AMAZON COM INC (AMZN)

Latest 10-Q (filed 2026-07-31)

Income Statement

Consolidated Statement of Income

AMAZON.COM, INC. (AMZN)

Three and Six Months Ended (In millions, except shares and per share data)

Jun 30, 2026 (Q2) Jun 30, 2025 (Q2) Jun 30, 2026 (YTD) Jun 30, 2025 (YTD)
      Net sales $200,606 $167,702 $382,125 $323,369
Net product sales $77,602 $68,246 $148,906 $132,216
Net service sales $123,004 $99,456 $233,219 $191,153
        Cost of sales $95,778 $80,809 $183,241 $157,785
        Fulfillment $29,633 $25,976 $56,922 $50,569
        Technology and infrastructure $33,158 $27,166 $62,725 $50,160
        Sales and marketing $11,698 $11,416 $22,012 $21,179
        General and administrative $2,788 $2,965 $5,375 $5,593
        Other operating expense (income), net $90 $199 $537 $507
          Total operating expenses $173,145 $148,531 $330,812 $285,793
        Operating income $27,461 $19,171 $51,313 $37,576
        Interest income $1,295 $1,085 $2,430 $2,151
        Interest expense $(1,314) $(516) $(2,114) $(1,057)
        Other income (expense), net $53,415 $1,117 $69,062 $3,866
        Total non-operating income $53,396 $1,686 $69,378 $4,960
      Income before income taxes $80,857 $20,857 $120,691 $42,536
      Provision for income taxes $(18,199) $(2,678) $(27,759) $(7,231)
      Equity-method investment activity, net of tax $(11) $(15) $(30) $(14)
      Net income $62,647 $18,164 $92,902 $35,291
      Basic earnings per share (in usd per share) 5.82 1.71 8.64 3.32
      Diluted earnings per share (in usd per share) 5.75 1.68 8.53 3.27
        Basic (in shares) 10,769 10,637 10,756 10,620
        Diluted (in shares) 10,903 10,806 10,889 10,800

Balance Sheet

Consolidated Balance Sheets

AMAZON.COM, INC. (AMZN)

As of June 30, 2026 and December 31, 2025 (In millions, except shares and per share data)

Jun 30, 2026 Dec 31, 2025
        Cash and cash equivalents $78,213 $86,810
        Marketable securities $44,775 $36,219
        Inventories $38,184 $38,325
        Accounts receivable, net and other $88,092 $67,729
Customer receivables, net $49,200 $40,400
Vendor receivables, net $21,700 $15,900
Other receivables, net $9,800 $4,500
        Total current assets $249,264 $229,083
    Property and equipment, net $446,046 $357,025
    Operating leases $92,743 $86,054
    Goodwill $23,504 $23,273
    Other assets $284,132 $122,607
    Total assets $1,095,689 $818,042
        Accounts payable $147,440 $121,909
        Accrued expenses and other $73,406 $75,520
        Unearned revenue $20,428 $20,576
      Total current liabilities $241,274 $218,005
      Long-term lease liabilities $94,338 $87,339
      Long-term debt $128,894 $65,648
      Other long-term liabilities $79,563 $35,985
      Commitments and contingencies (Note 4)
      Preferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding)
      Common stock ($0.01 par value; 100,000 shares authorized; 11,246 and 11,298 shares issued; 10,731 and 10,783 shares outstanding) $113 $112
      Treasury stock, at cost $(7,837) $(7,837)
      Additional paid-in capital $149,619 $140,024
      Accumulated other comprehensive income (loss) $66,287 $28,230
      Retained earnings $343,438 $250,536
      Total stockholders’ equity $551,620 $411,065
    Total liabilities and stockholders’ equity $1,095,689 $818,042

Cash Flow

Consolidated Statement of Cash Flows

AMAZON.COM, INC. (AMZN)

Three and Six Months Ended (In millions, except shares and per share data)

Jun 30, 2026 (Q2) Jun 30, 2025 (Q2) Jun 30, 2026 (YTD) Jun 30, 2025 (YTD)
  CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD
      Net income $62,647 $18,164 $92,902 $35,291
      Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other $19,988 $15,227 $38,933 $29,489
      Stock-based compensation $6,038 $6,534 $10,070 $10,223
      Non-operating expense (income), net $(53,381) $(1,258) $(69,013) $(4,075)
      Deferred income taxes $17,691 $11 $30,489 $518
        Inventories $(1,818) $(4,054) $(196) $(5,276)
        Accounts receivable, net and other $(8,204) $(1,125) $(13,954) $122
        Other assets $(4,717) $(2,971) $(8,528) $(6,373)
        Accounts payable $9,442 $7,058 $705 $(1,985)
        Accrued expenses and other $(2,018) $(4,952) $(10,063) $(9,013)
        Unearned revenue $(281) $(119) $74 $609
    Net cash provided by (used in) operating activities $45,387 $32,515 $71,419 $49,530
      Purchases of property and equipment $(54,208) $(32,183) $(98,411) $(57,202)
      Proceeds from property and equipment sales and incentives $1,132 $815 $2,101 $1,579
      Acquisitions, net of cash acquired, non-marketable investments, and other, net $(24,359) $(1,700) $(39,767) $(1,652)
      Sales and maturities of marketable securities $24,196 $11,441 $41,882 $19,178
      Purchases of marketable securities $(26,006) $(17,797) $(49,262) $(31,130)
    Net cash provided by (used in) investing activities $(79,245) $(39,424) $(143,457) $(69,227)
      Proceeds from short-term debt, and other $9,368 $2,093 $15,386 $3,908
      Repayments of short-term debt, and other $(9,573) $(1,392) $(15,682) $(3,474)
      Proceeds from long-term debt $13,557 $66,998 $746
      Repayments of long-term debt $(2,752) $(2,751) $(2,752) $(2,751)
      Principal repayments of finance leases $(395) $(411) $(863) $(821)
      Principal repayments of financing obligations $(59) $(78) $(174) $(194)
    Net cash provided by (used in) financing activities $10,146 $(2,539) $62,913 $(2,586)
    Foreign currency effect on cash, cash equivalents, and restricted cash $(53) $1,008 $(54) $1,424
  Net increase (decrease) in cash, cash equivalents, and restricted cash $(23,765) $(8,440) $(9,179) $(20,859)
  CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD