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Amazon · 2025 report · 12 min

The last mile

A box leaves an Amazon warehouse. The last few miles to your door are the hardest part to pay for. So why did Amazon decide to drive them itself?

Ticket 01 · The guess

How much of each store dollar goes to shipping?

Amazon's stores in North America and around the world sold $588.2Bsec.gov ·2025 in 2025. Out of every dollar they sold, how many cents went to shipping? Give it as a percent.

30%
0%50%
Words to know

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Sources and every number (2)

Sources

  • Amazon.com, Inc. Form 10-K for the fiscal year ended December 31, 2025 · Amazon.com, Inc. (filed with the U.S. SEC), 2025
  • United Parcel Service, Inc. Form 10-K for the fiscal year ended December 31, 2024 · United Parcel Service, Inc. (filed with the U.S. SEC), 2024

Every number

  • $588.2Bsec.gov ·2025 · Worked out: North America plus International segment net sales, 2025 (segment information).
  • $102.7Bsec.gov ·2025 · Shipping costs, 2025 (MD&A, cost of sales).
  • 17.5%sec.gov ·2025 · Worked out: shipping costs ÷ North America plus International segment net sales, 2025. Rough: those sales also include ads and subscriptions, which ship nothing.
  • $109.1Bsec.gov ·2025 · Fulfillment costs, 2025: running and staffing fulfillment centers, physical stores and customer service, plus payment processing (income statement).
  • 11.8%sec.gov ·2024 · Amazon's share of UPS's consolidated revenue in 2024, as UPS reported it (approximately).
  • 50%sec.gov ·2024 · UPS's agreement in principle with Amazon, early 2025: a reduction in Amazon's volume by more than this by June 2026.
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  • ·Before this: What Prime is worth
  • ·Free guide: How Amazon makes money
Skip to the lesson
Back to the home page and map, from TryOwning · Amazon · Lesson 4
Part 1 of 3Part 1 of 3, 0 done

Amazon · 2025 report · 12 min

The last mile

A box leaves an Amazon warehouse. The last few miles to your door are the hardest part to pay for. So why did Amazon decide to drive them itself?

Ticket 01 · The guess

How much of each store dollar goes to shipping?

Amazon's stores in North America and around the world sold $588.2Bsec.gov ·2025 in 2025. Out of every dollar they sold, how many cents went to shipping? Give it as a percent.

30%
0%50%
Words to know

Spot something wrong?

Tell us what looks off. No name or email needed.

What kind of problem?

0 / 1000

We'll also send this page, the lesson, ticket 1, so we can find it. Nothing else. Privacy

·
Sources and every number (2)

Sources

  • Amazon.com, Inc. Form 10-K for the fiscal year ended December 31, 2025 · Amazon.com, Inc. (filed with the U.S. SEC), 2025
  • United Parcel Service, Inc. Form 10-K for the fiscal year ended December 31, 2024 · United Parcel Service, Inc. (filed with the U.S. SEC), 2024

Every number

  • $588.2Bsec.gov ·2025 · Worked out: North America plus International segment net sales, 2025 (segment information).
  • $102.7Bsec.gov ·2025 · Shipping costs, 2025 (MD&A, cost of sales).
  • 17.5%sec.gov ·2025 · Worked out: shipping costs ÷ North America plus International segment net sales, 2025. Rough: those sales also include ads and subscriptions, which ship nothing.
  • $109.1Bsec.gov ·2025 · Fulfillment costs, 2025: running and staffing fulfillment centers, physical stores and customer service, plus payment processing (income statement).
  • 11.8%sec.gov ·2024 · Amazon's share of UPS's consolidated revenue in 2024, as UPS reported it (approximately).
  • 50%sec.gov ·2024 · UPS's agreement in principle with Amazon, early 2025: a reduction in Amazon's volume by more than this by June 2026.
  1. Lessons›
  2. Big companies›
  3. Amazon
  • ·Before this: What Prime is worth
  • ·Free guide: How Amazon makes money