Cash Flow

Fiscal Year	Free Cash Flow	YoY
2025	$73.3B	+1%
2024	$72.8B	+5%
2023	$69.5B	+16%
2022	$60.0B	-10%
2021	$67.0B	+56%
2020	$42.8B	+38%
2019	$31.0B	+36%
2018	$22.8B	-4%
2017	$23.9B	-7%
2016	$25.8B	+55%
2015	$16.6B	+38%
2014	$12.0B	+6%
2013	$11.3B	-15%
2012	$13.3B	+20%
2011	$11.1B	+58%
2010	$7.1B	-17%
2009	$8.5B	+55%
2008	$5.5B	+63%
2007	$3.4B

Amazon — Annual Free Cash Flow

Fiscal Year	Free Cash Flow	YoY
2025	$7.7B	-77%
2024	$32.9B	+2%
2023	$32.2B	+291%
2022	-$16.9B	-15%
2021	-$14.7B	-157%
2020	$25.9B	+20%
2019	$21.7B	+25%
2018	$17.3B	+170%
2017	$6.4B	-32%
2016	$9.4B	+41%
2015	$6.7B	+241%
2014	$1.9B	-4%
2013	$2.0B	+414%
2012	$395M	-81%
2011	$2.1B	-17%
2010	$2.5B	-14%
2009	$2.9B	+114%
2008	$1.4B	+15%
2007	$1.2B

Source: GOOGL on EDGAR · AMZN on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.