AMAZON COM INC, 10-Q filed on 4/30/2026
Quarterly Report
v3.26.1
Cover - shares
 3 Months Ended
Mar. 31, 2026
Apr. 22, 2026
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 000-22513  
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   10,757,109,436
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
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 $.01 per share  
Trading Symbol AMZN  
Security Exchange Name NASDAQ  
Floating Rate Notes due 2028    
Document Information [Line Items]    
Title of 12(b) Security Floating Rate Notes due 2028  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
2.800% Notes due 2028    
Document Information [Line Items]    
Title of 12(b) Security 2.800% Notes due 2028  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
3.100% Notes due 2030    
Document Information [Line Items]    
Title of 12(b) Security 3.100% Notes due 2030  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
3.350% Notes due 2032    
Document Information [Line Items]    
Title of 12(b) Security 3.350% Notes due 2032  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
3.700% Notes due 2035    
Document Information [Line Items]    
Title of 12(b) Security 3.700% Notes due 2035  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
4.050% Notes due 2039    
Document Information [Line Items]    
Title of 12(b) Security 4.050% Notes due 2039  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
4.450% Notes due 2045    
Document Information [Line Items]    
Title of 12(b) Security 4.450% Notes due 2045  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
4.850% Notes due 2064    
Document Information [Line Items]    
Title of 12(b) Security 4.850% Notes due 2064  
No Trading Symbol Flag true  
Security Exchange Name NASDAQ  
v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Statement of Cash Flows [Abstract]        
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 90,106 $ 82,312 $ 69,893 $ 73,332
OPERATING ACTIVITIES:        
Net income 30,255 17,127 90,798 65,944
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 18,945 14,262 70,439 55,373
Stock-based compensation 4,032 3,689 19,810 20,739
Non-operating expense (income), net (15,632) (2,817) (27,695) (3,539)
Deferred income taxes 12,798 507 23,761 (3,203)
Changes in operating assets and liabilities:        
Inventories 1,622 (1,222) (158) (4,882)
Accounts receivable, net and other (5,750) 1,247 (14,330) (5,686)
Other assets (3,811) (3,402) (16,041) (15,184)
Accounts payable (8,737) (9,043) 11,537 5,211
Accrued expenses and other (8,045) (4,061) (9,003) (4,037)
Unearned revenue 355 728 (587) 3,167
Net cash provided by (used in) operating activities 26,032 17,015 148,531 113,903
INVESTING ACTIVITIES:        
Purchases of property and equipment (44,203) (25,019) (151,003) (93,093)
Proceeds from property and equipment sales and incentives 969 764 3,704 5,115
Acquisitions, net of cash acquired, non-marketable investments, and other, net (15,408) 48 (19,297) (3,680)
Sales and maturities of marketable securities 17,686 7,737 54,335 22,748
Purchases of marketable securities (23,256) (13,333) (64,693) (37,373)
Net cash provided by (used in) investing activities (64,212) (29,803) (176,954) (106,283)
FINANCING ACTIVITIES:        
Proceeds from short-term debt, and other 6,018 1,815 13,523 6,619
Repayments of short-term debt, and other (6,109) (2,082) (12,453) (6,738)
Proceeds from long-term debt 53,441 746 68,368 746
Repayments of long-term debt 0 0 (5,021) (8,852)
Principal repayments of finance leases (468) (410) (1,615) (1,683)
Principal repayments of financing obligations (115) (116) (327) (695)
Net cash provided by (used in) financing activities 52,767 (47) 62,475 (10,603)
Foreign currency effect on cash, cash equivalents, and restricted cash (1) 416 747 (456)
Net increase (decrease) in cash, cash equivalents, and restricted cash 14,586 (12,419) 34,799 (3,439)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $ 104,692 $ 69,893 $ 104,692 $ 69,893
v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net sales $ 181,519 $ 155,667
Operating expenses:    
Cost of sales 87,463 76,976
Fulfillment 27,289 24,593
Technology and infrastructure 29,567 22,994
Sales and marketing 10,314 9,763
General and administrative 2,587 2,628
Other operating expense (income), net 447 308
Total operating expenses 157,667 137,262
Operating income 23,852 18,405
Interest income 1,135 1,066
Interest expense (800) (541)
Other income (expense), net 15,647 2,749
Total non-operating income 15,982 3,274
Income before income taxes 39,834 21,679
Provision for income taxes (9,560) (4,553)
Equity-method investment activity, net of tax (19) 1
Net income $ 30,255 $ 17,127
Basic earnings per share (in usd per share) $ 2.82 $ 1.62
Diluted earnings per share (in usd per share) $ 2.78 $ 1.59
Weighted-average shares used in computation of earnings per share:    
Basic (in shares) 10,743 10,603
Diluted (in shares) 10,874 10,793
Net product sales    
Net sales $ 71,304 $ 63,970
Net service sales    
Net sales $ 110,215 $ 91,697
v3.26.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Net income $ 30,255 $ 17,127
Other comprehensive income (loss):    
Foreign currency translation adjustments, net of tax of $(66) and $(13) (764) 1,535
Unrealized gains (losses) on net investment hedging instruments, net of tax of $0 and $24 (85) 0
Available-for-sale debt securities:    
Change in net unrealized gains (losses), net of tax of $(11) and $(340) 826 37
Less: reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $809 and $1,142 (3,337) (2,454)
Net change (2,511) (2,417)
Other, net of tax of $1 and $(2) (2) 2
Total other comprehensive income (loss) (3,362) (880)
Comprehensive income $ 26,893 $ 16,247
v3.26.1
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Foreign currency translation adjustments, tax $ (13) $ (66)
Unrealized gains (losses) on net investment hedging instruments, tax 24 0
Unrealized gains (losses), tax (340) (11)
Reclassification adjustment for losses (gains) included in “Other income (expense), net" 1,142 809
Other comprehensive income, other, tax $ (2) $ 1
v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 101,816 $ 86,810
Marketable securities 41,273 36,219
Inventories 36,534 38,325
Accounts receivable, net and other 75,532 67,729
Total current assets 255,155 229,083
Property and equipment, net 397,458 357,025
Operating leases 88,741 86,054
Goodwill 23,449 23,273
Other assets 151,827 122,607
Total assets 916,630 818,042
Current liabilities:    
Accounts payable 124,749 121,909
Accrued expenses and other 71,120 75,520
Unearned revenue 20,887 20,576
Total current liabilities 216,756 218,005
Long-term lease liabilities 90,814 87,339
Long-term debt 119,074 65,648
Other long-term liabilities 48,072 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 11,269 shares issued; 10,731 and 10,754 shares outstanding) 113 112
Treasury stock, at cost (7,837) (7,837)
Additional paid-in capital 143,979 140,024
Accumulated other comprehensive income (loss) 24,868 28,230
Retained earnings 280,791 250,536
Total stockholders’ equity 441,914 411,065
Total liabilities and stockholders’ equity $ 916,630 $ 818,042
v3.26.1
Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 31, 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) 11,269,000,000 11,246,000,000
Common stock, outstanding (in shares) 10,754,000,000 10,731,000,000
v3.26.1
Accounting Policies and Supplemental Disclosures
 3 Months Ended
Mar. 31, 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
March 31,		Twelve Months Ended
March 31,
2025202620252026
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$236 $274 $1,825 $1,496 
Cash paid for operating leases3,562 4,315 12,571 15,791 
Cash paid for interest on finance leases71 102 284 326 
Cash paid for interest on financing obligations55 76 210 217 
Cash paid for income taxes, net of refunds877 1,323 12,727 8,741 
Assets acquired under operating leases4,321 6,239 15,992 21,848 
Property and equipment acquired under finance leases, net of remeasurements and modifications54 1,565 866 4,422 
Increase (decrease) in property and equipment acquired but not yet paid3,108 9,920 9,736 16,967 
Earnings Per Share
Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.
The following table shows the calculation of diluted shares (in millions):
Three Months Ended
March 31,
20252026
Shares used in computation of basic earnings per share10,603 10,743 
Total dilutive effect of outstanding stock awards190 131 
Shares used in computation of diluted earnings per share10,793 10,874 
Other Income (Expense), Net
Other income (expense), net is as follows (in millions):
Three Months Ended
March 31,
20252026
Marketable equity securities valuation gains (losses), net$(138)$(889)
Equity warrant valuation gains (losses), net(378)(398)
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net 3,263 4,479 
Upward adjustments relating to equity investments in private companies37 12,328 
Foreign currency gains (losses), net(2)160 
Other, net(33)(33)
Total other income (expense), net$2,749 $15,647 
The reclassification adjustments for the gains on available-for-sale debt securities of $3.3 billion and $4.5 billion in Q1 2025 and Q1 2026 are primarily from the portions of our convertible notes investments in Anthropic, PBC (“Anthropic”) that were converted to nonvoting preferred stock during Q1 2025 and Q1 2026. The upward adjustments relating to equity investments in private companies of $12.3 billion in Q1 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 March 31, 2026, the energy contract quantities subject to derivative accounting fair value measurements were approximately 200 million megawatt-hours and the weighted-average remaining duration of these contracts is approximately 15 years, with the majority of these megawatt-hours to be delivered beyond the next nine years. The impact of these fair value measurements on our consolidated statement of operations in Q1 2025 and Q1 2026 was not significant.
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.
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 March 2026 Euro-denominated Notes issuance of €14.5 billion creates an exposure to changes in foreign exchange rates. We designated these 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 $2.8 billion as of December 31, 2025 and March 31, 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 March 31, 2026, customer receivables, net, were $40.4 billion and $43.3 billion, vendor receivables, net, were $15.9 billion and $16.4 billion, and other receivables, net, were $4.5 billion and $8.6 billion. Prepaid expenses and other current assets, which include amounts related to satellite network launch services deposits, were $6.9 billion and $7.2 billion as of December 31, 2025 and March 31, 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 $2.6 billion as of December 31, 2025 and March 31, 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 March 31, 2026 were $21.3 billion and $21.5 billion. Total video and music expense was $5.1 billion and $6.0 billion in Q1 2025 and Q1 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 $9.4 billion was recognized as revenue during the three months ended March 31, 2026. Included in “Other long-term liabilities” on our consolidated balance sheets was $4.4 billion of unearned revenue as of December 31, 2025 and March 31, 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 approximately $364 billion as of March 31, 2026. The weighted-average remaining life of our long-term contracts is 5.5 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.
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.
v3.26.1
Financial Instruments
 3 Months Ended
Mar. 31, 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 March 31, 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 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 securities in inactive markets or based on 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, 2025March 31, 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 $14,655 $— $— $14,655 
Level 1:
Money market funds29,777 35,697 — — 35,697 
Equity securities (1)3,687 2,801 
Level 2:
U.S. government and agency securities5,222 4,601 2 (18)4,585 
Corporate debt securities69,585 86,511 13 (29)86,495 
Asset-backed securities1,780 1,711 3 (11)1,703 
Other financial instruments129 29 — — 29 
$126,325 $143,204 $18 $(58)$145,965 
Less: Restricted cash, cash equivalents, and marketable securities (2)(3,296)(2,876)
Total cash, cash equivalents, and marketable securities$123,029 $143,089 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $(205) million and $(883) million in Q1 2025 and Q1 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 March 31, 2026 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$119,054 $119,043 
Due after one year through five years8,083 8,076 
Due after five years through ten years463 461 
Due after ten years949 929 
Total$128,549 $128,509 
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.
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. 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 a gain of approximately $3.3 billion and $4.5 billion was recorded in “Other income (expense), net.” In Q1 2026, we also recorded an upward adjustment of approximately $12.3 billion to our nonvoting preferred stock in “Other income (expense), net” to reflect observable changes in price. As of December 31, 2025 and March 31, 2026, the amounts recorded on our consolidated balance sheets for nonvoting preferred stock were approximately $14.8 billion and $32.0 billion. As of December 31, 2025 and March 31, 2026, the estimated fair value of our convertible notes recorded on our consolidated balance sheets was approximately $45.8 billion and $42.2 billion, and the associated unrealized gain included in “Accumulated other comprehensive income (loss)” was $39.5 billion and $36.3 billion. We also have a commercial arrangement primarily for the provision of AWS cloud services, which includes the use of AWS chips.
Subsequent to March 31, 2026, we invested $5.0 billion in Anthropic nonvoting preferred stock. Additionally, we amended our commercial arrangement which is primarily for the provision of AWS cloud services and includes contractual obligations related to the performance of AWS chips. Furthermore, 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 a liquidity event, as defined, such as an Anthropic initial public offering or direct listing of equity securities. 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 a liquidity event, Anthropic common stock, which will be issued to us in exchange for cash. We also have an option to invest up to $5.0 billion in Anthropic’s future equity financings which if elected would reduce the amount available under the facility by the amount exercised under the option.
OpenAI — In Q1 2026, we invested $15.0 billion in Series C Preferred Stock of OpenAI, and we also 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”). We may, in our sole discretion, elect to purchase all or any portion of the Commitment Shares at any time pursuant to the Letter Agreement. To the extent that we have not done so previously, we are obligated to purchase all remaining Commitment Shares upon the earlier to occur of (i) OpenAI meeting specified milestones, and (ii) OpenAI directly or indirectly consummating an initial public offering or direct listing of equity securities in the United States (a “Public Listing Transaction”), in each case subject to certain terms and conditions. If certain conditions are not satisfied until after a Public Listing Transaction occurs, then our purchase commitment will relate to the class of OpenAI’s common stock that is publicly traded at the same effective price per share as the Series C Preferred Stock price. The parties’ obligations under the Letter Agreement will terminate if we have not invested the Commitment Amount by December 31, 2028, which date may accelerate under certain circumstances. We account for our investment in Series C Preferred Stock and purchase commitment 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. Additionally, in Q1 2026, we and an affiliate of OpenAI entered into (i) a commercial arrangement primarily for the provision of AWS cloud services, which includes the use 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.
As of December 31, 2025 and March 31, 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 $48.1 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 March 31, 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 $923 million.
We hold equity warrants giving us the right to acquire stock of other companies. As of December 31, 2025 and March 31, 2026, these warrants had a fair value of $2.7 billion and $2.4 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 an entity for which 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, 2025March 31, 2026
Cash and cash equivalents$86,810 $101,816 
Restricted cash included in “Accounts receivable, net and other”
300 330 
Restricted cash included in “Other assets”
2,996 2,546 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$90,106 $104,692 
v3.26.1
Leases
 3 Months Ended
Mar. 31, 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 March 31, 2026. Accumulated amortization associated with finance leases was $40.4 billion as of December 31, 2025 and March 31, 2026.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended March 31,
20252026
Operating lease cost$3,240 $3,917 
Finance lease cost:
Amortization of lease assets873 733 
Interest on lease liabilities71 101 
Finance lease cost944 834 
Variable lease cost696 742 
Total lease cost$4,880 $5,493 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2025March 31, 2026
Weighted-average remaining lease term – operating leases10.0 years10.0 years
Weighted-average remaining lease term – finance leases12.6 years12.8 years
Weighted-average discount rate – operating leases3.7 %3.8 %
Weighted-average discount rate – finance leases3.4 %3.6 %
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 
March 31, 2026
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$110,135 $16,496 $126,631 
Less: imputed interest(18,518)(3,171)(21,689)
Present value of lease liabilities91,617 13,325 104,942 
Less: current portion of lease liabilities(12,550)(1,578)(14,128)
Total long-term lease liabilities$79,067 $11,747 $90,814 
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 March 31, 2026. Accumulated amortization associated with finance leases was $40.4 billion as of December 31, 2025 and March 31, 2026.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended March 31,
20252026
Operating lease cost$3,240 $3,917 
Finance lease cost:
Amortization of lease assets873 733 
Interest on lease liabilities71 101 
Finance lease cost944 834 
Variable lease cost696 742 
Total lease cost$4,880 $5,493 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2025March 31, 2026
Weighted-average remaining lease term – operating leases10.0 years10.0 years
Weighted-average remaining lease term – finance leases12.6 years12.8 years
Weighted-average discount rate – operating leases3.7 %3.8 %
Weighted-average discount rate – finance leases3.4 %3.6 %
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 
March 31, 2026
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$110,135 $16,496 $126,631 
Less: imputed interest(18,518)(3,171)(21,689)
Present value of lease liabilities91,617 13,325 104,942 
Less: current portion of lease liabilities(12,550)(1,578)(14,128)
Total long-term lease liabilities$79,067 $11,747 $90,814 
v3.26.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 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 March 31, 2026 (in millions): 
 Nine Months Ended December 31,Year Ended December 31,  
 20262027202820292030ThereafterTotal
Long-term debt principal and interest$5,937 $13,583 $16,657 $11,076 $10,710 $145,575 $203,538 
Operating lease liabilities11,746 13,867 12,934 11,597 10,369 49,622 110,135 
Finance lease liabilities, including interest1,488 1,742 1,848 1,413 1,238 8,767 16,496 
Financing obligations, including interest (1)432 627 638 648 660 7,178 10,183 
Leases not yet commenced5,135 9,617 7,215 7,296 7,292 69,792 106,347 
Unconditional purchase obligations (2)19,143 15,825 8,482 7,327 7,330 45,661 103,768 
Other commitments (3)2,608 1,804 1,171 998 967 11,265 18,813 
Total commitments$46,489 $57,065 $48,945 $40,355 $38,566 $337,860 $569,280 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $358 million and $340 million are recorded within “Accrued expenses and other” and $7.8 billion and $8.2 billion are recorded within “Other long-term liabilities” as of December 31, 2025 and March 31, 2026. The weighted-average remaining term of the financing obligations was 15.0 years and the weighted-average imputed interest rate was 2.9% and 3.1% as of December 31, 2025 and March 31, 2026.
(2)Includes unconditional purchase obligations related to long-term agreements to procure energy, acquire and license digital media content, acquire property and equipment, 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.
(3)Includes asset retirement obligations, the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction, and liabilities associated with digital media content agreements with initial terms greater than one year. Excludes approximately $6.7 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, as supplemented by the following:
In May 2018, Rensselaer Polytechnic Institute and CF Dynamic Advances LLC filed a complaint against Amazon.com, Inc. in the United States District Court for the Northern District of New York. The complaint alleged, among other things, that “Alexa Voice Software and Alexa enabled devices” infringe U.S. Patent No. 7,177,798. The complaint sought an injunction, an unspecified amount of damages, enhanced damages, an ongoing royalty, interest, attorneys’ fees, and costs. In March 2023, the plaintiffs alleged in their damages report that in the event of a finding of liability Amazon could be subject to $140 million to $267 million in damages. In March 2024, the district court granted summary judgment ruling that the patent is invalid and dismissed the case. In April 2024, the plaintiffs filed a notice of appeal. In February 2026, the United States Court of Appeals for the Federal Circuit affirmed the district court’s judgment. This decision is subject to appeal. We dispute the allegations of wrongdoing and will continue to defend ourselves vigorously in this matter.
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.”
v3.26.1
Debt
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt DEBT
As of March 31, 2026, we had $121.8 billion of unsecured senior notes outstanding (the “Notes”), including €14.5 billion ($16.8 billion) and $37.0 billion issued in March 2026 for general corporate purposes. Our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2025March 31, 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
2026 - 2061
1.00% - 3.25%
1.14% - 3.31%
15,000 15,000 
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%
3.97% - 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%
— 16,782 
Other long-term debt836 850 
Total face value of long-term debt68,836 122,632 
Unamortized discount and issuance costs, net(440)(726)
Less: current portion of long-term debt(2,748)(2,832)
Long-term debt$65,648 $119,074 
___________________
(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, December 2022, 2025, March 2026, and March 2026 Euro-denominated Notes were 14.1, 15.2, 17.9, 12.9, 13.5, 4.2, 15.4, 16.7, and 10.3 years as of March 31, 2026. The combined weighted-average remaining life of the Notes was 14.2 years as of March 31, 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.
Interest on the Notes is primarily payable semi-annually in arrears except for the March 2026 Euro-denominated Notes for which interest is primarily payable annually in arrears. We may redeem the Notes at any time in whole, or from time to time, in part at specified redemption prices. The floating rate notes are generally not redeemable prior to maturity. We are not subject to any financial covenants under the Notes.
The estimated fair value of the Notes was approximately $61.1 billion and $113.6 billion as of December 31, 2025 and March 31, 2026, which is based on quoted prices for our debt as of those dates.
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 March 31, 2026. We use the net proceeds from the issuance of commercial paper for general corporate purposes.
We have an aggregate $20.0 billion in unsecured revolving credit facilities with syndicates of lenders, consisting of a $15.0 billion facility (the “Credit Agreement”) and a $5.0 billion 364-day facility (the “Short-Term Credit Agreement”). The Credit Agreement has a term that extends to November 2028 and may 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 Credit Agreement is the applicable benchmark rate specified in the Credit Agreement plus 0.45%, with a commitment fee of 0.03% on the undrawn portion of the credit facility. The Short-Term Credit Agreement matures in October 2026 and may be extended for one additional period of 364 days subject to approval by the lenders. The interest rate applicable to outstanding balances under the Short-Term Credit Agreement is the SOFR specified in the 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 Credit Agreement and the Short-Term Credit Agreement as of December 31, 2025 and March 31, 2026.
We also utilize other short-term credit facilities for working capital purposes. There were $455 million and $152 million of borrowings outstanding under these facilities as of December 31, 2025 and March 31, 2026, which were included in “Accrued expenses and other” on our consolidated balance sheets. In addition, we had $9.4 billion of unused letters of credit as of March 31, 2026.
v3.26.1
Stockholders' Equity
 3 Months Ended
Mar. 31, 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 three months ended March 31, 2025 or 2026. As of March 31, 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 and 10.9 billion as of December 31, 2025 and March 31, 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
March 31,
20252026
Cost of sales$148 $171 
Fulfillment497 601 
Technology and infrastructure2,060 2,286 
Sales and marketing653 663 
General and administrative331 311 
Total stock-based compensation expense$3,689 $4,032 
The following table summarizes our restricted stock unit activity for the three months ended March 31, 2026 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2025222.5 $178 
Units granted7.8 224 
Units vested(23.3)152 
Units forfeited(11.9)175 
Outstanding as of March 31, 2026195.1 183 
Scheduled vesting for outstanding restricted stock units as of March 31, 2026, is as follows (in millions):
 Nine Months Ended December 31,Year Ended December 31,  
 20262027202820292030ThereafterTotal
Scheduled vesting — restricted stock units83.0 67.3 31.3 11.5 1.2 0.8 195.1 
As of March 31, 2026, there was $14.4 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
March 31,
20252026
Total beginning stockholders’ equity$285,970 $411,065 
Beginning common stock111 112 
Stock-based compensation and issuance of employee benefit plan stock— 1 
Ending common stock111 113 
Beginning and ending treasury stock(7,837)(7,837)
Beginning additional paid-in capital120,864 140,024 
Stock-based compensation and issuance of employee benefit plan stock3,650 3,955 
Ending additional paid-in capital124,514 143,979 
Beginning accumulated other comprehensive income (loss)(34)28,230 
Other comprehensive income (loss)(880)(3,362)
Ending accumulated other comprehensive income (loss)(914)24,868 
Beginning retained earnings172,866 250,536 
Net income17,127 30,255 
Ending retained earnings189,993 280,791 
Total ending stockholders’ equity$305,867 $441,914 
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
March 31,
 20252026
Total beginning accumulated other comprehensive income (loss), net of tax of $(1,762) and $(9,384)
$(34)$28,230 
Foreign currency translation adjustments:
Beginning balance, net of tax of $292 and $98
(6,174)(1,948)
Foreign currency translation adjustments, net of tax of $(66) and $(13)
1,535 (764)
Ending balance, net of tax of $226 and $85
(4,639)(2,712)
Unrealized gains (losses) on net investment hedging instruments:
Beginning balance, net of tax of $0 and $0
— — 
Change in net unrealized gains (losses), net of tax of $0 and $24
— (85)
Ending balance, net of tax of $0 and $24
— (85)
Unrealized gains (losses) on available-for-sale debt securities:
Beginning balance, net of tax of $(2,054) and $(9,481)
6,139 30,170 
Change in net unrealized gains (losses), net of tax of $(11) and $(340)
37 826 
Reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $809 and $1,142
(2,454)(3,337)
Ending balance, net of tax of $(1,256) and $(8,679)
3,722 27,659 
Other:
Beginning balance, net of tax of $0 and $(1)
1 8 
Other, net of tax of $1 and $(2)
2 (2)
Ending balance, net of tax of $1 and $(3)
3 6 
Total ending accumulated other comprehensive income (loss), net of tax of $(1,029) and $(8,573)
$(914)$24,868 
v3.26.1
Income Taxes
 3 Months Ended
Mar. 31, 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 three months ended March 31, 2025 was $4.6 billion, which included $559 million of net discrete tax expense. Our income tax provision for the three months ended March 31, 2026 was $9.6 billion, which included $4.1 billion of net discrete tax expense primarily attributable to the net gains from 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 $877 million and $1.3 billion in Q1 2025 and Q1 2026.
As of December 31, 2025 and March 31, 2026, income tax contingencies were approximately $6.6 billion and $6.7 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, 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.
The Indian tax authority (“ITA”) has asserted that tax applies to cloud services fees paid to Amazon in the U.S. We will need to remit taxes related to this matter until it is resolved, which payments could be significant in the aggregate. We believe the ITA’s position is without merit, we are defending our position vigorously, and we expect to recoup taxes paid. If this matter is adversely resolved, we could recognize significant additional tax expense, including for taxes previously paid.
v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 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
March 31,
20252026
North America
Net sales$92,887 $104,143 
Operating expenses87,046 95,876 
Operating income$5,841 $8,267 
International
Net sales$33,513 $39,789 
Operating expenses32,496 38,365 
Operating income$1,017 $1,424 
AWS
Net sales$29,267 $37,587 
Operating expenses17,720 23,426 
Operating income$11,547 $14,161 
Consolidated
Net sales$155,667 $181,519 
Operating expenses137,262 157,667 
Operating income18,405 23,852 
Total non-operating income3,274 15,982 
Provision for income taxes(4,553)(9,560)
Equity-method investment activity, net of tax1 (19)
Net income$17,127 $30,255 
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):    
Three Months Ended
March 31,
20252026
Net Sales:
Online stores (1)$57,407 $64,254 
Physical stores (2)5,533 5,785 
Third-party seller services (3)36,512 41,578 
Advertising services (4)13,921 17,243 
Subscription services (5)11,715 13,427 
AWS29,267 37,587 
Other (6)1,312 1,645 
Consolidated$155,667 $181,519 
____________________________
(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, 2025March 31, 2026
North America (1)$235,652 $241,817 
International (1)81,984 81,000 
AWS (2)252,588 294,121 
Corporate247,818 299,692 
Consolidated$818,042 $916,630 
___________________
(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, 2025March 31, 2026
North America$122,043 $129,241 
International30,632 30,899 
AWS190,055 223,056 
Corporate14,295 14,262 
Consolidated$357,025 $397,458 
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
March 31,
 20252026
North America (1)$5,096 $11,126 
International (1)1,506 1,727 
AWS (2)20,464 41,516 
Corporate383 388 
Consolidated$27,449 $54,757 
___________________
(1)Includes property and equipment added under finance leases of $54 million and $237 million in Q1 2025 and Q1 2026.
(2)Includes property and equipment added under finance leases of $0 million and $1.3 billion in Q1 2025 and Q1 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
March 31,
 20252026
North America$3,530 $4,280 
International1,136 1,277 
AWS4,390 7,277 
Consolidated$9,056 $12,834 
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Accounting Policies and Supplemental Disclosures (Policies)
 3 Months Ended
Mar. 31, 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 March 31, 2026, the energy contract quantities subject to derivative accounting fair value measurements were approximately 200 million megawatt-hours and the weighted-average remaining duration of these contracts is approximately 15 years, with the majority of these megawatt-hours to be delivered beyond the next nine years. The impact of these fair value measurements on our consolidated statement of operations in Q1 2025 and Q1 2026 was not significant.
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.
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 March 2026 Euro-denominated Notes issuance of €14.5 billion creates an exposure to changes in foreign exchange rates. We designated these 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 $2.8 billion as of December 31, 2025 and March 31, 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 March 31, 2026, customer receivables, net, were $40.4 billion and $43.3 billion, vendor receivables, net, were $15.9 billion and $16.4 billion, and other receivables, net, were $4.5 billion and $8.6 billion. Prepaid expenses and other current assets, which include amounts related to satellite network launch services deposits, were $6.9 billion and $7.2 billion as of December 31, 2025 and March 31, 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 $2.6 billion as of December 31, 2025 and March 31, 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 March 31, 2026 were $21.3 billion and $21.5 billion. Total video and music expense was $5.1 billion and $6.0 billion in Q1 2025 and Q1 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 $9.4 billion was recognized as revenue during the three months ended March 31, 2026. Included in “Other long-term liabilities” on our consolidated balance sheets was $4.4 billion of unearned revenue as of December 31, 2025 and March 31, 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 approximately $364 billion as of March 31, 2026. The weighted-average remaining life of our long-term contracts is 5.5 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.
v3.26.1
Accounting Policies and Supplemental Disclosures (Tables)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Three Months Ended
March 31,		Twelve Months Ended
March 31,
2025202620252026
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$236 $274 $1,825 $1,496 
Cash paid for operating leases3,562 4,315 12,571 15,791 
Cash paid for interest on finance leases71 102 284 326 
Cash paid for interest on financing obligations55 76 210 217 
Cash paid for income taxes, net of refunds877 1,323 12,727 8,741 
Assets acquired under operating leases4,321 6,239 15,992 21,848 
Property and equipment acquired under finance leases, net of remeasurements and modifications54 1,565 866 4,422 
Increase (decrease) in property and equipment acquired but not yet paid3,108 9,920 9,736 16,967 
Calculation of Diluted Shares
The following table shows the calculation of diluted shares (in millions):
Three Months Ended
March 31,
20252026
Shares used in computation of basic earnings per share10,603 10,743 
Total dilutive effect of outstanding stock awards190 131 
Shares used in computation of diluted earnings per share10,793 10,874 
Other Income (Expense), Net
Other income (expense), net is as follows (in millions):
Three Months Ended
March 31,
20252026
Marketable equity securities valuation gains (losses), net$(138)$(889)
Equity warrant valuation gains (losses), net(378)(398)
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net 3,263 4,479 
Upward adjustments relating to equity investments in private companies37 12,328 
Foreign currency gains (losses), net(2)160 
Other, net(33)(33)
Total other income (expense), net$2,749 $15,647 
v3.26.1
Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 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, 2025March 31, 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 $14,655 $— $— $14,655 
Level 1:
Money market funds29,777 35,697 — — 35,697 
Equity securities (1)3,687 2,801 
Level 2:
U.S. government and agency securities5,222 4,601 2 (18)4,585 
Corporate debt securities69,585 86,511 13 (29)86,495 
Asset-backed securities1,780 1,711 3 (11)1,703 
Other financial instruments129 29 — — 29 
$126,325 $143,204 $18 $(58)$145,965 
Less: Restricted cash, cash equivalents, and marketable securities (2)(3,296)(2,876)
Total cash, cash equivalents, and marketable securities$123,029 $143,089 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $(205) million and $(883) million in Q1 2025 and Q1 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 March 31, 2026 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$119,054 $119,043 
Due after one year through five years8,083 8,076 
Due after five years through ten years463 461 
Due after ten years949 929 
Total$128,549 $128,509 
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, 2025March 31, 2026
Cash and cash equivalents$86,810 $101,816 
Restricted cash included in “Accounts receivable, net and other”
300 330 
Restricted cash included in “Other assets”
2,996 2,546 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$90,106 $104,692 
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, 2025March 31, 2026
Cash and cash equivalents$86,810 $101,816 
Restricted cash included in “Accounts receivable, net and other”
300 330 
Restricted cash included in “Other assets”
2,996 2,546 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$90,106 $104,692 
v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Lease Cost
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended March 31,
20252026
Operating lease cost$3,240 $3,917 
Finance lease cost:
Amortization of lease assets873 733 
Interest on lease liabilities71 101 
Finance lease cost944 834 
Variable lease cost696 742 
Total lease cost$4,880 $5,493 
Other Information about Lease Amounts Recognized
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2025March 31, 2026
Weighted-average remaining lease term – operating leases10.0 years10.0 years
Weighted-average remaining lease term – finance leases12.6 years12.8 years
Weighted-average discount rate – operating leases3.7 %3.8 %
Weighted-average discount rate – finance leases3.4 %3.6 %
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 
March 31, 2026
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$110,135 $16,496 $126,631 
Less: imputed interest(18,518)(3,171)(21,689)
Present value of lease liabilities91,617 13,325 104,942 
Less: current portion of lease liabilities(12,550)(1,578)(14,128)
Total long-term lease liabilities$79,067 $11,747 $90,814 
v3.26.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 2026 (in millions): 
 Nine Months Ended December 31,Year Ended December 31,  
 20262027202820292030ThereafterTotal
Long-term debt principal and interest$5,937 $13,583 $16,657 $11,076 $10,710 $145,575 $203,538 
Operating lease liabilities11,746 13,867 12,934 11,597 10,369 49,622 110,135 
Finance lease liabilities, including interest1,488 1,742 1,848 1,413 1,238 8,767 16,496 
Financing obligations, including interest (1)432 627 638 648 660 7,178 10,183 
Leases not yet commenced5,135 9,617 7,215 7,296 7,292 69,792 106,347 
Unconditional purchase obligations (2)19,143 15,825 8,482 7,327 7,330 45,661 103,768 
Other commitments (3)2,608 1,804 1,171 998 967 11,265 18,813 
Total commitments$46,489 $57,065 $48,945 $40,355 $38,566 $337,860 $569,280 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $358 million and $340 million are recorded within “Accrued expenses and other” and $7.8 billion and $8.2 billion are recorded within “Other long-term liabilities” as of December 31, 2025 and March 31, 2026. The weighted-average remaining term of the financing obligations was 15.0 years and the weighted-average imputed interest rate was 2.9% and 3.1% as of December 31, 2025 and March 31, 2026.
(2)Includes unconditional purchase obligations related to long-term agreements to procure energy, acquire and license digital media content, acquire property and equipment, 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.
(3)Includes asset retirement obligations, the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction, and liabilities associated with digital media content agreements with initial terms greater than one year. Excludes approximately $6.7 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.
v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Long-Term Debt Obligations
As of March 31, 2026, we had $121.8 billion of unsecured senior notes outstanding (the “Notes”), including €14.5 billion ($16.8 billion) and $37.0 billion issued in March 2026 for general corporate purposes. Our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2025March 31, 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
2026 - 2061
1.00% - 3.25%
1.14% - 3.31%
15,000 15,000 
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%
3.97% - 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%
— 16,782 
Other long-term debt836 850 
Total face value of long-term debt68,836 122,632 
Unamortized discount and issuance costs, net(440)(726)
Less: current portion of long-term debt(2,748)(2,832)
Long-term debt$65,648 $119,074 
___________________
(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, December 2022, 2025, March 2026, and March 2026 Euro-denominated Notes were 14.1, 15.2, 17.9, 12.9, 13.5, 4.2, 15.4, 16.7, and 10.3 years as of March 31, 2026. The combined weighted-average remaining life of the Notes was 14.2 years as of March 31, 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.
v3.26.1
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stock-Based Compensation Expense Stock-based compensation expense is as follows (in millions):
Three Months Ended
March 31,
20252026
Cost of sales$148 $171 
Fulfillment497 601 
Technology and infrastructure2,060 2,286 
Sales and marketing653 663 
General and administrative331 311 
Total stock-based compensation expense$3,689 $4,032 
Restricted Stock Unit Activity
The following table summarizes our restricted stock unit activity for the three months ended March 31, 2026 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2025222.5 $178 
Units granted7.8 224 
Units vested(23.3)152 
Units forfeited(11.9)175 
Outstanding as of March 31, 2026195.1 183 
Scheduled Vesting for Outstanding Restricted Stock Units
Scheduled vesting for outstanding restricted stock units as of March 31, 2026, is as follows (in millions):
 Nine Months Ended December 31,Year Ended December 31,  
 20262027202820292030ThereafterTotal
Scheduled vesting — restricted stock units83.0 67.3 31.3 11.5 1.2 0.8 195.1 
Changes in Stockholders' Equity
The following table shows changes in stockholders’ equity (in millions):
Three Months Ended
March 31,
20252026
Total beginning stockholders’ equity$285,970 $411,065 
Beginning common stock111 112 
Stock-based compensation and issuance of employee benefit plan stock— 1 
Ending common stock111 113 
Beginning and ending treasury stock(7,837)(7,837)
Beginning additional paid-in capital120,864 140,024 
Stock-based compensation and issuance of employee benefit plan stock3,650 3,955 
Ending additional paid-in capital124,514 143,979 
Beginning accumulated other comprehensive income (loss)(34)28,230 
Other comprehensive income (loss)(880)(3,362)
Ending accumulated other comprehensive income (loss)(914)24,868 
Beginning retained earnings172,866 250,536 
Net income17,127 30,255 
Ending retained earnings189,993 280,791 
Total ending stockholders’ equity$305,867 $441,914 
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
March 31,
 20252026
Total beginning accumulated other comprehensive income (loss), net of tax of $(1,762) and $(9,384)
$(34)$28,230 
Foreign currency translation adjustments:
Beginning balance, net of tax of $292 and $98
(6,174)(1,948)
Foreign currency translation adjustments, net of tax of $(66) and $(13)
1,535 (764)
Ending balance, net of tax of $226 and $85
(4,639)(2,712)
Unrealized gains (losses) on net investment hedging instruments:
Beginning balance, net of tax of $0 and $0
— — 
Change in net unrealized gains (losses), net of tax of $0 and $24
— (85)
Ending balance, net of tax of $0 and $24
— (85)
Unrealized gains (losses) on available-for-sale debt securities:
Beginning balance, net of tax of $(2,054) and $(9,481)
6,139 30,170 
Change in net unrealized gains (losses), net of tax of $(11) and $(340)
37 826 
Reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $809 and $1,142
(2,454)(3,337)
Ending balance, net of tax of $(1,256) and $(8,679)
3,722 27,659 
Other:
Beginning balance, net of tax of $0 and $(1)
1 8 
Other, net of tax of $1 and $(2)
2 (2)
Ending balance, net of tax of $1 and $(3)
3 6 
Total ending accumulated other comprehensive income (loss), net of tax of $(1,029) and $(8,573)
$(914)$24,868 
v3.26.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 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
March 31,
20252026
North America
Net sales$92,887 $104,143 
Operating expenses87,046 95,876 
Operating income$5,841 $8,267 
International
Net sales$33,513 $39,789 
Operating expenses32,496 38,365 
Operating income$1,017 $1,424 
AWS
Net sales$29,267 $37,587 
Operating expenses17,720 23,426 
Operating income$11,547 $14,161 
Consolidated
Net sales$155,667 $181,519 
Operating expenses137,262 157,667 
Operating income18,405 23,852 
Total non-operating income3,274 15,982 
Provision for income taxes(4,553)(9,560)
Equity-method investment activity, net of tax1 (19)
Net income$17,127 $30,255 
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
March 31,
20252026
Net Sales:
Online stores (1)$57,407 $64,254 
Physical stores (2)5,533 5,785 
Third-party seller services (3)36,512 41,578 
Advertising services (4)13,921 17,243 
Subscription services (5)11,715 13,427 
AWS29,267 37,587 
Other (6)1,312 1,645 
Consolidated$155,667 $181,519 
____________________________
(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.
Reconciliation of Assets from Segment to Consolidated
Total segment assets reconciled to consolidated amounts are as follows (in millions):
 December 31, 2025March 31, 2026
North America (1)$235,652 $241,817 
International (1)81,984 81,000 
AWS (2)252,588 294,121 
Corporate247,818 299,692 
Consolidated$818,042 $916,630 
___________________
(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, 2025March 31, 2026
North America$122,043 $129,241 
International30,632 30,899 
AWS190,055 223,056 
Corporate14,295 14,262 
Consolidated$357,025 $397,458 
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
March 31,
 20252026
North America (1)$5,096 $11,126 
International (1)1,506 1,727 
AWS (2)20,464 41,516 
Corporate383 388 
Consolidated$27,449 $54,757 
___________________
(1)Includes property and equipment added under finance leases of $54 million and $237 million in Q1 2025 and Q1 2026.
(2)Includes property and equipment added under finance leases of $0 million and $1.3 billion in Q1 2025 and Q1 2026.
Total depreciation and amortization expense, by segment, is as follows (in millions):
 Three Months Ended
March 31,
 20252026
North America$3,530 $4,280 
International1,136 1,277 
AWS4,390 7,277 
Consolidated$9,056 $12,834 
v3.26.1
Accounting Policies and Supplemental Disclosures - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid for interest on debt, net of capitalized interest $ 274 $ 236 $ 1,496 $ 1,825
Cash paid for operating leases 4,315 3,562 15,791 12,571
Cash paid for interest on finance leases 102 71 326 284
Cash paid for interest on financing obligations 76 55 217 210
Cash paid for income taxes, net of refunds 1,323 877 8,741 12,727
Assets acquired under operating leases 6,239 4,321 21,848 15,992
Property and equipment acquired under finance leases, net of remeasurements and modifications 1,565 54 4,422 866
Increase (decrease) in property and equipment acquired but not yet paid $ 9,920 $ 3,108 $ 16,967 $ 9,736
v3.26.1
Accounting Policies and Supplemental Disclosures - Calculation of Diluted Shares (Details) - shares
shares in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Accounting Policies [Abstract]    
Shares used in computation of basic earnings per share (in shares) 10,743 10,603
Total dilutive effect of outstanding stock awards (in shares) 131 190
Shares used in computation of diluted earnings per share (in shares) 10,874 10,793
v3.26.1
Accounting Policies and Supplemental Disclosures - Other Income (Expense), Net (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Accounting Policies [Abstract]    
Marketable equity securities valuation gains (losses), net $ (889) $ (138)
Equity warrant valuation gains (losses), net (398) (378)
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net 4,479 3,263
Upward adjustments relating to equity investments in private companies 12,328 37
Foreign currency gains (losses), net 160 (2)
Other, net (33) (33)
Total other income (expense), net $ 15,647 $ 2,749
v3.26.1
Accounting Policies and Supplemental Disclosures - Derivative Instruments (Details)
MWh in Millions, € in Billions, $ in Billions
 3 Months Ended
Mar. 31, 2026
EUR (€)
MWh
Mar. 31, 2026
USD ($)
Derivative [Line Items]    
Energy contract quantity 200  
Period for which the majority of mega-watt hours is expected to be delivered 9 years  
March 2026 Euro-denominated Notes issuance of €14.5 billion | Senior Notes    
Derivative [Line Items]    
Issuance amount € 14.5 $ 16.8
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 15 years  
v3.26.1
Accounting Policies and Supplemental Disclosures - Inventories (Details) - USD ($)
$ in Billions
Mar. 31, 2026
Dec. 31, 2025
Accounting Policies [Abstract]    
Inventory valuation allowance $ 2.8 $ 3.3
v3.26.1
Accounting Policies and Supplemental Disclosures - Accounts Receivable, Net and Other (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other $ 75,532 $ 67,729
Prepaid expenses and other current assets 7,200 6,900
Allowance for doubtful accounts 2,600 2,400
Customer receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other 43,300 40,400
Vendor receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other 16,400 15,900
Other receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other $ 8,600 $ 4,500
v3.26.1
Accounting Policies and Supplemental Disclosures - Digital Video and Music Content (Details) - USD ($)
$ in Billions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Accounting Policies [Abstract]      
Digital video and music content, capitalized costs $ 21.5   $ 21.3
Digital video and music content, expense $ 6.0 $ 5.1  
v3.26.1
Accounting Policies and Supplemental Disclosures - Unearned Revenue (Details) - USD ($)
$ in Billions
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Unearned revenue   $ 25.0
Unearned revenue, revenue recognized $ 9.4  
Unearned revenue, long-term 4.4 $ 4.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Remaining performance obligation, contracts exceeding one year $ 364.0  
Remaining performance obligation, weighted average remaining life 5 years 6 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01 | 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  
v3.26.1
Financial Instruments - Fair Values on Recurring Basis (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Schedule of Investments [Line Items]      
Cash and time deposits $ 14,655   $ 16,145
Debt Securities, Available-for-sale      
Gross Unrealized Gains 18    
Gross Unrealized Losses (58)    
Total Estimated Fair Value 42,200   45,800
Cash, Cash Equivalents, and Marketable Securities      
Cash, cash equivalents and marketable securities 145,965   126,325
Cash, cash equivalents and marketable securities, amortized cost 143,204    
Less: Restricted cash, cash equivalents, and marketable securities (2,876)   (3,296)
Total cash, cash equivalents, and marketable securities 143,089   123,029
Equity Securities, FV-NI, Gain (Loss)      
Equity securities, unrealized gain (loss) (883) $ (205)  
Level 1 securities      
Schedule of Investments [Line Items]      
Money market funds 35,697   29,777
Equity securities 2,801   3,687
Level 1 securities | Money market funds      
Schedule of Investments [Line Items]      
Money market funds 35,697    
Level 2 securities | U.S. government and agency securities      
Debt Securities, Available-for-sale      
Cost or Amortized Cost 4,601    
Gross Unrealized Gains 2    
Gross Unrealized Losses (18)    
Total Estimated Fair Value 4,585   5,222
Level 2 securities | Corporate debt securities      
Debt Securities, Available-for-sale      
Cost or Amortized Cost 86,511    
Gross Unrealized Gains 13    
Gross Unrealized Losses (29)    
Total Estimated Fair Value 86,495   69,585
Level 2 securities | Asset-backed securities      
Debt Securities, Available-for-sale      
Cost or Amortized Cost 1,711    
Gross Unrealized Gains 3    
Gross Unrealized Losses (11)    
Total Estimated Fair Value 1,703   1,780
Level 2 securities | Other financial instruments      
Debt Securities, Available-for-sale      
Cost or Amortized Cost 29    
Gross Unrealized Gains 0    
Gross Unrealized Losses 0    
Total Estimated Fair Value $ 29   $ 129
v3.26.1
Financial Instruments - Contractual Maturities (Details)
$ in Millions
Mar. 31, 2026
USD ($)
Amortized Cost  
Due within one year $ 119,054
Due after one year through five years 8,083
Due after five years through ten years 463
Due after ten years 949
Amortized cost 128,549
Estimated Fair Value  
Due within one year 119,043
Due after one year through five years 8,076
Due after five years through ten years 461
Due after ten years 929
Estimated fair value $ 128,509
v3.26.1
Financial Instruments - Non-Marketable Equity Investments (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended 30 Months Ended
Apr. 29, 2026
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2025
Derivative [Line Items]          
Payments to acquire convertible notes         $ 8,000
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net   $ 4,479 $ 3,263    
Upward adjustments relating to equity investments in private companies   12,328 $ 37    
Equity investments without readily determinable fair values   48,100   $ 16,200 16,200
Fair value of convertible notes   42,200   45,800 45,800
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net   36,300   39,500  
Equity method investments   923   659 659
Credit Facility          
Derivative [Line Items]          
Revolving credit facility maximum borrowing capacity   20,000      
Subsequent Event          
Derivative [Line Items]          
Option to acquire equity securities $ 5,000        
Subsequent Event | Credit Facility | Anthropic          
Derivative [Line Items]          
Revolving credit facility maximum borrowing capacity $ 20,000        
Expiration period after a liquidity event 30 months        
Preferred Stock          
Derivative [Line Items]          
Equity investments without readily determinable fair values   32,000   14,800 14,800
Preferred Stock | Subsequent Event          
Derivative [Line Items]          
Equity investments without readily determinable fair values $ 5,000        
Series C Preferred Stock          
Derivative [Line Items]          
Equity investments without readily determinable fair values   15,000      
Option to acquire equity securities   35,000      
Warrant | Level 2 assets          
Derivative [Line Items]          
Fair value of warrant assets   $ 2,400   $ 2,700 $ 2,700
v3.26.1
Financial Instruments - Consolidated Statements of Cash Flows Reconciliation (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]          
Cash and cash equivalents $ 101,816 $ 86,810      
Restricted cash included in “Accounts receivable, net and other” 330 300      
Restricted cash included in “Other assets” 2,546 2,996      
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 104,692 $ 90,106 $ 69,893 $ 82,312 $ 73,332
v3.26.1
Leases - Additional Information (Details) - USD ($)
$ in Billions
Mar. 31, 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 $ 40.4 $ 40.4
v3.26.1
Leases - Lease Cost (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Leases [Abstract]    
Operating lease cost $ 3,917 $ 3,240
Finance lease cost:    
Amortization of lease assets 733 873
Interest on lease liabilities 101 71
Finance lease cost 834 944
Variable lease cost 742 696
Total lease cost $ 5,493 $ 4,880
v3.26.1
Leases - Other Operating and Finance Lease Information (Details)
Mar. 31, 2026
Dec. 31, 2025
Leases [Abstract]    
Weighted-average remaining lease term – operating leases 10 years 10 years
Weighted-average remaining lease term – finance leases 12 years 9 months 18 days 12 years 7 months 6 days
Weighted-average discount rate – operating leases 3.80% 3.70%
Weighted-average discount rate – finance leases 3.60% 3.40%
v3.26.1
Leases - Operating and Finance Lease Liability Reconciliation (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Leases [Abstract]    
Total operating lease liabilities $ 110,135 $ 106,914
Total finance lease liabilities 16,496 14,917
Gross lease liabilities 126,631 121,831
Imputed interest - operating leases (18,518) (17,662)
Imputed interest - finance leases (3,171) (2,631)
Imputed interest (21,689) (20,293)
Present value of operating leases 91,617 89,252
Present value of finance leases 13,325 12,286
Present value of lease liabilities $ 104,942 $ 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 $ (12,550) $ (12,655)
Current portion of finance lease liabilities (1,578) (1,544)
Current portion of lease liabilities $ (14,128) $ (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 $ 79,067 $ 76,597
Total long-term finance lease liabilities 11,747 10,742
Total long-term lease liabilities $ 90,814 $ 87,339
v3.26.1
Commitments and Contingencies - Commitments (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Long-term debt principal and interest    
2026 $ 5,937  
2027 13,583  
2028 16,657  
2029 11,076  
2030 10,710  
Thereafter 145,575  
Total 203,538  
Operating lease liabilities    
2026 11,746  
2027 13,867  
2028 12,934  
2029 11,597  
2030 10,369  
Thereafter 49,622  
Total operating lease liabilities 110,135 $ 106,914
Finance lease liabilities, including interest    
2026 1,488  
2027 1,742  
2028 1,848  
2029 1,413  
2030 1,238  
Thereafter 8,767  
Total finance lease liabilities 16,496 14,917
Financing obligations, including interest    
2026 432  
2027 627  
2028 638  
2029 648  
2030 660  
Thereafter 7,178  
Total 10,183  
Other commitments    
2026 2,608  
2027 1,804  
2028 1,171  
2029 998  
2030 967  
Thereafter 11,265  
Total 18,813  
Total commitments    
2026 46,489  
2027 57,065  
2028 48,945  
2029 40,355  
2030 38,566  
Thereafter 337,860  
Total 569,280  
Financing obligations, current 340 358
Financing obligations, noncurrent $ 8,200 $ 7,800
Financing obligations, weighted-average remaining term 15 years 15 years
Financing obligations, weighted-average imputed interest rate 3.10% 2.90%
Accrued tax contingencies $ 6,700 $ 6,600
Leases not yet commenced    
Leases not yet commenced and Unconditional purchase obligations    
2026 5,135  
2027 9,617  
2028 7,215  
2029 7,296  
2030 7,292  
Thereafter 69,792  
Total 106,347  
Unconditional purchase obligations    
Leases not yet commenced and Unconditional purchase obligations    
2026 19,143  
2027 15,825  
2028 8,482  
2029 7,327  
2030 7,330  
Thereafter 45,661  
Total $ 103,768  
v3.26.1
Commitments and Contingencies - Additional Information (Details) - Globalstar, Inc. - Subsequent Event
$ / shares in Units, $ in Millions
 12 Months Ended
Apr. 13, 2026
USD ($)
$ / shares
shares
Dec. 31, 2027
USD ($)
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 acquistion | $ $ 10,900  
Forecast | Maximum    
Business Combination [Line Items]    
Maximum downward adjustment | $   $ 110
v3.26.1
Commitments and Contingencies - Legal Proceedings (Details) - Legal Proceedings With Rensselaer Polytechnic Institute and CF Dynamic Advances LLC - Pending Litigation
$ in Millions
Mar. 31, 2023
USD ($)
Minimum  
Loss Contingencies [Line Items]  
Estimate of possible loss $ 140
Maximum  
Loss Contingencies [Line Items]  
Estimate of possible loss $ 267
v3.26.1
Debt - Additional Information (Details)
$ in Millions, € in Billions
 3 Months Ended
Mar. 31, 2026
USD ($)
extension
Mar. 31, 2026
EUR (€)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]      
Notes outstanding $ 122,632   $ 68,836
Short-term debt 152   455
Credit Facility      
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
The Credit Agreement | Credit Facility      
Debt Instrument [Line Items]      
Revolving credit facility maximum borrowing capacity $ 15,000    
Basis spread on variable rate (as a percent) 0.45%    
Commitment fee percentage 0.03%    
Short-term debt $ 0   0
Short-Term Credit Agreement | Credit Facility      
Debt Instrument [Line Items]      
Debt term 364 days    
Revolving credit facility maximum borrowing capacity $ 5,000    
Additional term 364 days    
Basis spread on variable rate (as a percent) 0.45%    
Commitment fee percentage 0.03%    
Short-term debt $ 0   0
Number of term extensions | extension 1    
Senior Notes      
Debt Instrument [Line Items]      
Notes outstanding $ 121,800    
Estimated fair value of notes $ 113,600   $ 61,100
Credit Facility | Revolving Credit Facility | The Credit Agreement      
Debt Instrument [Line Items]      
Additional term 1 year    
Credit Facility | Letter of Credit | April 2018 Revolving Credit Facility      
Debt Instrument [Line Items]      
Unused letters of credit $ 9,400    
v3.26.1
Debt - Long-Term Debt Obligations (Details)
$ in Millions, € in Billions
 3 Months Ended
Mar. 31, 2026
EUR (€)
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]      
Face value of long-term debt   $ 122,632 $ 68,836
Total face value of long-term debt   122,632 68,836
Less: current portion of long-term debt   (2,832) (2,748)
Long-term debt   119,074 65,648
Senior Notes      
Debt Instrument [Line Items]      
Face value of long-term debt   121,800  
Total face value of long-term debt   121,800  
Unamortized discount and issuance costs, net   (726) (440)
Weighted average remaining lives term 14 years 2 months 12 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 14 years 1 month 6 days    
Senior Notes | 2014 Notes issuance of $6.0 billion | Minimum      
Debt Instrument [Line Items]      
Stated Interest Rates 4.80% 4.80%  
Effective Interest Rates 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%  
Effective Interest Rates 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 15 years 2 months 12 days    
Senior Notes | 2017 Notes issuance of $17.0 billion | Minimum      
Debt Instrument [Line Items]      
Stated Interest Rates 3.15% 3.15%  
Effective Interest Rates 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%  
Effective Interest Rates 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 10 months 24 days    
Senior Notes | 2020 Notes issuance of $10.0 billion | Minimum      
Debt Instrument [Line Items]      
Stated Interest Rates 1.20% 1.20%  
Effective Interest Rates 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%  
Effective Interest Rates 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   15,000 15,000
Total face value of long-term debt   $ 15,000 15,000
Weighted average remaining lives term 12 years 10 months 24 days    
Senior Notes | 2021 Notes issuance of $18.5 billion | Minimum      
Debt Instrument [Line Items]      
Stated Interest Rates 1.00% 1.00%  
Effective Interest Rates 1.14% 1.14%  
Senior Notes | 2021 Notes issuance of $18.5 billion | Maximum      
Debt Instrument [Line Items]      
Stated Interest Rates 3.25% 3.25%  
Effective Interest Rates 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 6 months    
Senior Notes | April 2022 Notes issuance of $12.8 billion | Minimum      
Debt Instrument [Line Items]      
Stated Interest Rates 3.30% 3.30%  
Effective Interest Rates 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%  
Effective Interest Rates 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 4 years 2 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%  
Effective Interest Rates 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%  
Effective Interest Rates 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 15 years 4 months 24 days    
Senior Notes | 2025 Notes issuance of $15.0 billion | Minimum      
Debt Instrument [Line Items]      
Stated Interest Rates 3.90% 3.90%  
Effective Interest Rates 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%  
Effective Interest Rates 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 8 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%  
Effective Interest Rates 3.97% 3.97%  
Senior Notes | March 2026 Notes issuance of $37.0 billion | Maximum      
Debt Instrument [Line Items]      
Stated Interest Rates 6.05% 6.05%  
Effective Interest Rates 6.12% 6.12%  
Senior Notes | Floating Rate Notes due 2028 and 2029      
Debt Instrument [Line Items]      
Issuance amount   $ 2,800  
Senior Notes | Floating Rate Notes due 2028      
Debt Instrument [Line Items]      
Stated Interest Rates 0.44% 0.44%  
Senior Notes | Floating Rate Notes due 2029      
Debt Instrument [Line Items]      
Stated Interest Rates 0.59% 0.59%  
Senior Notes | March 2026 Euro-denominated Notes issuance of €14.5 billion      
Debt Instrument [Line Items]      
Issuance amount € 14.5 $ 16,800  
Face value of long-term debt   16,782 0
Total face value of long-term debt   $ 16,782 0
Weighted average remaining lives term 10 years 3 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%  
Effective Interest Rates 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%  
Effective Interest Rates 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%  
Other long-term debt      
Debt Instrument [Line Items]      
Face value of long-term debt   $ 850 836
Total face value of long-term debt   $ 850 $ 836
v3.26.1
Stockholders' Equity - Additional Information (Details) - USD ($)
shares in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 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) 10,900.0   11,000.0  
Net unrecognized compensation cost related to unvested stock-based compensation arrangements $ 14,400,000,000      
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
v3.26.1
Stockholders' Equity - Stock-based Compensation Expense (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense $ 4,032 $ 3,689
Cost of sales    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 171 148
Fulfillment    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 601 497
Technology and infrastructure    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 2,286 2,060
Sales and marketing    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 663 653
General and administrative    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense $ 311 $ 331
v3.26.1
Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units
shares in Millions
 3 Months Ended
Mar. 31, 2026
$ / shares
shares
Number of Units  
Beginning balance (in shares) | shares 222.5
Units granted (in shares) | shares 7.8
Units vested (in shares) | shares (23.3)
Units forfeited (in shares) | shares (11.9)
Ending balance (in shares) | shares 195.1
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 152
Units forfeited (in usd per share) | $ / shares 175
Ending balance (in usd per share) | $ / shares $ 183
v3.26.1
Stockholders' Equity - Scheduled Vesting for Outstanding Restricted Stock Units (Details) - Restricted Stock Units - shares
shares in Millions
Mar. 31, 2026
Dec. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
2026 (in shares) 83.0  
2027 (in shares) 67.3  
2028 (in shares) 31.3  
2029 (in shares) 11.5  
2030 (in shares) 1.2  
Thereafter (in shares) 0.8  
Total (in shares) 195.1 222.5
v3.26.1
Stockholders' Equity - Changes in Stockholders Equity (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Changes in Stockholders' Equity        
Beginning balance $ 411,065 $ 285,970 $ 305,867  
Other comprehensive income (loss) (3,362) (880)    
Net income 30,255 17,127 90,798 $ 65,944
Ending balance 441,914 305,867 441,914 305,867
Common stock        
Changes in Stockholders' Equity        
Beginning balance 112 111 111  
Stock-based compensation and issuance of employee benefit plan stock 1 0    
Ending balance 113 111 113 111
Treasury stock        
Changes in Stockholders' Equity        
Beginning balance (7,837) (7,837) (7,837)  
Ending balance (7,837) (7,837) (7,837) (7,837)
Additional paid-in capital        
Changes in Stockholders' Equity        
Beginning balance 140,024 120,864 124,514  
Stock-based compensation and issuance of employee benefit plan stock 3,955 3,650    
Ending balance 143,979 124,514 143,979 124,514
Accumulated other comprehensive income (loss)        
Changes in Stockholders' Equity        
Beginning balance 28,230 (34) (914)  
Other comprehensive income (loss) (3,362) (880)    
Ending balance 24,868 (914) 24,868 (914)
Retained earnings        
Changes in Stockholders' Equity        
Beginning balance 250,536 172,866 189,993  
Net income 30,255 17,127    
Ending balance $ 280,791 $ 189,993 $ 280,791 $ 189,993
v3.26.1
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance $ 411,065 $ 285,970
Ending balance 441,914 305,867
Accumulated other comprehensive income (loss)    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance 28,230 (34)
Ending balance 24,868 (914)
Foreign currency translation adjustments    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance (1,948) (6,174)
Foreign currency translation adjustments and other, net of tax (764) 1,535
Ending balance (2,712) (4,639)
Unrealized gains (losses) on net investment hedging instruments    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance 0 0
Change in net unrealized gains (losses) (85) 0
Ending balance (85) 0
Unrealized gains (losses) on available-for-sale debt securities    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance 30,170 6,139
Change in net unrealized gains (losses) 826 37
Reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $809 and $1,142 (3,337) (2,454)
Ending balance 27,659 3,722
Other    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Beginning balance 8 1
Foreign currency translation adjustments and other, net of tax (2) 2
Ending balance $ 6 $ 3
v3.26.1
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Foreign currency translation adjustments, tax $ 13 $ 66    
Unrealized gains (losses), tax 340 11    
Other comprehensive income, other, tax (2) 1    
Accumulated other comprehensive income (loss)        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Other comprehensive income (loss), tax (8,573) (1,029) $ (9,384) $ (1,762)
Foreign currency translation adjustments        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Other comprehensive income (loss), tax 85 226 98 292
Foreign currency translation adjustments, tax (13) (66)    
Unrealized gains (losses) on net investment hedging instruments        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Other comprehensive income (loss), tax 24 0 0 0
Change in net unrealized gains (losses), tax 24 0    
Unrealized gains (losses) on available-for-sale debt securities        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Other comprehensive income (loss), tax (8,679) (1,256) (9,481) (2,054)
Unrealized gains (losses), tax (340) (11)    
Reclassification adjustment for losses (gains) included in “Other income (expense), net,” tax 1,142 809    
Other        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Other comprehensive income (loss), tax (3) 1 $ (1) $ 0
Other comprehensive income, other, tax $ (2) $ 1    
v3.26.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Income Tax Disclosure [Abstract]          
Provision for income taxes $ 9,560 $ 4,553      
Net discrete tax expense 4,100 559      
Cash paid for income taxes, net of refunds 1,323 $ 877 $ 8,741 $ 12,727  
Tax contingencies $ 6,700   $ 6,700   $ 6,600
v3.26.1
Segment Information - Reportable Segments and Reconciliation to Consolidated Net Income (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
segment
Mar. 31, 2025
USD ($)
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Segment Reporting [Abstract]        
Number of operating segments | segment 3      
Number of reportable segments | segment 3      
Segment Reporting Disclosure [Line Items]        
Net sales $ 181,519 $ 155,667    
Operating expenses 157,667 137,262    
Operating income 23,852 18,405    
Total non-operating income 15,982 3,274    
Provision for income taxes (9,560) (4,553)    
Equity-method investment activity, net of tax (19) 1    
Net income 30,255 17,127 $ 90,798 $ 65,944
North America        
Segment Reporting Disclosure [Line Items]        
Net sales 104,143 92,887    
Operating expenses 95,876 87,046    
Operating income 8,267 5,841    
International        
Segment Reporting Disclosure [Line Items]        
Net sales 39,789 33,513    
Operating expenses 38,365 32,496    
Operating income 1,424 1,017    
AWS        
Segment Reporting Disclosure [Line Items]        
Net sales 37,587 29,267    
Operating expenses 23,426 17,720    
Operating income $ 14,161 $ 11,547    
v3.26.1
Segment Information - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]    
Total net sales $ 181,519 $ 155,667
Online stores    
Disaggregation of Revenue [Line Items]    
Total net sales 64,254 57,407
Physical stores    
Disaggregation of Revenue [Line Items]    
Total net sales 5,785 5,533
Third-party seller services    
Disaggregation of Revenue [Line Items]    
Total net sales 41,578 36,512
Advertising services    
Disaggregation of Revenue [Line Items]    
Total net sales 17,243 13,921
Subscription services    
Disaggregation of Revenue [Line Items]    
Total net sales 13,427 11,715
AWS    
Disaggregation of Revenue [Line Items]    
Total net sales 37,587 29,267
Other    
Disaggregation of Revenue [Line Items]    
Total net sales $ 1,645 $ 1,312
v3.26.1
Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets $ 916,630 $ 818,042
Operating Segments | North America    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets 241,817 235,652
Operating Segments | International    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets 81,000 81,984
Operating Segments | AWS    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets 294,121 252,588
Corporate    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets $ 299,692 $ 247,818
v3.26.1
Segment Information - Reconciliation of Property and Equipment from Segments to Consolidated (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Segment Reporting, Other Significant Reconciling Item [Line Items]    
Property and equipment, net $ 397,458 $ 357,025
Operating Segments | North America    
Segment Reporting, Other Significant Reconciling Item [Line Items]    
Property and equipment, net 129,241 122,043
Operating Segments | International    
Segment Reporting, Other Significant Reconciling Item [Line Items]    
Property and equipment, net 30,899 30,632
Operating Segments | AWS    
Segment Reporting, Other Significant Reconciling Item [Line Items]    
Property and equipment, net 223,056 190,055
Corporate    
Segment Reporting, Other Significant Reconciling Item [Line Items]    
Property and equipment, net $ 14,262 $ 14,295
v3.26.1
Segment Information - Reconciliation of Property and Equipment Additions from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Disclosure [Line Items]    
Property and equipment additions $ 54,757 $ 27,449
Operating Segments | North America and International | Assets held under finance leases    
Segment Reporting Disclosure [Line Items]    
Property and equipment additions 237 54
Operating Segments | North America    
Segment Reporting Disclosure [Line Items]    
Property and equipment additions 11,126 5,096
Operating Segments | International    
Segment Reporting Disclosure [Line Items]    
Property and equipment additions 1,727 1,506
Operating Segments | AWS    
Segment Reporting Disclosure [Line Items]    
Property and equipment additions 41,516 20,464
Operating Segments | AWS | Assets held under finance leases    
Segment Reporting Disclosure [Line Items]    
Property and equipment additions 1,300 0
Corporate    
Segment Reporting Disclosure [Line Items]    
Property and equipment additions $ 388 $ 383
v3.26.1
Segment Information - Depreciation and Amortization Expense, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Disclosure [Line Items]    
Depreciation and amortization expense $ 12,834 $ 9,056
North America    
Segment Reporting Disclosure [Line Items]    
Depreciation and amortization expense 4,280 3,530
International    
Segment Reporting Disclosure [Line Items]    
Depreciation and amortization expense 1,277 1,136
AWS    
Segment Reporting Disclosure [Line Items]    
Depreciation and amortization expense $ 7,277 $ 4,390