In the most recent quarter, Q4'25, Amazon's operating ROA metrics show ROE at 5.16%, ROA at 2.59%, and ROIC at 3.88%, reflecting a slight moderation from the prior quarter's peaks but maintaining levels well above the three-year average. This indicates sustained operational efficiency despite potential seasonal or market pressures. Over the period from Q1'23 to Q4'25, all three metrics exhibit a clear upward trend, with ROE rising from 2.05% to a high of 6.99% in Q4'24 before stabilizing around 5%, ROA climbing from 0.68% to 3.20% in Q4'24 and holding near 2.6% in recent quarters, and ROIC advancing from 1.35% to 4.94% in Q4'24 with minor fluctuations thereafter. Notable inflection points include consistent growth through 2024 driven by improved asset utilization, followed by stabilization in 2025, underscoring Amazon's enhanced return generation amid expanding operations.