AMAZON COM INC, 10-Q filed on 10/30/2026
Quarterly Report
v3.26.3
Cover - shares
 9 Months Ended
Sep. 30, 2026
Oct. 21, 2026
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2026  
Document Transition Report false  
Entity File Number 001-43202  
Entity Registrant Name AMAZON.COM, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 91-1646860  
Entity Address, Address Line One 410 Terry Avenue North  
Entity Address, City or Town Seattle,  
Entity Address, State or Province WA  
Entity Address, Postal Zip Code 98109-5210  
City Area Code 206  
Local Phone Number 266-1000  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   10,813,138,306
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Entity Central Index Key 0001018724  
Current Fiscal Year End Date --12-31  
Common Stock, par value $.01 per share    
Document Information [Line Items]    
Title of 12(b) Security Common Stock, par value $.01 per share  
Trading Symbol AMZN  
Security Exchange Name NASDAQ  
Floating Rate Notes due 2028    
Document Information [Line Items]    
Title of 12(b) Security Floating Rate Notes due 2028  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
2.800% Notes due 2028    
Document Information [Line Items]    
Title of 12(b) Security 2.800% Notes due 2028  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
3.100% Notes due 2030    
Document Information [Line Items]    
Title of 12(b) Security 3.100% Notes due 2030  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
3.350% Notes due 2032    
Document Information [Line Items]    
Title of 12(b) Security 3.350% Notes due 2032  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
3.700% Notes due 2035    
Document Information [Line Items]    
Title of 12(b) Security 3.700% Notes due 2035  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
4.050% Notes due 2039    
Document Information [Line Items]    
Title of 12(b) Security 4.050% Notes due 2039  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
4.450% Notes due 2045    
Document Information [Line Items]    
Title of 12(b) Security 4.450% Notes due 2045  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
4.850% Notes due 2064    
Document Information [Line Items]    
Title of 12(b) Security 4.850% Notes due 2064  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
5.200% Notes due 2029    
Document Information [Line Items]    
Title of 12(b) Security 5.200% Notes due 2029  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
5.550% Notes due 2032    
Document Information [Line Items]    
Title of 12(b) Security 5.550% Notes due 2032  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
6.250% Notes due 2038    
Document Information [Line Items]    
Title of 12(b) Security 6.250% Notes due 2038  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
6.650% Notes due 2045    
Document Information [Line Items]    
Title of 12(b) Security 6.650% Notes due 2045  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Statement of Cash Flows [Abstract]            
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 80,927 $ 61,453 $ 90,106 $ 82,312 $ 70,464 $ 78,677
OPERATING ACTIVITIES:            
Net income 20,685 21,187 113,587 56,478 134,779 76,482
Adjustments to reconcile net income to net cash from operating activities:            
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other 20,949 16,796 59,882 46,285 79,353 61,916
Stock-based compensation 5,406 4,847 15,476 15,070 19,873 20,065
Non-operating expense (income), net 694 (10,112) (68,319) (14,187) (69,012) (14,673)
Deferred income taxes 5,033 10,130 35,522 10,648 36,344 9,040
Changes in operating assets and liabilities:            
Inventories (4,516) (827) (4,712) (6,103) (1,611) (5,169)
Accounts receivable, net and other (2,127) (1,977) (16,081) (1,855) (21,559) (5,878)
Other assets (4,637) (4,039) (13,165) (10,412) (18,385) (14,602)
Accounts payable 1,502 2,151 2,207 166 13,272 8,892
Accrued expenses and other (3,848) (1,999) (13,911) (11,012) (7,918) (6,970)
Unearned revenue 3,281 (632) 3,355 (23) 3,164 1,588
Net cash provided by (used in) operating activities 42,422 35,525 113,841 85,055 168,300 130,691
INVESTING ACTIVITIES:            
Purchases of property and equipment (77,259) (35,095) (175,670) (92,297) (215,192) (120,131)
Proceeds from property and equipment sales and incentives 1,381 867 3,482 2,446 4,535 4,228
Acquisitions, net of cash acquired, non-marketable investments, and other, net (23,986) (786) (63,753) (2,438) (65,156) (4,973)
Sales and maturities of marketable securities 23,677 16,367 65,559 35,545 74,400 39,222
Purchases of marketable securities (37,455) (7,426) (86,717) (38,556) (102,931) (51,089)
Net cash provided by (used in) investing activities (113,642) (26,073) (257,099) (95,300) (304,344) (132,743)
FINANCING ACTIVITIES:            
Proceeds from short-term debt, and other 5,307 3,223 20,693 7,131 22,882 9,685
Repayments of short-term debt, and other (3,927) (1,826) (19,609) (5,300) (22,735) (7,907)
Proceeds from long-term debt 48,102 0 115,100 746 130,027 746
Repayments of long-term debt (7) (1,008) (2,759) (3,759) (4,021) (6,259)
Principal repayments of finance leases (433) (351) (1,296) (1,172) (1,681) (1,505)
Principal repayments of financing obligations (107) (82) (281) (276) (333) (698)
Net cash provided by (used in) financing activities 48,935 (44) 111,848 (2,630) 124,139 (5,938)
Foreign currency effect on cash, cash equivalents, and restricted cash 72 (397) 18 1,027 155 (223)
Net increase (decrease) in cash, cash equivalents, and restricted cash (22,213) 9,011 (31,392) (11,848) (11,750) (8,213)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $ 58,714 $ 70,464 $ 58,714 $ 70,464 $ 58,714 $ 70,464
v3.26.3
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Net sales $ 201,944 $ 180,169 $ 584,069 $ 503,538
Operating expenses:        
Cost of sales 94,573 88,670 277,814 246,455
Fulfillment 29,997 27,679 86,919 78,248
Technology and infrastructure 34,814 28,962 97,539 79,122
Sales and marketing 11,649 11,686 33,661 32,865
General and administrative 2,701 2,875 8,076 8,468
Other operating expense (income), net 134 2,875 671 3,382
Total operating expenses 173,868 162,747 504,680 448,540
Operating income 28,076 17,422 79,389 54,998
Interest income 1,187 1,100 3,617 3,251
Interest expense (1,691) (538) (3,805) (1,595)
Other income (expense), net (703) 10,186 68,359 14,052
Total non-operating income (expense) (1,207) 10,748 68,171 15,708
Income before income taxes 26,869 28,170 147,560 70,706
Provision for income taxes (6,180) (6,910) (33,939) (14,141)
Equity-method investment activity, net of tax (4) (73) (34) (87)
Net income $ 20,685 $ 21,187 $ 113,587 $ 56,478
Basic earnings per share (in usd per share) $ 1.92 $ 1.98 $ 10.55 $ 5.31
Diluted earnings per share (in usd per share) $ 1.89 $ 1.95 $ 10.42 $ 5.22
Weighted-average shares used in computation of earnings per share:        
Basic (in shares) 10,797 10,674 10,770 10,638
Diluted (in shares) 10,929 10,845 10,903 10,815
Net product sales        
Net sales $ 75,296 $ 74,058 $ 224,202 $ 206,274
Net service sales        
Net sales $ 126,648 $ 106,111 $ 359,867 $ 297,264
v3.26.3
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Statement of Comprehensive Income [Abstract]        
Net income $ 20,685 $ 21,187 $ 113,587 $ 56,478
Other comprehensive income (loss):        
Foreign currency translation adjustments, net of tax of $27, $141, $(181), and $62 (107) (690) (1,670) 4,159
Unrealized gains (losses) on net investment hedging instruments, net of tax of $0, $(37), $0, and $(82) 119 0 263 0
Available-for-sale debt securities:        
Change in net unrealized gains (losses), net of tax of $(3,797), $(12,233), $(3,820), and $(26,268) 35,974 12,397 78,788 12,474
Less: reclassification adjustments for losses (gains) included in “Other income (expense), net,” net of tax of $512, $(1), $1,326, and $1,141 4 (1,795) (3,333) (4,266)
Net change 35,978 10,602 75,455 8,208
Other, net of tax of $0, $0, $0, and $(1) 1 1 0 0
Total other comprehensive income (loss) 35,991 9,913 74,048 12,367
Comprehensive income $ 56,676 $ 31,100 $ 187,635 $ 68,845
v3.26.3
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Statement of Comprehensive Income [Abstract]        
Foreign currency translation adjustments, tax $ 141 $ 27 $ 62 $ (181)
Unrealized gains (losses) on net investment hedging instruments, tax (37) 0 (82) 0
Unrealized gains (losses), tax (12,233) (3,797) (26,268) (3,820)
Reclassification adjustment for losses (gains) included in “Other income (expense), net" (1) 512 1,141 1,326
Other comprehensive income, other, tax $ 0 $ 0 $ (1) $ 0
v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 55,783 $ 86,810
Marketable securities 58,443 36,219
Inventories 42,632 38,325
Accounts receivable, net and other 98,242 67,729
Total current assets 255,100 229,083
Property and equipment, net 508,862 357,025
Operating leases 96,910 86,054
Goodwill 23,743 23,273
Other assets 358,775 122,607
Total assets 1,243,390 818,042
Current liabilities:    
Accounts payable 158,715 121,909
Accrued expenses and other 77,559 75,520
Unearned revenue 21,708 20,576
Total current liabilities 257,982 218,005
Long-term lease liabilities 98,824 87,339
Long-term debt 173,125 65,648
Other long-term liabilities 99,858 35,985
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding) 0 0
Common stock ($0.01 par value; 100,000 shares authorized; 11,246 and 11,326 shares issued; 10,731 and 10,811 shares outstanding) 113 112
Treasury stock, at cost (7,837) (7,837)
Additional paid-in capital 154,924 140,024
Accumulated other comprehensive income (loss) 102,278 28,230
Retained earnings 364,123 250,536
Total stockholders’ equity 613,601 411,065
Total liabilities and stockholders’ equity $ 1,243,390 $ 818,042
v3.26.3
Consolidated Balance Sheets (Parenthetical) - $ / shares
Sep. 30, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 500,000,000 500,000,000
Preferred stock, issued (in shares) 0 0
Preferred stock, outstanding (in shares) 0 0
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, authorized (in shares) 100,000,000,000 100,000,000,000
Common stock, issued (in shares) 11,326,000,000 11,246,000,000
Common stock, outstanding (in shares) 10,811,000,000 10,731,000,000
v3.26.3
Accounting Policies and Supplemental Disclosures
 9 Months Ended
Sep. 30, 2026
Accounting Policies [Abstract]  
Accounting Policies and Supplemental Disclosures ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES
Unaudited Interim Financial Information
We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2026 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2025 Annual Report on Form 10-K.
Principles of Consolidation
The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest (“VIEs”) and of which we are the primary beneficiary, including certain entities in India and certain entities that support our healthcare services and production and distribution of video content. We are the primary beneficiary if we have the power to direct the activities of the VIE and absorb the losses or benefits that would be significant to the VIE. Intercompany balances and transactions between consolidated entities are eliminated.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, collectability of receivables, commitments and contingencies, impairment of property and equipment and operating leases, income taxes, inventory valuation, self-insurance liabilities, stock-based compensation forfeiture rates, the determination of when to capitalize certain costs relating to new products or service offerings, useful lives of equipment, valuation and impairment of investments, valuation of acquired intangibles and goodwill, valuation of derivative instruments, vendor funding, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates. We review the useful lives of equipment on an ongoing basis.
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,		Twelve Months Ended
September 30,
202520262025202620252026
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$249 $1,172 $1,008 $2,182 $1,651 $2,632 
Cash paid for operating leases4,155 4,602 11,475 12,406 14,700 15,969 
Cash paid for interest on finance leases76 116 219 303 289 379 
Cash paid for interest on financing obligations52 89 159 215 217 252 
Cash paid for income taxes, net of refunds1,136 1,315 6,774 5,293 10,920 6,814 
Assets acquired under operating leases5,057 7,407 13,999 21,316 18,188 27,247 
Property and equipment acquired under finance leases, net of remeasurements and modifications977 1,472 1,968 3,600 2,413 4,543 
Increase (decrease) in property and equipment acquired but not yet paid3,341 853 4,849 21,473 7,095 26,779 
Earnings Per Share
Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.
The following table shows the calculation of diluted shares (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Shares used in computation of basic earnings per share10,674 10,797 10,638 10,770 
Total dilutive effect of outstanding stock awards171 132 177 133 
Shares used in computation of diluted earnings per share10,845 10,929 10,815 10,903 
Other Income (Expense), Net
Other income (expense), net is as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Marketable equity securities valuation gains (losses), net$220 $(653)$470 $(223)
Equity warrant valuation gains (losses), net441 (271)653 780 
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net 2,307 (5)5,592 4,474 
Upward adjustments relating to equity investments in private companies7,226 39 7,312 62,853 
Foreign currency gains (losses), net1 186 69 573 
Other, net(9)1 (44)(98)
Total other income (expense), net$10,186 $(703)$14,052 $68,359 
The reclassification adjustments for the gains on available-for-sale debt securities of $2.3 billion in Q3 2025, and $5.6 billion and $4.5 billion for the nine months ended September 30, 2025 and 2026 are primarily from the portions of our convertible notes investments in Anthropic, PBC (“Anthropic”) that were converted to nonvoting preferred stock during Q3 2025 and the nine months ended September 30, 2025 and 2026. The upward adjustments relating to equity investments in private companies of $7.2 billion in Q3 2025, and $7.3 billion and $62.9 billion for the nine months ended September 30, 2025 and 2026 reflect observable changes in prices, primarily from our nonvoting preferred stock in Anthropic.
Derivatives and Hedging
Energy Contracts — We enter into energy contracts to secure electricity supply for our existing and future operations, some of which extend 20 years. We may make or receive net cash payments, rather than take delivery of electricity, when our consumption is less than committed quantities due to operational variability. Because we may make or receive net cash payments, these contracts are derivative instruments. These contracts are not traded on exchanges or transacted in secondary markets and are not used for trading or speculative purposes.
Derivative instruments are measured at fair value each reporting period. Fair value measurements are based on valuation methods using both common factors like electricity futures prices where there are more liquid trading volumes generally for remaining contractual periods up to four to six years, forward capacity auctions, and risk-free interest rates, and a number of management assumptions for remaining contractual periods greater than four to six years where there is significantly less or no trading data such as long-dated forward commodity prices and implied volatility curves, and credit adjustments. The extent of management judgment is significant (Level 3).
Fair value measurements will not impact cash flows but may be material to our statements of operations and balance sheet due to the duration of these contracts and volatility inherent in valuation methods. Generally, we can terminate our contracts by paying cash in the form of fixed penalties, such as reimbursing the counterparty for the costs of new construction incurred. Termination penalties are generally not based on fair value measurements.
As of September 30, 2026, the energy contract quantities subject to derivative accounting fair value measurements were approximately 690 million megawatt-hours and the weighted-average remaining duration of these contracts is approximately 18 years, with the majority of these megawatt-hours to be delivered beyond the next ten years. The impact of these fair value measurements on our consolidated statements of operations was not significant in Q3 2025 and for the nine months ended September 30, 2025, and resulted in net unrealized gains of $91 million in Q3 2026 and $690 million for the nine months ended September 30, 2026, recorded within “Technology and infrastructure” and primarily impacting our AWS segment.
Changes in fair value measurements will create unrealized gains and losses recorded within operating expenses on our statements of operations with corresponding assets (unrealized gains) and liabilities (unrealized losses) recorded on our balance sheet within “Other assets” and “Other long-term liabilities.” As of December 31, 2025 and September 30, 2026, we had recorded assets of $112 million and $785 million, and liabilities of $139 million and $122 million.
Certain of our energy contracts are subject to regulatory approval and are exempt from derivative guidance until the approval is obtained. If possible, we may elect the normal purchases and normal sales (NPNS) scope exemption from derivative guidance for energy contracts where we expect to consume substantially all committed quantities. A contract that no longer meets the NPNS exemption must be measured at fair value with immediate recognition in our financial statements.
Net Investment Hedges — Our foreign currency-denominated unsecured senior notes create exposure to changes in foreign exchange rates. As of September 30, 2026, we have designated approximately $21.9 billion of our Euro-, Canadian Dollar-, and Sterling-denominated Notes as net investment hedges to mitigate foreign currency exposures related to the translation of our investments in foreign operations to U.S. dollars. Foreign currency unrealized gains and losses on these notes are included in “Accumulated other comprehensive income (loss),” a separate component of stockholders’ equity, until the foreign operations are sold or substantially liquidated, at which point these amounts and any translation adjustment of the foreign operations are reclassified to our consolidated statements of operations.
Inventories
Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $3.3 billion and $3.0 billion as of December 31, 2025 and September 30, 2026.
Accounts Receivable, Net and Other
Included in “Accounts receivable, net and other” on our consolidated balance sheets are receivables primarily related to customers, vendors, and prepaid expenses and other current assets. As of December 31, 2025 and September 30, 2026, customer receivables, net, were $40.4 billion and $52.6 billion, vendor receivables, net, were $15.9 billion and $28.8 billion, and other receivables, net, were $4.5 billion and $9.3 billion. Prepaid expenses and other current assets, which include amounts related to satellite network launch services deposits, were $6.9 billion and $7.5 billion as of December 31, 2025 and September 30, 2026. We currently expense satellite network launch services deposits upon launch to “Technology and infrastructure.”
We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $2.4 billion and $2.8 billion as of December 31, 2025 and September 30, 2026.
Digital Video and Music Content
Included in “Other assets” on our consolidated balance sheets are the total capitalized costs of video, which is primarily released content, and music, which as of December 31, 2025 and September 30, 2026 were $21.3 billion and $22.5 billion. Total video and music expense was $5.5 billion and $5.9 billion in Q3 2025 and Q3 2026, and $15.7 billion and $18.8 billion for the nine months ended September 30, 2025 and 2026.
Unearned Revenue
Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2025 was $25.0 billion, of which $18.1 billion was recognized as revenue during the nine months ended September 30, 2026. Included in “Other long-term liabilities” on our consolidated balance sheets was $4.4 billion and $6.5 billion of unearned revenue as of December 31, 2025 and September 30, 2026.
Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that we expect to fulfill but have not yet been recognized in our financial statements. For contracts
with original terms that exceed one year, those commitments not yet recognized were estimated to be approximately $578 billion as of September 30, 2026. The weighted-average remaining life of our long-term contracts is 6.1 years. The amount and timing of revenue recognition will be driven by customer usage and our performance in accordance with contractual obligations, which can extend beyond the original contractual duration and commitment.
In Q1 2026, AWS and OpenAI Group PBC (“OpenAI”) announced an expansion of the existing $38.0 billion multi-year commitment and commercial arrangement with OpenAI by $100.0 billion over 8.0 years, which includes contractual obligations related to the performance of AWS chips.
In Q2 2026, AWS and Anthropic announced an expansion of the strategic collaboration and existing multi-year commitment by more than $100.0 billion over 10.0 years, which includes contractual obligations related to the performance of AWS chips.
Accounting Pronouncements Not Yet Adopted
In November 2024, the FASB issued an ASU amending existing income statement disclosure guidance, primarily requiring more detailed disclosure for expenses. The ASU is effective for annual reporting periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The amendments can be applied on either a prospective or retroactive basis. We are currently evaluating the ASU to determine its impact on our disclosures.
v3.26.3
Financial Instruments
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Financial Instruments FINANCIAL INSTRUMENTS
Cash, Cash Equivalents, Restricted Cash, and Marketable Securities
As of December 31, 2025 and September 30, 2026, our cash, cash equivalents, restricted cash, and marketable securities primarily consisted of cash, AAA-rated money market funds, U.S. government and agency securities, other investment grade securities, and marketable equity securities. Cash equivalents and marketable securities are recorded at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value:
Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.
Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for identical unrestricted assets in active markets, similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.
We measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or liabilities. Other marketable securities were valued either based on recent trades of unrestricted securities in active markets, securities in inactive markets, or quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data.
The following table summarizes, by major investment type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):
December 31, 2025September 30, 2026
  
Total
Estimated
Fair Value		Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash and time deposits$16,145 $15,320 $— $— $15,320 
Level 1:
Money market funds29,777 20,882 — — 20,882 
Equity securities (1)3,687 4,073 
Level 2:
U.S. government and agency securities5,222 7,679 — (45)7,634 
Corporate debt securities69,585 67,703 2 (119)67,586 
Asset-backed securities1,780 1,636 — (18)1,618 
Other financial instruments129 21 1 (1)21 
Equity securities (1)$— $23 
$126,325 $113,241 $3 $(183)$117,157 
Less: Restricted cash, cash equivalents, and marketable securities (2)(3,296)(2,931)
Total cash, cash equivalents, and marketable securities$123,029 $114,226 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $153 million and $(648) million in Q3 2025 and Q3 2026, and $341 million and $(194) million for the nine months ended September 30, 2025 and 2026.
(2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable debt securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, standby and trade letters of credit, and licenses of digital media content. We classify cash, cash equivalents, and marketable debt securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.”
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of September 30, 2026 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$88,196 $88,177 
Due after one year through five years8,437 8,306 
Due after five years through ten years405 404 
Due after ten years883 854 
Total$97,921 $97,741 
Actual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions.
Non-Marketable Investments
Anthropic — From Q3 2023 to Q4 2025, we invested $8.0 billion in convertible notes from Anthropic, which are classified as available-for-sale and reported at fair value with unrealized gains and losses included in “Accumulated other comprehensive income (loss)” and as Level 3 assets. In making these estimates, we utilized valuation methods based on information available, including the rights and obligations of the convertible notes, other outstanding classes of securities, observable transactions such as new securities offerings, estimates of expected time to and type of liquidity events and anticipated securities offerings, and discounts for lack of marketability. The convertible notes are subject to our 12% ownership cap, which may be waived at our election.
In Q1 2025 and Q1 2026, a portion of the then-outstanding notes was converted to nonvoting preferred stock. The investments in nonvoting preferred stock are initially recorded at their estimated fair value at the time of each conversion and are accounted for as a component of our equity investments in private companies not accounted for under the equity-method, with future adjustments for observable changes in prices or impairments representing Level 3 fair value measurements
recognized in “Other income (expense), net” on our consolidated statements of operations. In Q3 2025, an additional portion of our notes was converted to nonvoting preferred stock. As a result of these conversions, a portion of the unrealized gain associated with the notes included in “Accumulated other comprehensive income (loss)” was reclassified and gains of approximately $2.3 billion in Q3 2025, and $5.6 billion and $4.5 billion for the nine months ended September 30, 2025 and 2026 were recorded in “Other income (expense), net.”
In Q2 2026, we invested $5.0 billion in Anthropic Series G nonvoting preferred stock. We also amended our commercial arrangement primarily for the provision of AWS cloud services, which includes contractual obligations related to the performance of AWS chips. Additionally, we entered into a financing arrangement to make available to Anthropic an aggregate facility not to exceed $20.0 billion that will expire 30 months after an Anthropic liquidity event, including an initial public offering (“IPO”). At inception, there is no amount available to be drawn against and as we reach certain delivery milestones of compute capacity under the amended commercial arrangement, amounts under this facility are made available for Anthropic to draw upon at its discretion. Draws against the facility will be in the form of new Anthropic convertible notes or, after an IPO or other liquidity event and subject to our ownership cap, Anthropic common stock, which will be issued to us in exchange for cash. Under this financing arrangement, in Q2 2026, we exercised our option to participate in subsequent Anthropic equity financings by investing $5.0 billion in Anthropic Series H nonvoting preferred stock, which reduced the amount available under the facility to $15.0 billion.
We recorded upward adjustments of approximately $7.2 billion in Q3 2025, and $7.2 billion and $62.8 billion for the nine months ended September 30, 2025 and 2026 to our nonvoting preferred stock in “Other income (expense), net” to reflect observable changes in price related to Anthropic’s fundings. In making these Level 3 fair value measurements, we utilized valuation methods based on information available, including the rights and obligations of the nonvoting preferred stock, other outstanding classes of securities, estimates of expected time to and type of liquidity events and anticipated securities offerings, and discounts for lack of marketability.
As of December 31, 2025 and September 30, 2026, the amounts recorded on our consolidated balance sheets for nonvoting preferred stock were approximately $14.8 billion and $92.5 billion. As of September 30, 2026, we held 164 million shares of Anthropic nonvoting preferred stock. As of December 31, 2025 and September 30, 2026, the estimated fair value of our convertible notes recorded on our consolidated balance sheets was approximately $45.8 billion and $146.2 billion, and the associated unrealized gain included in “Accumulated other comprehensive income (loss)” was $39.5 billion and $140.3 billion. Without giving effect to the ownership cap, the convertible notes we held at September 30, 2026 would convert to approximately 184 million shares of nonvoting preferred stock.
In the event Anthropic consummates an IPO or other liquidity event, then-outstanding notes would be converted to unregistered N-class nonvoting common stock, subject to our ownership cap, and nonvoting preferred stock would be converted to nonvoting common stock. Each share of nonvoting preferred stock held by us is convertible into ten shares of nonvoting common stock. Any then-outstanding notes that are not converted to nonvoting common stock would continue to be convertible to nonvoting common stock, subject to our ownership cap. We expect to be subject to a customary lock-up period following an IPO, and thereafter will remain subject to applicable securities laws restrictions.
OpenAI — In Q1 2026, we and OpenAI entered into (i) a commercial arrangement primarily for the provision of AWS cloud services, which includes the use and performance of AWS chips, and (ii) a joint collaboration agreement pursuant to which certain services using OpenAI models will be made available to the Company and on AWS. We also invested $15.0 billion in Series C Preferred Stock of OpenAI and entered into an equity commitment letter agreement (the “Letter Agreement”), pursuant to which we agreed to purchase additional shares of Series C Preferred Stock (the “Commitment Shares”) with an aggregate purchase price of $35.0 billion (the “Commitment Amount”). In Q2 2026, we invested $13.7 billion of the Commitment Amount in Series C Preferred Stock. In Q3 2026, we invested the remaining $21.3 billion Commitment Amount in shares of Series C Preferred Stock. We account for our $50.0 billion investment in Series C Preferred Stock recorded on our consolidated balance sheet as of September 30, 2026 as a component of our equity investments in private companies not accounted for under the equity-method, with future adjustments for observable changes in prices or impairments representing Level 3 fair value measurements recognized in “Other income (expense), net” on our consolidated statements of operations.
In the event OpenAI consummates an IPO or other liquidity event, then-outstanding Series C Preferred Stock would be converted to common stock. We expect to be subject to a customary lock-up period following an IPO and thereafter will remain subject to applicable securities laws restrictions.
As of December 31, 2025 and September 30, 2026, equity investments in private companies not accounted for under the equity-method, which primarily relate to nonvoting preferred stock in Anthropic and preferred stock in OpenAI, had a carrying value of $16.2 billion and $143.7 billion, with adjustments for observable changes in prices or impairments representing Level 3 fair value measurements recognized in “Other income (expense), net” on our consolidated statements of operations.
As of December 31, 2025 and September 30, 2026, equity investments accounted for under the equity-method of accounting, including investments for which we have elected the fair value option, had a carrying value of $659 million and $395 million.
We hold equity warrants giving us the right to acquire stock of other companies. As of December 31, 2025 and September 30, 2026, these warrants had a fair value of $2.7 billion and $4.3 billion, with gains and losses recognized in “Other income (expense), net” on our consolidated statements of operations. These warrants are classified as Level 2 and 3 assets.
These non-marketable investments are included within “Other assets” on our consolidated balance sheets.
Certain of our investments, including our investments in Anthropic and OpenAI, represent a variable interest in entities that we do not consolidate because we are not the primary beneficiary. Our maximum exposure to loss is generally limited to the current carrying values of these investments and any future funding commitments.
Consolidated Statements of Cash Flows Reconciliation
The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):
December 31, 2025September 30, 2026
Cash and cash equivalents$86,810 $55,783 
Restricted cash included in “Accounts receivable, net and other”
300 363 
Restricted cash included in “Other assets”
2,996 2,568 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$90,106 $58,714 
v3.26.3
Leases
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases LEASES
We have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $55.6 billion and $56.4 billion as of December 31, 2025 and September 30, 2026. Accumulated amortization associated with finance leases was $40.4 billion and $39.5 billion as of December 31, 2025 and September 30, 2026.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2025202620252026
Operating lease cost$3,593 $4,288 $10,259 $12,323 
Finance lease cost:
Amortization of lease assets813 657 2,513 2,082 
Interest on lease liabilities81 114 224 323 
Finance lease cost894 771 2,737 2,405 
Variable lease cost637 716 1,992 2,176 
Total lease cost$5,124 $5,775 $14,988 $16,904 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
December 31, 2025September 30, 2026
Weighted-average remaining lease term – operating leases10.0 years9.9 years
Weighted-average remaining lease term – finance leases12.6 years12.2 years
Weighted-average discount rate – operating leases3.7 %4.0 %
Weighted-average discount rate – finance leases3.4 %3.8 %
Our lease liabilities were as follows (in millions):
December 31, 2025
Operating LeasesFinance LeasesTotal
Gross lease liabilities$106,914 $14,917 $121,831 
Less: imputed interest(17,662)(2,631)(20,293)
Present value of lease liabilities89,252 12,286 101,538 
Less: current portion of lease liabilities(12,655)(1,544)(14,199)
Total long-term lease liabilities$76,597 $10,742 $87,339 
September 30, 2026
Operating LeasesFinance LeasesTotal
Gross lease liabilities$121,492 $17,955 $139,447 
Less: imputed interest(21,204)(3,460)(24,664)
Present value of lease liabilities100,288 14,495 114,783 
Less: current portion of lease liabilities(14,093)(1,866)(15,959)
Total long-term lease liabilities$86,195 $12,629 $98,824 
Leases LEASES
We have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $55.6 billion and $56.4 billion as of December 31, 2025 and September 30, 2026. Accumulated amortization associated with finance leases was $40.4 billion and $39.5 billion as of December 31, 2025 and September 30, 2026.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2025202620252026
Operating lease cost$3,593 $4,288 $10,259 $12,323 
Finance lease cost:
Amortization of lease assets813 657 2,513 2,082 
Interest on lease liabilities81 114 224 323 
Finance lease cost894 771 2,737 2,405 
Variable lease cost637 716 1,992 2,176 
Total lease cost$5,124 $5,775 $14,988 $16,904 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
December 31, 2025September 30, 2026
Weighted-average remaining lease term – operating leases10.0 years9.9 years
Weighted-average remaining lease term – finance leases12.6 years12.2 years
Weighted-average discount rate – operating leases3.7 %4.0 %
Weighted-average discount rate – finance leases3.4 %3.8 %
Our lease liabilities were as follows (in millions):
December 31, 2025
Operating LeasesFinance LeasesTotal
Gross lease liabilities$106,914 $14,917 $121,831 
Less: imputed interest(17,662)(2,631)(20,293)
Present value of lease liabilities89,252 12,286 101,538 
Less: current portion of lease liabilities(12,655)(1,544)(14,199)
Total long-term lease liabilities$76,597 $10,742 $87,339 
September 30, 2026
Operating LeasesFinance LeasesTotal
Gross lease liabilities$121,492 $17,955 $139,447 
Less: imputed interest(21,204)(3,460)(24,664)
Present value of lease liabilities100,288 14,495 114,783 
Less: current portion of lease liabilities(14,093)(1,866)(15,959)
Total long-term lease liabilities$86,195 $12,629 $98,824 
v3.26.3
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
Commitments
The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of September 30, 2026 (in millions): 
Three Months Ended December 31,Year Ended December 31,
20262027202820292030ThereafterTotal
Long-term debt principal and interest$1,413 $16,566 $19,567 $39,185 $12,489 $205,034 $294,254 
Operating lease liabilities5,320 15,889 14,938 13,760 12,213 59,372 121,492 
Finance lease liabilities, including interest730 1,956 2,061 1,824 1,400 9,984 17,955 
Financing obligations, including interest (1)171 739 752 765 778 8,360 11,565 
Leases not yet commenced2,590 12,448 11,477 12,193 11,385 114,829 164,922 
Property and equipment (2)13,955 63,900 25,220 25,400 28,941 2,224 159,640 
Unconditional purchase obligations (3)6,000 10,152 10,209 8,759 8,185 51,454 94,759 
Other commitments (4)1,446 2,692 1,381 1,092 982 11,401 18,994 
Total commitments$31,625 $124,342 $85,605 $102,978 $76,373 $462,658 $883,581 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $358 million and $426 million are recorded within “Accrued expenses and other” and $7.8 billion and $9.3 billion are recorded within “Other long-term liabilities” as of December 31, 2025 and September 30, 2026. The weighted-average remaining term of the financing obligations was 15.0 years and 14.5 years and the weighted-average imputed interest rate was 2.9% and 3.4% as of December 31, 2025 and September 30, 2026.
(2)Includes unconditional purchase obligations related to long-term agreements to acquire property and equipment that are not reflected on the consolidated balance sheets. For agreements with variable pricing terms, we do not estimate the total obligation beyond any minimum pricing as of the reporting date. For certain arrangements that provide us with extended payment terms for up to one year for purchase orders of technology infrastructure assets, amounts outstanding under such purchase orders for assets received are classified as “Accounts payable” on our consolidated balance sheets and are a component of “Increase (decrease) in property and equipment acquired but not yet paid” in “Note 1 — Supplemental Cash Flow Information.” Payments made under these purchase orders are reported as “Purchases of property and equipment” on our consolidated statements of cash flows.
(3)Includes unconditional purchase obligations related to long-term agreements to procure energy, acquire and license digital media content, and license software that are not reflected on the consolidated balance sheets. For those agreements with variable terms or subject to certain regulatory approvals, we do not estimate the total obligation beyond any minimum quantities and/or pricing, or termination penalties, as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified. Energy agreements based on actual generation without a fixed or minimum volume commitment are not included. Certain of our energy agreements also provide the right to receive energy certificates.
(4)Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction. Excludes approximately $7.3 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.
On April 13, 2026, Amazon entered into a definitive merger agreement to acquire Globalstar, Inc. (“Globalstar”), a Delaware corporation, for a mix of cash and stock consideration. Under the terms of the merger agreement, prior to closing, Globalstar stockholders will elect to receive, for each share of Globalstar common stock they own, either (i) $90.00 in cash or (ii) 0.3210 shares of Amazon common stock (with a value capped at $90.00 per share). The value of the total consideration will vary based on the price of shares of Amazon common stock and the elections of Globalstar stockholders. The total consideration is also subject to (i) a proration mechanism that caps aggregate cash elections to a maximum of 40% of total Globalstar shares, and automatically converts excess cash consideration into stock consideration on a pro rata basis and (ii) a downward adjustment of a maximum of $110 million in the event Globalstar does not meet certain operational milestones. As of the date of the merger agreement, the acquisition implied a value for Globalstar of approximately $10.9 billion, including its debt. On the date of the merger agreement, we also entered into agreements with Apple Inc. (“Apple”), Globalstar’s largest customer, to provide certain services after the acquisition and to redeem certain equity interests held by Apple in a Globalstar special purpose entity.
The acquisition is expected to close in 2027, subject to the satisfaction of certain closing conditions, including receipt of regulatory approvals and Globalstar’s achievement of certain satellite replacement milestones.
Other Contingencies
We are disputing claims and denials of refunds or credits, and monitoring or evaluating potential claims, related to various non-income taxes (such as sales, value added, consumption, service, and similar taxes), including in jurisdictions in which we already collect and remit these taxes. These non-income tax controversies typically include (i) the taxability of products and services, including cross-border intercompany transactions, (ii) collection and withholding on transactions with third parties, including as a result of evolving requirements imposed on marketplaces with respect to third-party sellers, and (iii) the adequacy of compliance with reporting obligations, including evolving documentation requirements. Due to the inherent complexity and uncertainty of these matters and the judicial and regulatory processes in certain jurisdictions, the final outcome of any such controversies may be materially different from our expectations.
Legal Proceedings
The Company is involved from time to time in claims, proceedings, and litigation, including the matters described in Item 8 of Part II, “Financial Statements and Supplementary Data — Note 7 — Commitments and Contingencies — Legal Proceedings” of our 2025 Annual Report on Form 10-K and in Item 1 of Part I, “Financial Statements — Note 4 — Commitments and Contingencies — Legal Proceedings” of our Quarterly Reports on Form 10-Q for the periods ended March 31, 2026 and June 30, 2026, as supplemented by the following:
In June 2025, Xockets, Inc. filed two complaints against Amazon.com, Inc. and Amazon Web Services, Inc. in the United States District Court for the Western District of Texas. The complaints allege, among other things, that certain versions of the AWS Nitro System infringe U.S. Patent Nos. 11,080,209; 10,649,924; 11,082,350; 10,223,297; 9,378,161; 9,436,640; and 10,212,092. The complaints seek an unspecified amount of damages, enhanced damages, attorneys’ fees, costs, interest, and injunctive relief. In May 2026, Xockets filed a complaint against Amazon.com, Inc., Amazon Web Services, Inc., Annapurna Labs (U.S.), Inc., NVIDIA Corporation, and Microsoft Corporation at the U.S. International Trade Commission alleging, among other things, that EC2 P6e-GB200 UltraServers, DGX Cloud with GB200 on AWS, SageMaker HyperPod, and EKS with P6e-GB200 UltraServers infringe U.S. Patent Nos. 10,223,297; 9,378,161; 10,212,092; 9,436,640; and 11,082,350 and seeking injunctive relief. In June 2026, the International Trade Commission instituted an investigation, during which Xockets has also alleged that AWS products with GB300 servers infringe the asserted patents. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.
In August 2026, the Federal Trade Commission and 22 state Attorneys General filed a complaint against Amazon.com, Inc., in the United States District Court for the Western District of Washington and the State of Texas filed a complaint against Amazon.com, Inc., Amazon.com Services LLC, and Amazon Advertising LLC in the District Court for the 471st Judicial District in Collin County, Texas. The complaints allege that Amazon harmed advertisers through, among other things, misrepresentations, omissions, and unfair business practices involving the use of reserve prices in Amazon’s sponsored ad auctions, in violation of the FTC Act and/or state laws. The complaints seek injunctive relief and unspecified amounts of civil penalties, restitution, forfeiture, disgorgement, attorneys’ fees, costs, expenses, and interest. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.
Beginning in December 2024 with Hollis v. Audible, Inc., now pending in the United States District Court for the Western District of Washington, and most recently in June 2026 with Cerutti v. Audible, Inc., now pending in the Ontario Superior Court of Justice in Canada, private litigants have filed two cases alleging, among other things, that Audible’s credit expiration policy violates Washington State and Ontario law. The complaints allege purported nationwide classes of Audible customers who had credits expire pursuant to Audible’s membership policies. The complaints seek certification as class actions, unspecified amounts of damages, injunctive relief, attorneys’ fees, costs, and interest. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.
Beginning in June 2019 with Wilcosky v. Amazon.com, Inc., now pending in the United States District Court for the Northern District of Illinois (“N.D. Ill.”), private litigants have filed a number of cases in U.S. federal and state courts, including Hogan v. Amazon.com, Inc. (N.D. Ill.), alleging, among other things, that Amazon’s collection, storage, use, retention, and protection of biometric identifiers violated the Illinois Biometric Information Privacy Act. The complaints allege purported classes of Illinois residents who had biometric identifiers collected through Amazon products or services, including Amazon’s voice-based AI products and services, Amazon Photos, Alexa, AWS cloud services, AWS Rekognition, Amazon Connect, Amazon’s virtual try-on technology, and Amazon’s Just Walk Out technology. The complaints seek certification as class actions, unspecified amounts of damages, injunctive relief, attorneys’ fees, costs, and interest. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.
Since March 2020, private litigants, state Attorneys General, and the Federal Trade Commission have filed cases in the U.S., Canada, and the United Kingdom alleging, among other things: price fixing arrangements between each of Amazon and its vendors and Amazon and its third-party sellers; abuse of dominance, monopolization, and attempted monopolization; and consumer protection and unjust enrichment claims, in violation of federal and state antitrust, state consumer protection, and Canadian and U.K. antitrust laws. The first of these complaints was Frame-Wilson v. Amazon.com, Inc., which was filed in the United States District Court for the Western District of Washington (“W.D. Wash.”). These complaints seek billions of dollars of alleged damages, treble damages, punitive damages, injunctive relief, structural relief, civil penalties, attorneys’ fees, and costs. Some of the private plaintiff cases include allegations of distinct purported classes, including consumers who purchased a product through Amazon’s stores and consumers who purchased a product offered by Amazon through another e-commerce retailer. Some of the cases include allegations that Amazon has a monopoly in markets for online superstores, marketplace services, or intermediation services and that we unlawfully engage in anticompetitive practices relating to our pricing policies, selection of the Featured Offers, use of seller data, advertising practices, the structure of Prime, and promotion of our own products on our website. In the U.S., most of Amazon’s motions to dismiss were granted in part, but in each case, at least some of the claims survived. In Canada, class certification was denied in a case before the Federal Court of Canada, finding that plaintiffs had not stated a viable claim, and plaintiffs’ appeal of that ruling is pending. Three Canadian class actions before other courts are pre-certification. In the United Kingdom, three class actions have been certified. In the U.S., one class action has been certified, and three others are pre-certification. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.
In addition, we are regularly subject to claims, litigation, and other proceedings, including government inquiries and investigations that could lead to the foregoing and potential regulatory proceedings, involving patent and other intellectual property matters, taxes, labor and employment, competition and antitrust, privacy and data protection, consumer protection, commercial disputes, goods and services offered by us and by third parties, and other matters.
The outcomes of our legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and could be material to our operating results and cash flows for a particular period. We evaluate, on a regular basis, developments in our legal proceedings and other contingencies that could affect the amount of liability, including amounts in excess of any previous accruals and reasonably possible losses disclosed, and make adjustments and changes to our accruals and disclosures as appropriate. For the matters we disclose that do not include an estimate of the amount of loss or range of losses, such an estimate is not possible or is immaterial, and we may be unable to estimate the possible loss or range of losses that could potentially result from the application of non-monetary remedies. Until the final resolution of such matters, if any of our estimates and assumptions change or prove to have been incorrect, we may experience losses in excess of the amounts recorded, which could have a material effect on our business, consolidated financial position, results of operations, or cash flows.
See also “Note 7 — Income Taxes.”
v3.26.3
Debt
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Debt DEBT
As of September 30, 2026, our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2025September 30, 2026
2014 Notes issuance of $6.0 billion
2034 - 2044
4.80% - 4.95%
4.93% - 5.12%
2,750 2,750 
2017 Notes issuance of $17.0 billion
2027 - 2057
3.15% - 4.25%
3.25% - 4.33%
12,000 12,000 
2020 Notes issuance of $10.0 billion
2027 - 2060
1.20% - 2.70%
1.26% - 2.77%
7,750 7,750 
2021 Notes issuance of $18.5 billion
2028 - 2061
1.65% - 3.25%
1.70% - 3.31%
15,000 12,250 
April 2022 Notes issuance of $12.8 billion
2027 - 2062
3.30% - 4.10%
3.40% - 4.15%
9,750 9,750 
December 2022 Notes issuance of $8.3 billion
2027 - 2032
4.55% - 4.70%
4.61% - 4.74%
5,750 5,750 
2025 Notes issuance of $15.0 billion
2028 - 2065
3.90% - 5.55%
3.99% - 5.62%
15,000 15,000 
March 2026 Notes issuance of $37.0 billion (2)
2028 - 2076
3.85% - 6.05%
3.96% - 6.12%
— 37,000 
March 2026 Euro-denominated Notes issuance of €14.5 billion (3)
2028 - 2064
2.50% - 4.85%
2.59% - 4.88%
— 16,427 
May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion
2029 - 2051
0.84% - 2.08%
0.90% - 2.10%
— 3,375 
June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion
2029 - 2056
3.40% - 5.00%
3.46% - 5.05%
— 9,834 
July 2026 Notes issuance of $25.0 billion (4)
2029 - 2066
4.20% - 6.25%
4.26% - 6.33%
— 25,000 
September 2026 Sterling-denominated Notes issuance of £4.3 billion
2029 - 2045
5.20% - 6.65%
5.29% - 6.72%
— 5,637 
2026 Term Loan— 17,500 
Other long-term debt836 864 
Total face value of long-term debt68,836 180,887 
Unamortized discount and issuance costs, net(440)(935)
Less: current portion of long-term debt(2,748)(6,827)
Long-term debt$65,648 $173,125 
___________________
(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, December 2022, 2025, March 2026, March 2026 Euro-denominated, May 2026 Swiss franc-denominated, June 2026 Canadian Dollar-denominated, July 2026 Notes, and September 2026 Sterling-denominated Notes were 13.6, 14.7, 17.4, 15.3, 13.0, 3.7, 14.9, 16.2, 9.8, 8.6, 14.5, 14.4, and 9.6 years as of September 30, 2026. The combined weighted-average remaining life of the Notes was 13.9 years as of September 30, 2026.
(2) Includes $2.8 billion of floating rate Notes due in 2028 and 2029. Interest is calculated using the compounded Secured Overnight Financing Rate (“SOFR”) plus 0.44% and 0.59%, respectively, and payable quarterly in arrears.
(3) Includes €1.8 billion of floating rate Notes due in 2028. Interest is calculated using Euro Interbank Offered Rate (“EURIBOR”) plus 0.35%, payable quarterly in arrears.
(4) Includes $750 million of floating rate Notes due in 2029. Interest is calculated using the compounded SOFR plus 0.58%, payable quarterly in arrears.
As of September 30, 2026, we had $162.5 billion of unsecured senior notes outstanding (the “Notes”), including foreign currency-denominated Notes issued for general corporate purposes, the carrying values of which are subject to foreign exchange rate fluctuations. Interest on the Notes is primarily payable semi-annually in arrears except for the fixed rate March 2026 Euro-denominated Notes and May 2026 Swiss franc-denominated Notes for which interest is primarily payable annually in arrears. We may redeem the fixed rate Notes at any time in whole, or from time to time, in part at specified redemption prices, except for the May 2026 Swiss franc-denominated Notes, which we may redeem on or after the applicable par call dates in whole, but not in part. The floating rate Notes are generally not redeemable prior to maturity. We are not subject to any financial covenants under the Notes.
The fair value of the Notes was approximately $61.1 billion and $145.4 billion as of December 31, 2025 and September 30, 2026, which is estimated using Level 2 inputs based on quoted prices for our debt as of those dates.
In June 2026, we entered into a $17.5 billion unsecured delayed single draw term loan with a syndicate of lenders (the “Term Loan”), which we drew on in September 2026. The Term Loan matures in September 2029 and bears interest at the SOFR specified in the Term Loan plus a margin ranging from 0.625% to 0.875% based on our credit ratings. Amounts borrowed and repaid may not be reborrowed. There were $17.5 billion borrowings outstanding under the Term Loan as of September 30, 2026. The carrying value of the Term Loan approximates its fair value, which is estimated using Level 2 inputs.
We enter into supplier financing arrangements that provide for certain purchases of technology infrastructure assets, including a secured loan facility (the “Loan Facility”) providing for borrowings at our discretion, from Q1 2027 through Q3 2028 and subject to variability based on the extent and timing of purchase orders and pricing terms, of up to approximately $80.0 billion, which accrue interest at variable rates and mature five years from the date of each borrowing. We will grant a security interest in certain purchased assets in connection with the Loan Facility. Amounts outstanding for assets purchased under the Loan Facility will be classified as “Long-term debt” on our consolidated balance sheets, and principal payments made will be reported as “Repayments of long-term debt” on our consolidated statements of cash flows.
We have U.S. Dollar and Euro commercial paper programs (the “Commercial Paper Programs”) under which we may from time to time issue unsecured commercial paper up to a total of $30.0 billion (including up to €3.0 billion) at the date of issue, with individual maturities that may vary but will not exceed 397 days from the date of issue. There were no borrowings outstanding under the Commercial Paper Programs as of December 31, 2025 and September 30, 2026. We use the net proceeds from the issuance of commercial paper for general corporate purposes.
As of September 30, 2026, we had an aggregate $20.0 billion in unsecured revolving credit facilities with syndicates of lenders, consisting of a $15.0 billion facility (the “2023 Credit Agreement”) and a $5.0 billion 364-day facility (the “2025 Short-Term Credit Agreement”). The 2023 Credit Agreement had a term that extends to November 2028 and could be extended for one or more additional one-year terms subject to approval by the lenders. The interest rate applicable to outstanding balances under the 2023 Credit Agreement was the applicable benchmark rate specified in the 2023 Credit Agreement plus 0.45%, with a commitment fee of 0.03% on the undrawn portion of the credit facility. The interest rate applicable to outstanding balances under the 2025 Short-Term Credit Agreement was the SOFR specified in the 2025 Short-Term Credit Agreement plus 0.45%, with a commitment fee of 0.03% on the undrawn portion. There were no borrowings outstanding under the 2023 Credit Agreement and the 2025 Short-Term Credit Agreement as of December 31, 2025 and September 30, 2026. In October 2026, we replaced the 2025 Short-Term Credit Agreement with a new $5.0 billion unsecured 364-day revolving credit facility with a syndicate of lenders, which matures in October 2027 and may be extended for one additional period of 364 days subject to approval by the lenders. In October 2026, we also replaced the 2023 Credit Agreement with a new $15.0 billion unsecured revolving credit facility with a syndicate of lenders, which has a term that extends to October 2031 and may be extended for one or more additional one-year terms subject to approval by the lenders.
We also utilize other short-term credit facilities for working capital purposes. There were $455 million and $380 million of borrowings outstanding under these facilities as of December 31, 2025 and September 30, 2026, which were included in “Accrued expenses and other” on our consolidated balance sheets.
Standby letters of credit are guarantees issued by financial institutions on our behalf, which can only be drawn in the event we fail to perform under the underlying obligation, and do not reduce the amount of borrowings available under our credit facilities. As of September 30, 2026, our total standby letter of credit facilities assigned to specific beneficiaries was $21.6 billion, primarily related to our purchase commitments, payment-related services, and workers’ compensation and insurance programs.
v3.26.3
Stockholders' Equity
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Stock Repurchase Activity
In March 2022, the Board of Directors authorized a program to repurchase up to $10.0 billion of our common stock, with no fixed expiration. There were no repurchases of our common stock during the nine months ended September 30, 2025 or 2026. As of September 30, 2026, we have $6.1 billion remaining under the repurchase program.
Stock Award Plans
Employees vest in restricted stock unit awards over the corresponding service term, generally between two and five years. The majority of outstanding restricted stock unit awards are granted at the date of hire or in Q2 as part of the annual compensation review and primarily vest quarterly in the relevant compensation year.
Stock Award Activity
Common shares outstanding plus shares underlying outstanding stock awards totaled 11.0 billion as of December 31, 2025 and September 30, 2026. These totals include all vested and unvested stock awards outstanding, including those awards we estimate will be forfeited. Stock-based compensation expense is as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Cost of sales$197 $170 $595 $549 
Fulfillment685 656 2,062 2,021 
Technology and infrastructure2,697 3,409 8,412 9,396 
Sales and marketing832 762 2,692 2,270 
General and administrative436 409 1,309 1,240 
Total stock-based compensation expense$4,847 $5,406 $15,070 $15,476 
The following table summarizes our restricted stock unit activity for the nine months ended September 30, 2026 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2025222.5 $178 
Units granted112.8 224 
Units vested(79.5)166 
Units forfeited(32.5)186 
Outstanding as of September 30, 2026223.3 204 
Scheduled vesting for outstanding restricted stock units as of September 30, 2026, is as follows (in millions):
Three Months Ended December 31,Year Ended December 31,
20262027202820292030ThereafterTotal
Scheduled vesting — restricted stock units26.1 99.4 62.8 25.2 7.5 2.3 223.3 
As of September 30, 2026, there was $22.3 billion of net unrecognized compensation cost related to unvested stock-based compensation arrangements. This compensation is recognized on an accelerated basis with more than half of the compensation expected to be expensed in the next twelve months, and has a remaining weighted-average recognition period of one year.
Changes in Stockholders’ Equity
The following table shows changes in stockholders’ equity (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Total beginning stockholders’ equity$333,775 $551,620 $285,970 $411,065 
Beginning common stock112 113 111 112 
Stock-based compensation and issuance of employee benefit plan stock— — 1 1 
Ending common stock112 113 112 113 
Beginning and ending treasury stock(7,837)(7,837)(7,837)(7,837)
Beginning additional paid-in capital130,923 149,619 120,864 140,024 
Stock-based compensation and issuance of employee benefit plan stock4,756 5,305 14,815 14,900 
Ending additional paid-in capital135,679 154,924 135,679 154,924 
Beginning accumulated other comprehensive income (loss)2,420 66,287 (34)28,230 
Other comprehensive income (loss)9,913 35,991 12,367 74,048 
Ending accumulated other comprehensive income (loss)12,333 102,278 12,333 102,278 
Beginning retained earnings208,157 343,438 172,866 250,536 
Net income21,187 20,685 56,478 113,587 
Ending retained earnings229,344 364,123 229,344 364,123 
Total ending stockholders’ equity$369,631 $613,601 $369,631 $613,601 
Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in “Accumulated other comprehensive income (loss)” by separate components (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Total beginning accumulated other comprehensive income (loss), net of tax of $(1,179), $(22,402), $(1,762), and $(9,384)
$2,420 $66,287 $(34)$28,230 
Foreign currency translation adjustments:
Beginning balance, net of tax of $84, $19, $292, and $98
(1,325)(3,511)(6,174)(1,948)
Foreign currency translation adjustments, net of tax of $27, $141, $(181), and $62
(690)(107)4,159 (1,670)
Ending balance, net of tax of $111, $160, $111, and $160
(2,015)(3,618)(2,015)(3,618)
Unrealized gains (losses) on net investment hedging instruments:
Beginning balance, net of tax of $0, $(45), $0, and $0
— 144 — — 
Change in net unrealized gains (losses), net of tax of $0, $(37), $0, and $(82)
— 119 — 263 
Ending balance, net of tax of $0, $(82), $0, and $(82)
— 263 — 263 
Unrealized gains (losses) on available-for-sale debt securities:
Beginning balance, net of tax of $(1,263), $(22,374), $(2,054), and $(9,481)
3,745 69,647 6,139 30,170 
Change in net unrealized gains (losses), net of tax of $(3,797), $(12,233), $(3,820), and $(26,268)
12,397 35,974 12,474 78,788 
Reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $512, $(1), $1,326, and $1,141
(1,795)4 (4,266)(3,333)
Ending balance, net of tax of $(4,548), $(34,608), $(4,548), and $(34,608)
14,347 105,625 14,347 105,625 
Other:
Beginning balance, net of tax of $0, $(2), $0, and $(1)
— 7 1 8 
Other, net of tax of $0, $0, $0, and $(1)
1 1 — — 
Ending balance, net of tax of $0, $(2), $0, and $(2)
1 8 1 8 
Total ending accumulated other comprehensive income (loss), net of tax of $(4,437), $(34,532), $(4,437), and $(34,532)
$12,333 $102,278 $12,333 $102,278 
v3.26.3
Income Taxes
 9 Months Ended
Sep. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Our tax provision or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment.
Our quarterly tax provision, and our quarterly estimate of our annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss and the mix of jurisdictions to which they relate, intercompany transactions, the applicability of special tax regimes, changes in how we do business, acquisitions, investments, developments in tax controversies, changes in our stock price, changes in our deferred tax assets and liabilities and their valuation, foreign currency gains (losses), changes in statutes, regulations, case law, and administrative practices, principles, and interpretations related to tax, including changes to the global tax framework, competition, and other laws and accounting rules in various jurisdictions, and relative changes of expenses or losses for which tax benefits are not recognized. Our effective tax rate can be more or less volatile based on the amount of pre-tax income or
loss. For example, the impact of discrete items and non-deductible expenses on our effective tax rate is greater when our pre-tax income is lower. In addition, we record valuation allowances against deferred tax assets when there is uncertainty about our ability to generate future income in relevant jurisdictions.
For 2026, we estimate that our effective tax rate will be adversely affected by state income taxes and favorably impacted by the U.S. federal research and development credit.
Our income tax provision for the nine months ended September 30, 2025 was $14.1 billion, which included $354 million of net discrete tax expense primarily attributable to the upward adjustments to our investments in Anthropic, partially offset by excess tax benefits from stock-based compensation. Our income tax provision for the nine months ended September 30, 2026 was $33.9 billion, which included $15.2 billion of net discrete tax expense primarily attributable to the upward adjustments to our investments in Anthropic.
On February 18, 2026, the IRS issued Notice 2026-7 (the “2026 Notice”), which included guidance on the U.S. tax treatment of previously capitalized domestic research and development costs. We expect the 2026 Notice, which applied retroactively to 2025, to result in a significant decrease of 2024 and 2025 cash taxes paid. Cash paid for income taxes, net of refunds was $1.1 billion and $1.3 billion in Q3 2025 and Q3 2026, and $6.8 billion and $5.3 billion for the nine months ended September 30, 2025 and 2026.
As of December 31, 2025 and September 30, 2026, income tax contingencies were approximately $6.6 billion and $7.3 billion. Changes in tax laws, regulations, administrative practices, principles, and interpretations may impact our tax contingencies. Due to various factors, including the inherent complexities and uncertainties of the judicial, administrative, and regulatory processes in certain jurisdictions, the timing of the resolution of income tax controversies is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ from the amounts accrued. It is reasonably possible that within the next twelve months we will receive additional assessments by various tax authorities or possibly reach resolution of income tax controversies in one or more jurisdictions. These assessments or settlements could result in changes to our contingencies related to positions on prior years’ tax filings.
We are under examination, or may be subject to examination, by the Internal Revenue Service for the calendar year 2016 and thereafter. These examinations may lead to ordinary course adjustments or proposed adjustments to our taxes or our net operating losses with respect to years under examination as well as subsequent periods.
We are also subject to taxation in various states and foreign jurisdictions including Germany, India, Italy, Japan, Luxembourg, and the United Kingdom. We are under, or may be subject to, audit or examination and additional assessments by the relevant authorities in respect of these particular jurisdictions primarily for 2011 and thereafter. We are currently disputing tax assessments in multiple jurisdictions, including with respect to the allocation and characterization of income.
In September 2022, the Luxembourg tax authority (“LTA”) denied the tax basis of certain intangible assets that we distributed from Luxembourg to the U.S. in 2021. When we are assessed by the LTA, we will need to remit taxes related to this matter. We believe the LTA’s position is without merit, we intend to defend ourselves vigorously in this matter, and we expect to recoup taxes paid.
v3.26.3
Segment Information
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
We have organized our operations into three segments: North America, International, and AWS. We allocate to segment results the operating expenses “Fulfillment,” “Technology and infrastructure,” “Sales and marketing,” and “General and administrative” based on usage, which is generally reflected in the segment in which the costs are incurred. The majority of technology costs recorded in “Technology and infrastructure” are incurred in the U.S. and are included in our North America and AWS segments. The majority of infrastructure costs recorded in “Technology and infrastructure” are allocated to the AWS segment based on usage. There are no internal revenue transactions between our reportable segments. Our chief operating decision maker (“CODM”) is our President and Chief Executive Officer. Our CODM regularly reviews consolidated net sales, consolidated operating expenses, and consolidated operating income (loss) by segment. Amounts included in consolidated operating expenses include “Cost of sales,” “Fulfillment,” “Technology and infrastructure,” “Sales and marketing,” “General and administrative,” and “Other operating expense (income), net.” Our CODM manages our business primarily by reviewing consolidated results by segment on a quarterly basis, and using those results along with forecasts and other non-financial information in our annual budgeting process.
North America
The North America segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and advertising and subscription services through North America-focused online and physical stores. This segment includes export sales from these online stores.
International
The International segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and advertising and subscription services through internationally-focused online stores. This segment includes export sales from these internationally-focused online stores (including export sales from these online stores to customers in the U.S., Mexico, and Canada), but excludes export sales from our North America-focused online stores.
AWS
The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions.
Information on reportable segments and reconciliation to consolidated net income is as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
North America
Net sales$106,267 $112,852 $299,222 $333,172 
Operating expenses101,478 104,129 281,075 307,059 
Operating income$4,789 $8,723 $18,147 $26,113 
International
Net sales$40,896 $43,108 $111,170 $125,094 
Operating expenses39,697 41,528 107,460 120,373 
Operating income$1,199 $1,580 $3,710 $4,721 
AWS
Net sales$33,006 $45,984 $93,146 $125,803 
Operating expenses21,572 28,211 60,005 77,248 
Operating income$11,434 $17,773 $33,141 $48,555 
Consolidated
Net sales$180,169 $201,944 $503,538 $584,069 
Operating expenses162,747 173,868 448,540 504,680 
Operating income17,422 28,076 54,998 79,389 
Total non-operating income (expense)10,748 (1,207)15,708 68,171 
Provision for income taxes(6,910)(6,180)(14,141)(33,939)
Equity-method investment activity, net of tax(73)(4)(87)(34)
Net income$21,187 $20,685 $56,478 $113,587 
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):    
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Net Sales:
Online stores (1)$67,407 $68,470 $186,299 $203,156 
Physical stores (2)5,578 5,710 16,706 17,289 
Third-party seller services (3)42,486 46,492 119,346 134,850 
Advertising services (4)17,703 19,637 47,318 56,689 
Subscription services (5)12,574 14,006 36,497 41,163 
AWS33,006 45,984 93,146 125,803 
Other (6)1,415 1,645 4,226 5,119 
Consolidated$180,169 $201,944 $503,538 $584,069 
____________________________
(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”
(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”
(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.
(4)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
(5)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
(6)Includes sales related to various other offerings (such as shipping services, healthcare services, and certain licensing and distribution of video content) and our co-branded credit card agreements.
Total segment assets exclude corporate assets, such as cash and cash equivalents, marketable securities, other long-term investments, corporate facilities, goodwill and other acquired intangible assets, and tax assets. Technology infrastructure assets, which are included in property and equipment, net, net additions, and the depreciation and amortization expense on these assets, are allocated among the segments based on usage, with the majority allocated to the AWS segment. Usage of technology infrastructure assets by the North America and International segments, and the related allocation of total net additions, can fluctuate on a quarter-to-quarter basis, and is affected by seasonality, peak periods, new product or service offerings, and other factors.
Total segment assets reconciled to consolidated amounts are as follows (in millions):
December 31, 2025September 30, 2026
North America (1)$235,652 $260,584 
International (1)81,984 91,016 
AWS (2)252,588 419,594 
Corporate247,818 472,196 
Consolidated$818,042 $1,243,390 
___________________
(1)North America and International segment assets primarily consist of property and equipment, operating leases, inventory, accounts receivable, and digital video and music content.
Property and equipment, net by segment is as follows (in millions):
December 31, 2025September 30, 2026
North America$122,043 $145,087 
International30,632 36,263 
AWS190,055 313,009 
Corporate14,295 14,503 
Consolidated$357,025 $508,862 
Total net additions to property and equipment include technology infrastructure assets and the effect of non-cash activity such as property and equipment acquired but not yet paid.
Total net additions to property and equipment are as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
North America (1)$8,638 $14,530 $25,006 $37,795 
International (1)1,439 6,068 5,476 10,335 
AWS (2)28,301 57,116 64,808 147,236 
Corporate507 548 1,805 1,544 
Consolidated$38,885 $78,262 $97,095 $196,910 
___________________
(1)Includes property and equipment added under finance leases of $432 million and $845 million in Q3 2025 and Q3 2026, and $507 million and $1.3 billion for the nine months ended September 30, 2025 and 2026.
(2)Includes property and equipment added under finance leases of $545 million and $627 million in Q3 2025 and Q3 2026, and $1.5 billion and $2.3 billion for the nine months ended September 30, 2025 and 2026.
Depreciation and amortization expense on property and equipment, including corporate property and equipment, are allocated to all segments based on usage.
Total depreciation and amortization expense, by segment, is as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
North America$4,001 $4,566 $11,273 $13,346 
International1,276 1,346 3,592 3,916 
AWS5,648 9,230 14,882 24,583 
Consolidated$10,925 $15,142 $29,747 $41,845 
v3.26.3
Insider Trading Arrangements
 3 Months Ended
Sep. 30, 2026
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Brian T. Olsavsky [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On August 10, 2026, Brian T. Olsavsky, Senior Vice President and Chief Financial Officer, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 46,827 shares of Amazon.com, Inc. common stock over a period ending on August 20, 2027, subject to certain conditions.
Name Brian T. Olsavsky
Title Senior Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date August 10, 2026
Expiration Date August 20, 2027
Arrangement Duration 375 days
Aggregate Available 46,827
v3.26.3
Accounting Policies and Supplemental Disclosures (Policies)
 9 Months Ended
Sep. 30, 2026
Accounting Policies [Abstract]  
Unaudited Interim Financial Information
Unaudited Interim Financial Information
We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2026 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2025 Annual Report on Form 10-K.
Principles of Consolidation
Principles of Consolidation
The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest (“VIEs”) and of which we are the primary beneficiary, including certain entities in India and certain entities that support our healthcare services and production and distribution of video content. We are the primary beneficiary if we have the power to direct the activities of the VIE and absorb the losses or benefits that would be significant to the VIE. Intercompany balances and transactions between consolidated entities are eliminated.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, collectability of receivables, commitments and contingencies, impairment of property and equipment and operating leases, income taxes, inventory valuation, self-insurance liabilities, stock-based compensation forfeiture rates, the determination of when to capitalize certain costs relating to new products or service offerings, useful lives of equipment, valuation and impairment of investments, valuation of acquired intangibles and goodwill, valuation of derivative instruments, vendor funding, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates. We review the useful lives of equipment on an ongoing basis.
Earnings Per Share
Earnings Per Share
Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.
Derivatives and Hedging
Derivatives and Hedging
Energy Contracts — We enter into energy contracts to secure electricity supply for our existing and future operations, some of which extend 20 years. We may make or receive net cash payments, rather than take delivery of electricity, when our consumption is less than committed quantities due to operational variability. Because we may make or receive net cash payments, these contracts are derivative instruments. These contracts are not traded on exchanges or transacted in secondary markets and are not used for trading or speculative purposes.
Derivative instruments are measured at fair value each reporting period. Fair value measurements are based on valuation methods using both common factors like electricity futures prices where there are more liquid trading volumes generally for remaining contractual periods up to four to six years, forward capacity auctions, and risk-free interest rates, and a number of management assumptions for remaining contractual periods greater than four to six years where there is significantly less or no trading data such as long-dated forward commodity prices and implied volatility curves, and credit adjustments. The extent of management judgment is significant (Level 3).
Fair value measurements will not impact cash flows but may be material to our statements of operations and balance sheet due to the duration of these contracts and volatility inherent in valuation methods. Generally, we can terminate our contracts by paying cash in the form of fixed penalties, such as reimbursing the counterparty for the costs of new construction incurred. Termination penalties are generally not based on fair value measurements.
As of September 30, 2026, the energy contract quantities subject to derivative accounting fair value measurements were approximately 690 million megawatt-hours and the weighted-average remaining duration of these contracts is approximately 18 years, with the majority of these megawatt-hours to be delivered beyond the next ten years. The impact of these fair value measurements on our consolidated statements of operations was not significant in Q3 2025 and for the nine months ended September 30, 2025, and resulted in net unrealized gains of $91 million in Q3 2026 and $690 million for the nine months ended September 30, 2026, recorded within “Technology and infrastructure” and primarily impacting our AWS segment.
Changes in fair value measurements will create unrealized gains and losses recorded within operating expenses on our statements of operations with corresponding assets (unrealized gains) and liabilities (unrealized losses) recorded on our balance sheet within “Other assets” and “Other long-term liabilities.” As of December 31, 2025 and September 30, 2026, we had recorded assets of $112 million and $785 million, and liabilities of $139 million and $122 million.
Certain of our energy contracts are subject to regulatory approval and are exempt from derivative guidance until the approval is obtained. If possible, we may elect the normal purchases and normal sales (NPNS) scope exemption from derivative guidance for energy contracts where we expect to consume substantially all committed quantities. A contract that no longer meets the NPNS exemption must be measured at fair value with immediate recognition in our financial statements.
Net Investment Hedges — Our foreign currency-denominated unsecured senior notes create exposure to changes in foreign exchange rates. As of September 30, 2026, we have designated approximately $21.9 billion of our Euro-, Canadian Dollar-, and Sterling-denominated Notes as net investment hedges to mitigate foreign currency exposures related to the translation of our investments in foreign operations to U.S. dollars. Foreign currency unrealized gains and losses on these notes are included in “Accumulated other comprehensive income (loss),” a separate component of stockholders’ equity, until the foreign operations are sold or substantially liquidated, at which point these amounts and any translation adjustment of the foreign operations are reclassified to our consolidated statements of operations.
Inventories
Inventories
Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $3.3 billion and $3.0 billion as of December 31, 2025 and September 30, 2026.
Accounts Receivable, Net and Other
Accounts Receivable, Net and Other
Included in “Accounts receivable, net and other” on our consolidated balance sheets are receivables primarily related to customers, vendors, and prepaid expenses and other current assets. As of December 31, 2025 and September 30, 2026, customer receivables, net, were $40.4 billion and $52.6 billion, vendor receivables, net, were $15.9 billion and $28.8 billion, and other receivables, net, were $4.5 billion and $9.3 billion. Prepaid expenses and other current assets, which include amounts related to satellite network launch services deposits, were $6.9 billion and $7.5 billion as of December 31, 2025 and September 30, 2026. We currently expense satellite network launch services deposits upon launch to “Technology and infrastructure.”
We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $2.4 billion and $2.8 billion as of December 31, 2025 and September 30, 2026.
Digital Video and Music Content
Digital Video and Music Content
Included in “Other assets” on our consolidated balance sheets are the total capitalized costs of video, which is primarily released content, and music, which as of December 31, 2025 and September 30, 2026 were $21.3 billion and $22.5 billion. Total video and music expense was $5.5 billion and $5.9 billion in Q3 2025 and Q3 2026, and $15.7 billion and $18.8 billion for the nine months ended September 30, 2025 and 2026.
Unearned Revenue
Unearned Revenue
Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2025 was $25.0 billion, of which $18.1 billion was recognized as revenue during the nine months ended September 30, 2026. Included in “Other long-term liabilities” on our consolidated balance sheets was $4.4 billion and $6.5 billion of unearned revenue as of December 31, 2025 and September 30, 2026.
Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that we expect to fulfill but have not yet been recognized in our financial statements. For contracts
with original terms that exceed one year, those commitments not yet recognized were estimated to be approximately $578 billion as of September 30, 2026. The weighted-average remaining life of our long-term contracts is 6.1 years. The amount and timing of revenue recognition will be driven by customer usage and our performance in accordance with contractual obligations, which can extend beyond the original contractual duration and commitment.
Accounting Pronouncements Not Yet Adopted
Accounting Pronouncements Not Yet Adopted
In November 2024, the FASB issued an ASU amending existing income statement disclosure guidance, primarily requiring more detailed disclosure for expenses. The ASU is effective for annual reporting periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The amendments can be applied on either a prospective or retroactive basis. We are currently evaluating the ASU to determine its impact on our disclosures.
v3.26.3
Accounting Policies and Supplemental Disclosures (Tables)
 9 Months Ended
Sep. 30, 2026
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,		Twelve Months Ended
September 30,
202520262025202620252026
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$249 $1,172 $1,008 $2,182 $1,651 $2,632 
Cash paid for operating leases4,155 4,602 11,475 12,406 14,700 15,969 
Cash paid for interest on finance leases76 116 219 303 289 379 
Cash paid for interest on financing obligations52 89 159 215 217 252 
Cash paid for income taxes, net of refunds1,136 1,315 6,774 5,293 10,920 6,814 
Assets acquired under operating leases5,057 7,407 13,999 21,316 18,188 27,247 
Property and equipment acquired under finance leases, net of remeasurements and modifications977 1,472 1,968 3,600 2,413 4,543 
Increase (decrease) in property and equipment acquired but not yet paid3,341 853 4,849 21,473 7,095 26,779 
Calculation of Diluted Shares
The following table shows the calculation of diluted shares (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Shares used in computation of basic earnings per share10,674 10,797 10,638 10,770 
Total dilutive effect of outstanding stock awards171 132 177 133 
Shares used in computation of diluted earnings per share10,845 10,929 10,815 10,903 
Other Income (Expense), Net
Other income (expense), net is as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Marketable equity securities valuation gains (losses), net$220 $(653)$470 $(223)
Equity warrant valuation gains (losses), net441 (271)653 780 
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net 2,307 (5)5,592 4,474 
Upward adjustments relating to equity investments in private companies7,226 39 7,312 62,853 
Foreign currency gains (losses), net1 186 69 573 
Other, net(9)1 (44)(98)
Total other income (expense), net$10,186 $(703)$14,052 $68,359 
v3.26.3
Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Fair Value by Major Security Type
The following table summarizes, by major investment type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):
December 31, 2025September 30, 2026
  
Total
Estimated
Fair Value		Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash and time deposits$16,145 $15,320 $— $— $15,320 
Level 1:
Money market funds29,777 20,882 — — 20,882 
Equity securities (1)3,687 4,073 
Level 2:
U.S. government and agency securities5,222 7,679 — (45)7,634 
Corporate debt securities69,585 67,703 2 (119)67,586 
Asset-backed securities1,780 1,636 — (18)1,618 
Other financial instruments129 21 1 (1)21 
Equity securities (1)$— $23 
$126,325 $113,241 $3 $(183)$117,157 
Less: Restricted cash, cash equivalents, and marketable securities (2)(3,296)(2,931)
Total cash, cash equivalents, and marketable securities$123,029 $114,226 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $153 million and $(648) million in Q3 2025 and Q3 2026, and $341 million and $(194) million for the nine months ended September 30, 2025 and 2026.
(2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable debt securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, standby and trade letters of credit, and licenses of digital media content. We classify cash, cash equivalents, and marketable debt securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.”
Investments Classified by Contractual Maturity Date
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of September 30, 2026 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$88,196 $88,177 
Due after one year through five years8,437 8,306 
Due after five years through ten years405 404 
Due after ten years883 854 
Total$97,921 $97,741 
Consolidated Statements of Cash Flow Reconciliation - Cash and Cash Equivalents
The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):
December 31, 2025September 30, 2026
Cash and cash equivalents$86,810 $55,783 
Restricted cash included in “Accounts receivable, net and other”
300 363 
Restricted cash included in “Other assets”
2,996 2,568 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$90,106 $58,714 
Consolidated Statements of Cash Flow Reconciliation - Restricted Cash
The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):
December 31, 2025September 30, 2026
Cash and cash equivalents$86,810 $55,783 
Restricted cash included in “Accounts receivable, net and other”
300 363 
Restricted cash included in “Other assets”
2,996 2,568 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$90,106 $58,714 
v3.26.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Lease Cost
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2025202620252026
Operating lease cost$3,593 $4,288 $10,259 $12,323 
Finance lease cost:
Amortization of lease assets813 657 2,513 2,082 
Interest on lease liabilities81 114 224 323 
Finance lease cost894 771 2,737 2,405 
Variable lease cost637 716 1,992 2,176 
Total lease cost$5,124 $5,775 $14,988 $16,904 
Other Information about Lease Amounts Recognized
Other information about lease amounts recognized in our consolidated financial statements is as follows:
December 31, 2025September 30, 2026
Weighted-average remaining lease term – operating leases10.0 years9.9 years
Weighted-average remaining lease term – finance leases12.6 years12.2 years
Weighted-average discount rate – operating leases3.7 %4.0 %
Weighted-average discount rate – finance leases3.4 %3.8 %
Lease Liabilities
Our lease liabilities were as follows (in millions):
December 31, 2025
Operating LeasesFinance LeasesTotal
Gross lease liabilities$106,914 $14,917 $121,831 
Less: imputed interest(17,662)(2,631)(20,293)
Present value of lease liabilities89,252 12,286 101,538 
Less: current portion of lease liabilities(12,655)(1,544)(14,199)
Total long-term lease liabilities$76,597 $10,742 $87,339 
September 30, 2026
Operating LeasesFinance LeasesTotal
Gross lease liabilities$121,492 $17,955 $139,447 
Less: imputed interest(21,204)(3,460)(24,664)
Present value of lease liabilities100,288 14,495 114,783 
Less: current portion of lease liabilities(14,093)(1,866)(15,959)
Total long-term lease liabilities$86,195 $12,629 $98,824 
v3.26.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Principal Contractual Commitments, Excluding Open Orders for Purchases
The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of September 30, 2026 (in millions): 
Three Months Ended December 31,Year Ended December 31,
20262027202820292030ThereafterTotal
Long-term debt principal and interest$1,413 $16,566 $19,567 $39,185 $12,489 $205,034 $294,254 
Operating lease liabilities5,320 15,889 14,938 13,760 12,213 59,372 121,492 
Finance lease liabilities, including interest730 1,956 2,061 1,824 1,400 9,984 17,955 
Financing obligations, including interest (1)171 739 752 765 778 8,360 11,565 
Leases not yet commenced2,590 12,448 11,477 12,193 11,385 114,829 164,922 
Property and equipment (2)13,955 63,900 25,220 25,400 28,941 2,224 159,640 
Unconditional purchase obligations (3)6,000 10,152 10,209 8,759 8,185 51,454 94,759 
Other commitments (4)1,446 2,692 1,381 1,092 982 11,401 18,994 
Total commitments$31,625 $124,342 $85,605 $102,978 $76,373 $462,658 $883,581 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $358 million and $426 million are recorded within “Accrued expenses and other” and $7.8 billion and $9.3 billion are recorded within “Other long-term liabilities” as of December 31, 2025 and September 30, 2026. The weighted-average remaining term of the financing obligations was 15.0 years and 14.5 years and the weighted-average imputed interest rate was 2.9% and 3.4% as of December 31, 2025 and September 30, 2026.
(2)Includes unconditional purchase obligations related to long-term agreements to acquire property and equipment that are not reflected on the consolidated balance sheets. For agreements with variable pricing terms, we do not estimate the total obligation beyond any minimum pricing as of the reporting date. For certain arrangements that provide us with extended payment terms for up to one year for purchase orders of technology infrastructure assets, amounts outstanding under such purchase orders for assets received are classified as “Accounts payable” on our consolidated balance sheets and are a component of “Increase (decrease) in property and equipment acquired but not yet paid” in “Note 1 — Supplemental Cash Flow Information.” Payments made under these purchase orders are reported as “Purchases of property and equipment” on our consolidated statements of cash flows.
(3)Includes unconditional purchase obligations related to long-term agreements to procure energy, acquire and license digital media content, and license software that are not reflected on the consolidated balance sheets. For those agreements with variable terms or subject to certain regulatory approvals, we do not estimate the total obligation beyond any minimum quantities and/or pricing, or termination penalties, as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified. Energy agreements based on actual generation without a fixed or minimum volume commitment are not included. Certain of our energy agreements also provide the right to receive energy certificates.
(4)Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction. Excludes approximately $7.3 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.
v3.26.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Long-Term Debt Obligations
As of September 30, 2026, our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2025September 30, 2026
2014 Notes issuance of $6.0 billion
2034 - 2044
4.80% - 4.95%
4.93% - 5.12%
2,750 2,750 
2017 Notes issuance of $17.0 billion
2027 - 2057
3.15% - 4.25%
3.25% - 4.33%
12,000 12,000 
2020 Notes issuance of $10.0 billion
2027 - 2060
1.20% - 2.70%
1.26% - 2.77%
7,750 7,750 
2021 Notes issuance of $18.5 billion
2028 - 2061
1.65% - 3.25%
1.70% - 3.31%
15,000 12,250 
April 2022 Notes issuance of $12.8 billion
2027 - 2062
3.30% - 4.10%
3.40% - 4.15%
9,750 9,750 
December 2022 Notes issuance of $8.3 billion
2027 - 2032
4.55% - 4.70%
4.61% - 4.74%
5,750 5,750 
2025 Notes issuance of $15.0 billion
2028 - 2065
3.90% - 5.55%
3.99% - 5.62%
15,000 15,000 
March 2026 Notes issuance of $37.0 billion (2)
2028 - 2076
3.85% - 6.05%
3.96% - 6.12%
— 37,000 
March 2026 Euro-denominated Notes issuance of €14.5 billion (3)
2028 - 2064
2.50% - 4.85%
2.59% - 4.88%
— 16,427 
May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion
2029 - 2051
0.84% - 2.08%
0.90% - 2.10%
— 3,375 
June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion
2029 - 2056
3.40% - 5.00%
3.46% - 5.05%
— 9,834 
July 2026 Notes issuance of $25.0 billion (4)
2029 - 2066
4.20% - 6.25%
4.26% - 6.33%
— 25,000 
September 2026 Sterling-denominated Notes issuance of £4.3 billion
2029 - 2045
5.20% - 6.65%
5.29% - 6.72%
— 5,637 
2026 Term Loan— 17,500 
Other long-term debt836 864 
Total face value of long-term debt68,836 180,887 
Unamortized discount and issuance costs, net(440)(935)
Less: current portion of long-term debt(2,748)(6,827)
Long-term debt$65,648 $173,125 
___________________
(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, December 2022, 2025, March 2026, March 2026 Euro-denominated, May 2026 Swiss franc-denominated, June 2026 Canadian Dollar-denominated, July 2026 Notes, and September 2026 Sterling-denominated Notes were 13.6, 14.7, 17.4, 15.3, 13.0, 3.7, 14.9, 16.2, 9.8, 8.6, 14.5, 14.4, and 9.6 years as of September 30, 2026. The combined weighted-average remaining life of the Notes was 13.9 years as of September 30, 2026.
(2) Includes $2.8 billion of floating rate Notes due in 2028 and 2029. Interest is calculated using the compounded Secured Overnight Financing Rate (“SOFR”) plus 0.44% and 0.59%, respectively, and payable quarterly in arrears.
(3) Includes €1.8 billion of floating rate Notes due in 2028. Interest is calculated using Euro Interbank Offered Rate (“EURIBOR”) plus 0.35%, payable quarterly in arrears.
(4) Includes $750 million of floating rate Notes due in 2029. Interest is calculated using the compounded SOFR plus 0.58%, payable quarterly in arrears.
v3.26.3
Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Stock-Based Compensation Expense Stock-based compensation expense is as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Cost of sales$197 $170 $595 $549 
Fulfillment685 656 2,062 2,021 
Technology and infrastructure2,697 3,409 8,412 9,396 
Sales and marketing832 762 2,692 2,270 
General and administrative436 409 1,309 1,240 
Total stock-based compensation expense$4,847 $5,406 $15,070 $15,476 
Restricted Stock Unit Activity
The following table summarizes our restricted stock unit activity for the nine months ended September 30, 2026 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2025222.5 $178 
Units granted112.8 224 
Units vested(79.5)166 
Units forfeited(32.5)186 
Outstanding as of September 30, 2026223.3 204 
Scheduled Vesting for Outstanding Restricted Stock Units
Scheduled vesting for outstanding restricted stock units as of September 30, 2026, is as follows (in millions):
Three Months Ended December 31,Year Ended December 31,
20262027202820292030ThereafterTotal
Scheduled vesting — restricted stock units26.1 99.4 62.8 25.2 7.5 2.3 223.3 
Changes in Stockholders' Equity
The following table shows changes in stockholders’ equity (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Total beginning stockholders’ equity$333,775 $551,620 $285,970 $411,065 
Beginning common stock112 113 111 112 
Stock-based compensation and issuance of employee benefit plan stock— — 1 1 
Ending common stock112 113 112 113 
Beginning and ending treasury stock(7,837)(7,837)(7,837)(7,837)
Beginning additional paid-in capital130,923 149,619 120,864 140,024 
Stock-based compensation and issuance of employee benefit plan stock4,756 5,305 14,815 14,900 
Ending additional paid-in capital135,679 154,924 135,679 154,924 
Beginning accumulated other comprehensive income (loss)2,420 66,287 (34)28,230 
Other comprehensive income (loss)9,913 35,991 12,367 74,048 
Ending accumulated other comprehensive income (loss)12,333 102,278 12,333 102,278 
Beginning retained earnings208,157 343,438 172,866 250,536 
Net income21,187 20,685 56,478 113,587 
Ending retained earnings229,344 364,123 229,344 364,123 
Total ending stockholders’ equity$369,631 $613,601 $369,631 $613,601 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in “Accumulated other comprehensive income (loss)” by separate components (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Total beginning accumulated other comprehensive income (loss), net of tax of $(1,179), $(22,402), $(1,762), and $(9,384)
$2,420 $66,287 $(34)$28,230 
Foreign currency translation adjustments:
Beginning balance, net of tax of $84, $19, $292, and $98
(1,325)(3,511)(6,174)(1,948)
Foreign currency translation adjustments, net of tax of $27, $141, $(181), and $62
(690)(107)4,159 (1,670)
Ending balance, net of tax of $111, $160, $111, and $160
(2,015)(3,618)(2,015)(3,618)
Unrealized gains (losses) on net investment hedging instruments:
Beginning balance, net of tax of $0, $(45), $0, and $0
— 144 — — 
Change in net unrealized gains (losses), net of tax of $0, $(37), $0, and $(82)
— 119 — 263 
Ending balance, net of tax of $0, $(82), $0, and $(82)
— 263 — 263 
Unrealized gains (losses) on available-for-sale debt securities:
Beginning balance, net of tax of $(1,263), $(22,374), $(2,054), and $(9,481)
3,745 69,647 6,139 30,170 
Change in net unrealized gains (losses), net of tax of $(3,797), $(12,233), $(3,820), and $(26,268)
12,397 35,974 12,474 78,788 
Reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $512, $(1), $1,326, and $1,141
(1,795)4 (4,266)(3,333)
Ending balance, net of tax of $(4,548), $(34,608), $(4,548), and $(34,608)
14,347 105,625 14,347 105,625 
Other:
Beginning balance, net of tax of $0, $(2), $0, and $(1)
— 7 1 8 
Other, net of tax of $0, $0, $0, and $(1)
1 1 — — 
Ending balance, net of tax of $0, $(2), $0, and $(2)
1 8 1 8 
Total ending accumulated other comprehensive income (loss), net of tax of $(4,437), $(34,532), $(4,437), and $(34,532)
$12,333 $102,278 $12,333 $102,278 
v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Information on Reportable Segments and Reconciliation to Consolidated Net Income
Information on reportable segments and reconciliation to consolidated net income is as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
North America
Net sales$106,267 $112,852 $299,222 $333,172 
Operating expenses101,478 104,129 281,075 307,059 
Operating income$4,789 $8,723 $18,147 $26,113 
International
Net sales$40,896 $43,108 $111,170 $125,094 
Operating expenses39,697 41,528 107,460 120,373 
Operating income$1,199 $1,580 $3,710 $4,721 
AWS
Net sales$33,006 $45,984 $93,146 $125,803 
Operating expenses21,572 28,211 60,005 77,248 
Operating income$11,434 $17,773 $33,141 $48,555 
Consolidated
Net sales$180,169 $201,944 $503,538 $584,069 
Operating expenses162,747 173,868 448,540 504,680 
Operating income17,422 28,076 54,998 79,389 
Total non-operating income (expense)10,748 (1,207)15,708 68,171 
Provision for income taxes(6,910)(6,180)(14,141)(33,939)
Equity-method investment activity, net of tax(73)(4)(87)(34)
Net income$21,187 $20,685 $56,478 $113,587 
Disaggregation of Revenue
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):    
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
Net Sales:
Online stores (1)$67,407 $68,470 $186,299 $203,156 
Physical stores (2)5,578 5,710 16,706 17,289 
Third-party seller services (3)42,486 46,492 119,346 134,850 
Advertising services (4)17,703 19,637 47,318 56,689 
Subscription services (5)12,574 14,006 36,497 41,163 
AWS33,006 45,984 93,146 125,803 
Other (6)1,415 1,645 4,226 5,119 
Consolidated$180,169 $201,944 $503,538 $584,069 
____________________________
(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”
(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”
(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.
(4)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
(5)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
(6)Includes sales related to various other offerings (such as shipping services, healthcare services, and certain licensing and distribution of video content) and our co-branded credit card agreements.
Segment Reporting, Reconciliation of Asset by Segment to Consolidated
Total segment assets reconciled to consolidated amounts are as follows (in millions):
December 31, 2025September 30, 2026
North America (1)$235,652 $260,584 
International (1)81,984 91,016 
AWS (2)252,588 419,594 
Corporate247,818 472,196 
Consolidated$818,042 $1,243,390 
___________________
(1)North America and International segment assets primarily consist of property and equipment, operating leases, inventory, accounts receivable, and digital video and music content.
(2)AWS segment assets primarily consist of property and equipment, accounts receivable, and operating leases.
Reconciliation of Property and Equipment from Segments to Consolidated
Property and equipment, net by segment is as follows (in millions):
December 31, 2025September 30, 2026
North America$122,043 $145,087 
International30,632 36,263 
AWS190,055 313,009 
Corporate14,295 14,503 
Consolidated$357,025 $508,862 
Reconciliation of Property and Equipment Additions and Depreciation from Segments to Consolidated
Total net additions to property and equipment are as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
North America (1)$8,638 $14,530 $25,006 $37,795 
International (1)1,439 6,068 5,476 10,335 
AWS (2)28,301 57,116 64,808 147,236 
Corporate507 548 1,805 1,544 
Consolidated$38,885 $78,262 $97,095 $196,910 
___________________
(1)Includes property and equipment added under finance leases of $432 million and $845 million in Q3 2025 and Q3 2026, and $507 million and $1.3 billion for the nine months ended September 30, 2025 and 2026.
(2)Includes property and equipment added under finance leases of $545 million and $627 million in Q3 2025 and Q3 2026, and $1.5 billion and $2.3 billion for the nine months ended September 30, 2025 and 2026.
Total depreciation and amortization expense, by segment, is as follows (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202620252026
North America$4,001 $4,566 $11,273 $13,346 
International1,276 1,346 3,592 3,916 
AWS5,648 9,230 14,882 24,583 
Consolidated$10,925 $15,142 $29,747 $41,845 
v3.26.3
Accounting Policies and Supplemental Disclosures - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
SUPPLEMENTAL CASH FLOW INFORMATION:            
Cash paid for interest on debt, net of capitalized interest $ 1,172 $ 249 $ 2,182 $ 1,008 $ 2,632 $ 1,651
Cash paid for operating leases 4,602 4,155 12,406 11,475 15,969 14,700
Cash paid for interest on finance leases 116 76 303 219 379 289
Cash paid for interest on financing obligations 89 52 215 159 252 217
Cash paid for income taxes, net of refunds 1,315 1,136 5,293 6,774 6,814 10,920
Assets acquired under operating leases 7,407 5,057 21,316 13,999 27,247 18,188
Property and equipment acquired under finance leases, net of remeasurements and modifications 1,472 977 3,600 1,968 4,543 2,413
Increase (decrease) in property and equipment acquired but not yet paid $ 853 $ 3,341 $ 21,473 $ 4,849 $ 26,779 $ 7,095
v3.26.3
Accounting Policies and Supplemental Disclosures - Calculation of Diluted Shares (Details) - shares
shares in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Accounting Policies [Abstract]        
Shares used in computation of basic earnings per share (in shares) 10,797 10,674 10,770 10,638
Total dilutive effect of outstanding stock awards (in shares) 132 171 133 177
Shares used in computation of diluted earnings per share (in shares) 10,929 10,845 10,903 10,815
v3.26.3
Accounting Policies and Supplemental Disclosures - Other Income (Expense), Net (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Accounting Policies [Abstract]        
Marketable equity securities valuation gains (losses), net $ (653) $ 220 $ (223) $ 470
Equity warrant valuation gains (losses), net (271) 441 780 653
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net (5) 2,307 4,474 5,592
Upward adjustments relating to equity investments in private companies 39 7,226 62,853 7,312
Foreign currency gains (losses), net 186 1 573 69
Other, net 1 (9) (98) (44)
Total other income (expense), net $ (703) $ 10,186 $ 68,359 $ 14,052
v3.26.3
Accounting Policies and Supplemental Disclosures - Derivative Instruments (Details)
MWh in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
USD ($)
Sep. 30, 2026
USD ($)
MWh
Dec. 31, 2025
USD ($)
Derivative [Line Items]      
Energy contract quantity | MWh   690  
Period for which the majority of mega-watt hours is expected to be delivered   10 years  
Unrealized gain on derivatives $ 91 $ 690  
Assets 785 785 $ 112
Liabilities 122 122 $ 139
Net Investment Hedging      
Derivative [Line Items]      
Net investment hedges $ 21,900 $ 21,900  
Maximum      
Derivative [Line Items]      
Derivative term   20 years  
Maximum | Fair Value, Inputs, Level 3 | Electric Future Prices      
Derivative [Line Items]      
Derivative, remaining maturity 6 years 6 years  
Maximum | Fair Value, Inputs, Level 3 | Various Management Assumptions      
Derivative [Line Items]      
Derivative, remaining maturity 6 years 6 years  
Minimum | Fair Value, Inputs, Level 3 | Electric Future Prices      
Derivative [Line Items]      
Derivative, remaining maturity 4 years 4 years  
Minimum | Fair Value, Inputs, Level 3 | Various Management Assumptions      
Derivative [Line Items]      
Derivative, remaining maturity 4 years 4 years  
Weighted Average      
Derivative [Line Items]      
Derivative term   18 years  
v3.26.3
Accounting Policies and Supplemental Disclosures - Inventories (Details) - USD ($)
$ in Billions
Sep. 30, 2026
Dec. 31, 2025
Accounting Policies [Abstract]    
Inventory valuation allowance $ 3.0 $ 3.3
v3.26.3
Accounting Policies and Supplemental Disclosures - Accounts Receivable, Net and Other (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other $ 98,242 $ 67,729
Prepaid expenses and other current assets 7,500 6,900
Allowance for doubtful accounts 2,800 2,400
Customer receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other 52,600 40,400
Vendor receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other 28,800 15,900
Other receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other $ 9,300 $ 4,500
v3.26.3
Accounting Policies and Supplemental Disclosures - Digital Video and Music Content (Details) - USD ($)
$ in Billions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Accounting Policies [Abstract]          
Digital video and music content, capitalized costs $ 22.5   $ 22.5   $ 21.3
Digital video and music content, expense $ 5.9 $ 5.5 $ 18.8 $ 15.7  
v3.26.3
Accounting Policies and Supplemental Disclosures - Unearned Revenue (Details) - USD ($)
$ in Billions
 3 Months Ended 9 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Sep. 30, 2026
Dec. 31, 2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Unearned revenue       $ 25.0
Unearned revenue, revenue recognized     $ 18.1  
Unearned revenue, long-term     6.5 $ 4.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-10-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Remaining performance obligation, contracts exceeding one year     $ 578.0  
Remaining performance obligation, weighted average remaining life     6 years 1 month 6 days  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-10-01 | Open AI        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Remaining performance obligation, contracts exceeding one year   $ 38.0    
Remaining performance obligation, increase during period   $ 100.0    
Remaining performance obligation, weighted average remaining life   8 years    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-10-01 | Anthropic        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Remaining performance obligation, increase during period $ 100.0      
Remaining performance obligation, weighted average remaining life 10 years      
v3.26.3
Financial Instruments - Fair Values on Recurring Basis (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Schedule of Investments [Line Items]          
Cash and time deposits $ 15,320   $ 15,320   $ 16,145
Debt Securities, Available-for-sale          
Gross Unrealized Gains 3   3    
Gross Unrealized Losses (183)   (183)    
Total Estimated Fair Value 146,200   146,200   45,800
Cash, Cash Equivalents, and Marketable Securities          
Cash, cash equivalents and marketable securities 117,157   117,157   126,325
Cash, cash equivalents and marketable securities, amortized cost 113,241   113,241    
Less: Restricted cash, cash equivalents, and marketable securities (2,931)   (2,931)   (3,296)
Total cash, cash equivalents, and marketable securities 114,226   114,226   123,029
Equity Securities, FV-NI, Gain (Loss)          
Equity securities, unrealized gain (loss) (648) $ 153 (194) $ 341  
Level 1 securities          
Schedule of Investments [Line Items]          
Equity securities 4,073   4,073   3,687
Level 1 securities | Money market funds          
Schedule of Investments [Line Items]          
Money market funds 20,882   20,882   29,777
Level 2 securities          
Schedule of Investments [Line Items]          
Equity securities 23   23   0
Level 2 securities | U.S. government and agency securities          
Debt Securities, Available-for-sale          
Cost or Amortized Cost 7,679   7,679    
Gross Unrealized Gains 0   0    
Gross Unrealized Losses (45)   (45)    
Total Estimated Fair Value 7,634   7,634   5,222
Level 2 securities | Corporate debt securities          
Debt Securities, Available-for-sale          
Cost or Amortized Cost 67,703   67,703    
Gross Unrealized Gains 2   2    
Gross Unrealized Losses (119)   (119)    
Total Estimated Fair Value 67,586   67,586   69,585
Level 2 securities | Asset-backed securities          
Debt Securities, Available-for-sale          
Cost or Amortized Cost 1,636   1,636    
Gross Unrealized Gains 0   0    
Gross Unrealized Losses (18)   (18)    
Total Estimated Fair Value 1,618   1,618   1,780
Level 2 securities | Other financial instruments          
Debt Securities, Available-for-sale          
Cost or Amortized Cost 21   21    
Gross Unrealized Gains 1   1    
Gross Unrealized Losses (1)   (1)    
Total Estimated Fair Value $ 21   $ 21   $ 129
v3.26.3
Financial Instruments - Contractual Maturities (Details)
$ in Millions
Sep. 30, 2026
USD ($)
Amortized Cost  
Due within one year $ 88,196
Due after one year through five years 8,437
Due after five years through ten years 405
Due after ten years 883
Amortized cost 97,921
Estimated Fair Value  
Due within one year 88,177
Due after one year through five years 8,306
Due after five years through ten years 404
Due after ten years 854
Estimated fair value $ 97,741
v3.26.3
Financial Instruments - Non-Marketable Equity Investments (Details)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended 30 Months Ended
Sep. 30, 2026
USD ($)
shares
Jun. 30, 2026
USD ($)
Mar. 31, 2026
USD ($)
Sep. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Sep. 30, 2026
USD ($)
shares
Sep. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Derivative [Line Items]                  
Payments to acquire convertible notes                 $ 8,000
Ownership cap 0.12         0.12      
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net $ (5)     $ 2,307   $ 4,474 $ 5,592    
Option to acquire equity securities   $ 5,000     $ 5,000        
Equity investments without readily determinable fair values 143,700         143,700   $ 16,200 16,200
Upward adjustments relating to equity investments in private companies 39     $ 7,226   62,853 7,312    
Fair value of convertible notes 146,200         146,200   45,800 45,800
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net           140,300   39,500  
Equity method investments 395         395   659 659
Fair value of warrant assets $ 785         785   112 112
Anthropic                  
Derivative [Line Items]                  
Upward adjustments relating to equity investments in private companies           $ 62,800 $ 7,200    
Preferred Stock | Pro Forma                  
Derivative [Line Items]                  
Number of shares issuable upon conversion (in shares) | shares 184,000,000         184,000,000      
Nonvoting Common Stock | Pro Forma                  
Derivative [Line Items]                  
Number of shares issuable upon conversion (in shares) | shares 10         10      
Anthropic | Preferred Stock                  
Derivative [Line Items]                  
Number of shares of nonvoting preferred stock (in shares) | shares 164,000,000         164,000,000      
2026 Term Loan                  
Derivative [Line Items]                  
Revolving credit facility maximum borrowing capacity $ 20,000         $ 20,000      
2026 Term Loan | Anthropic                  
Derivative [Line Items]                  
Revolving credit facility maximum borrowing capacity   20,000     $ 20,000        
Expiration period after a liquidity event         30 months        
Revolving credit facility current borrowing capacity   15,000     $ 15,000        
Series G Preferred Stock                  
Derivative [Line Items]                  
Investments in equity securities   5,000              
Preferred Stock                  
Derivative [Line Items]                  
Equity investments without readily determinable fair values 92,500         92,500   14,800 14,800
Series C Preferred Stock                  
Derivative [Line Items]                  
Investments in equity securities 21,300 $ 13,700 $ 15,000            
Option to acquire equity securities     $ 35,000            
Equity investments without readily determinable fair values 50,000         50,000      
Warrant | Level 2 assets                  
Derivative [Line Items]                  
Fair value of warrant assets $ 4,300         $ 4,300   $ 2,700 $ 2,700
v3.26.3
Financial Instruments - Consolidated Statements of Cash Flows Reconciliation (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Jun. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]              
Cash and cash equivalents $ 55,783   $ 86,810        
Restricted cash included in “Accounts receivable, net and other” 363   300        
Restricted cash included in “Other assets” 2,568   2,996        
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 58,714 $ 80,927 $ 90,106 $ 70,464 $ 61,453 $ 82,312 $ 78,677
v3.26.3
Leases - Additional Information (Details) - USD ($)
$ in Billions
Sep. 30, 2026
Dec. 31, 2025
Leases [Abstract]    
Gross assets acquired under finance leases, location Property and equipment, net Property and equipment, net
Gross assets acquired under finance leases $ 56.4 $ 55.6
Accumulated amortization associated with finance leases $ 39.5 $ 40.4
v3.26.3
Leases - Lease Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Leases [Abstract]        
Operating lease cost $ 4,288 $ 3,593 $ 12,323 $ 10,259
Finance lease cost:        
Amortization of lease assets 657 813 2,082 2,513
Interest on lease liabilities 114 81 323 224
Finance lease cost 771 894 2,405 2,737
Variable lease cost 716 637 2,176 1,992
Total lease cost $ 5,775 $ 5,124 $ 16,904 $ 14,988
v3.26.3
Leases - Other Operating and Finance Lease Information (Details)
Sep. 30, 2026
Dec. 31, 2025
Leases [Abstract]    
Weighted-average remaining lease term – operating leases 9 years 10 months 24 days 10 years
Weighted-average remaining lease term – finance leases 12 years 2 months 12 days 12 years 7 months 6 days
Weighted-average discount rate – operating leases 4.00% 3.70%
Weighted-average discount rate – finance leases 3.80% 3.40%
v3.26.3
Leases - Operating and Finance Lease Liability Reconciliation (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Leases [Abstract]    
Total operating lease liabilities $ 121,492 $ 106,914
Total finance lease liabilities 17,955 14,917
Gross lease liabilities 139,447 121,831
Imputed interest - operating leases (21,204) (17,662)
Imputed interest - finance leases (3,460) (2,631)
Imputed interest (24,664) (20,293)
Present value of operating leases 100,288 89,252
Present value of finance leases 14,495 12,286
Present value of lease liabilities $ 114,783 $ 101,538
Operating lease liability, current, location Accrued expenses and other Accrued expenses and other
Finance lease liability, current location Accrued expenses and other Accrued expenses and other
Current portion of operating lease liabilities $ (14,093) $ (12,655)
Current portion of finance lease liabilities (1,866) (1,544)
Current portion of lease liabilities $ (15,959) $ (14,199)
Operating lease liability, long-term, location Total long-term lease liabilities Total long-term lease liabilities
Finance lease liability, long-term, location Total long-term lease liabilities Total long-term lease liabilities
Total long-term operating lease liabilities $ 86,195 $ 76,597
Total long-term finance lease liabilities 12,629 10,742
Total long-term lease liabilities $ 98,824 $ 87,339
v3.26.3
Commitments and Contingencies - Commitments (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Long-term debt principal and interest    
2026 $ 1,413  
2027 16,566  
2028 19,567  
2029 39,185  
2030 12,489  
Thereafter 205,034  
Total 294,254  
Operating lease liabilities    
2026 5,320  
2027 15,889  
2028 14,938  
2029 13,760  
2030 12,213  
Thereafter 59,372  
Total operating lease liabilities 121,492 $ 106,914
Finance lease liabilities, including interest    
2026 730  
2027 1,956  
2028 2,061  
2029 1,824  
2030 1,400  
Thereafter 9,984  
Total finance lease liabilities 17,955 14,917
Financing obligations, including interest    
2026 171  
2027 739  
2028 752  
2029 765  
2030 778  
Thereafter 8,360  
Total 11,565  
Other commitments    
2026 1,446  
2027 2,692  
2028 1,381  
2029 1,092  
2030 982  
Thereafter 11,401  
Total 18,994  
Total commitments    
2026 31,625  
2027 124,342  
2028 85,605  
2029 102,978  
2030 76,373  
Thereafter 462,658  
Total 883,581  
Financing obligations, current 426 358
Financing obligations, noncurrent $ 9,300 $ 7,800
Financing obligations, weighted-average remaining term 14 years 6 months 15 years
Financing obligations, weighted-average imputed interest rate 3.40% 2.90%
Accrued tax contingencies $ 7,300 $ 6,600
Leases not yet commenced    
Leases not yet commenced and Unconditional purchase obligations    
2026 2,590  
2027 12,448  
2028 11,477  
2029 12,193  
2030 11,385  
Thereafter 114,829  
Total 164,922  
Property and equipment    
Leases not yet commenced and Unconditional purchase obligations    
2026 13,955  
2027 63,900  
2028 25,220  
2029 25,400  
2030 28,941  
Thereafter 2,224  
Total 159,640  
Unconditional purchase obligations    
Leases not yet commenced and Unconditional purchase obligations    
2026 6,000  
2027 10,152  
2028 10,209  
2029 8,759  
2030 8,185  
Thereafter 51,454  
Total $ 94,759  
v3.26.3
Commitments and Contingencies - Additional Information (Details)
$ / shares in Units, $ in Millions
 1 Months Ended 12 Months Ended 19 Months Ended
Apr. 13, 2026
USD ($)
$ / shares
shares
Jun. 30, 2025
complaint
Dec. 31, 2027
USD ($)
Jun. 30, 2026
case
Sep. 30, 2026
lawsuit
Business Combination [Line Items]          
Number of complaints | complaint   2      
CANADA          
Business Combination [Line Items]          
Number of class action lawsuits in pre-certification         3
UNITED KINGDOM          
Business Combination [Line Items]          
Number of class action lawsuits certified         3
UNITED STATES          
Business Combination [Line Items]          
Number of class action lawsuits in pre-certification         3
Number of class action lawsuits certified         1
Hollis v. Audible, Inc. and Cerutti v. Audible, Inc.          
Business Combination [Line Items]          
Number of litigation cases | case       2  
Globalstar, Inc.          
Business Combination [Line Items]          
Price per share (in dollars per share) | $ / shares $ 90.00        
Shares issued in acquisition (in shares) | shares 0.3210        
Maximum value per share (in dollars per share) | $ / shares $ 90.00        
Aggregate cash election cap, percentage 0.40        
Implied value of acquisition | $ $ 10,900        
Globalstar, Inc. | Forecast | Maximum          
Business Combination [Line Items]          
Maximum downward adjustment | $     $ 110    
v3.26.3
Debt - Long-Term Debt Obligations (Details)
$ in Millions, € in Billions, £ in Billions, SFr in Billions, $ in Billions
 9 Months Ended
Sep. 30, 2026
USD ($)
Sep. 30, 2026
EUR (€)
Sep. 30, 2026
CHF (SFr)
Sep. 30, 2026
CAD ($)
Sep. 30, 2026
GBP (£)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]            
Face value of long-term debt $ 180,887         $ 68,836
Total face value of long-term debt 180,887         68,836
Less: current portion of long-term debt (6,827)         (2,748)
Long-term debt 173,125         65,648
Senior Notes            
Debt Instrument [Line Items]            
Face value of long-term debt 162,500          
Total face value of long-term debt 162,500          
Unamortized discount and issuance costs, net $ (935)         (440)
Weighted average remaining lives term 13 years 10 months 24 days          
Senior Notes | 2014 Notes issuance of $6.0 billion            
Debt Instrument [Line Items]            
Issuance amount $ 6,000          
Face value of long-term debt 2,750         2,750
Total face value of long-term debt $ 2,750         2,750
Weighted average remaining lives term 13 years 7 months 6 days          
Senior Notes | 2014 Notes issuance of $6.0 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 4.80% 4.80% 4.80% 4.80% 4.80%  
Effective Interest Rates 4.93% 4.93% 4.93% 4.93% 4.93%  
Senior Notes | 2014 Notes issuance of $6.0 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 4.95% 4.95% 4.95% 4.95% 4.95%  
Effective Interest Rates 5.12% 5.12% 5.12% 5.12% 5.12%  
Senior Notes | 2017 Notes issuance of $17.0 billion            
Debt Instrument [Line Items]            
Issuance amount $ 17,000          
Face value of long-term debt 12,000         12,000
Total face value of long-term debt $ 12,000         12,000
Weighted average remaining lives term 14 years 8 months 12 days          
Senior Notes | 2017 Notes issuance of $17.0 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 3.15% 3.15% 3.15% 3.15% 3.15%  
Effective Interest Rates 3.25% 3.25% 3.25% 3.25% 3.25%  
Senior Notes | 2017 Notes issuance of $17.0 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 4.25% 4.25% 4.25% 4.25% 4.25%  
Effective Interest Rates 4.33% 4.33% 4.33% 4.33% 4.33%  
Senior Notes | 2020 Notes issuance of $10.0 billion            
Debt Instrument [Line Items]            
Issuance amount $ 10,000          
Face value of long-term debt 7,750         7,750
Total face value of long-term debt $ 7,750         7,750
Weighted average remaining lives term 17 years 4 months 24 days          
Senior Notes | 2020 Notes issuance of $10.0 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 1.20% 1.20% 1.20% 1.20% 1.20%  
Effective Interest Rates 1.26% 1.26% 1.26% 1.26% 1.26%  
Senior Notes | 2020 Notes issuance of $10.0 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 2.70% 2.70% 2.70% 2.70% 2.70%  
Effective Interest Rates 2.77% 2.77% 2.77% 2.77% 2.77%  
Senior Notes | 2021 Notes issuance of $18.5 billion            
Debt Instrument [Line Items]            
Issuance amount $ 18,500          
Face value of long-term debt 12,250         15,000
Total face value of long-term debt $ 12,250         15,000
Weighted average remaining lives term 15 years 3 months 18 days          
Senior Notes | 2021 Notes issuance of $18.5 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 1.65% 1.65% 1.65% 1.65% 1.65%  
Effective Interest Rates 1.70% 1.70% 1.70% 1.70% 1.70%  
Senior Notes | 2021 Notes issuance of $18.5 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 3.25% 3.25% 3.25% 3.25% 3.25%  
Effective Interest Rates 3.31% 3.31% 3.31% 3.31% 3.31%  
Senior Notes | April 2022 Notes issuance of $12.8 billion            
Debt Instrument [Line Items]            
Issuance amount $ 12,800          
Face value of long-term debt 9,750         9,750
Total face value of long-term debt $ 9,750         9,750
Weighted average remaining lives term 13 years          
Senior Notes | April 2022 Notes issuance of $12.8 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 3.30% 3.30% 3.30% 3.30% 3.30%  
Effective Interest Rates 3.40% 3.40% 3.40% 3.40% 3.40%  
Senior Notes | April 2022 Notes issuance of $12.8 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 4.10% 4.10% 4.10% 4.10% 4.10%  
Effective Interest Rates 4.15% 4.15% 4.15% 4.15% 4.15%  
Senior Notes | December 2022 Notes issuance of $8.3 billion            
Debt Instrument [Line Items]            
Issuance amount $ 8,300          
Face value of long-term debt 5,750         5,750
Total face value of long-term debt $ 5,750         5,750
Weighted average remaining lives term 3 years 8 months 12 days          
Senior Notes | December 2022 Notes issuance of $8.3 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 4.55% 4.55% 4.55% 4.55% 4.55%  
Effective Interest Rates 4.61% 4.61% 4.61% 4.61% 4.61%  
Senior Notes | December 2022 Notes issuance of $8.3 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 4.70% 4.70% 4.70% 4.70% 4.70%  
Effective Interest Rates 4.74% 4.74% 4.74% 4.74% 4.74%  
Senior Notes | 2025 Notes issuance of $15.0 billion            
Debt Instrument [Line Items]            
Issuance amount $ 15,000          
Face value of long-term debt 15,000         15,000
Total face value of long-term debt $ 15,000         15,000
Weighted average remaining lives term 14 years 10 months 24 days          
Senior Notes | 2025 Notes issuance of $15.0 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 3.90% 3.90% 3.90% 3.90% 3.90%  
Effective Interest Rates 3.99% 3.99% 3.99% 3.99% 3.99%  
Senior Notes | 2025 Notes issuance of $15.0 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 5.55% 5.55% 5.55% 5.55% 5.55%  
Effective Interest Rates 5.62% 5.62% 5.62% 5.62% 5.62%  
Senior Notes | March 2026 Notes issuance of $37.0 billion            
Debt Instrument [Line Items]            
Issuance amount $ 37,000          
Face value of long-term debt 37,000         0
Total face value of long-term debt $ 37,000         0
Weighted average remaining lives term 16 years 2 months 12 days          
Senior Notes | March 2026 Notes issuance of $37.0 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 3.85% 3.85% 3.85% 3.85% 3.85%  
Effective Interest Rates 3.96% 3.96% 3.96% 3.96% 3.96%  
Senior Notes | March 2026 Notes issuance of $37.0 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 6.05% 6.05% 6.05% 6.05% 6.05%  
Effective Interest Rates 6.12% 6.12% 6.12% 6.12% 6.12%  
Senior Notes | March 2026 Euro-denominated Notes issuance of €14.5 billion            
Debt Instrument [Line Items]            
Issuance amount | €   € 14.5        
Face value of long-term debt $ 16,427         0
Total face value of long-term debt $ 16,427         0
Weighted average remaining lives term 9 years 9 months 18 days          
Senior Notes | March 2026 Euro-denominated Notes issuance of €14.5 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 2.50% 2.50% 2.50% 2.50% 2.50%  
Effective Interest Rates 2.59% 2.59% 2.59% 2.59% 2.59%  
Senior Notes | March 2026 Euro-denominated Notes issuance of €14.5 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 4.85% 4.85% 4.85% 4.85% 4.85%  
Effective Interest Rates 4.88% 4.88% 4.88% 4.88% 4.88%  
Senior Notes | Euro-Denominated Floating Rate Notes due 2028            
Debt Instrument [Line Items]            
Issuance amount | €   € 1.8        
Stated Interest Rates 0.35% 0.35% 0.35% 0.35% 0.35%  
Senior Notes | May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion            
Debt Instrument [Line Items]            
Issuance amount | SFr     SFr 2.8      
Face value of long-term debt $ 3,375         0
Total face value of long-term debt $ 3,375         0
Weighted average remaining lives term 8 years 7 months 6 days          
Senior Notes | May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 0.84% 0.84% 0.84% 0.84% 0.84%  
Effective Interest Rates 0.90% 0.90% 0.90% 0.90% 0.90%  
Senior Notes | May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 2.08% 2.08% 2.08% 2.08% 2.08%  
Effective Interest Rates 2.10% 2.10% 2.10% 2.10% 2.10%  
Senior Notes | June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion            
Debt Instrument [Line Items]            
Issuance amount       $ 14.0    
Face value of long-term debt $ 9,834         0
Total face value of long-term debt $ 9,834         0
Weighted average remaining lives term 14 years 6 months          
Senior Notes | June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 3.40% 3.40% 3.40% 3.40% 3.40%  
Effective Interest Rates 3.46% 3.46% 3.46% 3.46% 3.46%  
Senior Notes | June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 5.00% 5.00% 5.00% 5.00% 5.00%  
Effective Interest Rates 5.05% 5.05% 5.05% 5.05% 5.05%  
Senior Notes | July 2026 Notes issuance of $25.0 billion            
Debt Instrument [Line Items]            
Issuance amount $ 25,000          
Face value of long-term debt 25,000         0
Total face value of long-term debt $ 25,000         0
Weighted average remaining lives term 14 years 4 months 24 days          
Senior Notes | July 2026 Notes issuance of $25.0 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 4.20% 4.20% 4.20% 4.20% 4.20%  
Effective Interest Rates 4.26% 4.26% 4.26% 4.26% 4.26%  
Senior Notes | July 2026 Notes issuance of $25.0 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 6.25% 6.25% 6.25% 6.25% 6.25%  
Effective Interest Rates 6.33% 6.33% 6.33% 6.33% 6.33%  
Senior Notes | September 2026 Sterling-denominated Notes issuance of £4.3 billion            
Debt Instrument [Line Items]            
Issuance amount | £         £ 4.3  
Face value of long-term debt $ 5,637         0
Total face value of long-term debt $ 5,637         0
Weighted average remaining lives term 9 years 7 months 6 days          
Senior Notes | September 2026 Sterling-denominated Notes issuance of £4.3 billion | Minimum            
Debt Instrument [Line Items]            
Stated Interest Rates 5.20% 5.20% 5.20% 5.20% 5.20%  
Effective Interest Rates 5.29% 5.29% 5.29% 5.29% 5.29%  
Senior Notes | September 2026 Sterling-denominated Notes issuance of £4.3 billion | Maximum            
Debt Instrument [Line Items]            
Stated Interest Rates 6.65% 6.65% 6.65% 6.65% 6.65%  
Effective Interest Rates 6.72% 6.72% 6.72% 6.72% 6.72%  
Senior Notes | Floating Rate Notes due 2028 and 2029            
Debt Instrument [Line Items]            
Issuance amount $ 2,800          
Senior Notes | Floating Rate Notes due 2028 | SOFR            
Debt Instrument [Line Items]            
Stated Interest Rates 0.44% 0.44% 0.44% 0.44% 0.44%  
Senior Notes | Floating Rate Notes due 2029            
Debt Instrument [Line Items]            
Issuance amount $ 750          
Senior Notes | Floating Rate Notes due 2029 | SOFR            
Debt Instrument [Line Items]            
Stated Interest Rates 0.59% 0.59% 0.59% 0.59% 0.59%  
Senior Notes | Floating Rate Notes due 2029 | Compounded SOFR            
Debt Instrument [Line Items]            
Stated Interest Rates 0.58% 0.58% 0.58% 0.58% 0.58%  
Other long-term debt            
Debt Instrument [Line Items]            
Face value of long-term debt $ 864         836
Total face value of long-term debt $ 864         $ 836
v3.26.3
Debt - Additional Information (Details)
$ in Millions, € in Billions
 1 Months Ended 9 Months Ended
Oct. 29, 2026
USD ($)
extension
Jun. 30, 2026
USD ($)
Sep. 30, 2026
USD ($)
Sep. 30, 2026
EUR (€)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]          
Notes outstanding     $ 180,887   $ 68,836
Long-term debt     173,125   65,648
Short-term debt     380   455
2026 Term Loan          
Debt Instrument [Line Items]          
Revolving credit facility maximum borrowing capacity     20,000    
Commercial Paper          
Debt Instrument [Line Items]          
Commercial paper, maximum borrowing capacity     $ 30,000 € 3.0  
Debt term     397 days    
Commercial paper     $ 0   0
2023 Credit Agreement | 2026 Term Loan          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)     0.45%    
Revolving credit facility maximum borrowing capacity     $ 15,000    
Commitment fee percentage     0.03%    
Short-term debt     $ 0   0
2025 Short-Term Credit Agreement | 2026 Term Loan          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)     0.45%    
Revolving credit facility maximum borrowing capacity     $ 5,000    
Debt term     364 days    
Commitment fee percentage     0.03%    
Short-term debt     $ 0   0
2026 Short-Term Credit Agreement Due 2027 | 2026 Term Loan | Subsequent Event          
Debt Instrument [Line Items]          
Revolving credit facility maximum borrowing capacity $ 5,000        
Debt term 364 days        
Number of term extensions | extension 1        
2026 Short-Term Credit Agreement Due 2031 | 2026 Term Loan | Subsequent Event          
Debt Instrument [Line Items]          
Revolving credit facility maximum borrowing capacity $ 15,000        
Debt term 1 year        
Number of term extensions | extension 1        
Senior Notes          
Debt Instrument [Line Items]          
Notes outstanding     162,500    
Estimated fair value of notes     145,400   61,100
Secured Debt | Loan Facility          
Debt Instrument [Line Items]          
Revolving credit facility maximum borrowing capacity     $ 80,000    
Debt term     5 years    
2026 Term Loan | Revolving Credit Facility          
Debt Instrument [Line Items]          
Notes outstanding     $ 17,500   $ 0
2026 Term Loan | Revolving Credit Facility | 2023 Credit Agreement          
Debt Instrument [Line Items]          
Additional term     1 year    
2026 Term Loan | Letter of Credit | April 2018 Revolving Credit Facility          
Debt Instrument [Line Items]          
Unused letters of credit     $ 21,600    
Delayed Draw Term Loan (DDTL) | Term Loan          
Debt Instrument [Line Items]          
Issuance amount   $ 17,500      
Long-term debt     $ 17,500    
Delayed Draw Term Loan (DDTL) | Term Loan | Minimum          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)   0.625%      
Delayed Draw Term Loan (DDTL) | Term Loan | Maximum          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)   0.875%      
v3.26.3
Stockholders' Equity - Additional Information (Details) - USD ($)
shares in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Mar. 31, 2022
Class of Stock [Line Items]        
Stock repurchases (in shares) 0.0 0.0    
Stock repurchase, remaining authorized amount $ 6,100,000,000      
Common shares outstanding plus underlying outstanding stock awards (in shares) 11,000.0   11,000.0  
Net unrecognized compensation cost related to unvested stock-based compensation arrangements $ 22,300,000,000      
Compensation expense expected to be expensed in next twelve months expected to exceed, percentage 50.00%      
Net unrecognized compensation cost related to unvested stock-based compensation arrangements, weighted average recognition period (in years) 1 year      
Minimum        
Class of Stock [Line Items]        
Award vesting period 2 years      
Maximum        
Class of Stock [Line Items]        
Award vesting period 5 years      
March 2022 Program        
Class of Stock [Line Items]        
Stock repurchase, authorized amount       $ 10,000,000,000.0
v3.26.3
Stockholders' Equity - Stock-based Compensation Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense $ 5,406 $ 4,847 $ 15,476 $ 15,070
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 170 197 549 595
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 409 436 1,240 1,309
Income Statement Location [Axis]: us-gaap:MarketingExpense        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 762 832 2,270 2,692
Income Statement Location [Axis]: amzn:FulfillmentExpense        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 656 685 2,021 2,062
Income Statement Location [Axis]: amzn:TechnologyAndInfrastructureExpense        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense $ 3,409 $ 2,697 $ 9,396 $ 8,412
v3.26.3
Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units
shares in Millions
 9 Months Ended
Sep. 30, 2026
$ / shares
shares
Number of Units  
Beginning balance (in shares) | shares 222.5
Units granted (in shares) | shares 112.8
Units vested (in shares) | shares (79.5)
Units forfeited (in shares) | shares (32.5)
Ending balance (in shares) | shares 223.3
Weighted-Average Grant-Date Fair Value  
Beginning balance (in usd per share) | $ / shares $ 178
Units granted (in usd per share) | $ / shares 224
Units vested (in usd per share) | $ / shares 166
Units forfeited (in usd per share) | $ / shares 186
Ending balance (in usd per share) | $ / shares $ 204
v3.26.3
Stockholders' Equity - Scheduled Vesting for Outstanding Restricted Stock Units (Details) - Restricted Stock Units - shares
shares in Millions
Sep. 30, 2026
Dec. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
2026 (in shares) 26.1  
2027 (in shares) 99.4  
2028 (in shares) 62.8  
2029 (in shares) 25.2  
2030 (in shares) 7.5  
Thereafter (in shares) 2.3  
Total (in shares) 223.3 222.5
v3.26.3
Stockholders' Equity - Changes in Stockholders Equity (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Changes in Stockholders' Equity            
Beginning balance $ 551,620 $ 333,775 $ 411,065 $ 285,970 $ 369,631  
Other comprehensive income (loss) 35,991 9,913 74,048 12,367    
Net income 20,685 21,187 113,587 56,478 134,779 $ 76,482
Ending balance 613,601 369,631 613,601 369,631 613,601 369,631
Common stock            
Changes in Stockholders' Equity            
Beginning balance 113 112 112 111 112  
Stock-based compensation and issuance of employee benefit plan stock 0 0 1 1    
Ending balance 113 112 113 112 113 112
Treasury stock            
Changes in Stockholders' Equity            
Beginning balance (7,837) (7,837) (7,837) (7,837) (7,837)  
Ending balance (7,837) (7,837) (7,837) (7,837) (7,837) (7,837)
Additional paid-in capital            
Changes in Stockholders' Equity            
Beginning balance 149,619 130,923 140,024 120,864 135,679  
Stock-based compensation and issuance of employee benefit plan stock 5,305 4,756 14,900 14,815    
Ending balance 154,924 135,679 154,924 135,679 154,924 135,679
Accumulated other comprehensive income (loss)            
Changes in Stockholders' Equity            
Beginning balance 66,287 2,420 28,230 (34) 12,333  
Other comprehensive income (loss) 35,991 9,913 74,048 12,367    
Ending balance 102,278 12,333 102,278 12,333 102,278 12,333
Retained earnings            
Changes in Stockholders' Equity            
Beginning balance 343,438 208,157 250,536 172,866 229,344  
Net income 20,685 21,187 113,587 56,478    
Ending balance $ 364,123 $ 229,344 $ 364,123 $ 229,344 $ 364,123 $ 229,344
v3.26.3
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance $ 551,620 $ 333,775 $ 411,065 $ 285,970
Ending balance 613,601 369,631 613,601 369,631
Accumulated other comprehensive income (loss)        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance 66,287 2,420 28,230 (34)
Ending balance 102,278 12,333 102,278 12,333
Foreign currency translation adjustments        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance (3,511) (1,325) (1,948) (6,174)
Foreign currency translation adjustments and other, net of tax (107) (690) (1,670) 4,159
Ending balance (3,618) (2,015) (3,618) (2,015)
Unrealized gains (losses) on net investment hedging instruments        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance 144 0 0 0
Change in net unrealized gains (losses) 119 0 263 0
Ending balance 263 0 263 0
Unrealized gains (losses) on available-for-sale debt securities        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance 69,647 3,745 30,170 6,139
Change in net unrealized gains (losses) 35,974 12,397 78,788 12,474
Reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $512, $(1), $1,326, and $1,141 4 (1,795) (3,333) (4,266)
Ending balance 105,625 14,347 105,625 14,347
Other        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance 7 0 8 1
Foreign currency translation adjustments and other, net of tax 1 1 0 0
Ending balance $ 8 $ 1 $ 8 $ 1
v3.26.3
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Foreign currency translation adjustments, tax $ (141) $ (27) $ (62) $ 181        
Unrealized gains (losses), tax 12,233 3,797 26,268 3,820        
Other comprehensive income, other, tax 0 0 (1) 0        
Accumulated other comprehensive income (loss)                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax (34,532) (4,437) (34,532) (4,437) $ (22,402) $ (9,384) $ (1,179) $ (1,762)
Foreign currency translation adjustments                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax 160 111 160 111 19 98 84 292
Foreign currency translation adjustments, tax 141 27 62 (181)        
Unrealized gains (losses) on net investment hedging instruments                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax (82) 0 (82) 0 (45) 0 0 0
Change in net unrealized gains (losses), tax (37) 0 (82) 0        
Unrealized gains (losses) on available-for-sale debt securities                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax (34,608) (4,548) (34,608) (4,548) (22,374) (9,481) (1,263) (2,054)
Unrealized gains (losses), tax (12,233) (3,797) (26,268) (3,820)        
Reclassification adjustment for losses (gains) included in “Other income (expense), net,” tax (1) 512 1,141 1,326        
Other                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax (2) 0 (2) 0 $ (2) $ (1) $ 0 $ 0
Other comprehensive income, other, tax $ 0 $ 0 $ (1) $ 0        
v3.26.3
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Income Tax Disclosure [Abstract]              
Provision for income taxes $ 6,180 $ 6,910 $ 33,939 $ 14,141      
Net discrete tax expense     15,200 354      
Cash paid for income taxes, net of refunds 1,315 $ 1,136 5,293 $ 6,774 $ 6,814 $ 10,920  
Tax contingencies $ 7,300   $ 7,300   $ 7,300   $ 6,600
v3.26.3
Segment Information - Reportable Segments and Reconciliation to Consolidated Net Income (Details)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2026
USD ($)
segment
Sep. 30, 2025
USD ($)
Sep. 30, 2026
USD ($)
Sep. 30, 2025
USD ($)
Segment Reporting [Abstract]            
Number of operating segments | segment     3      
Number of reportable segments | segment     3      
Segment Reporting Disclosure [Line Items]            
Net sales $ 201,944 $ 180,169 $ 584,069 $ 503,538    
Operating expenses 173,868 162,747 504,680 448,540    
Operating income 28,076 17,422 79,389 54,998    
Total non-operating income (expense) (1,207) 10,748 68,171 15,708    
Provision for income taxes (6,180) (6,910) (33,939) (14,141)    
Equity-method investment activity, net of tax (4) (73) (34) (87)    
Net income 20,685 21,187 113,587 56,478 $ 134,779 $ 76,482
North America            
Segment Reporting Disclosure [Line Items]            
Net sales 112,852 106,267 333,172 299,222    
Operating expenses 104,129 101,478 307,059 281,075    
Operating income 8,723 4,789 26,113 18,147    
International            
Segment Reporting Disclosure [Line Items]            
Net sales 43,108 40,896 125,094 111,170    
Operating expenses 41,528 39,697 120,373 107,460    
Operating income 1,580 1,199 4,721 3,710    
AWS            
Segment Reporting Disclosure [Line Items]            
Net sales 45,984 33,006 125,803 93,146    
Operating expenses 28,211 21,572 77,248 60,005    
Operating income $ 17,773 $ 11,434 $ 48,555 $ 33,141    
v3.26.3
Segment Information - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Disaggregation of Revenue [Line Items]        
Total net sales $ 201,944 $ 180,169 $ 584,069 $ 503,538
Online stores        
Disaggregation of Revenue [Line Items]        
Total net sales 68,470 67,407 203,156 186,299
Physical stores        
Disaggregation of Revenue [Line Items]        
Total net sales 5,710 5,578 17,289 16,706
Third-party seller services        
Disaggregation of Revenue [Line Items]        
Total net sales 46,492 42,486 134,850 119,346
Advertising services        
Disaggregation of Revenue [Line Items]        
Total net sales 19,637 17,703 56,689 47,318
Subscription services        
Disaggregation of Revenue [Line Items]        
Total net sales 14,006 12,574 41,163 36,497
AWS        
Disaggregation of Revenue [Line Items]        
Total net sales 45,984 33,006 125,803 93,146
Other        
Disaggregation of Revenue [Line Items]        
Total net sales $ 1,645 $ 1,415 $ 5,119 $ 4,226
v3.26.3
Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Segment Reporting Disclosure [Line Items]    
Total assets $ 1,243,390 $ 818,042
Operating Segments | North America    
Segment Reporting Disclosure [Line Items]    
Total assets 260,584 235,652
Operating Segments | International    
Segment Reporting Disclosure [Line Items]    
Total assets 91,016 81,984
Operating Segments | AWS    
Segment Reporting Disclosure [Line Items]    
Total assets 419,594 252,588
Corporate    
Segment Reporting Disclosure [Line Items]    
Total assets $ 472,196 $ 247,818
v3.26.3
Segment Information - Reconciliation of Property and Equipment from Segments to Consolidated (Details) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Segment Reporting Disclosure [Line Items]    
Property and equipment, net $ 508,862 $ 357,025
Operating Segments | North America    
Segment Reporting Disclosure [Line Items]    
Property and equipment, net 145,087 122,043
Operating Segments | International    
Segment Reporting Disclosure [Line Items]    
Property and equipment, net 36,263 30,632
Operating Segments | AWS    
Segment Reporting Disclosure [Line Items]    
Property and equipment, net 313,009 190,055
Corporate    
Segment Reporting Disclosure [Line Items]    
Property and equipment, net $ 14,503 $ 14,295
v3.26.3
Segment Information - Reconciliation of Property and Equipment Additions from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting Disclosure [Line Items]        
Property and equipment additions $ 78,262 $ 38,885 $ 196,910 $ 97,095
Operating Segments | North America and International | Assets held under finance leases        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 845 432 1,300 507
Operating Segments | North America        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 14,530 8,638 37,795 25,006
Operating Segments | International        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 6,068 1,439 10,335 5,476
Operating Segments | AWS        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 57,116 28,301 147,236 64,808
Operating Segments | AWS | Assets held under finance leases        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 627 545 2,300 1,500
Corporate        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions $ 548 $ 507 $ 1,544 $ 1,805
v3.26.3
Segment Information - Depreciation and Amortization Expense, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting Disclosure [Line Items]        
Depreciation and amortization expense $ 15,142 $ 10,925 $ 41,845 $ 29,747
North America        
Segment Reporting Disclosure [Line Items]        
Depreciation and amortization expense 4,566 4,001 13,346 11,273
International        
Segment Reporting Disclosure [Line Items]        
Depreciation and amortization expense 1,346 1,276 3,916 3,592
AWS        
Segment Reporting Disclosure [Line Items]        
Depreciation and amortization expense $ 9,230 $ 5,648 $ 24,583 $ 14,882