Amazon.com Inc. (AMZN) Q2 FY2026 Financial Statements: Revenue $200.61B, Operating income $27.46B
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PeriodQ2 FY2026
Published
Amazon.com reported $200.61 billion in net sales for Q2 FY2026, the quarter ended June 30, 2026, up 19.6% from a year earlier, and operating income of $27.46 billion, up 43.2%. Amazon Web Services drove the quarter, with segment sales of $42.23 billion, up 36.8%, and operating income of $16.62 billion, more than the North America and International segments earned together. Reported net income of $62.65 billion is not an operating result, because most of it came from non-cash upward fair value adjustments on Amazon's private-company equity investments, principally its stake in Anthropic. Free cash flow for the three months was an outflow of $7.69 billion, against an inflow of $1.15 billion a year earlier, as purchases of property and equipment for AI and cloud infrastructure grew far faster than operating cash flow.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $200,606,000,000 | up 19.6% |
| Operating income | $27,461,000,000 | up 43.2% |
| Net income | $62,647,000,000 | up 244.9% |
| Diluted EPS | $5.75 | up 242.3% |
| AWS net sales | $42,232,000,000 | up 36.8% |
| AWS operating income | $16,621,000,000 | up 63.6% |
| Free cash flow | -$7,689,000,000 | swung from $1.15 billion |
About this file
| Ticker | AMZN |
|---|---|
| CIK | 0001018724 |
| Company | Amazon.com Inc. |
| Business type | industrial |
| Schema template | standard operating company (net sales, operating expense build, operating income, net income, EPS; balance sheet; cash flow) plus a reportable-segment block and a net-sales-by-product-and-service breakdown, because Amazon is read primarily through segment operating income |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); per-share figures in actual dollars per share; share counts in actual shares |
AMZN annual income statement, balance sheet and cash flow
| FY2023 | FY2024 | FY2025 | |
|---|---|---|---|
| Fiscal year | 2023 | 2024 | 2025 |
| Label | FY2023 | FY2024 | FY2025 |
| Period start | 2023-01-01 | 2024-01-01 | 2025-01-01 |
| Period end | 2023-12-31 | 2024-12-31 | 2025-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001018724-26-000004 | 0001018724-26-000004 | 0001018724-26-000004 |
| Income statement | |||
| Net product sales | 255,887,000,000 | 272,311,000,000 | 296,266,000,000 |
| Net service sales | 318,898,000,000 | 365,648,000,000 | 420,658,000,000 |
| Total net sales | 574,785,000,000 | 637,959,000,000 | 716,924,000,000 |
| Cost of sales | 304,739,000,000 | 326,288,000,000 | 356,414,000,000 |
| Fulfillment | 90,619,000,000 | 98,505,000,000 | 109,074,000,000 |
| Technology and infrastructure | 85,622,000,000 | 88,544,000,000 | 108,521,000,000 |
| Sales and marketing | 44,370,000,000 | 43,907,000,000 | 47,129,000,000 |
| General and administrative | 11,816,000,000 | 11,359,000,000 | 11,172,000,000 |
| Other operating expense income net | 767,000,000 | 763,000,000 | 4,639,000,000 |
| Total operating expenses | 537,933,000,000 | 569,366,000,000 | 636,949,000,000 |
| Operating income | 36,852,000,000 | 68,593,000,000 | 79,975,000,000 |
| Interest income | 2,949,000,000 | 4,677,000,000 | 4,381,000,000 |
| Interest expense | -3,182,000,000 | -2,406,000,000 | -2,274,000,000 |
| Other income expense net | 938,000,000 | -2,250,000,000 | 15,229,000,000 |
| Total non operating income | 705,000,000 | 21,000,000 | 17,336,000,000 |
| Income before income taxes | 37,557,000,000 | 68,614,000,000 | 97,311,000,000 |
| Provision for income taxes | -7,120,000,000 | -9,265,000,000 | -19,087,000,000 |
| Equity method investment activity net of tax | -12,000,000 | -101,000,000 | -554,000,000 |
| Net income | 30,425,000,000 | 59,248,000,000 | 77,670,000,000 |
| Basic EPS | 2.95 | 5.66 | 7.29 |
| Diluted EPS | 2.9 | 5.53 | 7.17 |
| Basic shares | 10,304,000,000 | 10,473,000,000 | 10,656,000,000 |
| Diluted shares | 10,492,000,000 | 10,721,000,000 | 10,827,000,000 |
| Cash flow | |||
| Depreciation and amortization | 48,663,000,000 | 52,795,000,000 | 65,756,000,000 |
| Stock based compensation | 24,023,000,000 | 22,011,000,000 | 19,467,000,000 |
| Net cash provided by used in operating activities | 84,946,000,000 | 115,877,000,000 | 139,514,000,000 |
| Purchases of property and equipment | -52,729,000,000 | -82,999,000,000 | -131,819,000,000 |
| Proceeds from property and equipment sales and incentives | 4,596,000,000 | 5,341,000,000 | 3,499,000,000 |
| Net cash provided by used in investing activities | -49,833,000,000 | -94,342,000,000 | -142,545,000,000 |
| Principal repayments of finance leases | -4,384,000,000 | -2,043,000,000 | -1,557,000,000 |
| Net cash provided by used in financing activities | -15,879,000,000 | -11,812,000,000 | 9,661,000,000 |
| Free cash flow | 32,217,000,000 | 32,878,000,000 | 7,695,000,000 |
| Free cash flow net of property and equipment sale proceeds | 36,813,000,000 | 38,219,000,000 | 11,194,000,000 |
| Segments | |||
| North america | |||
| Net sales | 352,828,000,000 | 387,497,000,000 | 426,305,000,000 |
| Operating expenses | 337,951,000,000 | 362,530,000,000 | 396,686,000,000 |
| Operating income | 14,877,000,000 | 24,967,000,000 | 29,619,000,000 |
| Total segment assets | 196,029,000,000 | 210,120,000,000 | 235,652,000,000 |
| International | |||
| Net sales | 131,200,000,000 | 142,906,000,000 | 161,894,000,000 |
| Operating expenses | 133,856,000,000 | 139,114,000,000 | 157,144,000,000 |
| Operating income | -2,656,000,000 | 3,792,000,000 | 4,750,000,000 |
| Total segment assets | 69,718,000,000 | 69,487,000,000 | 81,984,000,000 |
| Aws | |||
| Net sales | 90,757,000,000 | 107,556,000,000 | 128,725,000,000 |
| Operating expenses | 66,126,000,000 | 67,722,000,000 | 83,119,000,000 |
| Operating income | 24,631,000,000 | 39,834,000,000 | 45,606,000,000 |
| Total segment assets | 108,533,000,000 | 155,953,000,000 | 252,588,000,000 |
| Corporate | |||
| Assets | 153,574,000,000 | 189,334,000,000 | 247,818,000,000 |
| Net sales by product and service | |||
| Online stores | 231,872,000,000 | 247,029,000,000 | 269,287,000,000 |
| Physical stores | 20,030,000,000 | 21,215,000,000 | 22,561,000,000 |
| Third party seller services | 140,053,000,000 | 156,146,000,000 | 172,162,000,000 |
| Advertising services | 46,906,000,000 | 56,214,000,000 | 68,635,000,000 |
| Subscription services | 40,209,000,000 | 44,374,000,000 | 49,619,000,000 |
| Aws | 90,757,000,000 | 107,556,000,000 | 128,725,000,000 |
| Other | 4,958,000,000 | 5,425,000,000 | 5,935,000,000 |
| Net sales by country | |||
| United states | 395,637,000,000 | 438,015,000,000 | 489,657,000,000 |
| Germany | 37,588,000,000 | 40,856,000,000 | 45,900,000,000 |
| United kingdom | 33,591,000,000 | 37,855,000,000 | 43,212,000,000 |
| Japan | 26,002,000,000 | 27,401,000,000 | 30,688,000,000 |
| Rest of world | 81,967,000,000 | 93,832,000,000 | 107,467,000,000 |
| Balance sheet | |||
| Cash and cash equivalents | 78,779,000,000 | 86,810,000,000 | |
| Marketable securities | 22,423,000,000 | 36,219,000,000 | |
| Inventories | 34,214,000,000 | 38,325,000,000 | |
| Accounts receivable net and other | 55,451,000,000 | 67,729,000,000 | |
| Total current assets | 190,867,000,000 | 229,083,000,000 | |
| Property and equipment net | 252,665,000,000 | 357,025,000,000 | |
| Operating leases | 76,141,000,000 | 86,054,000,000 | |
| Goodwill | 23,074,000,000 | 23,273,000,000 | |
| Other assets | 82,147,000,000 | 122,607,000,000 | |
| Total assets | 624,894,000,000 | 818,042,000,000 | |
| Accounts payable | 94,363,000,000 | 121,909,000,000 | |
| Accrued expenses and other | 66,965,000,000 | 75,520,000,000 | |
| Unearned revenue | 18,103,000,000 | 20,576,000,000 | |
| Total current liabilities | 179,431,000,000 | 218,005,000,000 | |
| Long term lease liabilities | 78,277,000,000 | 87,339,000,000 | |
| Current portion of long term debt | 5,017,000,000 | 2,748,000,000 | |
| Long term debt | 52,623,000,000 | 65,648,000,000 | |
| Total debt | 57,640,000,000 | 68,396,000,000 | |
| Other long term liabilities | 28,593,000,000 | 35,985,000,000 | |
| Total liabilities | 338,924,000,000 | 406,977,000,000 | |
| Common stock | 111,000,000 | 112,000,000 | |
| Treasury stock | -7,837,000,000 | -7,837,000,000 | |
| Additional paid in capital | 120,864,000,000 | 140,024,000,000 | |
| Accumulated other comprehensive income loss | -34,000,000 | 28,230,000,000 | |
| Retained earnings | 172,866,000,000 | 250,536,000,000 | |
| Total stockholders equity | 285,970,000,000 | 411,065,000,000 | |
| Shares outstanding | 10,593,000,000 | 10,731,000,000 | |
AMZN quarterly income statement, balance sheet and cash flow
| Q2 2025 | Q2 2026 | |
|---|---|---|
| Label | Q2 2025 | Q2 2026 |
| Fiscal year | 2025 | 2026 |
| Fiscal quarter | 2 | 2 |
| Period start | 2025-04-01 | 2026-04-01 |
| Period end | 2025-06-30 | 2026-06-30 |
| Period type | three months | three months |
| Source accession | 0001018724-26-000026 | 0001018724-26-000026 |
| Income statement | ||
| Net product sales | 68,246,000,000 | 77,602,000,000 |
| Net service sales | 99,456,000,000 | 123,004,000,000 |
| Total net sales | 167,702,000,000 | 200,606,000,000 |
| Cost of sales | 80,809,000,000 | 95,778,000,000 |
| Fulfillment | 25,976,000,000 | 29,633,000,000 |
| Technology and infrastructure | 27,166,000,000 | 33,158,000,000 |
| Sales and marketing | 11,416,000,000 | 11,698,000,000 |
| General and administrative | 2,965,000,000 | 2,788,000,000 |
| Other operating expense income net | 199,000,000 | 90,000,000 |
| Total operating expenses | 148,531,000,000 | 173,145,000,000 |
| Operating income | 19,171,000,000 | 27,461,000,000 |
| Interest income | 1,085,000,000 | 1,295,000,000 |
| Interest expense | -516,000,000 | -1,314,000,000 |
| Other income expense net | 1,117,000,000 | 53,415,000,000 |
| Total non operating income | 1,686,000,000 | 53,396,000,000 |
| Income before income taxes | 20,857,000,000 | 80,857,000,000 |
| Provision for income taxes | -2,678,000,000 | -18,199,000,000 |
| Equity method investment activity net of tax | -15,000,000 | -11,000,000 |
| Net income | 18,164,000,000 | 62,647,000,000 |
| Basic EPS | 1.71 | 5.82 |
| Diluted EPS | 1.68 | 5.75 |
| Basic shares | 10,637,000,000 | 10,769,000,000 |
| Diluted shares | 10,806,000,000 | 10,903,000,000 |
| Cash flow | ||
| Depreciation and amortization | 15,227,000,000 | 19,988,000,000 |
| Stock based compensation | 6,534,000,000 | 6,038,000,000 |
| Net cash provided by used in operating activities | 32,515,000,000 | 45,387,000,000 |
| Purchases of property and equipment | -32,183,000,000 | -54,208,000,000 |
| Proceeds from property and equipment sales and incentives | 815,000,000 | 1,132,000,000 |
| Net cash provided by used in investing activities | -39,424,000,000 | -79,245,000,000 |
| Principal repayments of finance leases | -411,000,000 | -395,000,000 |
| Net cash provided by used in financing activities | -2,539,000,000 | 10,146,000,000 |
| Free cash flow | 332,000,000 | -8,821,000,000 |
| Free cash flow net of property and equipment sale proceeds | 1,147,000,000 | -7,689,000,000 |
| Segments | ||
| North america | ||
| Net sales | 100,068,000,000 | 116,177,000,000 |
| Operating expenses | 92,551,000,000 | 107,054,000,000 |
| Operating income | 7,517,000,000 | 9,123,000,000 |
| Total segment assets | 249,006,000,000 | |
| International | ||
| Net sales | 36,761,000,000 | 42,197,000,000 |
| Operating expenses | 35,267,000,000 | 40,480,000,000 |
| Operating income | 1,494,000,000 | 1,717,000,000 |
| Total segment assets | 85,271,000,000 | |
| Aws | ||
| Net sales | 30,873,000,000 | 42,232,000,000 |
| Operating expenses | 20,713,000,000 | 25,611,000,000 |
| Operating income | 10,160,000,000 | 16,621,000,000 |
| Total segment assets | 350,170,000,000 | |
| Corporate | ||
| Assets | 411,242,000,000 | |
| Net sales by product and service | ||
| Online stores | 61,485,000,000 | 70,432,000,000 |
| Physical stores | 5,595,000,000 | 5,794,000,000 |
| Third party seller services | 40,348,000,000 | 46,780,000,000 |
| Advertising services | 15,694,000,000 | 19,809,000,000 |
| Subscription services | 12,208,000,000 | 13,730,000,000 |
| Aws | 30,873,000,000 | 42,232,000,000 |
| Other | 1,499,000,000 | 1,829,000,000 |
| Balance sheet | ||
| Cash and cash equivalents | 78,213,000,000 | |
| Marketable securities | 44,775,000,000 | |
| Inventories | 38,184,000,000 | |
| Accounts receivable net and other | 88,092,000,000 | |
| Total current assets | 249,264,000,000 | |
| Property and equipment net | 446,046,000,000 | |
| Operating leases | 92,743,000,000 | |
| Goodwill | 23,504,000,000 | |
| Other assets | 284,132,000,000 | |
| Total assets | 1,095,689,000,000 | |
| Accounts payable | 147,440,000,000 | |
| Accrued expenses and other | 73,406,000,000 | |
| Unearned revenue | 20,428,000,000 | |
| Total current liabilities | 241,274,000,000 | |
| Long term lease liabilities | 94,338,000,000 | |
| Current portion of long term debt | 3,330,000,000 | |
| Long term debt | 128,894,000,000 | |
| Total debt | 132,224,000,000 | |
| Other long term liabilities | 79,563,000,000 | |
| Total liabilities | 544,069,000,000 | |
| Common stock | 113,000,000 | |
| Treasury stock | -7,837,000,000 | |
| Additional paid in capital | 149,619,000,000 | |
| Accumulated other comprehensive income loss | 66,287,000,000 | |
| Retained earnings | 343,438,000,000 | |
| Total stockholders equity | 551,620,000,000 | |
| Shares outstanding | 10,783,000,000 | |
AMZN year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0001018724-26-000026 |
| Income statement | |
| Net product sales | 148,906,000,000 |
| Net service sales | 233,219,000,000 |
| Total net sales | 382,125,000,000 |
| Cost of sales | 183,241,000,000 |
| Fulfillment | 56,922,000,000 |
| Technology and infrastructure | 62,725,000,000 |
| Sales and marketing | 22,012,000,000 |
| General and administrative | 5,375,000,000 |
| Other operating expense income net | 537,000,000 |
| Total operating expenses | 330,812,000,000 |
| Operating income | 51,313,000,000 |
| Interest income | 2,430,000,000 |
| Interest expense | -2,114,000,000 |
| Other income expense net | 69,062,000,000 |
| Total non operating income | 69,378,000,000 |
| Income before income taxes | 120,691,000,000 |
| Provision for income taxes | -27,759,000,000 |
| Equity method investment activity net of tax | -30,000,000 |
| Net income | 92,902,000,000 |
| Basic EPS | 8.64 |
| Diluted EPS | 8.53 |
| Basic shares | 10,756,000,000 |
| Diluted shares | 10,889,000,000 |
| Cash flow | |
| Depreciation and amortization | 38,933,000,000 |
| Stock based compensation | 10,070,000,000 |
| Net cash provided by used in operating activities | 71,419,000,000 |
| Purchases of property and equipment | -98,411,000,000 |
| Proceeds from property and equipment sales and incentives | 2,101,000,000 |
| Net cash provided by used in investing activities | -143,457,000,000 |
| Principal repayments of finance leases | -863,000,000 |
| Net cash provided by used in financing activities | 62,913,000,000 |
| Free cash flow | -26,992,000,000 |
| Free cash flow net of property and equipment sale proceeds | -24,891,000,000 |
| Segments | |
| North america | |
| Net sales | 220,320,000,000 |
| Operating expenses | 202,930,000,000 |
| Operating income | 17,390,000,000 |
| International | |
| Net sales | 81,986,000,000 |
| Operating expenses | 78,845,000,000 |
| Operating income | 3,141,000,000 |
| Aws | |
| Net sales | 79,819,000,000 |
| Operating expenses | 49,037,000,000 |
| Operating income | 30,782,000,000 |
| Net sales by product and service | |
| Online stores | 134,686,000,000 |
| Physical stores | 11,579,000,000 |
| Third party seller services | 88,358,000,000 |
| Advertising services | 37,052,000,000 |
| Subscription services | 27,157,000,000 |
| Aws | 79,819,000,000 |
| Other | 3,474,000,000 |
| Prior year comparative | |
| Label | Six months ended June 30, 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0001018724-26-000026 |
| Income statement | |
| Net product sales | 132,216,000,000 |
| Net service sales | 191,153,000,000 |
| Total net sales | 323,369,000,000 |
| Cost of sales | 157,785,000,000 |
| Fulfillment | 50,569,000,000 |
| Technology and infrastructure | 50,160,000,000 |
| Sales and marketing | 21,179,000,000 |
| General and administrative | 5,593,000,000 |
| Other operating expense income net | 507,000,000 |
| Total operating expenses | 285,793,000,000 |
| Operating income | 37,576,000,000 |
| Interest income | 2,151,000,000 |
| Interest expense | -1,057,000,000 |
| Other income expense net | 3,866,000,000 |
| Total non operating income | 4,960,000,000 |
| Income before income taxes | 42,536,000,000 |
| Provision for income taxes | -7,231,000,000 |
| Equity method investment activity net of tax | -14,000,000 |
| Net income | 35,291,000,000 |
| Basic EPS | 3.32 |
| Diluted EPS | 3.27 |
| Basic shares | 10,620,000,000 |
| Diluted shares | 10,800,000,000 |
| Cash flow | |
| Depreciation and amortization | 29,489,000,000 |
| Stock based compensation | 10,223,000,000 |
| Net cash provided by used in operating activities | 49,530,000,000 |
| Purchases of property and equipment | -57,202,000,000 |
| Proceeds from property and equipment sales and incentives | 1,579,000,000 |
| Net cash provided by used in investing activities | -69,227,000,000 |
| Principal repayments of finance leases | -821,000,000 |
| Net cash provided by used in financing activities | -2,586,000,000 |
| Free cash flow | -7,672,000,000 |
| Free cash flow net of property and equipment sale proceeds | -6,093,000,000 |
| Segments | |
| North america | |
| Net sales | 192,955,000,000 |
| Operating expenses | 179,597,000,000 |
| Operating income | 13,358,000,000 |
| International | |
| Net sales | 70,274,000,000 |
| Operating expenses | 67,763,000,000 |
| Operating income | 2,511,000,000 |
| Aws | |
| Net sales | 60,140,000,000 |
| Operating expenses | 38,433,000,000 |
| Operating income | 21,707,000,000 |
| Net sales by product and service | |
| Online stores | 118,892,000,000 |
| Physical stores | 11,128,000,000 |
| Third party seller services | 76,860,000,000 |
| Advertising services | 29,615,000,000 |
| Subscription services | 23,923,000,000 |
| Aws | 60,140,000,000 |
| Other | 2,811,000,000 |
AMZN trailing twelve month income statement and cash flow
| Twelve months ended June 30, 2026 | |
|---|---|
| Label | Twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | twelve months |
| Source accession | 0001018724-26-000026 |
| Cash flow | |
| Depreciation and amortization | 75,200,000,000 |
| Stock based compensation | 19,314,000,000 |
| Net cash provided by used in operating activities | 161,403,000,000 |
| Purchases of property and equipment | -173,028,000,000 |
| Proceeds from property and equipment sales and incentives | 4,021,000,000 |
| Net cash provided by used in investing activities | -216,775,000,000 |
| Principal repayments of finance leases | -1,599,000,000 |
| Net cash provided by used in financing activities | 75,160,000,000 |
| Free cash flow | -11,625,000,000 |
| Free cash flow net of property and equipment sale proceeds | -7,604,000,000 |
| Income statement | |
| Net income | 135,281,000,000 |
| Net product sales | 312,956,000,000 |
| Net service sales | 462,724,000,000 |
| Total net sales | 775,680,000,000 |
| Cost of sales | 381,870,000,000 |
| Fulfillment | 115,427,000,000 |
| Technology and infrastructure | 121,086,000,000 |
| Sales and marketing | 47,962,000,000 |
| General and administrative | 10,954,000,000 |
| Other operating expense income net | 4,669,000,000 |
| Total operating expenses | 681,968,000,000 |
| Operating income | 93,712,000,000 |
| Interest income | 4,660,000,000 |
| Interest expense | -3,331,000,000 |
| Other income expense net | 80,425,000,000 |
| Total non operating income | 81,754,000,000 |
| Income before income taxes | 175,466,000,000 |
| Provision for income taxes | -39,615,000,000 |
| Equity method investment activity net of tax | -570,000,000 |
| Basis | derived: fiscal year 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Net income is the figure the 10-Q prints in its twelve-months-ended June 30, 2026 cash flow column, and the derivation reproduces it exactly. |
| Prior year comparative | |
| Label | Twelve months ended June 30, 2025 |
| Period start | 2024-07-01 |
| Period end | 2025-06-30 |
| Period type | twelve months |
| Source accession | 0001018724-26-000026 |
| Cash flow | |
| Depreciation and amortization | 58,562,000,000 |
| Stock based compensation | 20,551,000,000 |
| Net cash provided by used in operating activities | 121,137,000,000 |
| Purchases of property and equipment | -107,656,000,000 |
| Proceeds from property and equipment sales and incentives | 4,703,000,000 |
| Net cash provided by used in investing activities | -123,569,000,000 |
| Principal repayments of finance leases | -1,556,000,000 |
| Net cash provided by used in financing activities | -8,652,000,000 |
| Free cash flow | 13,481,000,000 |
| Free cash flow net of property and equipment sale proceeds | 18,184,000,000 |
| Income statement | |
| Net income | 70,623,000,000 |
| Basis | only net income is available for this window: it is printed in the 10-Q's twelve-months-ended June 30, 2025 cash flow column. The six months ended June 30, 2024 are not presented in either filing, so no other income-statement line can be built. |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | n/a |
| Note | Amazon's only stock split on record is the 20-for-1 forward split effective June 6, 2022, which precedes every period reported here, so all per-share figures here are already on the post-split basis the company prints and no adjustment was made. Amazon is a domestic filer reporting in U.S. dollars, so there is no currency translation and no ADS ratio. |
Notes
- Figures are stated in actual U.S. dollars. Both filings print their statements in millions (per-share amounts in dollars), and every figure here has been scaled up from the printed column.
- Coverage. This record holds exactly the periods the two filings put on their face. The FY2025 10-K (accession 0001018724-26-000004) presents fiscal 2023, 2024 and 2025 on the income statement, cash flow statement and segment note, and December 31, 2024 and 2025 on the balance sheet. The Q2 2026 10-Q (accession 0001018724-26-000026) presents the three months and six months ended June 30, 2026 and 2025, a twelve-months-ended June 30 cash flow column, and balance sheets at December 31, 2025 and June 30, 2026. The fourth quarter of 2025 and the first quarter of 2026 are not presented as discrete columns in either filing and are therefore not in this record.
- Amazon does not present a gross profit subtotal; its income statement runs from total net sales through an operating-expense build (cost of sales, fulfillment, technology and infrastructure, sales and marketing, general and administrative, other operating expense) to operating income. That structure is reproduced here rather than a gross-margin frame, because cost of sales alone excludes fulfillment and shipping and a gross margin struck on it would not describe the business.
- Segment figures are the reportable-segment disclosure (North America, International, AWS) from Note 10 of the 10-K and Note 8 of the 10-Q. Segment operating income is how this company is read: in fiscal 2025 AWS produced $45.6 billion of operating income on $128.7 billion of net sales, against $29.6 billion from North America on $426.3 billion and $4.8 billion from International on $161.9 billion. In the second quarter of 2026 AWS net sales were $42.2 billion and AWS operating income $16.6 billion, of a consolidated $27.5 billion. Segment assets exclude corporate assets, which are reported separately here.
- Net income for the second quarter of 2026 of $62.6 billion includes $53.4 billion of "Other income (expense), net," of which $50.5 billion is an upward adjustment to the carrying value of equity investments in private companies, primarily Amazon's nonvoting preferred stock in Anthropic, reflecting observable changes in price. The carrying value of equity investments in private companies rose from $16.2 billion at December 31, 2025 to $122.3 billion at June 30, 2026. The related tax is a large part of the quarter's tax charge: the 10-Q states the six-month income tax provision of $27.8 billion includes $15.9 billion of net discrete tax expense primarily attributable to those upward adjustments. Operating income, which excludes all of this, was $27.5 billion for the quarter.
- Two free cash flow measures are reported for every period, because they differ. "free_cash_flow" is operating cash flow less the gross purchases of property and equipment shown on the cash flow statement. "free_cash_flow_net_of_property_and_equipment_sale_proceeds" also credits the proceeds from property and equipment sales and incentives, which is the free cash flow measure Amazon itself reports: the company's reconciliations print $38,219 million for 2024, $11,194 million for 2025, $18,184 million for the twelve months ended June 30, 2025 and $(7,604) million for the twelve months ended June 30, 2026, and the figures here match those exactly. Free cash flow has turned negative as capital expenditure has risen: purchases of property and equipment were $52.7 billion in 2023, $83.0 billion in 2024 and $131.8 billion in 2025, and $173.0 billion in the twelve months ended June 30, 2026.
- Balance sheet subtotals. Amazon's balance sheet does not print a total liabilities line, so "total_liabilities" here is the sum of total current liabilities, long-term lease liabilities, long-term debt and other long-term liabilities; it equals total assets less total stockholders' equity in every period presented. "total_debt" is long-term debt plus the current portion of long-term debt taken from the debt note (Note 6 of the 10-K, Note 5 of the 10-Q); it excludes finance lease liabilities and financing obligations, which the company reports separately. Total debt rose from $68.4 billion at December 31, 2025 to $132.2 billion at June 30, 2026 after note issuances in U.S. dollars, euros, Swiss francs and Canadian dollars during the first half of 2026.
- Fiscal 2023 carries an income statement, cash flow statement and segment data but no balance sheet: the FY2025 10-K presents only December 31, 2024 and 2025 balance sheets. The only December 31, 2023 balance sheet figure the filing prints is consolidated total assets of $527,854 million, in the segment asset reconciliation, which is not enough to publish a balance sheet block.
- Effective January 1, 2025 Amazon shortened the estimated useful life of a subset of servers and networking equipment from six years to five. The 10-K states this increased fiscal 2025 depreciation and amortization by $1.4 billion and reduced net income by $1.0 billion, or $0.10 per diluted share, mainly in the AWS segment. Fiscal 2025 operating income also absorbed a $2.5 billion FTC lawsuit settlement charge in the third quarter, roughly $2.7 billion of estimated severance costs for the year and about $1.3 billion of asset impairments for the year. The $2.4 billion of fourth-quarter charges the 10-K describes is not a further amount on top of those: it consists of $1.1 billion for the resolution of Italian tax disputes and the settlement of a lawsuit, plus the $730 million of severance and $610 million of asset impairments that are already inside the $2.7 billion and $1.3 billion full-year totals.
- The trailing-twelve-months block covers the twelve months ended June 30, 2026. Its cash flow figures are printed directly by the 10-Q, which shows a twelve-months-ended June 30 column on the cash flow statement. Its income-statement figures are derived as fiscal 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025; that derivation reproduces the $135,281 million of net income the 10-Q prints in the twelve-month cash flow column exactly, which is the check on the method.
- Amazon pays no dividend and repurchased no common stock in any period presented; the cash flow statements show no dividend or buyback line, so none is reported here.
- Shares outstanding at December 31, 2024 and 2025 are the closing share counts in the 10-K's statement of stockholders' equity. The June 30, 2026 count of 10,783 million is the shares-outstanding figure in the parenthetical to the common stock line of the 10-Q balance sheet; the 10-Q cover page separately reports 10,786,313,572 shares outstanding as of July 22, 2026.
Uncertainties
- No balance sheet is reported for fiscal 2023 because the FY2025 10-K does not present one; only the income statement, cash flow statement and segment data are available for that year.
- The fourth quarter of 2025 and the first quarter of 2026 are absent. Neither filing presents them as a discrete three-month column, and they have not been created by differencing.
- The twelve months ended June 30, 2026 income statement is derived rather than printed. Only net income is printed for that window (in the cash flow statement), and it ties to the derivation. For the comparative twelve months ended June 30, 2025 only net income is given at all, because the six months ended June 30, 2024 are not presented in either filing.
- Segment operating expenses and operating income reflect Amazon's own allocation of fulfillment, technology and infrastructure, sales and marketing, and general and administrative costs to segments based on usage. The company notes that the majority of infrastructure costs are allocated to AWS, so segment operating income depends on that allocation and is not a stand-alone result.
- "total_debt" is a subtotal built from the debt note, not a line the balance sheet prints. It covers long-term debt including its current portion and excludes finance lease liabilities, financing obligations and any short-term borrowings; there were no commercial paper borrowings outstanding at December 31, 2025 or June 30, 2026.
- The June 30, 2026 carrying value of equity investments in private companies, and therefore a large part of second-quarter 2026 net income and of the increase in "other assets," rests on fair-value measurements the 10-Q describes as Level 3 for the private company holdings. These are the company's estimates based on observable price changes, not realized proceeds.
Company details
| Value | |
|---|---|
| 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 |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001018724-26-000026 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-06 | 0001018724-26-000004 | https://www.sec.gov/Archives/edgar/data/1018724/000101872426000004/0001018724-26-000004-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-07-31 | 0001018724-26-000026 | https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/0001018724-26-000026-index.htm | facts |
FAQ · Amazon.com financial statements
How much revenue did Amazon report in Q2 FY2026?
Amazon.com reported $200.61 billion in net sales for Q2 FY2026, the quarter ended June 30, 2026. That is up 19.6% from $167.70 billion in the same quarter a year earlier, and operating income was $27.46 billion, up 43.2%.
How fast is AWS growing?
Amazon Web Services had net sales of $42.23 billion in Q2 FY2026, up 36.8% from $30.87 billion a year earlier. AWS operating income was $16.62 billion, up 63.6%, which is more profit than Amazon's North America and International segments produced together.
Why was Amazon's net income so high in Q2 FY2026?
Amazon.com reported net income of $62.65 billion in Q2 FY2026, or $5.75 per diluted share, against $18.16 billion and $1.68 a year earlier. Almost all of the increase is non-operating and non-cash, coming from upward fair value adjustments on Amazon's equity investments in private companies, principally its nonvoting preferred stock in Anthropic; operating income for the quarter was $27.46 billion.
Is Amazon's free cash flow negative?
Yes. Amazon.com's free cash flow was an outflow of $7.69 billion for Q2 FY2026, the three months ended June 30, 2026, against an inflow of $1.15 billion in the same quarter a year earlier. That is the three-month figure computed on Amazon's definition of free cash flow, operating cash flow less purchases of property and equipment net of proceeds from property and equipment sales and incentives. Purchases of property and equipment, chiefly AI and cloud infrastructure, rose much faster than operating cash flow over that year.
Where can I get Amazon.com Inc. (AMZN) financial data in machine-readable form?
Ticker Scout publishes Amazon.com Inc.'s financial statements as JSON at https://tickerscout.ai/amzn/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/amzn/narrative.md and https://tickerscout.ai/amzn/events.md. Amazon.com Inc.'s SEC CIK is 0001018724. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Amazon.com Inc. (AMZN) next file with the SEC?
Amazon.com Inc. (AMZN) is expected to file its next Form 10-Q with the SEC on or around October 30, 2026. That date is a projection rather than a company-announced date: it is derived from Amazon.com Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001018724-26-000026.
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How this page was built
This page was built from two of Amazon.com Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names six such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from Amazon.com Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.