{ "ticker": "AMZN", "cik": "0001018724", "company": "Amazon.com, Inc.", "business_type": "industrial", "schema_template": "Standard operating-company template (revenue / cost of sales / operating income / net income / diluted EPS+shares; cash & marketable securities, debt stack, total assets & equity; operating cash flow, capex, free cash flow) EXTENDED with (a) reportable-segment net sales and operating income (North America, International, AWS) and (b) net sales disaggregated by group of similar products and services (Online stores, Physical stores, Third-party seller services, Advertising, Subscription, AWS, Other). Chosen because Amazon does not present gross profit and manages the business by segment; segment operating income and the AWS/advertising mix are what make the earnings picture legible. Gross profit is therefore shown only as an explicitly derived figure.", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual dollars (not millions)", "units_notes_seen": { "FY2025 10-K consolidated statements of operations": "(in millions, except per share data)", "FY2025 10-K consolidated statements of cash flows": "(in millions)", "FY2025 10-K consolidated balance sheets": "(in millions, except per share data)", "FY2025 10-K consolidated statements of stockholders' equity": "(in millions)", "FY2025 10-K Note 1 supplemental cash flow information": "(in millions)", "FY2025 10-K Note 1 diluted share calculation": "the following table shows the calculation of diluted shares (in millions)", "FY2025 10-K Note 3 property and equipment": "(in millions)", "FY2025 10-K Note 4 leases (lease cost and lease liabilities)": "(in millions)", "FY2025 10-K Note 6 debt (total long-term debt obligations)": "(in millions)", "FY2025 10-K Note 7 commitments": "(in millions)", "FY2025 10-K Note 10 segment information": "(in millions)", "FY2025 10-K Note 10 net sales by groups of similar products and services": "(in millions)", "FY2025 10-K MD&A free cash flow reconciliation": "(in millions)", "FY2025 10-K cover page share count": "Number of shares of common stock outstanding as of January 28, 2026 | 10,734,920,870 (stated in whole shares, NOT millions)", "Q1 FY2026 10-Q consolidated statements of operations": "(in millions, except per share data) (unaudited)", "Q1 FY2026 10-Q consolidated statements of cash flows": "(in millions) (unaudited)", "Q1 FY2026 10-Q consolidated balance sheets": "(in millions, except per share data)", "Q1 FY2026 10-Q Note 1 supplemental cash flow information / diluted shares": "(in millions)", "Q1 FY2026 10-Q Note 3 leases / Note 4 commitments / Note 5 debt": "(in millions)", "Q1 FY2026 10-Q Note 8 segment information and net sales by group": "(in millions)", "Q1 FY2026 10-Q MD&A free cash flow reconciliation": "(in millions)", "Q1 FY2026 10-Q cover page share count": "10,757,109,436 shares of common stock, par value $0.01 per share, outstanding as of April 22, 2026 (whole shares)" }, "adjustments": { "splits_applied": [], "splits_in_reference": [ { "date": "2022-06-06", "ratio": "20:1", "type": "Forward" } ], "splits_note": "The only split on record (20-for-1, 2022-06-06) predates every period presented in the latest 10-K (FY2023-FY2025) and the latest 10-Q. All EPS and share counts in both filings are already post-split, so NO split adjustment was applied and none is needed for comparability.", "adr_ratio": null, "fx": "None. Amazon reports in USD; no conversion applied. (Euro-denominated notes issued in March 2026 are already translated to USD by the filer: EUR 14.5bn shown as $16,782 million.)" }, "annual": [ { "fiscal_year": 2023, "period_start": "2023-01-01", "period_end": "2023-12-31", "source_accession": "0001018724-26-000004", "source_form": "10-K (FY2025), comparative column", "income_statement": { "net_product_sales": 255887000000, "net_service_sales": 318898000000, "total_net_sales": 574785000000, "cost_of_sales": 304739000000, "gross_profit_derived": 270046000000, "fulfillment": 90619000000, "technology_and_infrastructure": 85622000000, "sales_and_marketing": 44370000000, "general_and_administrative": 11816000000, "other_operating_expense_income_net": 767000000, "total_operating_expenses": 537933000000, "operating_income": 36852000000, "interest_income": 2949000000, "interest_expense": -3182000000, "other_income_expense_net": 938000000, "total_non_operating_income": 705000000, "income_before_income_taxes": 37557000000, "provision_for_income_taxes": -7120000000, "equity_method_investment_activity_net_of_tax": -12000000, "net_income": 30425000000, "eps_basic": 2.95, "eps_diluted": 2.9, "weighted_average_shares_basic": 10304000000, "weighted_average_shares_diluted": 10492000000 }, "balance_sheet": { "total_stockholders_equity": 201875000000, "cash_cash_equivalents_and_restricted_cash": 73890000000, "balance_sheet_note": "The FY2025 10-K balance sheet presents only December 31, 2024 and 2025. The two FY2023 items above are taken from the face of other FY2025 10-K statements: total stockholders' equity from the consolidated statements of stockholders' equity (balance as of December 31, 2023) and cash/cash equivalents/restricted cash from the consolidated statements of cash flows (end of period, 2023). No other FY2023 balance sheet line is available in the downloaded filings." }, "cash_flow": { "net_cash_provided_by_operating_activities": 84946000000, "depreciation_and_amortization_incl_operating_lease_assets_and_content": 48663000000, "depreciation_and_amortization_property_and_equipment_only": 30200000000, "stock_based_compensation": 24023000000, "purchases_of_property_and_equipment_capex": -52729000000, "proceeds_from_property_and_equipment_sales_and_incentives": 4596000000, "capex_net_of_proceeds": -48133000000, "free_cash_flow_company_definition_derived": 36813000000, "net_cash_used_in_investing_activities": -49833000000, "net_cash_used_in_financing_activities": -15879000000, "proceeds_from_long_term_debt": 0, "repayments_of_long_term_debt": -3676000000, "principal_repayments_of_finance_leases": -4384000000, "principal_repayments_of_financing_obligations": -271000000, "dividends_paid": 0, "share_repurchases": 0, "cash_paid_for_income_taxes_net_of_refunds": 11179000000, 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"2025-01-01", "period_end": "2025-03-31", "duration_days_approx": 90, "source_accession": "0001018724-26-000014", "source_form": "10-Q (Q1 FY2026), prior-year comparative column", "income_statement": { "net_product_sales": 63970000000, "net_service_sales": 91697000000, "total_net_sales": 155667000000, "cost_of_sales": 76976000000, "gross_profit_derived": 78691000000, "fulfillment": 24593000000, "technology_and_infrastructure": 22994000000, "sales_and_marketing": 9763000000, "general_and_administrative": 2628000000, "other_operating_expense_income_net": 308000000, "total_operating_expenses": 137262000000, "operating_income": 18405000000, "interest_income": 1066000000, "interest_expense": -541000000, "other_income_expense_net": 2749000000, "total_non_operating_income": 3274000000, "income_before_income_taxes": 21679000000, "provision_for_income_taxes": -4553000000, "equity_method_investment_activity_net_of_tax": 1000000, "net_income": 17127000000, "eps_basic": 1.62, "eps_diluted": 1.59, "weighted_average_shares_basic": 10603000000, "weighted_average_shares_diluted": 10793000000 }, "balance_sheet": { "note": "The Q1 FY2026 10-Q balance sheet presents December 31, 2025 and March 31, 2026 only; no March 31, 2025 balance sheet is shown in the downloaded filings." }, "cash_flow": { "net_cash_provided_by_operating_activities": 17015000000, "depreciation_and_amortization_incl_operating_lease_assets_and_content": 14262000000, "stock_based_compensation": 3689000000, "purchases_of_property_and_equipment_capex": -25019000000, "proceeds_from_property_and_equipment_sales_and_incentives": 764000000, "capex_net_of_proceeds": -24255000000, "free_cash_flow_company_definition_derived": -7240000000, "net_cash_used_in_investing_activities": -29803000000, "net_cash_used_in_financing_activities": -47000000, "dividends_paid": 0, "share_repurchases": 0, "cash_cash_equivalents_and_restricted_cash_end_of_period": 69893000000 }, "segments": { "north_america": { "net_sales": 92887000000, "operating_expenses": 87046000000, "operating_income": 5841000000 }, "international": { "net_sales": 33513000000, "operating_expenses": 32496000000, "operating_income": 1017000000 }, "aws": { "net_sales": 29267000000, "operating_expenses": 17720000000, "operating_income": 11547000000 } }, "net_sales_by_group": { "online_stores": 57407000000, "physical_stores": 5533000000, "third_party_seller_services": 36512000000, "advertising_services": 13921000000, "subscription_services": 11715000000, "aws": 29267000000, "other": 1312000000, "consolidated": 155667000000 } } ], "trailing_twelve_months": [ { "label": "TTM ended 2026-03-31", "period_start": "2025-04-01", "period_end": "2026-03-31", "source_accession": "0001018724-26-000014", "source_form": "10-Q (Q1 FY2026) — twelve-months-ended column of the cash flow statement and FCF reconciliation", "net_income": 90798000000, "total_net_sales_derived": 742776000000, "net_cash_provided_by_operating_activities": 148531000000, "purchases_of_property_and_equipment_capex": -151003000000, "proceeds_from_property_and_equipment_sales_and_incentives": 3704000000, "capex_net_of_proceeds": -147299000000, "free_cash_flow_company_definition": 1232000000, "net_cash_used_in_investing_activities": -176954000000, "net_cash_provided_by_financing_activities": 62475000000, "depreciation_and_amortization_incl_operating_lease_assets_and_content": 70439000000, "stock_based_compensation": 19810000000, "derivation_note": "Net income, operating/investing/financing cash flow, capex, D&A, SBC and free cash flow are stated directly in the 10-Q's 'Twelve Months Ended March 31, 2026' columns. Total net sales is DERIVED as FY2025 (716,924) - Q1 2025 (155,667) + Q1 2026 (181,519) = 742,776 million; both inputs are on the face of the two filings." }, { "label": "TTM ended 2025-03-31", "period_start": "2024-04-01", "period_end": "2025-03-31", "source_accession": "0001018724-26-000014", "source_form": "10-Q (Q1 FY2026) — prior-year twelve-months-ended column", "net_income": 65944000000, "net_cash_provided_by_operating_activities": 113903000000, "purchases_of_property_and_equipment_capex": -93093000000, "capex_net_of_proceeds": -87978000000, "free_cash_flow_company_definition": 25925000000, "net_cash_used_in_investing_activities": -106283000000, "net_cash_used_in_financing_activities": -10603000000, "depreciation_and_amortization_incl_operating_lease_assets_and_content": 55373000000, "stock_based_compensation": 20739000000 } ], "debt_definition": { "what_is_included_in_total_debt": "Two figures are reported at each date. (1) 'total_borrowings_debt_only' = long-term debt noncurrent + current portion of long-term debt (which the filer records inside 'Accrued expenses and other') + other short-term credit-facility borrowings (also inside 'Accrued expenses and other'). Commercial paper and revolver balances were zero at all reported dates. (2) 'total_debt_incl_finance_leases_and_financing_obligations' adds the present value of finance lease liabilities (current + noncurrent) and the build-to-suit financing obligations (current portion in 'Accrued expenses and other' plus the noncurrent portion inside 'Other long-term liabilities'). A third, broadest figure 'total_debt_incl_operating_leases' additionally adds the present value of operating lease liabilities.", "why": "Amazon's balance sheet shows only 'Long-term debt' as a caption; the current maturities, the financing obligations and the short-term facilities are buried in 'Accrued expenses and other' and 'Other long-term liabilities'. Amazon's fulfillment/data-center capacity is financed heavily through finance leases and build-to-suit financing obligations, so a debt figure that ignores them understates leverage materially. Operating leases are kept in a separate, clearly labelled total so the reader can choose.", "financing_obligation_precision_caveat": "The noncurrent financing obligation is disclosed by the filer only to one decimal in billions ($7.1bn at 2024-12-31, $7.8bn at 2025-12-31, $8.2bn at 2026-03-31). Those three inputs — and only those — are rounded; every other component is an exact filed figure." }, "notes": [ "SOURCE OF TRUTH: every figure was read off the rendered face of the raw filing HTML — the FY2025 10-K (accession 0001018724-26-000004, period end 2025-12-31, filed 2026-02-06) and the Q1 FY2026 10-Q (accession 0001018724-26-000014, period end 2026-03-31, filed 2026-04-30). The SEC's structured XBRL company-facts data was used only as a cross-check.", "The XBRL data agreed with the filings on every value I checked (FY2023/24/25 revenue, net income, operating income, diluted EPS, diluted shares, total assets, stockholders' equity, long-term debt noncurrent, operating cash flow, cash and equivalents; plus Q1 2025 and Q1 2026). There were NO disagreements to resolve. Two XBRL quirks worth recording: (a) Amazon does not tag us-gaap:Revenues at all — revenue lives in RevenueFromContractWithCustomerExcludingAssessedTax; (b) us-gaap:PaymentsToAcquirePropertyPlantAndEquipment is absent from the XBRL data, so the capex figures here come straight from the 'Purchases of property and equipment' line on the cash flow statement face, not from a tag lookup.", "SCALE: all statements in both filings are '(in millions)'. Every dollar figure and every weighted-average share count in this file has been multiplied by 1,000,000 to reach actual units. The only counts stated in WHOLE shares in the filings are the two cover-page share counts (10,734,920,870 at 2026-01-28 and 10,757,109,436 at 2026-04-22); those are carried through unmultiplied and are labelled as such.", "ARITHMETIC SELF-CHECKS PASSED: FY2025 net income 77,670 / diluted EPS 7.17 = 10,833m vs reported diluted shares 10,827m (rounding). Q1 FY2026 30,255 / 2.78 = 10,883m vs reported 10,874m.", "GROSS PROFIT IS NOT REPORTED BY AMAZON. The 10-K explicitly states management believes operating income is a more meaningful measure than gross profit given the diversity of product categories and services. Every 'gross_profit_derived' field is total net sales minus cost of sales, computed by me, and does not appear in any filing.", "FREE CASH FLOW: Amazon defines FCF as operating cash flow less 'purchases of property and equipment, net of proceeds from sales and incentives'. FY2024 ($38,219m), FY2025 ($11,194m), TTM 3/31/2025 ($25,925m) and TTM 3/31/2026 ($1,232m) are STATED in the filings' non-GAAP reconciliations. FY2023, Q1 2025 and Q1 2026 FCF are computed by me using that same definition from the cash-flow-statement face and are suffixed '_derived'.", "FY2023 has no balance sheet. The FY2025 10-K balance sheet presents only 2024 and 2025. For FY2023 I carried only the two items that DO appear on the face of other FY2025 10-K statements: total stockholders' equity of $201,875m (statement of stockholders' equity) and end-of-period cash, cash equivalents and restricted cash of $73,890m (cash flow statement). Nothing else for FY2023 was invented or back-filled.", "NO DIVIDENDS AND NO BUYBACKS in any period presented. The financing section of both cash flow statements contains no dividend or repurchase line, and the 10-Q states there were no repurchases in Q1 2025 or Q1 2026, with $6.1bn remaining under the March 2022 $10bn authorization. All dividend and repurchase fields are therefore hard zeros, not nulls.", "SPLITS: the 20-for-1 forward split of 2022-06-06 predates every period reported here, so all EPS and share figures as filed are already comparable and NO adjustment was applied.", "CURRENCY: USD throughout; no FX conversion was applied. The March 2026 EUR 14.5bn note issuance is presented by the filer already converted at $16,782m and is carried at that value.", "D&A is reported on two bases and both are included where available: the cash-flow-statement line 'Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other' (FY2023 $48,663m / FY2024 $52,795m / FY2025 $65,756m), and the narrower Note 3 figure for property and equipment only ($30.2bn / $32.1bn / $41.9bn — disclosed to one decimal in billions by the filer, so those three are rounded).", "FY2025 EARNINGS QUALITY: net income of $77,670m includes $15,229m of 'Other income (expense), net', which the 10-K attributes primarily to a $7.7bn upward observable-price adjustment on Amazon's nonvoting preferred stock in Anthropic plus $5.6bn of reclassified gains on converted Anthropic convertible notes. Operating income of $79,975m is itself burdened by a $2.5bn FTC settlement (Q3), ~$2.7bn of severance, ~$1.3bn of asset impairments and ~$1.1bn of Italian tax-dispute/lawsuit resolution. Q1 FY2026's $15,647m of other income is of the same non-operating character. These are recorded exactly as filed and are NOT adjusted out.", "FY2025 also reflects a change in accounting estimate effective 2025-01-01 shortening the useful life of a subset of servers and networking equipment from six to five years, which the 10-K quantifies as +$1.4bn depreciation and -$1.0bn net income (-$0.10 per diluted share), primarily in AWS.", "CAPEX INFLECTION: purchases of property and equipment went $52,729m (FY2023) -> $82,999m (FY2024) -> $131,819m (FY2025) -> $44,203m in Q1 FY2026 alone ($151,003m on a TTM basis), and the 10-K says it expects capex to increase again in 2026. This is why free cash flow collapsed from $38.2bn to $11.2bn to $1.2bn TTM even as operating cash flow rose.", "The 10-Q discloses a definitive merger agreement dated 2026-04-13 to acquire Globalstar, Inc. for cash and stock implying ~$10.9bn including debt, expected to close in 2027. No amounts are reflected in the March 31, 2026 balance sheet. It is recorded here only as context.", "The 2026-04-29 earnings 8-K (accession 0001018724-26-000012) covers the same Q1 2026 period as the 10-Q; per the brief the 10-Q is authoritative and the 8-K exhibits were not used. No period newer than Q1 FY2026 exists in the downloaded filings.", "Only the latest 10-K and latest 10-Q were downloaded, so intermediate quarters (Q2/Q3/Q4 FY2025) are not reported here. The SEC's XBRL data does contain them from earlier 10-Qs; they are deliberately not included here, because they are not traceable to the two filings this dataset is built from." ], "uncertainties": [ "Noncurrent financing obligations are disclosed by the filer only as '$7.1 billion', '$7.8 billion' and '$8.2 billion' (one decimal). I recorded 7,100 / 7,800 / 8,200 million. Any total_debt figure that includes financing obligations therefore carries up to roughly +/- $50m of rounding. All other debt components are exact.", "Property-and-equipment-only D&A ($30.2bn FY2023, $32.1bn FY2024, $41.9bn FY2025) is likewise disclosed to one decimal in billions in Note 3 and is rounded. The full cash-flow D&A line is exact.", "'total_liabilities_derived' is computed as total assets minus total stockholders' equity; neither the 10-K nor the 10-Q presents a 'Total liabilities' subtotal on the face of the balance sheet.", "All 'gross_profit_derived' values are my computation (net sales less cost of sales) and are not a filed line item; Amazon states it considers operating income the more meaningful measure.", "TTM total net sales of $742,776m is derived (FY2025 minus Q1 2025 plus Q1 2026), not stated. TTM net income, cash flows, capex, D&A, SBC and FCF ARE stated in the 10-Q's twelve-months-ended columns.", "FY2023 free cash flow ($36,813m) and the Q1 2025 / Q1 2026 free cash flow figures are my computations using Amazon's own definition; the filings state FCF only for FY2024, FY2025 and the two TTM periods.", "Only two balance sheet dates exist in the 10-K (2024-12-31, 2025-12-31) and two in the 10-Q (2025-12-31, 2026-03-31). There is no FY2023 balance sheet and no 2025-03-31 balance sheet in the downloaded filings; those blocks are intentionally near-empty rather than estimated.", "The 'business_type' label 'industrial' is the closest fit in the suggested taxonomy for a diversified e-commerce plus cloud-infrastructure operator; the schema itself is the standard operating-company frame extended with segment and revenue-channel detail, which is the substantive choice." ], "company_details": { "Name": "Amazon Com Inc", "Ticker": "AMZN", "CIK": "0001018724", "Exchange": "Nasdaq", "State": "Washington", "Incorporation": "Delaware", "SIC": "5961", "Office": "Trade & Services", "Industry": "Retail-Catalog & Mail-Order Houses" }, "next_filing": { "predicted_date": "2026-07-31", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q1", "tag": "FY26Q1", "period_end": "2026-03-31", "form": "10-Q", "accession": "0001018724-26-000014", "fiscal_year_end": "1231", "source": "facts" } }