AMAZON COM INC, 10-Q filed on 7/31/2026
Quarterly Report
v3.26.1
Cover - shares
 6 Months Ended
Jun. 30, 2026
Jul. 22, 2026
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2026  
Document Transition Report false  
Entity File Number 001-43202  
Entity Registrant Name AMAZON.COM, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 91-1646860  
Entity Address, Address Line One 410 Terry Avenue North  
Entity Address, City or Town Seattle,  
Entity Address, State or Province WA  
Entity Address, Postal Zip Code 98109-5210  
City Area Code 206  
Local Phone Number 266-1000  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   10,786,313,572
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q2  
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 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Cash Flows [Abstract]            
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 104,692 $ 69,893 $ 90,106 $ 82,312 $ 61,453 $ 71,673
OPERATING ACTIVITIES:            
Net income 62,647 18,164 92,902 35,291 135,281 70,623
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 19,988 15,227 38,933 29,489 75,200 58,562
Stock-based compensation 6,038 6,534 10,070 10,223 19,314 20,551
Non-operating expense (income), net (53,381) (1,258) (69,013) (4,075) (79,818) (4,702)
Deferred income taxes 17,691 11 30,489 518 41,441 (2,407)
Changes in operating assets and liabilities:            
Inventories (1,818) (4,054) (196) (5,276) 2,078 (5,851)
Accounts receivable, net and other (8,204) (1,125) (13,954) 122 (21,409) (4,602)
Other assets (4,717) (2,971) (8,528) (6,373) (17,787) (15,100)
Accounts payable 9,442 7,058 705 (1,985) 13,921 6,264
Accrued expenses and other (2,018) (4,952) (10,063) (9,013) (6,069) (4,842)
Unearned revenue (281) (119) 74 609 (749) 2,641
Net cash provided by (used in) operating activities 45,387 32,515 71,419 49,530 161,403 121,137
INVESTING ACTIVITIES:            
Purchases of property and equipment (54,208) (32,183) (98,411) (57,202) (173,028) (107,656)
Proceeds from property and equipment sales and incentives 1,132 815 2,101 1,579 4,021 4,703
Acquisitions, net of cash acquired, non-marketable investments, and other, net (24,359) (1,700) (39,767) (1,652) (41,956) (4,809)
Sales and maturities of marketable securities 24,196 11,441 41,882 19,178 67,090 30,924
Purchases of marketable securities (26,006) (17,797) (49,262) (31,130) (72,902) (46,731)
Net cash provided by (used in) investing activities (79,245) (39,424) (143,457) (69,227) (216,775) (123,569)
FINANCING ACTIVITIES:            
Proceeds from short-term debt, and other 9,368 2,093 15,386 3,908 20,798 8,187
Repayments of short-term debt, and other (9,573) (1,392) (15,682) (3,474) (20,634) (7,901)
Proceeds from long-term debt 13,557 0 66,998 746 81,925 746
Repayments of long-term debt (2,752) (2,751) (2,752) (2,751) (5,022) (7,434)
Principal repayments of finance leases (395) (411) (863) (821) (1,599) (1,556)
Principal repayments of financing obligations (59) (78) (174) (194) (308) (694)
Net cash provided by (used in) financing activities 10,146 (2,539) 62,913 (2,586) 75,160 (8,652)
Foreign currency effect on cash, cash equivalents, and restricted cash (53) 1,008 (54) 1,424 (314) 864
Net increase (decrease) in cash, cash equivalents, and restricted cash (23,765) (8,440) (9,179) (20,859) 19,474 (10,220)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $ 80,927 $ 61,453 $ 80,927 $ 61,453 $ 80,927 $ 61,453
v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net sales $ 200,606 $ 167,702 $ 382,125 $ 323,369
Operating expenses:        
Cost of sales 95,778 80,809 183,241 157,785
Fulfillment 29,633 25,976 56,922 50,569
Technology and infrastructure 33,158 27,166 62,725 50,160
Sales and marketing 11,698 11,416 22,012 21,179
General and administrative 2,788 2,965 5,375 5,593
Other operating expense (income), net 90 199 537 507
Total operating expenses 173,145 148,531 330,812 285,793
Operating income 27,461 19,171 51,313 37,576
Interest income 1,295 1,085 2,430 2,151
Interest expense (1,314) (516) (2,114) (1,057)
Other income (expense), net 53,415 1,117 69,062 3,866
Total non-operating income 53,396 1,686 69,378 4,960
Income before income taxes 80,857 20,857 120,691 42,536
Provision for income taxes (18,199) (2,678) (27,759) (7,231)
Equity-method investment activity, net of tax (11) (15) (30) (14)
Net income $ 62,647 $ 18,164 $ 92,902 $ 35,291
Basic earnings per share (in usd per share) $ 5.82 $ 1.71 $ 8.64 $ 3.32
Diluted earnings per share (in usd per share) $ 5.75 $ 1.68 $ 8.53 $ 3.27
Weighted-average shares used in computation of earnings per share:        
Basic (in shares) 10,769 10,637 10,756 10,620
Diluted (in shares) 10,903 10,806 10,889 10,800
Net product sales        
Net sales $ 77,602 $ 68,246 $ 148,906 $ 132,216
Net service sales        
Net sales $ 123,004 $ 99,456 $ 233,219 $ 191,153
v3.26.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Comprehensive Income [Abstract]        
Net income $ 62,647 $ 18,164 $ 92,902 $ 35,291
Other comprehensive income (loss):        
Foreign currency translation adjustments, net of tax of $(142), $(66), $(208), and $(79) (799) 3,314 (1,563) 4,849
Unrealized gains (losses) on net investment hedging instruments, net of tax of $0, $(69), $0, and $(45) 229 0 144 0
Available-for-sale debt securities:        
Change in net unrealized gains (losses), net of tax of $(12), $(13,695), $(23), and $(14,035) 41,988 40 42,814 77
Less: reclassification adjustments for losses (gains) included in “Other income (expense), net,” net of tax of $5, $0, $814, and $1,142 0 (17) (3,337) (2,471)
Net change 41,988 23 39,477 (2,394)
Other, net of tax of $(1), $1, $0, and $(1) 1 (3) (1) (1)
Total other comprehensive income (loss) 41,419 3,334 38,057 2,454
Comprehensive income $ 104,066 $ 21,498 $ 130,959 $ 37,745
v3.26.1
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Comprehensive Income [Abstract]        
Foreign currency translation adjustments, tax $ (66) $ (142) $ (79) $ (208)
Unrealized gains (losses) on net investment hedging instruments, tax (69) 0 (45) 0
Unrealized gains (losses), tax (13,695) (12) (14,035) (23)
Reclassification adjustment for losses (gains) included in “Other income (expense), net" 0 5 1,142 814
Other comprehensive income, other, tax $ 1 $ (1) $ (1) $ 0
v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 78,213 $ 86,810
Marketable securities 44,775 36,219
Inventories 38,184 38,325
Accounts receivable, net and other 88,092 67,729
Total current assets 249,264 229,083
Property and equipment, net 446,046 357,025
Operating leases 92,743 86,054
Goodwill 23,504 23,273
Other assets 284,132 122,607
Total assets 1,095,689 818,042
Current liabilities:    
Accounts payable 147,440 121,909
Accrued expenses and other 73,406 75,520
Unearned revenue 20,428 20,576
Total current liabilities 241,274 218,005
Long-term lease liabilities 94,338 87,339
Long-term debt 128,894 65,648
Other long-term liabilities 79,563 35,985
Commitments and contingencies (Note 4)
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 11,298 shares issued; 10,731 and 10,783 shares outstanding) 113 112
Treasury stock, at cost (7,837) (7,837)
Additional paid-in capital 149,619 140,024
Accumulated other comprehensive income (loss) 66,287 28,230
Retained earnings 343,438 250,536
Total stockholders’ equity 551,620 411,065
Total liabilities and stockholders’ equity $ 1,095,689 $ 818,042
v3.26.1
Consolidated Balance Sheets (Parenthetical) - $ / shares
Jun. 30, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 500,000,000 500,000,000
Preferred stock, issued (in shares) 0 0
Preferred stock, outstanding (in shares) 0 0
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, authorized (in shares) 100,000,000,000 100,000,000,000
Common stock, issued (in shares) 11,298,000,000 11,246,000,000
Common stock, outstanding (in shares) 10,783,000,000 10,731,000,000
v3.26.1
Accounting Policies and Supplemental Disclosures
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Accounting Policies and Supplemental Disclosures ACCOUNTING POLICIES AND SUPPLEMENTAL DISCLOSURES
Unaudited Interim Financial Information
We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2026 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2025 Annual Report on Form 10-K.
Principles of Consolidation
The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest (“VIEs”) and of which we are the primary beneficiary, including certain entities in India and certain entities that support our healthcare services and production and distribution of video content. We are the primary beneficiary if we have the power to direct the activities of the VIE and absorb the losses or benefits that would be significant to the VIE. Intercompany balances and transactions between consolidated entities are eliminated.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, collectability of receivables, commitments and contingencies, impairment of property and equipment and operating leases, income taxes, inventory valuation, self-insurance liabilities, stock-based compensation forfeiture rates, the determination of when to capitalize certain costs relating to new products or service offerings, useful lives of equipment, valuation and impairment of investments, valuation of acquired intangibles and goodwill, valuation of derivative instruments, vendor funding, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates. We review the useful lives of equipment on an ongoing basis.
During Q2 2026, we received approximately $640 million of tariff refunds under the International Emergency Economic Powers Act (“IEEPA”). These tariff refunds were primarily recorded as a reduction to “Cost of sales” and primarily impacted our North America segment. This represents the significant majority of refunds we expect to receive.
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,		Twelve Months Ended
June 30,
202520262025202620252026
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$523 $736 $759 $1,010 $1,668 $1,709 
Cash paid for operating leases3,758 3,489 7,320 7,804 13,485 15,522 
Cash paid for interest on finance leases72 85 143 187 284 339 
Cash paid for interest on financing obligations52 50 107 126 212 215 
Cash paid for income taxes, net of refunds4,761 2,655 5,638 3,978 11,788 6,635 
Assets acquired under operating leases4,621 7,670 8,942 13,909 16,702 24,897 
Property and equipment acquired under finance leases, net of remeasurements and modifications937 563 991 2,128 1,622 4,048 
Increase (decrease) in property and equipment acquired but not yet paid(1,600)10,700 1,508 20,620 5,376 29,267 
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
June 30,		Six Months Ended
June 30,
2025202620252026
Shares used in computation of basic earnings per share10,637 10,769 10,620 10,756 
Total dilutive effect of outstanding stock awards169 134 180 133 
Shares used in computation of diluted earnings per share10,806 10,903 10,800 10,889 
Other Income (Expense), Net
Other income (expense), net is as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
Marketable equity securities valuation gains (losses), net$388 $1,319 $250 $430 
Equity warrant valuation gains (losses), net590 1,449 212 1,051 
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net 22 — 3,285 4,479 
Upward adjustments relating to equity investments in private companies49 50,486 86 62,814 
Foreign currency gains (losses), net70 227 68 387 
Other, net(2)(66)(35)(99)
Total other income (expense), net$1,117 $53,415 $3,866 $69,062 
The reclassification adjustments for the gains on available-for-sale debt securities of $3.3 billion and $4.5 billion for the six months ended June 30, 2025 and 2026 are primarily from the portions of our convertible notes investments in Anthropic, PBC (“Anthropic”) that were converted to nonvoting preferred stock during Q1 2025 and Q1 2026. The upward adjustments relating to equity investments in private companies of $50.5 billion in Q2 2026 and $62.8 billion for the six months ended June 30, 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 June 30, 2026, the energy contract quantities subject to derivative accounting fair value measurements were approximately 270 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 statements of operations was not significant in Q2 2025 and for the six months ended June 30, 2025, and resulted in net unrealized gains of $551 million in Q2 2026 and $599 million for the six months ended June 30, 2026, recorded within “Technology and infrastructure” and primarily impacting our AWS segment.
Changes in fair value measurements will create unrealized gains and losses recorded within operating expenses on our statements of operations with corresponding assets (unrealized gains) and liabilities (unrealized losses) recorded on our balance sheet within “Other assets” and “Other long-term liabilities.” As of December 31, 2025 and June 30, 2026, we had recorded assets of $112 million and $705 million, and liabilities of $139 million and $133 million.
Certain of our energy contracts are subject to regulatory approval and are exempt from derivative guidance until the approval is obtained. If possible, we may elect the normal purchases and normal sales (NPNS) scope exemption from derivative guidance for energy contracts where we expect to consume substantially all committed quantities. A contract that no longer meets the NPNS exemption must be measured at fair value with immediate recognition in our financial statements.
Net Investment Hedges — Our foreign currency-denominated unsecured senior notes create exposure to changes in foreign exchange rates. As of June 30, 2026, we have designated $20.7 billion of our Euro- and Canadian Dollar-denominated Notes as net investment hedges to mitigate foreign currency exposures related to the translation of our investments in foreign operations to U.S. dollars. Foreign currency unrealized gains and losses on these notes are included in “Accumulated other comprehensive income (loss),” a separate component of stockholders’ equity, until the foreign operations are sold or substantially liquidated, at which point these amounts and any translation adjustment of the foreign operations are reclassified to our consolidated statements of operations.
Inventories
Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $3.3 billion and $3.0 billion as of December 31, 2025 and June 30, 2026.
Accounts Receivable, Net and Other
Included in “Accounts receivable, net and other” on our consolidated balance sheets are receivables primarily related to customers, vendors, and prepaid expenses and other current assets. As of December 31, 2025 and June 30, 2026, customer receivables, net, were $40.4 billion and $49.2 billion, vendor receivables, net, were $15.9 billion and $21.7 billion, and other receivables, net, were $4.5 billion and $9.8 billion. Prepaid expenses and other current assets, which include amounts related to satellite network launch services deposits, were $6.9 billion and $7.4 billion as of December 31, 2025 and June 30, 2026. We currently expense satellite network launch services deposits upon launch to “Technology and infrastructure.”
We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $2.4 billion and $2.8 billion as of December 31, 2025 and June 30, 2026.
Digital Video and Music Content
Included in “Other assets” on our consolidated balance sheets are the total capitalized costs of video, which is primarily released content, and music, which as of December 31, 2025 and June 30, 2026 were $21.3 billion. Total video and music expense was $5.1 billion and $6.9 billion in Q2 2025 and Q2 2026, and $10.2 billion and $12.9 billion for the six months ended June 30, 2025 and 2026.
Unearned Revenue
Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2025 was $25.0 billion, of which $15.2 billion was recognized as revenue during the six months ended June 30, 2026. Included in “Other long-term liabilities” on our consolidated balance sheets was $4.4 billion and $4.5 billion of unearned revenue as of December 31, 2025 and June 30, 2026.
Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that we expect to fulfill but have not yet been recognized in our financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were approximately $496 billion as of June 30, 2026. The weighted-average remaining life of our long-term contracts is 6.4 years. The amount and timing of revenue recognition will be driven by customer usage and our performance in accordance with contractual obligations, which can extend beyond the original contractual duration and commitment.
In Q1 2026, AWS and OpenAI Group PBC (“OpenAI”) announced an expansion of the existing $38.0 billion multi-year commitment and commercial arrangement with OpenAI by $100.0 billion over 8.0 years, which includes contractual obligations related to the performance of AWS chips.
In Q2 2026, AWS and Anthropic announced an expansion of the strategic collaboration and existing multi-year commitment by more than $100.0 billion over 10.0 years, which includes contractual obligations related to the performance of AWS chips.
Accounting Pronouncements Not Yet Adopted
In November 2024, the FASB issued an ASU amending existing income statement disclosure guidance, primarily requiring more detailed disclosure for expenses. The ASU is effective for annual reporting periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The amendments can be applied on either a prospective or retroactive basis. We are currently evaluating the ASU to determine its impact on our disclosures.
v3.26.1
Financial Instruments
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Financial Instruments FINANCIAL INSTRUMENTS
Cash, Cash Equivalents, Restricted Cash, and Marketable Securities
As of December 31, 2025 and June 30, 2026, our cash, cash equivalents, restricted cash, and marketable securities primarily consisted of cash, AAA-rated money market funds, U.S. government and agency securities, other investment grade securities, and marketable equity securities. Cash equivalents and marketable securities are recorded at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value:
Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.
Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for identical unrestricted assets in active markets, similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.
We measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or liabilities. Other marketable securities were valued either based on recent trades of unrestricted securities in active markets, securities in inactive markets, or quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data.
The following table summarizes, by major investment type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):
 December 31, 2025June 30, 2026
  
Total
Estimated
Fair Value		Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash and time deposits$16,145 $14,497 $— $— $14,497 
Level 1:
Money market funds29,777 40,845 — — 40,845 
Equity securities (1)3,687 3,498 
Level 2:
U.S. government and agency securities5,222 4,558 — (24)4,534 
Corporate debt securities69,585 59,458 6 (33)59,431 
Asset-backed securities1,780 1,690 1 (10)1,681 
Other financial instruments129 27 — — 27 
Equity securities (1)$— $1,189 
$126,325 $121,075 $7 $(67)$125,702 
Less: Restricted cash, cash equivalents, and marketable securities (2)(3,296)(2,714)
Total cash, cash equivalents, and marketable securities$123,029 $122,988 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $393 million and $1.3 billion in Q2 2025 and Q2 2026, and $188 million and $454 million for the six months ended June 30, 2025 and 2026.
(2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable debt securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, standby and trade letters of credit, and licenses of digital media content. We classify cash, cash equivalents, and marketable debt securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.”
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of June 30, 2026 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$96,479 $96,471 
Due after one year through five years8,733 8,702 
Due after five years through ten years440 439 
Due after ten years926 906 
Total$106,578 $106,518 
Actual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions.
Non-Marketable Investments
Anthropic — From Q3 2023 to Q4 2025, we invested $8.0 billion in convertible notes from Anthropic, which are classified as available-for-sale and reported at fair value with unrealized gains and losses included in “Accumulated other comprehensive income (loss)” and as Level 3 assets. In making these estimates, we utilized valuation methods based on information available, including the rights and obligations of the convertible notes, other outstanding classes of securities, observable transactions such as new securities offerings, estimates of expected time to and type of liquidity events and anticipated securities offerings, and discounts for lack of marketability. The convertible notes are subject to our ownership cap, which may be waived at our election.
In Q1 2025 and Q1 2026, a portion of the then-outstanding notes was converted to nonvoting preferred stock. The investments in nonvoting preferred stock are initially recorded at their estimated fair value at the time of each conversion and are accounted for as a component of our equity investments in private companies not accounted for under the equity-method, with future adjustments for observable changes in prices or impairments representing Level 3 fair value measurements
recognized in “Other income (expense), net” on our consolidated statements of operations. As a result of these conversions, a portion of the unrealized gain associated with the notes included in “Accumulated other comprehensive income (loss)” was reclassified and gains of approximately $3.3 billion and $4.5 billion for the six months ended June 30, 2025 and 2026 were recorded in “Other income (expense), net.”
In Q2 2026, we invested $5.0 billion in Anthropic Series G nonvoting preferred stock. We also amended our commercial arrangement primarily for the provision of AWS cloud services, which includes contractual obligations related to the performance of AWS chips. Additionally, we entered into a financing arrangement to make available to Anthropic an aggregate facility not to exceed $20.0 billion that will expire 30 months after an Anthropic liquidity event, including an initial public offering (“IPO”). At inception, there is no amount available to be drawn against and as we reach certain delivery milestones of compute capacity under the amended commercial arrangement, amounts under this facility are made available for Anthropic to draw upon at its discretion. Draws against the facility will be in the form of new Anthropic convertible notes or, after an IPO or other liquidity event and subject to our ownership cap, Anthropic common stock, which will be issued to us in exchange for cash. Under this financing arrangement, in Q2 2026, we exercised our option to participate in subsequent Anthropic equity financings by investing $5.0 billion in Anthropic Series H nonvoting preferred stock, which reduced the amount available under the facility to $15.0 billion.
We recorded upward adjustments of approximately $50.5 billion in Q2 2026 and $62.8 billion for the six months ended June 30, 2026 to our nonvoting preferred stock in “Other income (expense), net” to reflect observable changes in price related to Anthropic’s fundings. In making these Level 3 fair value measurements, we utilized valuation methods based on information available, including the rights and obligations of the nonvoting preferred stock, other outstanding classes of securities, estimates of expected time to and type of liquidity events and anticipated securities offerings, and discounts for lack of marketability.
As of December 31, 2025 and June 30, 2026, the amounts recorded on our consolidated balance sheets for nonvoting preferred stock were approximately $14.8 billion and $92.5 billion. As of December 31, 2025 and June 30, 2026, the estimated fair value of our convertible notes recorded on our consolidated balance sheets was approximately $45.8 billion and $97.9 billion, and the associated unrealized gain included in “Accumulated other comprehensive income (loss)” was $39.5 billion and $92.0 billion.
In the event Anthropic consummates an IPO or other liquidity event, then-outstanding notes would be converted to nonvoting common stock, subject to our ownership cap, and nonvoting preferred stock would be converted to nonvoting common stock. Any then-outstanding notes that are not converted to nonvoting common stock would continue to be convertible to nonvoting common stock, subject to our ownership cap. We expect to be subject to a customary lock-up period following an IPO, and thereafter will remain subject to applicable securities laws restrictions.
OpenAI — In Q1 2026, we and OpenAI entered into (i) a commercial arrangement primarily for the provision of AWS cloud services, which includes the use and performance of AWS chips, and (ii) a joint collaboration agreement pursuant to which certain services using OpenAI models will be made available to the Company and on AWS. We also invested $15.0 billion in Series C Preferred Stock of OpenAI and entered into an equity commitment letter agreement (the “Letter Agreement”), pursuant to which we agreed to purchase additional shares of Series C Preferred Stock (the “Commitment Shares”) with an aggregate purchase price of $35.0 billion (the “Commitment Amount”). In Q2 2026, we invested $13.7 billion of the Commitment Amount in Series C Preferred Stock. We account for our $28.7 billion investment in Series C Preferred Stock recorded on our consolidated balance sheet as of June 30, 2026, and the remaining Commitment Amount as a component of our equity investments in private companies not accounted for under the equity-method, with future adjustments for observable changes in prices or impairments representing Level 3 fair value measurements recognized in “Other income (expense), net” on our consolidated statements of operations.
In the event OpenAI consummates an IPO or other liquidity event, then-outstanding Series C Preferred Stock would be converted to common stock. We expect to be subject to a customary lock-up period following an IPO and thereafter will remain subject to applicable securities laws restrictions.
Subsequent to June 30, 2026, we invested the remaining $21.3 billion Commitment Amount in shares of Series C Preferred Stock of OpenAI.
As of December 31, 2025 and June 30, 2026, equity investments in private companies not accounted for under the equity-method, which primarily relate to nonvoting preferred stock in Anthropic and preferred stock in OpenAI, had a carrying value of $16.2 billion and $122.3 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 June 30, 2026, equity investments accounted for under the equity-method of accounting, including investments for which we have elected the fair value option, had a carrying value of $659 million and $395 million.
We hold equity warrants giving us the right to acquire stock of other companies. As of December 31, 2025 and June 30, 2026, these warrants had a fair value of $2.7 billion and $4.3 billion, with gains and losses recognized in “Other income (expense), net” on our consolidated statements of operations. These warrants are classified as Level 2 and 3 assets.
These non-marketable investments are included within “Other assets” on our consolidated balance sheets.
Certain of our investments, including our investments in Anthropic and OpenAI, represent a variable interest in entities that we do not consolidate because we are not the primary beneficiary. Our maximum exposure to loss is generally limited to the current carrying values of these investments and any future funding commitments.
Consolidated Statements of Cash Flows Reconciliation
The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows (in millions):
December 31, 2025June 30, 2026
Cash and cash equivalents$86,810 $78,213 
Restricted cash included in “Accounts receivable, net and other”
300 283 
Restricted cash included in “Other assets”
2,996 2,431 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$90,106 $80,927 
v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases LEASES
We have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $55.6 billion as of December 31, 2025 and June 30, 2026. Accumulated amortization associated with finance leases was $40.4 billion and $39.8 billion as of December 31, 2025 and June 30, 2026.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202620252026
Operating lease cost$3,426 $4,118 $6,666 $8,035 
Finance lease cost:
Amortization of lease assets827 692 1,700 1,425 
Interest on lease liabilities72 108 143 209 
Finance lease cost899 800 1,843 1,634 
Variable lease cost659 718 1,355 1,460 
Total lease cost$4,984 $5,636 $9,864 $11,129 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2025June 30, 2026
Weighted-average remaining lease term – operating leases10.0 years10.0 years
Weighted-average remaining lease term – finance leases12.6 years12.6 years
Weighted-average discount rate – operating leases3.7 %3.9 %
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 
June 30, 2026
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$116,350 $16,660 $133,010 
Less: imputed interest(20,030)(3,209)(23,239)
Present value of lease liabilities96,320 13,451 109,771 
Less: current portion of lease liabilities(13,745)(1,688)(15,433)
Total long-term lease liabilities$82,575 $11,763 $94,338 
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 as of December 31, 2025 and June 30, 2026. Accumulated amortization associated with finance leases was $40.4 billion and $39.8 billion as of December 31, 2025 and June 30, 2026.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202620252026
Operating lease cost$3,426 $4,118 $6,666 $8,035 
Finance lease cost:
Amortization of lease assets827 692 1,700 1,425 
Interest on lease liabilities72 108 143 209 
Finance lease cost899 800 1,843 1,634 
Variable lease cost659 718 1,355 1,460 
Total lease cost$4,984 $5,636 $9,864 $11,129 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2025June 30, 2026
Weighted-average remaining lease term – operating leases10.0 years10.0 years
Weighted-average remaining lease term – finance leases12.6 years12.6 years
Weighted-average discount rate – operating leases3.7 %3.9 %
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 
June 30, 2026
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$116,350 $16,660 $133,010 
Less: imputed interest(20,030)(3,209)(23,239)
Present value of lease liabilities96,320 13,451 109,771 
Less: current portion of lease liabilities(13,745)(1,688)(15,433)
Total long-term lease liabilities$82,575 $11,763 $94,338 
v3.26.1
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
Commitments
The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of June 30, 2026 (in millions): 
 Six Months Ended December 31,Year Ended December 31,  
 20262027202820292030ThereafterTotal
Long-term debt principal and interest$2,361 $14,060 $17,087 $13,528 $11,112 $162,161 $220,309 
Operating lease liabilities9,336 14,765 13,924 12,599 11,269 54,457 116,350 
Finance lease liabilities, including interest1,088 1,775 1,885 1,482 1,269 9,161 16,660 
Financing obligations, including interest (1)352 682 694 706 720 7,916 11,070 
Leases not yet commenced4,018 11,732 9,278 9,483 9,227 93,476 137,214 
Unconditional purchase obligations (2)23,452 33,026 9,326 7,961 7,659 48,641 130,065 
Other commitments (3)2,145 2,044 1,212 1,008 963 10,994 18,366 
Total commitments$42,752 $78,084 $53,406 $46,767 $42,219 $386,806 $650,034 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $358 million and $415 million are recorded within “Accrued expenses and other” and $7.8 billion and $8.9 billion are recorded within “Other long-term liabilities” as of December 31, 2025 and June 30, 2026. The weighted-average remaining term of the financing obligations was 15.0 years and 14.9 years and the weighted-average imputed interest rate was 2.9% and 3.2% as of December 31, 2025 and June 30, 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 $7.1 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.
On April 13, 2026, Amazon entered into a definitive merger agreement to acquire Globalstar, Inc. (“Globalstar”), a Delaware corporation, for a mix of cash and stock consideration. Under the terms of the merger agreement, prior to closing, Globalstar stockholders will elect to receive, for each share of Globalstar common stock they own, either (i) $90.00 in cash or (ii) 0.3210 shares of Amazon common stock (with a value capped at $90.00 per share). The value of the total consideration will vary based on the price of shares of Amazon common stock and the elections of Globalstar stockholders. The total consideration is also subject to (i) a proration mechanism that caps aggregate cash elections to a maximum of 40% of total Globalstar shares, and automatically converts excess cash consideration into stock consideration on a pro rata basis and (ii) a downward adjustment of a maximum of $110 million in the event Globalstar does not meet certain operational milestones. As of the date of the merger agreement, the acquisition implied a value for Globalstar of approximately $10.9 billion, including its debt. On the date of the merger agreement, we also entered into agreements with Apple Inc. (“Apple”), Globalstar’s largest customer, to provide certain services after the acquisition and to redeem certain equity interests held by Apple in a Globalstar special purpose entity.
The acquisition is expected to close in 2027, subject to the satisfaction of certain closing conditions, including receipt of regulatory approvals and Globalstar’s achievement of certain satellite replacement milestones.
Other Contingencies
We are disputing claims and denials of refunds or credits, and monitoring or evaluating potential claims, related to various non-income taxes (such as sales, value added, consumption, service, and similar taxes), including in jurisdictions in which we already collect and remit these taxes. These non-income tax controversies typically include (i) the taxability of products and services, including cross-border intercompany transactions, (ii) collection and withholding on transactions with
third parties, including as a result of evolving requirements imposed on marketplaces with respect to third-party sellers, and (iii) the adequacy of compliance with reporting obligations, including evolving documentation requirements. Due to the inherent complexity and uncertainty of these matters and the judicial and regulatory processes in certain jurisdictions, the final outcome of any such controversies may be materially different from our expectations.
Legal Proceedings
The Company is involved from time to time in claims, proceedings, and litigation, including the matters described in Item 8 of Part II, “Financial Statements and Supplementary Data — Note 7 — Commitments and Contingencies — Legal Proceedings” of our 2025 Annual Report on Form 10-K and in Item 1 of Part I, “Financial Statements — Note 4 — Commitments and Contingencies — Legal Proceedings” of our Quarterly Report on Form 10-Q for the period ended March 31, 2026, as supplemented by the following:
Beginning in June 2019 with Wilcosky v. Amazon.com, Inc., now pending in the United States District Court for the Northern District of Illinois (“N.D. Ill.”), private litigants have filed a number of cases in U.S. federal and state courts, including Hogan v. Amazon.com, Inc. (N.D. Ill.), alleging, among other things, that Amazon’s collection, storage, use, retention, and protection of biometric identifiers violated the Illinois Biometric Information Privacy Act. The complaints allege purported classes of Illinois residents who had biometric identifiers collected through Amazon products or services, including Amazon’s voice-based AI products and services, Amazon Photos, Alexa, AWS cloud services, Amazon Connect, Amazon’s virtual try-on technology, and Amazon’s Just Walk Out technology. The complaints seek certification as class actions, unspecified amounts of damages, injunctive relief, attorneys’ fees, costs, and interest. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.
Since March 2020, private litigants, state Attorneys General, and the Federal Trade Commission have filed cases in the U.S., Canada, and the United Kingdom alleging, among other things: price fixing arrangements between each of Amazon and its vendors and Amazon and its third-party sellers; abuse of dominance, monopolization, and attempted monopolization; and consumer protection and unjust enrichment claims, in violation of federal and state antitrust, state consumer protection, and Canadian and U.K. antitrust laws. The first of these complaints was Frame-Wilson v. Amazon.com, Inc., which was filed in the United States District Court for the Western District of Washington (“W.D. Wash.”). These complaints seek billions of dollars of alleged damages, treble damages, punitive damages, injunctive relief, structural relief, civil penalties, attorneys’ fees, and costs. Some of the private plaintiff cases include allegations of distinct purported classes, including consumers who purchased a product through Amazon’s stores and consumers who purchased a product offered by Amazon through another e-commerce retailer. Some of the cases include allegations that Amazon has a monopoly in markets for online superstores, marketplace services, or intermediation services and that we unlawfully engage in anticompetitive practices relating to our pricing policies, selection of the Featured Offers, use of seller data, advertising practices, the structure of Prime, and promotion of our own products on our website. In the U.S., most of Amazon’s motions to dismiss were granted in part, but in each case, at least some of the claims survived. In Canada, class certification was denied in a case before the Federal Court of Canada, finding that plaintiffs had not stated a viable claim, and plaintiffs’ appeal of that ruling is pending. Three Canadian class actions before other courts are pre-certification. In the United Kingdom, two class actions have been certified and a third is pre-certification. In the U.S., one class action has been certified, and three others are pre-certification. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.
In June 2025, Xockets, Inc. filed two complaints against Amazon.com, Inc. and Amazon Web Services, Inc. in the United States District Court for the Western District of Texas. The complaints allege, among other things, that certain versions of the AWS Nitro System infringe U.S. Patent Nos. 11,080,209; 10,649,924; 11,082,350; 10,223,297; 9,378,161; 9,436,640; and 10,212,092. The complaints seek an unspecified amount of damages, enhanced damages, attorneys’ fees, costs, interest, and injunctive relief. In May 2026, Xockets filed a complaint against Amazon.com, Inc., Amazon Web Services, Inc., Annapurna Labs (U.S.), Inc., NVIDIA Corporation, and Microsoft Corporation at the United States International Trade Commission alleging, among other things, that EC2 P6e-GB200 UltraServers, DGX Cloud with GB200 on AWS, SageMaker HyperPod, and EKS with P6e-GB200 UltraServers infringe U.S. Patent Nos. 10,223,297; 9,378,161; 10,212,092; 9,436,640; and 11,082,350 and seeking injunctive relief. In June 2026, the International Trade Commission instituted an investigation. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.
In addition, we are regularly subject to claims, litigation, and other proceedings, including government inquiries and investigations that could lead to the foregoing and potential regulatory proceedings, involving patent and other intellectual property matters, taxes, labor and employment, competition and antitrust, privacy and data protection, consumer protection, commercial disputes, goods and services offered by us and by third parties, and other matters.
The outcomes of our legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and could be material to our operating results and cash flows for a particular period. We evaluate, on a regular basis, developments in our legal proceedings and other contingencies that could affect the amount of liability, including amounts in excess of any previous accruals and reasonably possible losses disclosed, and make adjustments and changes to our
accruals and disclosures as appropriate. For the matters we disclose that do not include an estimate of the amount of loss or range of losses, such an estimate is not possible or is immaterial, and we may be unable to estimate the possible loss or range of losses that could potentially result from the application of non-monetary remedies. Until the final resolution of such matters, if any of our estimates and assumptions change or prove to have been incorrect, we may experience losses in excess of the amounts recorded, which could have a material effect on our business, consolidated financial position, results of operations, or cash flows.
See also “Note 7 — Income Taxes.”
v3.26.1
Debt
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Debt DEBT
As of June 30, 2026, we had $132.1 billion of unsecured senior notes outstanding (the “Notes”), including foreign currency-denominated Notes issued for general corporate purposes, the carrying values of which are subject to foreign exchange rate fluctuations. Our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2025June 30, 2026
2014 Notes issuance of $6.0 billion
2034 - 2044
4.80% - 4.95%
4.93% - 5.12%
2,750 2,750 
2017 Notes issuance of $17.0 billion
2027 - 2057
3.15% - 4.25%
3.25% - 4.33%
12,000 12,000 
2020 Notes issuance of $10.0 billion
2027 - 2060
1.20% - 2.70%
1.26% - 2.77%
7,750 7,750 
2021 Notes issuance of $18.5 billion
2028 - 2061
1.65% - 3.25%
1.70% - 3.31%
15,000 12,250 
April 2022 Notes issuance of $12.8 billion
2027 - 2062
3.30% - 4.10%
3.40% - 4.15%
9,750 9,750 
December 2022 Notes issuance of $8.3 billion
2027 - 2032
4.55% - 4.70%
4.61% - 4.74%
5,750 5,750 
2025 Notes issuance of $15.0 billion
2028 - 2065
3.90% - 5.55%
3.99% - 5.62%
15,000 15,000 
March 2026 Notes issuance of $37.0 billion (2)
2028 - 2076
3.85% - 6.05%
3.96% - 6.12%
— 37,000 
March 2026 Euro-denominated Notes issuance of €14.5 billion (3)
2028 - 2064
2.50% - 4.85%
2.59% - 4.88%
— 16,550 
May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion
2029 - 2051
0.84% - 2.08%
0.90% - 2.10%
— 3,487 
June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion
2029 - 2056
3.40% - 5.00%
3.46% - 5.05%
— 9,853 
Other long-term debt836 855 
Total face value of long-term debt68,836 132,995 
Unamortized discount and issuance costs, net(440)(771)
Less: current portion of long-term debt(2,748)(3,330)
Long-term debt$65,648 $128,894 
___________________
(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, December 2022, 2025, March 2026, March 2026 Euro-denominated, May 2026 Swiss franc-denominated, and June 2026 Canadian Dollar-denominated Notes were 13.9, 14.9, 17.6, 15.6, 13.3, 3.9, 15.1, 16.4, 10.1, 8.9, and 14.8 years as of June 30, 2026. The combined weighted-average remaining life of the Notes was 14.2 years as of June 30, 2026.
(2) Includes $2.8 billion of floating rate Notes due in 2028 and 2029. Interest is calculated using the compounded Secured Overnight Financing Rate (“SOFR”) plus 0.44% and 0.59%, respectively, and payable quarterly in arrears.
(3) Includes €1.8 billion of floating rate Notes due in 2028. Interest is calculated using Euro Interbank Offered Rate (“EURIBOR”) plus 0.35%, payable quarterly in arrears.
Interest on the Notes is primarily payable semi-annually in arrears except for the fixed rate March 2026 Euro-denominated Notes and May 2026 Swiss franc-denominated Notes for which interest is primarily payable annually in arrears. We may redeem the fixed rate Notes at any time in whole, or from time to time, in part at specified redemption prices, except for the May 2026 Swiss franc-denominated Notes, which we may redeem on or after the applicable par call dates in whole, but not in part. The floating rate Notes are generally not redeemable prior to maturity. We are not subject to any financial covenants under the Notes.
The estimated fair value of the Notes was approximately $61.1 billion and $123.8 billion as of December 31, 2025 and June 30, 2026, which is based on quoted prices for our debt as of those dates.
Subsequent to June 30, 2026, we issued $25.0 billion of U.S. Dollar-denominated Notes for general corporate purposes with maturities between 2029 and 2066, including $750 million of floating rate Notes due in 2029 based on the compounded SOFR plus 0.58%. The fixed rate Notes have stated interest rates between 4.60% and 6.25%, and effective interest rates between 4.67% and 6.33%.
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 June 30, 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 June 30, 2026.
In June 2026, we entered into a $17.5 billion unsecured delayed draw term loan with a syndicate of lenders (“Term Loan”), which matures three years from the date of borrowing and bears interest at the SOFR specified in the Term Loan plus a margin ranging from 0.625% to 0.875% based on our credit ratings. We may draw up to $17.5 billion in a single draw on any business day on or prior to September 30, 2026, after which any undrawn commitments will automatically terminate. Amounts borrowed and repaid may not be reborrowed. There were no borrowings outstanding under the Term Loan as of June 30, 2026.
We also utilize other short-term credit facilities for working capital purposes. There were $455 million and $325 million of borrowings outstanding under these facilities as of December 31, 2025 and June 30, 2026, which were included in “Accrued expenses and other” on our consolidated balance sheets.
Standby letters of credit are guarantees issued by financial institutions on our behalf, which can only be drawn in the event we fail to perform under the underlying obligation, and do not reduce the amount of borrowings available under our credit facilities. As of June 30, 2026, our total standby letter of credit facilities assigned to specific beneficiaries was $13.4 billion, primarily related to our payment-related services, and workers’ compensation and insurance programs.
v3.26.1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Stock Repurchase Activity
In March 2022, the Board of Directors authorized a program to repurchase up to $10.0 billion of our common stock, with no fixed expiration. There were no repurchases of our common stock during the six months ended June 30, 2025 or 2026. As of June 30, 2026, we have $6.1 billion remaining under the repurchase program.
Stock Award Plans
Employees vest in restricted stock unit awards over the corresponding service term, generally between two and five years. The majority of outstanding restricted stock unit awards are granted at the date of hire or in Q2 as part of the annual compensation review and primarily vest quarterly in the relevant compensation year.
Stock Award Activity
Common shares outstanding plus shares underlying outstanding stock awards totaled 11.0 billion as of December 31, 2025 and June 30, 2026. These totals include all vested and unvested stock awards outstanding, including those awards we estimate will be forfeited. Stock-based compensation expense is as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
Cost of sales$250 $208 $398 $379 
Fulfillment880 764 1,377 1,365 
Technology and infrastructure3,655 3,701 5,715 5,987 
Sales and marketing1,207 845 1,860 1,508 
General and administrative542 520 873 831 
Total stock-based compensation expense$6,534 $6,038 $10,223 $10,070 
The following table summarizes our restricted stock unit activity for the six months ended June 30, 2026 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2025222.5 $178 
Units granted98.4 218 
Units vested(52.0)162 
Units forfeited(24.5)181 
Outstanding as of June 30, 2026244.4 197 
Scheduled vesting for outstanding restricted stock units as of June 30, 2026, is as follows (in millions):
 Six Months Ended December 31,Year Ended December 31,  
 20262027202820292030ThereafterTotal
Scheduled vesting — restricted stock units53.2 100.3 61.8 22.2 4.8 2.1 244.4 
As of June 30, 2026, there was $24.8 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
June 30,		Six Months Ended
June 30,
2025202620252026
Total beginning stockholders’ equity$305,867 $441,914 $285,970 $411,065 
Beginning common stock111 113 111 112 
Stock-based compensation and issuance of employee benefit plan stock1 — 1 1 
Ending common stock112 113 112 113 
Beginning and ending treasury stock(7,837)(7,837)(7,837)(7,837)
Beginning additional paid-in capital124,514 143,979 120,864 140,024 
Stock-based compensation and issuance of employee benefit plan stock6,409 5,640 10,059 9,595 
Ending additional paid-in capital130,923 149,619 130,923 149,619 
Beginning accumulated other comprehensive income (loss)(914)24,868 (34)28,230 
Other comprehensive income (loss)3,334 41,419 2,454 38,057 
Ending accumulated other comprehensive income (loss)2,420 66,287 2,420 66,287 
Beginning retained earnings189,993 280,791 172,866 250,536 
Net income18,164 62,647 35,291 92,902 
Ending retained earnings208,157 343,438 208,157 343,438 
Total ending stockholders’ equity$333,775 $551,620 $333,775 $551,620 
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
June 30,		Six Months Ended
June 30,
2025202620252026
Total beginning accumulated other comprehensive income (loss), net of tax of $(1,029), $(8,573), $(1,762), and $(9,384)
$(914)$24,868 $(34)$28,230 
Foreign currency translation adjustments:
Beginning balance, net of tax of $226, $85, $292, and $98
(4,639)(2,712)(6,174)(1,948)
Foreign currency translation adjustments, net of tax of $(142), $(66), $(208), and $(79)
3,314 (799)4,849 (1,563)
Ending balance, net of tax of $84, $19, $84, and $19
(1,325)(3,511)(1,325)(3,511)
Unrealized gains (losses) on net investment hedging instruments:
Beginning balance, net of tax of $0, $24, $0, and $0
— (85)— — 
Change in net unrealized gains (losses), net of tax of $0, $(69), $0, and $(45)
— 229 — 144 
Ending balance, net of tax of $0, $(45), $0, and $(45)
— 144 — 144 
Unrealized gains (losses) on available-for-sale debt securities:
Beginning balance, net of tax of $(1,256), $(8,679), $(2,054), and $(9,481)
3,722 27,659 6,139 30,170 
Change in net unrealized gains (losses), net of tax of $(12), $(13,695), $(23), and $(14,035)
40 41,988 77 42,814 
Reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $5, $0, $814, and $1,142
(17)— (2,471)(3,337)
Ending balance, net of tax of $(1,263), $(22,374), $(1,263), and $(22,374)
3,745 69,647 3,745 69,647 
Other:
Beginning balance, net of tax of $1, $(3), $0, and $(1)
3 6 1 8 
Other, net of tax of $(1), $1, $0, and $(1)
(3)1 (1)(1)
Ending balance, net of tax of $0, $(2), $0, and $(2)
— 7 — 7 
Total ending accumulated other comprehensive income (loss), net of tax of $(1,179), $(22,402), $(1,179), and $(22,402)
$2,420 $66,287 $2,420 $66,287 
v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Our tax provision or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment.
Our quarterly tax provision, and our quarterly estimate of our annual effective tax rate, is subject to significant variation due to several factors, including variability in accurately predicting our pre-tax and taxable income and loss and the mix of jurisdictions to which they relate, intercompany transactions, the applicability of special tax regimes, changes in how we do business, acquisitions, investments, developments in tax controversies, changes in our stock price, changes in our deferred tax assets and liabilities and their valuation, foreign currency gains (losses), changes in statutes, regulations, case law, and administrative practices, principles, and interpretations related to tax, including changes to the global tax framework, competition, and other laws and accounting rules in various jurisdictions, and relative changes of expenses or losses for which tax benefits are not recognized. Our effective tax rate can be more or less volatile based on the amount of pre-tax income or
loss. For example, the impact of discrete items and non-deductible expenses on our effective tax rate is greater when our pre-tax income is lower. In addition, we record valuation allowances against deferred tax assets when there is uncertainty about our ability to generate future income in relevant jurisdictions.
For 2026, we estimate that our effective tax rate will be adversely affected by state income taxes and favorably impacted by the U.S. federal research and development credit.
Our income tax provision for the six months ended June 30, 2025 was $7.2 billion, which included $753 million of net discrete tax benefits primarily attributable to excess tax benefits from stock-based compensation. Our income tax provision for the six months ended June 30, 2026 was $27.8 billion, which included $15.9 billion of net discrete tax expense primarily attributable to the upward adjustments to our investments in Anthropic.
On February 18, 2026, the IRS issued Notice 2026-7 (the “2026 Notice”), which included guidance on the U.S. tax treatment of previously capitalized domestic research and development costs. We expect the 2026 Notice, which applied retroactively to 2025, to result in a significant decrease of 2024 and 2025 cash taxes paid. Cash paid for income taxes, net of refunds was $4.8 billion and $2.7 billion in Q2 2025 and Q2 2026, and $5.6 billion and $4.0 billion for the six months ended June 30, 2025 and 2026.
As of December 31, 2025 and June 30, 2026, income tax contingencies were approximately $6.6 billion and $7.1 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
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
We have organized our operations into three segments: North America, International, and AWS. We allocate to segment results the operating expenses “Fulfillment,” “Technology and infrastructure,” “Sales and marketing,” and “General and administrative” based on usage, which is generally reflected in the segment in which the costs are incurred. The majority of technology costs recorded in “Technology and infrastructure” are incurred in the U.S. and are included in our North America and AWS segments. The majority of infrastructure costs recorded in “Technology and infrastructure” are allocated to the AWS segment based on usage. There are no internal revenue transactions between our reportable segments. Our chief operating decision maker (“CODM”) is our President and Chief Executive Officer. Our CODM regularly reviews consolidated net sales, consolidated operating expenses, and consolidated operating income (loss) by segment. Amounts included in consolidated operating expenses include “Cost of sales,” “Fulfillment,” “Technology and infrastructure,” “Sales and marketing,” “General and administrative,” and “Other operating expense (income), net.” Our CODM manages our business primarily by reviewing consolidated results by segment on a quarterly basis, and using those results along with forecasts and other non-financial information in our annual budgeting process.
North America
The North America segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and advertising and subscription services through North America-focused online and physical stores. This segment includes export sales from these online stores.
International
The International segment primarily consists of amounts earned from retail sales of consumer products (including from sellers) and advertising and subscription services through internationally-focused online stores. This segment includes export sales from these internationally-focused online stores (including export sales from these online stores to customers in the U.S., Mexico, and Canada), but excludes export sales from our North America-focused online stores.
AWS
The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions.
Information on reportable segments and reconciliation to consolidated net income is as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
North America
Net sales$100,068 $116,177 $192,955 $220,320 
Operating expenses92,551 107,054 179,597 202,930 
Operating income$7,517 $9,123 $13,358 $17,390 
International
Net sales$36,761 $42,197 $70,274 $81,986 
Operating expenses35,267 40,480 67,763 78,845 
Operating income$1,494 $1,717 $2,511 $3,141 
AWS
Net sales$30,873 $42,232 $60,140 $79,819 
Operating expenses20,713 25,611 38,433 49,037 
Operating income$10,160 $16,621 $21,707 $30,782 
Consolidated
Net sales$167,702 $200,606 $323,369 $382,125 
Operating expenses148,531 173,145 285,793 330,812 
Operating income19,171 27,461 37,576 51,313 
Total non-operating income1,686 53,396 4,960 69,378 
Provision for income taxes(2,678)(18,199)(7,231)(27,759)
Equity-method investment activity, net of tax(15)(11)(14)(30)
Net income$18,164 $62,647 $35,291 $92,902 
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):    
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
Net Sales:
Online stores (1)$61,485 $70,432 $118,892 $134,686 
Physical stores (2)5,595 5,794 11,128 11,579 
Third-party seller services (3)40,348 46,780 76,860 88,358 
Advertising services (4)15,694 19,809 29,615 37,052 
Subscription services (5)12,208 13,730 23,923 27,157 
AWS30,873 42,232 60,140 79,819 
Other (6)1,499 1,829 2,811 3,474 
Consolidated$167,702 $200,606 $323,369 $382,125 
____________________________
(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, 2025June 30, 2026
North America (1)$235,652 $249,006 
International (1)81,984 85,271 
AWS (2)252,588 350,170 
Corporate247,818 411,242 
Consolidated$818,042 $1,095,689 
___________________
(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, 2025June 30, 2026
North America$122,043 $135,013 
International30,632 32,879 
AWS190,055 263,750 
Corporate14,295 14,404 
Consolidated$357,025 $446,046 
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
June 30,		Six Months Ended
June 30,
 2025202620252026
North America (1)$11,272 $12,139 $16,368 $23,265 
International (1)2,531 2,540 4,037 4,267 
AWS (2)16,043 48,604 36,507 90,120 
Corporate915 608 1,298 996 
Consolidated$30,761 $63,891 $58,210 $118,648 
___________________
(1)Includes property and equipment added under finance leases of $21 million and $235 million in Q2 2025 and Q2 2026, and $75 million and $472 million for the six months ended June 30, 2025 and 2026.
(2)Includes property and equipment added under finance leases of $916 million and $328 million in Q2 2025 and Q2 2026, and $916 million and $1.7 billion for the six months ended June 30, 2025 and 2026.
Depreciation and amortization expense on property and equipment, including corporate property and equipment, are allocated to all segments based on usage.
Total depreciation and amortization expense, by segment, is as follows (in millions):
 Three Months Ended
June 30,		Six Months Ended
June 30,
 2025202620252026
North America$3,742 $4,500 $7,272 $8,780 
International1,180 1,293 2,316 2,570 
AWS4,844 8,076 9,234 15,353 
Consolidated$9,766 $13,869 $18,822 $26,703 
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2026
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Matthew S. Garman [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On May 4, 2026, Matthew S. Garman, CEO Amazon Web Services, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 63,743 shares of Amazon.com, Inc. common stock over a period ending on May 28, 2027, subject to certain conditions.
Name Matthew S. Garman
Title CEO Amazon Web Services
Rule 10b5-1 Arrangement Adopted true
Adoption Date May 4, 2026
Expiration Date May 28, 2027
Arrangement Duration 339 days
Aggregate Available 63,743
Daniel P. Huttenlocher [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On May 4, 2026, Daniel P. Huttenlocher, a member of our Board of Directors, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 783 shares of Amazon.com, Inc. common stock over a period ending on November 23, 2026, subject to certain conditions.
Name Daniel P. Huttenlocher
Title member of our Board of Directors
Rule 10b5-1 Arrangement Adopted true
Adoption Date May 4, 2026
Expiration Date November 23, 2026
Arrangement Duration 203 days
Aggregate Available 783
Jonathan J. Rubinstein [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On May 12, 2026, Jonathan J. Rubinstein, a member of our Board of Directors, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 13,361 shares of Amazon.com, Inc. common stock over a period ending on May 9, 2028, subject to certain conditions.
Name Jonathan J. Rubinstein
Title member of our Board of Directors
Rule 10b5-1 Arrangement Adopted true
Adoption Date May 12, 2026
Expiration Date May 9, 2028
Arrangement Duration 728 days
Aggregate Available 13,361
Brian T. Olsavsky [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On May 14, 2026, Brian T. Olsavsky, Senior Vice President and Chief Financial Officer, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 6,172 shares of Amazon.com, Inc. common stock over a period ending on August 31, 2026, subject to certain conditions.
Name Brian T. Olsavsky
Title Senior Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date May 14, 2026
Expiration Date August 31, 2026
Arrangement Duration 109 days
Aggregate Available 6,172
v3.26.1
Accounting Policies and Supplemental Disclosures (Policies)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Unaudited Interim Financial Information
Unaudited Interim Financial Information
We have prepared the accompanying consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial reporting. These consolidated financial statements are unaudited and, in our opinion, include all adjustments, consisting of normal recurring adjustments and accruals necessary for a fair presentation of our consolidated cash flows, operating results, and balance sheets for the periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2026 due to seasonal and other factors. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been omitted in accordance with the rules and regulations of the SEC. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 8 of Part II, “Financial Statements and Supplementary Data,” of our 2025 Annual Report on Form 10-K.
Principles of Consolidation
Principles of Consolidation
The consolidated financial statements include the accounts of Amazon.com, Inc. and its consolidated entities (collectively, the “Company”), consisting of its wholly-owned subsidiaries and those entities in which we have a variable interest (“VIEs”) and of which we are the primary beneficiary, including certain entities in India and certain entities that support our healthcare services and production and distribution of video content. We are the primary beneficiary if we have the power to direct the activities of the VIE and absorb the losses or benefits that would be significant to the VIE. Intercompany balances and transactions between consolidated entities are eliminated.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, collectability of receivables, commitments and contingencies, impairment of property and equipment and operating leases, income taxes, inventory valuation, self-insurance liabilities, stock-based compensation forfeiture rates, the determination of when to capitalize certain costs relating to new products or service offerings, useful lives of equipment, valuation and impairment of investments, valuation of acquired intangibles and goodwill, valuation of derivative instruments, vendor funding, and viewing patterns of capitalized video content. Actual results could differ materially from these estimates. We review the useful lives of equipment on an ongoing basis.
Earnings Per Share
Earnings Per Share
Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we have a net loss, stock awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.
Derivatives and Hedging
Derivatives and Hedging
Energy Contracts — We enter into energy contracts to secure electricity supply for our existing and future operations, some of which extend 20 years. We may make or receive net cash payments, rather than take delivery of electricity, when our consumption is less than committed quantities due to operational variability. Because we may make or receive net cash payments, these contracts are derivative instruments. These contracts are not traded on exchanges or transacted in secondary markets and are not used for trading or speculative purposes.
Derivative instruments are measured at fair value each reporting period. Fair value measurements are based on valuation methods using both common factors like electricity futures prices where there are more liquid trading volumes generally for remaining contractual periods up to four to six years, forward capacity auctions, and risk-free interest rates, and a number of management assumptions for remaining contractual periods greater than four to six years where there is significantly less or no trading data such as long-dated forward commodity prices and implied volatility curves, and credit adjustments. The extent of management judgment is significant (Level 3).
Fair value measurements will not impact cash flows but may be material to our statements of operations and balance sheet due to the duration of these contracts and volatility inherent in valuation methods. Generally, we can terminate our contracts by paying cash in the form of fixed penalties, such as reimbursing the counterparty for the costs of new construction incurred. Termination penalties are generally not based on fair value measurements.
As of June 30, 2026, the energy contract quantities subject to derivative accounting fair value measurements were approximately 270 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 statements of operations was not significant in Q2 2025 and for the six months ended June 30, 2025, and resulted in net unrealized gains of $551 million in Q2 2026 and $599 million for the six months ended June 30, 2026, recorded within “Technology and infrastructure” and primarily impacting our AWS segment.
Changes in fair value measurements will create unrealized gains and losses recorded within operating expenses on our statements of operations with corresponding assets (unrealized gains) and liabilities (unrealized losses) recorded on our balance sheet within “Other assets” and “Other long-term liabilities.” As of December 31, 2025 and June 30, 2026, we had recorded assets of $112 million and $705 million, and liabilities of $139 million and $133 million.
Certain of our energy contracts are subject to regulatory approval and are exempt from derivative guidance until the approval is obtained. If possible, we may elect the normal purchases and normal sales (NPNS) scope exemption from derivative guidance for energy contracts where we expect to consume substantially all committed quantities. A contract that no longer meets the NPNS exemption must be measured at fair value with immediate recognition in our financial statements.
Net Investment Hedges — Our foreign currency-denominated unsecured senior notes create exposure to changes in foreign exchange rates. As of June 30, 2026, we have designated $20.7 billion of our Euro- and Canadian Dollar-denominated Notes as net investment hedges to mitigate foreign currency exposures related to the translation of our investments in foreign operations to U.S. dollars. Foreign currency unrealized gains and losses on these notes are included in “Accumulated other comprehensive income (loss),” a separate component of stockholders’ equity, until the foreign operations are sold or substantially liquidated, at which point these amounts and any translation adjustment of the foreign operations are reclassified to our consolidated statements of operations.
Inventories
Inventories
Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out method, and are valued at the lower of cost and net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. The inventory valuation allowance, representing a write-down of inventory, was $3.3 billion and $3.0 billion as of December 31, 2025 and June 30, 2026.
Accounts Receivable, Net and Other
Accounts Receivable, Net and Other
Included in “Accounts receivable, net and other” on our consolidated balance sheets are receivables primarily related to customers, vendors, and prepaid expenses and other current assets. As of December 31, 2025 and June 30, 2026, customer receivables, net, were $40.4 billion and $49.2 billion, vendor receivables, net, were $15.9 billion and $21.7 billion, and other receivables, net, were $4.5 billion and $9.8 billion. Prepaid expenses and other current assets, which include amounts related to satellite network launch services deposits, were $6.9 billion and $7.4 billion as of December 31, 2025 and June 30, 2026. We currently expense satellite network launch services deposits upon launch to “Technology and infrastructure.”
We estimate losses on receivables based on expected losses, including our historical experience of actual losses. The allowance for doubtful accounts was $2.4 billion and $2.8 billion as of December 31, 2025 and June 30, 2026.
Digital Video and Music Content
Digital Video and Music Content
Included in “Other assets” on our consolidated balance sheets are the total capitalized costs of video, which is primarily released content, and music, which as of December 31, 2025 and June 30, 2026 were $21.3 billion. Total video and music expense was $5.1 billion and $6.9 billion in Q2 2025 and Q2 2026, and $10.2 billion and $12.9 billion for the six months ended June 30, 2025 and 2026.
Unearned Revenue
Unearned Revenue
Unearned revenue is recorded when payments are received or due in advance of performing our service obligations and is recognized over the service period. Unearned revenue primarily relates to prepayments of AWS services and Amazon Prime memberships. Our total unearned revenue as of December 31, 2025 was $25.0 billion, of which $15.2 billion was recognized as revenue during the six months ended June 30, 2026. Included in “Other long-term liabilities” on our consolidated balance sheets was $4.4 billion and $4.5 billion of unearned revenue as of December 31, 2025 and June 30, 2026.
Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that we expect to fulfill but have not yet been recognized in our financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized were approximately $496 billion as of June 30, 2026. The weighted-average remaining life of our long-term contracts is 6.4 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)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,		Twelve Months Ended
June 30,
202520262025202620252026
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$523 $736 $759 $1,010 $1,668 $1,709 
Cash paid for operating leases3,758 3,489 7,320 7,804 13,485 15,522 
Cash paid for interest on finance leases72 85 143 187 284 339 
Cash paid for interest on financing obligations52 50 107 126 212 215 
Cash paid for income taxes, net of refunds4,761 2,655 5,638 3,978 11,788 6,635 
Assets acquired under operating leases4,621 7,670 8,942 13,909 16,702 24,897 
Property and equipment acquired under finance leases, net of remeasurements and modifications937 563 991 2,128 1,622 4,048 
Increase (decrease) in property and equipment acquired but not yet paid(1,600)10,700 1,508 20,620 5,376 29,267 
Calculation of Diluted Shares
The following table shows the calculation of diluted shares (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
Shares used in computation of basic earnings per share10,637 10,769 10,620 10,756 
Total dilutive effect of outstanding stock awards169 134 180 133 
Shares used in computation of diluted earnings per share10,806 10,903 10,800 10,889 
Other Income (Expense), Net
Other income (expense), net is as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
Marketable equity securities valuation gains (losses), net$388 $1,319 $250 $430 
Equity warrant valuation gains (losses), net590 1,449 212 1,051 
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net 22 — 3,285 4,479 
Upward adjustments relating to equity investments in private companies49 50,486 86 62,814 
Foreign currency gains (losses), net70 227 68 387 
Other, net(2)(66)(35)(99)
Total other income (expense), net$1,117 $53,415 $3,866 $69,062 
v3.26.1
Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Fair Value by Major Security Type
The following table summarizes, by major investment type, our cash, cash equivalents, restricted cash, and marketable securities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in millions):
 December 31, 2025June 30, 2026
  
Total
Estimated
Fair Value		Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash and time deposits$16,145 $14,497 $— $— $14,497 
Level 1:
Money market funds29,777 40,845 — — 40,845 
Equity securities (1)3,687 3,498 
Level 2:
U.S. government and agency securities5,222 4,558 — (24)4,534 
Corporate debt securities69,585 59,458 6 (33)59,431 
Asset-backed securities1,780 1,690 1 (10)1,681 
Other financial instruments129 27 — — 27 
Equity securities (1)$— $1,189 
$126,325 $121,075 $7 $(67)$125,702 
Less: Restricted cash, cash equivalents, and marketable securities (2)(3,296)(2,714)
Total cash, cash equivalents, and marketable securities$123,029 $122,988 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $393 million and $1.3 billion in Q2 2025 and Q2 2026, and $188 million and $454 million for the six months ended June 30, 2025 and 2026.
(2)We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable debt securities primarily as collateral for real estate, amounts due to third-party sellers in certain jurisdictions, debt, standby and trade letters of credit, and licenses of digital media content. We classify cash, cash equivalents, and marketable debt securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 4 — Commitments and Contingencies.”
Investments Classified by Contractual Maturity Date
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of June 30, 2026 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$96,479 $96,471 
Due after one year through five years8,733 8,702 
Due after five years through ten years440 439 
Due after ten years926 906 
Total$106,578 $106,518 
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, 2025June 30, 2026
Cash and cash equivalents$86,810 $78,213 
Restricted cash included in “Accounts receivable, net and other”
300 283 
Restricted cash included in “Other assets”
2,996 2,431 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$90,106 $80,927 
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, 2025June 30, 2026
Cash and cash equivalents$86,810 $78,213 
Restricted cash included in “Accounts receivable, net and other”
300 283 
Restricted cash included in “Other assets”
2,996 2,431 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$90,106 $80,927 
v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Lease Cost
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202620252026
Operating lease cost$3,426 $4,118 $6,666 $8,035 
Finance lease cost:
Amortization of lease assets827 692 1,700 1,425 
Interest on lease liabilities72 108 143 209 
Finance lease cost899 800 1,843 1,634 
Variable lease cost659 718 1,355 1,460 
Total lease cost$4,984 $5,636 $9,864 $11,129 
Other Information about Lease Amounts Recognized
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2025June 30, 2026
Weighted-average remaining lease term – operating leases10.0 years10.0 years
Weighted-average remaining lease term – finance leases12.6 years12.6 years
Weighted-average discount rate – operating leases3.7 %3.9 %
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 
June 30, 2026
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$116,350 $16,660 $133,010 
Less: imputed interest(20,030)(3,209)(23,239)
Present value of lease liabilities96,320 13,451 109,771 
Less: current portion of lease liabilities(13,745)(1,688)(15,433)
Total long-term lease liabilities$82,575 $11,763 $94,338 
v3.26.1
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Principal Contractual Commitments, Excluding Open Orders for Purchases
The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of June 30, 2026 (in millions): 
 Six Months Ended December 31,Year Ended December 31,  
 20262027202820292030ThereafterTotal
Long-term debt principal and interest$2,361 $14,060 $17,087 $13,528 $11,112 $162,161 $220,309 
Operating lease liabilities9,336 14,765 13,924 12,599 11,269 54,457 116,350 
Finance lease liabilities, including interest1,088 1,775 1,885 1,482 1,269 9,161 16,660 
Financing obligations, including interest (1)352 682 694 706 720 7,916 11,070 
Leases not yet commenced4,018 11,732 9,278 9,483 9,227 93,476 137,214 
Unconditional purchase obligations (2)23,452 33,026 9,326 7,961 7,659 48,641 130,065 
Other commitments (3)2,145 2,044 1,212 1,008 963 10,994 18,366 
Total commitments$42,752 $78,084 $53,406 $46,767 $42,219 $386,806 $650,034 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $358 million and $415 million are recorded within “Accrued expenses and other” and $7.8 billion and $8.9 billion are recorded within “Other long-term liabilities” as of December 31, 2025 and June 30, 2026. The weighted-average remaining term of the financing obligations was 15.0 years and 14.9 years and the weighted-average imputed interest rate was 2.9% and 3.2% as of December 31, 2025 and June 30, 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 $7.1 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)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Long-Term Debt Obligations
As of June 30, 2026, we had $132.1 billion of unsecured senior notes outstanding (the “Notes”), including foreign currency-denominated Notes issued for general corporate purposes, the carrying values of which are subject to foreign exchange rate fluctuations. Our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2025June 30, 2026
2014 Notes issuance of $6.0 billion
2034 - 2044
4.80% - 4.95%
4.93% - 5.12%
2,750 2,750 
2017 Notes issuance of $17.0 billion
2027 - 2057
3.15% - 4.25%
3.25% - 4.33%
12,000 12,000 
2020 Notes issuance of $10.0 billion
2027 - 2060
1.20% - 2.70%
1.26% - 2.77%
7,750 7,750 
2021 Notes issuance of $18.5 billion
2028 - 2061
1.65% - 3.25%
1.70% - 3.31%
15,000 12,250 
April 2022 Notes issuance of $12.8 billion
2027 - 2062
3.30% - 4.10%
3.40% - 4.15%
9,750 9,750 
December 2022 Notes issuance of $8.3 billion
2027 - 2032
4.55% - 4.70%
4.61% - 4.74%
5,750 5,750 
2025 Notes issuance of $15.0 billion
2028 - 2065
3.90% - 5.55%
3.99% - 5.62%
15,000 15,000 
March 2026 Notes issuance of $37.0 billion (2)
2028 - 2076
3.85% - 6.05%
3.96% - 6.12%
— 37,000 
March 2026 Euro-denominated Notes issuance of €14.5 billion (3)
2028 - 2064
2.50% - 4.85%
2.59% - 4.88%
— 16,550 
May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion
2029 - 2051
0.84% - 2.08%
0.90% - 2.10%
— 3,487 
June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion
2029 - 2056
3.40% - 5.00%
3.46% - 5.05%
— 9,853 
Other long-term debt836 855 
Total face value of long-term debt68,836 132,995 
Unamortized discount and issuance costs, net(440)(771)
Less: current portion of long-term debt(2,748)(3,330)
Long-term debt$65,648 $128,894 
___________________
(1) The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, December 2022, 2025, March 2026, March 2026 Euro-denominated, May 2026 Swiss franc-denominated, and June 2026 Canadian Dollar-denominated Notes were 13.9, 14.9, 17.6, 15.6, 13.3, 3.9, 15.1, 16.4, 10.1, 8.9, and 14.8 years as of June 30, 2026. The combined weighted-average remaining life of the Notes was 14.2 years as of June 30, 2026.
(2) Includes $2.8 billion of floating rate Notes due in 2028 and 2029. Interest is calculated using the compounded Secured Overnight Financing Rate (“SOFR”) plus 0.44% and 0.59%, respectively, and payable quarterly in arrears.
(3) Includes €1.8 billion of floating rate Notes due in 2028. Interest is calculated using Euro Interbank Offered Rate (“EURIBOR”) plus 0.35%, payable quarterly in arrears.
v3.26.1
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stock-Based Compensation Expense Stock-based compensation expense is as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
Cost of sales$250 $208 $398 $379 
Fulfillment880 764 1,377 1,365 
Technology and infrastructure3,655 3,701 5,715 5,987 
Sales and marketing1,207 845 1,860 1,508 
General and administrative542 520 873 831 
Total stock-based compensation expense$6,534 $6,038 $10,223 $10,070 
Restricted Stock Unit Activity
The following table summarizes our restricted stock unit activity for the six months ended June 30, 2026 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2025222.5 $178 
Units granted98.4 218 
Units vested(52.0)162 
Units forfeited(24.5)181 
Outstanding as of June 30, 2026244.4 197 
Scheduled Vesting for Outstanding Restricted Stock Units
Scheduled vesting for outstanding restricted stock units as of June 30, 2026, is as follows (in millions):
 Six Months Ended December 31,Year Ended December 31,  
 20262027202820292030ThereafterTotal
Scheduled vesting — restricted stock units53.2 100.3 61.8 22.2 4.8 2.1 244.4 
Changes in Stockholders' Equity
The following table shows changes in stockholders’ equity (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
Total beginning stockholders’ equity$305,867 $441,914 $285,970 $411,065 
Beginning common stock111 113 111 112 
Stock-based compensation and issuance of employee benefit plan stock1 — 1 1 
Ending common stock112 113 112 113 
Beginning and ending treasury stock(7,837)(7,837)(7,837)(7,837)
Beginning additional paid-in capital124,514 143,979 120,864 140,024 
Stock-based compensation and issuance of employee benefit plan stock6,409 5,640 10,059 9,595 
Ending additional paid-in capital130,923 149,619 130,923 149,619 
Beginning accumulated other comprehensive income (loss)(914)24,868 (34)28,230 
Other comprehensive income (loss)3,334 41,419 2,454 38,057 
Ending accumulated other comprehensive income (loss)2,420 66,287 2,420 66,287 
Beginning retained earnings189,993 280,791 172,866 250,536 
Net income18,164 62,647 35,291 92,902 
Ending retained earnings208,157 343,438 208,157 343,438 
Total ending stockholders’ equity$333,775 $551,620 $333,775 $551,620 
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
June 30,		Six Months Ended
June 30,
2025202620252026
Total beginning accumulated other comprehensive income (loss), net of tax of $(1,029), $(8,573), $(1,762), and $(9,384)
$(914)$24,868 $(34)$28,230 
Foreign currency translation adjustments:
Beginning balance, net of tax of $226, $85, $292, and $98
(4,639)(2,712)(6,174)(1,948)
Foreign currency translation adjustments, net of tax of $(142), $(66), $(208), and $(79)
3,314 (799)4,849 (1,563)
Ending balance, net of tax of $84, $19, $84, and $19
(1,325)(3,511)(1,325)(3,511)
Unrealized gains (losses) on net investment hedging instruments:
Beginning balance, net of tax of $0, $24, $0, and $0
— (85)— — 
Change in net unrealized gains (losses), net of tax of $0, $(69), $0, and $(45)
— 229 — 144 
Ending balance, net of tax of $0, $(45), $0, and $(45)
— 144 — 144 
Unrealized gains (losses) on available-for-sale debt securities:
Beginning balance, net of tax of $(1,256), $(8,679), $(2,054), and $(9,481)
3,722 27,659 6,139 30,170 
Change in net unrealized gains (losses), net of tax of $(12), $(13,695), $(23), and $(14,035)
40 41,988 77 42,814 
Reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $5, $0, $814, and $1,142
(17)— (2,471)(3,337)
Ending balance, net of tax of $(1,263), $(22,374), $(1,263), and $(22,374)
3,745 69,647 3,745 69,647 
Other:
Beginning balance, net of tax of $1, $(3), $0, and $(1)
3 6 1 8 
Other, net of tax of $(1), $1, $0, and $(1)
(3)1 (1)(1)
Ending balance, net of tax of $0, $(2), $0, and $(2)
— 7 — 7 
Total ending accumulated other comprehensive income (loss), net of tax of $(1,179), $(22,402), $(1,179), and $(22,402)
$2,420 $66,287 $2,420 $66,287 
v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Information on Reportable Segments and Reconciliation to Consolidated Net Income
Information on reportable segments and reconciliation to consolidated net income is as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202620252026
North America
Net sales$100,068 $116,177 $192,955 $220,320 
Operating expenses92,551 107,054 179,597 202,930 
Operating income$7,517 $9,123 $13,358 $17,390 
International
Net sales$36,761 $42,197 $70,274 $81,986 
Operating expenses35,267 40,480 67,763 78,845 
Operating income$1,494 $1,717 $2,511 $3,141 
AWS
Net sales$30,873 $42,232 $60,140 $79,819 
Operating expenses20,713 25,611 38,433 49,037 
Operating income$10,160 $16,621 $21,707 $30,782 
Consolidated
Net sales$167,702 $200,606 $323,369 $382,125 
Operating expenses148,531 173,145 285,793 330,812 
Operating income19,171 27,461 37,576 51,313 
Total non-operating income1,686 53,396 4,960 69,378 
Provision for income taxes(2,678)(18,199)(7,231)(27,759)
Equity-method investment activity, net of tax(15)(11)(14)(30)
Net income$18,164 $62,647 $35,291 $92,902 
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
June 30,		Six Months Ended
June 30,
2025202620252026
Net Sales:
Online stores (1)$61,485 $70,432 $118,892 $134,686 
Physical stores (2)5,595 5,794 11,128 11,579 
Third-party seller services (3)40,348 46,780 76,860 88,358 
Advertising services (4)15,694 19,809 29,615 37,052 
Subscription services (5)12,208 13,730 23,923 27,157 
AWS30,873 42,232 60,140 79,819 
Other (6)1,499 1,829 2,811 3,474 
Consolidated$167,702 $200,606 $323,369 $382,125 
____________________________
(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”
(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”
(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.
(4)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
(5)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
(6)Includes sales related to various other offerings (such as shipping services, healthcare services, and certain licensing and distribution of video content) and our co-branded credit card agreements.
Segment Reporting, Reconciliation of Asset by Segment to Consolidated
Total segment assets reconciled to consolidated amounts are as follows (in millions):
 December 31, 2025June 30, 2026
North America (1)$235,652 $249,006 
International (1)81,984 85,271 
AWS (2)252,588 350,170 
Corporate247,818 411,242 
Consolidated$818,042 $1,095,689 
___________________
(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, 2025June 30, 2026
North America$122,043 $135,013 
International30,632 32,879 
AWS190,055 263,750 
Corporate14,295 14,404 
Consolidated$357,025 $446,046 
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
June 30,		Six Months Ended
June 30,
 2025202620252026
North America (1)$11,272 $12,139 $16,368 $23,265 
International (1)2,531 2,540 4,037 4,267 
AWS (2)16,043 48,604 36,507 90,120 
Corporate915 608 1,298 996 
Consolidated$30,761 $63,891 $58,210 $118,648 
___________________
(1)Includes property and equipment added under finance leases of $21 million and $235 million in Q2 2025 and Q2 2026, and $75 million and $472 million for the six months ended June 30, 2025 and 2026.
(2)Includes property and equipment added under finance leases of $916 million and $328 million in Q2 2025 and Q2 2026, and $916 million and $1.7 billion for the six months ended June 30, 2025 and 2026.
Total depreciation and amortization expense, by segment, is as follows (in millions):
 Three Months Ended
June 30,		Six Months Ended
June 30,
 2025202620252026
North America$3,742 $4,500 $7,272 $8,780 
International1,180 1,293 2,316 2,570 
AWS4,844 8,076 9,234 15,353 
Consolidated$9,766 $13,869 $18,822 $26,703 
v3.26.1
Accounting Policies and Supplemental Disclosures - Use of Estimates (Details)
$ in Millions
 3 Months Ended
Jun. 30, 2026
USD ($)
IEEPA Tariff Refund  
Gain Contingencies [Line Items]  
Tariff refunds received $ 640
v3.26.1
Accounting Policies and Supplemental Disclosures - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
SUPPLEMENTAL CASH FLOW INFORMATION:            
Cash paid for interest on debt, net of capitalized interest $ 736 $ 523 $ 1,010 $ 759 $ 1,709 $ 1,668
Cash paid for operating leases 3,489 3,758 7,804 7,320 15,522 13,485
Cash paid for interest on finance leases 85 72 187 143 339 284
Cash paid for interest on financing obligations 50 52 126 107 215 212
Cash paid for income taxes, net of refunds 2,655 4,761 3,978 5,638 6,635 11,788
Assets acquired under operating leases 7,670 4,621 13,909 8,942 24,897 16,702
Property and equipment acquired under finance leases, net of remeasurements and modifications 563 937 2,128 991 4,048 1,622
Increase (decrease) in property and equipment acquired but not yet paid $ 10,700 $ (1,600) $ 20,620 $ 1,508 $ 29,267 $ 5,376
v3.26.1
Accounting Policies and Supplemental Disclosures - Calculation of Diluted Shares (Details) - shares
shares in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Accounting Policies [Abstract]        
Shares used in computation of basic earnings per share (in shares) 10,769 10,637 10,756 10,620
Total dilutive effect of outstanding stock awards (in shares) 134 169 133 180
Shares used in computation of diluted earnings per share (in shares) 10,903 10,806 10,889 10,800
v3.26.1
Accounting Policies and Supplemental Disclosures - Other Income (Expense), Net (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Accounting Policies [Abstract]        
Marketable equity securities valuation gains (losses), net $ 1,319 $ 388 $ 430 $ 250
Equity warrant valuation gains (losses), net 1,449 590 1,051 212
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net 0 22 4,479 3,285
Upward adjustments relating to equity investments in private companies 50,486 49 62,814 86
Foreign currency gains (losses), net 227 70 387 68
Other, net (66) (2) (99) (35)
Total other income (expense), net $ 53,415 $ 1,117 $ 69,062 $ 3,866
v3.26.1
Accounting Policies and Supplemental Disclosures - Derivative Instruments (Details)
MWh in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2026
USD ($)
MWh
Dec. 31, 2025
USD ($)
Derivative [Line Items]      
Energy contract quantity | MWh   270  
Period for which the majority of mega-watt hours is expected to be delivered   9 years  
Unrealized gain on derivatives $ 551 $ 599  
Assets 705 705 $ 112
Liabilities 133 133 $ 139
Net Investment Hedging      
Derivative [Line Items]      
Net investment hedges $ 20,700 $ 20,700  
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
Jun. 30, 2026
Dec. 31, 2025
Accounting Policies [Abstract]    
Inventory valuation allowance $ 3.0 $ 3.3
v3.26.1
Accounting Policies and Supplemental Disclosures - Accounts Receivable, Net and Other (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other $ 88,092 $ 67,729
Prepaid expenses and other current assets 7,400 6,900
Allowance for doubtful accounts 2,800 2,400
Customer receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other 49,200 40,400
Vendor receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other 21,700 15,900
Other receivables, net    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, net and other $ 9,800 $ 4,500
v3.26.1
Accounting Policies and Supplemental Disclosures - Digital Video and Music Content (Details) - USD ($)
$ in Billions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Accounting Policies [Abstract]          
Digital video and music content, capitalized costs $ 21.3   $ 21.3   $ 21.3
Digital video and music content, expense $ 6.9 $ 5.1 $ 12.9 $ 10.2  
v3.26.1
Accounting Policies and Supplemental Disclosures - Unearned Revenue (Details) - USD ($)
$ in Billions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2026
Dec. 31, 2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Unearned revenue       $ 25.0
Unearned revenue, revenue recognized     $ 15.2  
Unearned revenue, long-term $ 4.5   4.5 $ 4.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Remaining performance obligation, contracts exceeding one year $ 496.0   $ 496.0  
Remaining performance obligation, weighted average remaining life 6 years 4 months 24 days   6 years 4 months 24 days  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01 | Open AI        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Remaining performance obligation, contracts exceeding one year   $ 38.0    
Remaining performance obligation, increase during period   $ 100.0    
Remaining performance obligation, weighted average remaining life   8 years    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01 | Anthropic        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Remaining performance obligation, increase during period $ 100.0      
Remaining performance obligation, weighted average remaining life 10 years   10 years  
v3.26.1
Financial Instruments - Fair Values on Recurring Basis (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Schedule of Investments [Line Items]          
Cash and time deposits $ 14,497   $ 14,497   $ 16,145
Debt Securities, Available-for-sale          
Gross Unrealized Gains 7   7    
Gross Unrealized Losses (67)   (67)    
Total Estimated Fair Value 97,900   97,900   45,800
Cash, Cash Equivalents, and Marketable Securities          
Cash, cash equivalents and marketable securities 125,702   125,702   126,325
Cash, cash equivalents and marketable securities, amortized cost 121,075   121,075    
Less: Restricted cash, cash equivalents, and marketable securities (2,714)   (2,714)   (3,296)
Total cash, cash equivalents, and marketable securities 122,988   122,988   123,029
Equity Securities, FV-NI, Gain (Loss)          
Equity securities, unrealized gain (loss) 1,300 $ 393 454 $ 188  
Level 1 securities          
Schedule of Investments [Line Items]          
Equity securities 3,498   3,498   3,687
Level 1 securities | Money market funds          
Schedule of Investments [Line Items]          
Money market funds 40,845   40,845   29,777
Level 2 securities          
Schedule of Investments [Line Items]          
Equity securities 1,189   1,189   0
Level 2 securities | U.S. government and agency securities          
Debt Securities, Available-for-sale          
Cost or Amortized Cost 4,558   4,558    
Gross Unrealized Gains 0   0    
Gross Unrealized Losses (24)   (24)    
Total Estimated Fair Value 4,534   4,534   5,222
Level 2 securities | Corporate debt securities          
Debt Securities, Available-for-sale          
Cost or Amortized Cost 59,458   59,458    
Gross Unrealized Gains 6   6    
Gross Unrealized Losses (33)   (33)    
Total Estimated Fair Value 59,431   59,431   69,585
Level 2 securities | Asset-backed securities          
Debt Securities, Available-for-sale          
Cost or Amortized Cost 1,690   1,690    
Gross Unrealized Gains 1   1    
Gross Unrealized Losses (10)   (10)    
Total Estimated Fair Value 1,681   1,681   1,780
Level 2 securities | Other financial instruments          
Debt Securities, Available-for-sale          
Cost or Amortized Cost 27   27    
Gross Unrealized Gains 0   0    
Gross Unrealized Losses 0   0    
Total Estimated Fair Value $ 27   $ 27   $ 129
v3.26.1
Financial Instruments - Contractual Maturities (Details)
$ in Millions
Jun. 30, 2026
USD ($)
Amortized Cost  
Due within one year $ 96,479
Due after one year through five years 8,733
Due after five years through ten years 440
Due after ten years 926
Amortized cost 106,578
Estimated Fair Value  
Due within one year 96,471
Due after one year through five years 8,702
Due after five years through ten years 439
Due after ten years 906
Estimated fair value $ 106,518
v3.26.1
Financial Instruments - Non-Marketable Equity Investments (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 30 Months Ended
Jul. 30, 2026
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 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   $ 0   $ 22 $ 4,479 $ 3,285    
Equity investments without readily determinable fair values   122,300     122,300   $ 16,200 16,200
Option to acquire equity securities   5,000     5,000      
Upward adjustments relating to equity investments in private companies   50,486   $ 49 62,814 $ 86    
Fair value of convertible notes   97,900     97,900   45,800 45,800
Reclassification adjustments for gains (losses) on available-for-sale debt securities, net         92,000   39,500  
Equity method investments   395     395   659 659
Fair value of warrant assets   705     705   112 112
Credit Facility                
Derivative [Line Items]                
Revolving credit facility maximum borrowing capacity   20,000     20,000      
Credit Facility | Anthropic                
Derivative [Line Items]                
Revolving credit facility maximum borrowing capacity   20,000     $ 20,000      
Expiration period after a liquidity event         30 months      
Revolving credit facility current borrowing capacity   15,000     $ 15,000      
Preferred Stock                
Derivative [Line Items]                
Equity investments without readily determinable fair values   92,500     92,500   14,800 14,800
Series G Preferred Stock                
Derivative [Line Items]                
Investments in equity securities   5,000            
Series C Preferred Stock                
Derivative [Line Items]                
Investments in equity securities   13,700 $ 15,000          
Equity investments without readily determinable fair values   28,700     28,700      
Option to acquire equity securities     $ 35,000          
Series C Preferred Stock | Subsequent Event                
Derivative [Line Items]                
Investments in equity securities $ 21,300              
Warrant | Level 2 assets                
Derivative [Line Items]                
Fair value of warrant assets   $ 4,300     $ 4,300   $ 2,700 $ 2,700
v3.26.1
Financial Instruments - Consolidated Statements of Cash Flows Reconciliation (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]              
Cash and cash equivalents $ 78,213   $ 86,810        
Restricted cash included in “Accounts receivable, net and other” 283   300        
Restricted cash included in “Other assets” 2,431   2,996        
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 80,927 $ 104,692 $ 90,106 $ 61,453 $ 69,893 $ 82,312 $ 71,673
v3.26.1
Leases - Additional Information (Details) - USD ($)
$ in Billions
Jun. 30, 2026
Dec. 31, 2025
Leases [Abstract]    
Gross assets acquired under finance leases, location Property and equipment, net Property and equipment, net
Gross assets acquired under finance leases $ 55.6 $ 55.6
Accumulated amortization associated with finance leases $ 39.8 $ 40.4
v3.26.1
Leases - Lease Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Leases [Abstract]        
Operating lease cost $ 4,118 $ 3,426 $ 8,035 $ 6,666
Finance lease cost:        
Amortization of lease assets 692 827 1,425 1,700
Interest on lease liabilities 108 72 209 143
Finance lease cost 800 899 1,634 1,843
Variable lease cost 718 659 1,460 1,355
Total lease cost $ 5,636 $ 4,984 $ 11,129 $ 9,864
v3.26.1
Leases - Other Operating and Finance Lease Information (Details)
Jun. 30, 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 7 months 6 days 12 years 7 months 6 days
Weighted-average discount rate – operating leases 3.90% 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
Jun. 30, 2026
Dec. 31, 2025
Leases [Abstract]    
Total operating lease liabilities $ 116,350 $ 106,914
Total finance lease liabilities 16,660 14,917
Gross lease liabilities 133,010 121,831
Imputed interest - operating leases (20,030) (17,662)
Imputed interest - finance leases (3,209) (2,631)
Imputed interest (23,239) (20,293)
Present value of operating leases 96,320 89,252
Present value of finance leases 13,451 12,286
Present value of lease liabilities $ 109,771 $ 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 $ (13,745) $ (12,655)
Current portion of finance lease liabilities (1,688) (1,544)
Current portion of lease liabilities $ (15,433) $ (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 $ 82,575 $ 76,597
Total long-term finance lease liabilities 11,763 10,742
Total long-term lease liabilities $ 94,338 $ 87,339
v3.26.1
Commitments and Contingencies - Commitments (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Long-term debt principal and interest    
2026 $ 2,361  
2027 14,060  
2028 17,087  
2029 13,528  
2030 11,112  
Thereafter 162,161  
Total 220,309  
Operating lease liabilities    
2026 9,336  
2027 14,765  
2028 13,924  
2029 12,599  
2030 11,269  
Thereafter 54,457  
Total operating lease liabilities 116,350 $ 106,914
Finance lease liabilities, including interest    
2026 1,088  
2027 1,775  
2028 1,885  
2029 1,482  
2030 1,269  
Thereafter 9,161  
Total finance lease liabilities 16,660 14,917
Financing obligations, including interest    
2026 352  
2027 682  
2028 694  
2029 706  
2030 720  
Thereafter 7,916  
Total 11,070  
Other commitments    
2026 2,145  
2027 2,044  
2028 1,212  
2029 1,008  
2030 963  
Thereafter 10,994  
Total 18,366  
Total commitments    
2026 42,752  
2027 78,084  
2028 53,406  
2029 46,767  
2030 42,219  
Thereafter 386,806  
Total 650,034  
Financing obligations, current 415 358
Financing obligations, noncurrent $ 8,900 $ 7,800
Financing obligations, weighted-average remaining term 14 years 10 months 24 days 15 years
Financing obligations, weighted-average imputed interest rate 3.20% 2.90%
Accrued tax contingencies $ 7,100 $ 6,600
Leases not yet commenced    
Leases not yet commenced and Unconditional purchase obligations    
2026 4,018  
2027 11,732  
2028 9,278  
2029 9,483  
2030 9,227  
Thereafter 93,476  
Total 137,214  
Unconditional purchase obligations    
Leases not yet commenced and Unconditional purchase obligations    
2026 23,452  
2027 33,026  
2028 9,326  
2029 7,961  
2030 7,659  
Thereafter 48,641  
Total $ 130,065  
v3.26.1
Commitments and Contingencies - Additional Information (Details) - Globalstar, Inc.
$ / 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 acquisition | $ $ 10,900  
Forecast | Maximum    
Business Combination [Line Items]    
Maximum downward adjustment | $   $ 110
v3.26.1
Debt - Additional Information (Details)
$ in Millions, € in Billions
 1 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2026
USD ($)
extension
Jul. 30, 2026
USD ($)
Jun. 30, 2026
EUR (€)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]          
Notes outstanding $ 132,995 $ 132,995     $ 68,836
Short-term debt 325 325     455
Long-term debt 128,894 128,894     65,648
Credit Facility          
Debt Instrument [Line Items]          
Revolving credit facility maximum borrowing capacity 20,000 20,000      
Commercial Paper          
Debt Instrument [Line Items]          
Commercial paper, maximum borrowing capacity 30,000 $ 30,000   € 3.0  
Debt term   397 days      
Commercial paper 0 $ 0     0
The Credit Agreement | Credit Facility          
Debt Instrument [Line Items]          
Revolving credit facility maximum borrowing capacity 15,000 $ 15,000      
Basis spread on variable rate (as a percent)   0.45%      
Commitment fee percentage   0.03%      
Short-term debt 0 $ 0     0
Short-Term Credit Agreement | Credit Facility          
Debt Instrument [Line Items]          
Debt term   364 days      
Revolving credit facility maximum borrowing capacity 5,000 $ 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     0
Number of term extensions | extension   1      
Senior Notes          
Debt Instrument [Line Items]          
Notes outstanding 132,100 $ 132,100      
Estimated fair value of notes $ 123,800 $ 123,800     $ 61,100
Senior Notes | July 2026 US Dollar-Denominated Notes | Subsequent Event          
Debt Instrument [Line Items]          
Issuance amount     $ 25,000    
Senior Notes | July 2026 US Dollar-Denominated Notes | Minimum | Subsequent Event          
Debt Instrument [Line Items]          
Stated Interest Rates     4.60%    
Effective Interest Rates     4.67%    
Senior Notes | July 2026 US Dollar-Denominated Notes | Maximum | Subsequent Event          
Debt Instrument [Line Items]          
Stated Interest Rates     6.25%    
Effective Interest Rates     6.33%    
Senior Notes | Floating Rate Notes due 2029          
Debt Instrument [Line Items]          
Stated Interest Rates 0.59% 0.59%   0.59%  
Senior Notes | Floating Rate Notes due 2029 | Subsequent Event          
Debt Instrument [Line Items]          
Issuance amount     $ 750    
Stated Interest Rates     0.58%    
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 $ 13,400 $ 13,400      
Delayed Draw Term Loan (DDTL) | Term Loan          
Debt Instrument [Line Items]          
Issuance amount $ 17,500 17,500      
Debt term 3 years        
Maximum amount available in a single draw $ 17,500 17,500      
Long-term debt $ 0 $ 0      
Delayed Draw Term Loan (DDTL) | Term Loan | Minimum          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent) 0.625%        
Delayed Draw Term Loan (DDTL) | Term Loan | Maximum          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent) 0.875%        
v3.26.1
Debt - Long-Term Debt Obligations (Details)
$ in Millions, € in Billions, £ in Billions, SFr in Billions
 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2026
EUR (€)
Jun. 30, 2026
CHF (SFr)
Jun. 30, 2026
GBP (£)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]          
Face value of long-term debt $ 132,995       $ 68,836
Total face value of long-term debt 132,995       68,836
Less: current portion of long-term debt (3,330)       (2,748)
Long-term debt 128,894       65,648
Senior Notes          
Debt Instrument [Line Items]          
Face value of long-term debt 132,100        
Total face value of long-term debt 132,100        
Unamortized discount and issuance costs, net $ (771)       (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 13 years 10 months 24 days        
Senior Notes | 2014 Notes issuance of $6.0 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 4.80% 4.80% 4.80% 4.80%  
Effective Interest Rates 4.93% 4.93% 4.93% 4.93%  
Senior Notes | 2014 Notes issuance of $6.0 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 4.95% 4.95% 4.95% 4.95%  
Effective Interest Rates 5.12% 5.12% 5.12% 5.12%  
Senior Notes | 2017 Notes issuance of $17.0 billion          
Debt Instrument [Line Items]          
Issuance amount $ 17,000        
Face value of long-term debt 12,000       12,000
Total face value of long-term debt $ 12,000       12,000
Weighted average remaining lives term 14 years 10 months 24 days        
Senior Notes | 2017 Notes issuance of $17.0 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 3.15% 3.15% 3.15% 3.15%  
Effective Interest Rates 3.25% 3.25% 3.25% 3.25%  
Senior Notes | 2017 Notes issuance of $17.0 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 4.25% 4.25% 4.25% 4.25%  
Effective Interest Rates 4.33% 4.33% 4.33% 4.33%  
Senior Notes | 2020 Notes issuance of $10.0 billion          
Debt Instrument [Line Items]          
Issuance amount $ 10,000        
Face value of long-term debt 7,750       7,750
Total face value of long-term debt $ 7,750       7,750
Weighted average remaining lives term 17 years 7 months 6 days        
Senior Notes | 2020 Notes issuance of $10.0 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 1.20% 1.20% 1.20% 1.20%  
Effective Interest Rates 1.26% 1.26% 1.26% 1.26%  
Senior Notes | 2020 Notes issuance of $10.0 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 2.70% 2.70% 2.70% 2.70%  
Effective Interest Rates 2.77% 2.77% 2.77% 2.77%  
Senior Notes | 2021 Notes issuance of $18.5 billion          
Debt Instrument [Line Items]          
Issuance amount $ 18,500        
Face value of long-term debt 12,250       15,000
Total face value of long-term debt $ 12,250       15,000
Weighted average remaining lives term 15 years 7 months 6 days        
Senior Notes | 2021 Notes issuance of $18.5 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 1.65% 1.65% 1.65% 1.65%  
Effective Interest Rates 1.70% 1.70% 1.70% 1.70%  
Senior Notes | 2021 Notes issuance of $18.5 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 3.25% 3.25% 3.25% 3.25%  
Effective Interest Rates 3.31% 3.31% 3.31% 3.31%  
Senior Notes | April 2022 Notes issuance of $12.8 billion          
Debt Instrument [Line Items]          
Issuance amount $ 12,800        
Face value of long-term debt 9,750       9,750
Total face value of long-term debt $ 9,750       9,750
Weighted average remaining lives term 13 years 3 months 18 days        
Senior Notes | April 2022 Notes issuance of $12.8 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 3.30% 3.30% 3.30% 3.30%  
Effective Interest Rates 3.40% 3.40% 3.40% 3.40%  
Senior Notes | April 2022 Notes issuance of $12.8 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 4.10% 4.10% 4.10% 4.10%  
Effective Interest Rates 4.15% 4.15% 4.15% 4.15%  
Senior Notes | December 2022 Notes issuance of $8.3 billion          
Debt Instrument [Line Items]          
Issuance amount $ 8,300        
Face value of long-term debt 5,750       5,750
Total face value of long-term debt $ 5,750       5,750
Weighted average remaining lives term 3 years 10 months 24 days        
Senior Notes | December 2022 Notes issuance of $8.3 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 4.55% 4.55% 4.55% 4.55%  
Effective Interest Rates 4.61% 4.61% 4.61% 4.61%  
Senior Notes | December 2022 Notes issuance of $8.3 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 4.70% 4.70% 4.70% 4.70%  
Effective Interest Rates 4.74% 4.74% 4.74% 4.74%  
Senior Notes | 2025 Notes issuance of $15.0 billion          
Debt Instrument [Line Items]          
Issuance amount $ 15,000        
Face value of long-term debt 15,000       15,000
Total face value of long-term debt $ 15,000       15,000
Weighted average remaining lives term 15 years 1 month 6 days        
Senior Notes | 2025 Notes issuance of $15.0 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 3.90% 3.90% 3.90% 3.90%  
Effective Interest Rates 3.99% 3.99% 3.99% 3.99%  
Senior Notes | 2025 Notes issuance of $15.0 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 5.55% 5.55% 5.55% 5.55%  
Effective Interest Rates 5.62% 5.62% 5.62% 5.62%  
Senior Notes | March 2026 Notes issuance of $37.0 billion          
Debt Instrument [Line Items]          
Issuance amount $ 37,000        
Face value of long-term debt 37,000       0
Total face value of long-term debt $ 37,000       0
Weighted average remaining lives term 16 years 4 months 24 days        
Senior Notes | March 2026 Notes issuance of $37.0 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 3.85% 3.85% 3.85% 3.85%  
Effective Interest Rates 3.96% 3.96% 3.96% 3.96%  
Senior Notes | March 2026 Notes issuance of $37.0 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 6.05% 6.05% 6.05% 6.05%  
Effective Interest Rates 6.12% 6.12% 6.12% 6.12%  
Senior Notes | March 2026 Euro-denominated Notes issuance of €14.5 billion          
Debt Instrument [Line Items]          
Issuance amount | €   € 14.5      
Face value of long-term debt $ 16,550       0
Total face value of long-term debt $ 16,550       0
Weighted average remaining lives term 10 years 1 month 6 days        
Senior Notes | March 2026 Euro-denominated Notes issuance of €14.5 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 2.50% 2.50% 2.50% 2.50%  
Effective Interest Rates 2.59% 2.59% 2.59% 2.59%  
Senior Notes | March 2026 Euro-denominated Notes issuance of €14.5 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 4.85% 4.85% 4.85% 4.85%  
Effective Interest Rates 4.88% 4.88% 4.88% 4.88%  
Senior Notes | Euro-Denominated Floating Rate Notes due 2028          
Debt Instrument [Line Items]          
Issuance amount $ 1,800        
Stated Interest Rates 0.35% 0.35% 0.35% 0.35%  
Senior Notes | May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion          
Debt Instrument [Line Items]          
Issuance amount | SFr     SFr 2.8    
Face value of long-term debt $ 3,487       0
Total face value of long-term debt $ 3,487       0
Weighted average remaining lives term 8 years 10 months 24 days        
Senior Notes | May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 0.84% 0.84% 0.84% 0.84%  
Effective Interest Rates 0.90% 0.90% 0.90% 0.90%  
Senior Notes | May 2026 Swiss franc-denominated Notes issuance of CHF2.8 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 2.08% 2.08% 2.08% 2.08%  
Effective Interest Rates 2.10% 2.10% 2.10% 2.10%  
Senior Notes | June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion          
Debt Instrument [Line Items]          
Issuance amount | £       £ 14.0  
Face value of long-term debt $ 9,853       0
Total face value of long-term debt $ 9,853       0
Weighted average remaining lives term 14 years 9 months 18 days        
Senior Notes | June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion | Minimum          
Debt Instrument [Line Items]          
Stated Interest Rates 3.40% 3.40% 3.40% 3.40%  
Effective Interest Rates 3.46% 3.46% 3.46% 3.46%  
Senior Notes | June 2026 Canadian Dollar-denominated Notes issuance of C$14.0 billion | Maximum          
Debt Instrument [Line Items]          
Stated Interest Rates 5.00% 5.00% 5.00% 5.00%  
Effective Interest Rates 5.05% 5.05% 5.05% 5.05%  
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% 0.44% 0.44%  
Senior Notes | Floating Rate Notes due 2029          
Debt Instrument [Line Items]          
Stated Interest Rates 0.59% 0.59% 0.59% 0.59%  
Other long-term debt          
Debt Instrument [Line Items]          
Face value of long-term debt $ 855       836
Total face value of long-term debt $ 855       $ 836
v3.26.1
Stockholders' Equity - Additional Information (Details) - USD ($)
shares in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Mar. 31, 2022
Class of Stock [Line Items]        
Stock repurchases (in shares) 0.0 0.0    
Stock repurchase, remaining authorized amount $ 6,100,000,000      
Common shares outstanding plus underlying outstanding stock awards (in shares) 11,000.0   11,000.0  
Net unrecognized compensation cost related to unvested stock-based compensation arrangements $ 24,800,000,000      
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 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense $ 6,038 $ 6,534 $ 10,070 $ 10,223
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 208 250 379 398
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 520 542 831 873
Income Statement Location [Axis]: us-gaap:MarketingExpense        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 845 1,207 1,508 1,860
Income Statement Location [Axis]: amzn:FulfillmentExpense        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 764 880 1,365 1,377
Income Statement Location [Axis]: amzn:TechnologyAndInfrastructureExpense        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense $ 3,701 $ 3,655 $ 5,987 $ 5,715
v3.26.1
Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units
shares in Millions
 6 Months Ended
Jun. 30, 2026
$ / shares
shares
Number of Units  
Beginning balance (in shares) | shares 222.5
Units granted (in shares) | shares 98.4
Units vested (in shares) | shares (52.0)
Units forfeited (in shares) | shares (24.5)
Ending balance (in shares) | shares 244.4
Weighted-Average Grant-Date Fair Value  
Beginning balance (in usd per share) | $ / shares $ 178
Units granted (in usd per share) | $ / shares 218
Units vested (in usd per share) | $ / shares 162
Units forfeited (in usd per share) | $ / shares 181
Ending balance (in usd per share) | $ / shares $ 197
v3.26.1
Stockholders' Equity - Scheduled Vesting for Outstanding Restricted Stock Units (Details) - Restricted Stock Units - shares
shares in Millions
Jun. 30, 2026
Dec. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
2026 (in shares) 53.2  
2027 (in shares) 100.3  
2028 (in shares) 61.8  
2029 (in shares) 22.2  
2030 (in shares) 4.8  
Thereafter (in shares) 2.1  
Total (in shares) 244.4 222.5
v3.26.1
Stockholders' Equity - Changes in Stockholders Equity (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Changes in Stockholders' Equity            
Beginning balance $ 441,914 $ 305,867 $ 411,065 $ 285,970 $ 333,775  
Other comprehensive income (loss) 41,419 3,334 38,057 2,454    
Net income 62,647 18,164 92,902 35,291 135,281 $ 70,623
Ending balance 551,620 333,775 551,620 333,775 551,620 333,775
Common stock            
Changes in Stockholders' Equity            
Beginning balance 113 111 112 111 112  
Stock-based compensation and issuance of employee benefit plan stock 0 1 1 1    
Ending balance 113 112 113 112 113 112
Treasury stock            
Changes in Stockholders' Equity            
Beginning balance (7,837) (7,837) (7,837) (7,837) (7,837)  
Ending balance (7,837) (7,837) (7,837) (7,837) (7,837) (7,837)
Additional paid-in capital            
Changes in Stockholders' Equity            
Beginning balance 143,979 124,514 140,024 120,864 130,923  
Stock-based compensation and issuance of employee benefit plan stock 5,640 6,409 9,595 10,059    
Ending balance 149,619 130,923 149,619 130,923 149,619 130,923
Accumulated other comprehensive income (loss)            
Changes in Stockholders' Equity            
Beginning balance 24,868 (914) 28,230 (34) 2,420  
Other comprehensive income (loss) 41,419 3,334 38,057 2,454    
Ending balance 66,287 2,420 66,287 2,420 66,287 2,420
Retained earnings            
Changes in Stockholders' Equity            
Beginning balance 280,791 189,993 250,536 172,866 208,157  
Net income 62,647 18,164 92,902 35,291    
Ending balance $ 343,438 $ 208,157 $ 343,438 $ 208,157 $ 343,438 $ 208,157
v3.26.1
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance $ 441,914 $ 305,867 $ 411,065 $ 285,970
Ending balance 551,620 333,775 551,620 333,775
Accumulated other comprehensive income (loss)        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance 24,868 (914) 28,230 (34)
Ending balance 66,287 2,420 66,287 2,420
Foreign currency translation adjustments        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance (2,712) (4,639) (1,948) (6,174)
Foreign currency translation adjustments and other, net of tax (799) 3,314 (1,563) 4,849
Ending balance (3,511) (1,325) (3,511) (1,325)
Unrealized gains (losses) on net investment hedging instruments        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance (85) 0 0 0
Change in net unrealized gains (losses) 229 0 144 0
Ending balance 144 0 144 0
Unrealized gains (losses) on available-for-sale debt securities        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance 27,659 3,722 30,170 6,139
Change in net unrealized gains (losses) 41,988 40 42,814 77
Reclassification adjustments for net losses (gains) included in “Other income (expense), net,” net of tax of $5, $0, $814, and $1,142 0 (17) (3,337) (2,471)
Ending balance 69,647 3,745 69,647 3,745
Other        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance 6 3 8 1
Foreign currency translation adjustments and other, net of tax 1 (3) (1) (1)
Ending balance $ 7 $ 0 $ 7 $ 0
v3.26.1
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Foreign currency translation adjustments, tax $ 66 $ 142 $ 79 $ 208        
Unrealized gains (losses), tax 13,695 12 14,035 23        
Other comprehensive income, other, tax 1 (1) (1) 0        
Accumulated other comprehensive income (loss)                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax (22,402) (1,179) (22,402) (1,179) $ (8,573) $ (9,384) $ (1,029) $ (1,762)
Foreign currency translation adjustments                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax 19 84 19 84 85 98 226 292
Foreign currency translation adjustments, tax (66) (142) (79) (208)        
Unrealized gains (losses) on net investment hedging instruments                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax (45) 0 (45) 0 24 0 0 0
Change in net unrealized gains (losses), tax (69) 0 (45) 0        
Unrealized gains (losses) on available-for-sale debt securities                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax (22,374) (1,263) (22,374) (1,263) (8,679) (9,481) (1,256) (2,054)
Unrealized gains (losses), tax (13,695) (12) (14,035) (23)        
Reclassification adjustment for losses (gains) included in “Other income (expense), net,” tax 0 5 1,142 814        
Other                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Accumulated other comprehensive income (loss), tax (2) 0 (2) 0 $ (3) $ (1) $ 1 $ 0
Other comprehensive income, other, tax $ 1 $ (1) $ (1) $ 0        
v3.26.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Income Tax Disclosure [Abstract]              
Provision for income taxes $ 18,199 $ 2,678 $ 27,759 $ 7,231      
Net discrete tax expense (benefit)     15,900 (753)      
Cash paid for income taxes, net of refunds 2,655 $ 4,761 3,978 $ 5,638 $ 6,635 $ 11,788  
Tax contingencies $ 7,100   $ 7,100   $ 7,100   $ 6,600
v3.26.1
Segment Information - Reportable Segments and Reconciliation to Consolidated Net Income (Details)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Segment Reporting [Abstract]            
Number of operating segments | segment     3      
Number of reportable segments | segment     3      
Segment Reporting Disclosure [Line Items]            
Net sales $ 200,606 $ 167,702 $ 382,125 $ 323,369    
Operating expenses 173,145 148,531 330,812 285,793    
Operating income 27,461 19,171 51,313 37,576    
Total non-operating income 53,396 1,686 69,378 4,960    
Provision for income taxes (18,199) (2,678) (27,759) (7,231)    
Equity-method investment activity, net of tax (11) (15) (30) (14)    
Net income 62,647 18,164 92,902 35,291 $ 135,281 $ 70,623
North America            
Segment Reporting Disclosure [Line Items]            
Net sales 116,177 100,068 220,320 192,955    
Operating expenses 107,054 92,551 202,930 179,597    
Operating income 9,123 7,517 17,390 13,358    
International            
Segment Reporting Disclosure [Line Items]            
Net sales 42,197 36,761 81,986 70,274    
Operating expenses 40,480 35,267 78,845 67,763    
Operating income 1,717 1,494 3,141 2,511    
AWS            
Segment Reporting Disclosure [Line Items]            
Net sales 42,232 30,873 79,819 60,140    
Operating expenses 25,611 20,713 49,037 38,433    
Operating income $ 16,621 $ 10,160 $ 30,782 $ 21,707    
v3.26.1
Segment Information - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Disaggregation of Revenue [Line Items]        
Total net sales $ 200,606 $ 167,702 $ 382,125 $ 323,369
Online stores        
Disaggregation of Revenue [Line Items]        
Total net sales 70,432 61,485 134,686 118,892
Physical stores        
Disaggregation of Revenue [Line Items]        
Total net sales 5,794 5,595 11,579 11,128
Third-party seller services        
Disaggregation of Revenue [Line Items]        
Total net sales 46,780 40,348 88,358 76,860
Advertising services        
Disaggregation of Revenue [Line Items]        
Total net sales 19,809 15,694 37,052 29,615
Subscription services        
Disaggregation of Revenue [Line Items]        
Total net sales 13,730 12,208 27,157 23,923
AWS        
Disaggregation of Revenue [Line Items]        
Total net sales 42,232 30,873 79,819 60,140
Other        
Disaggregation of Revenue [Line Items]        
Total net sales $ 1,829 $ 1,499 $ 3,474 $ 2,811
v3.26.1
Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Segment Reporting Disclosure [Line Items]    
Total assets $ 1,095,689 $ 818,042
Operating Segments | North America    
Segment Reporting Disclosure [Line Items]    
Total assets 249,006 235,652
Operating Segments | International    
Segment Reporting Disclosure [Line Items]    
Total assets 85,271 81,984
Operating Segments | AWS    
Segment Reporting Disclosure [Line Items]    
Total assets 350,170 252,588
Corporate    
Segment Reporting Disclosure [Line Items]    
Total assets $ 411,242 $ 247,818
v3.26.1
Segment Information - Reconciliation of Property and Equipment from Segments to Consolidated (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Segment Reporting Disclosure [Line Items]    
Property and equipment, net $ 446,046 $ 357,025
Operating Segments | North America    
Segment Reporting Disclosure [Line Items]    
Property and equipment, net 135,013 122,043
Operating Segments | International    
Segment Reporting Disclosure [Line Items]    
Property and equipment, net 32,879 30,632
Operating Segments | AWS    
Segment Reporting Disclosure [Line Items]    
Property and equipment, net 263,750 190,055
Corporate    
Segment Reporting Disclosure [Line Items]    
Property and equipment, net $ 14,404 $ 14,295
v3.26.1
Segment Information - Reconciliation of Property and Equipment Additions from Segments to Consolidated (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting Disclosure [Line Items]        
Property and equipment additions $ 63,891 $ 30,761 $ 118,648 $ 58,210
Operating Segments | North America and International | Assets held under finance leases        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 235 21 472 75
Operating Segments | North America        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 12,139 11,272 23,265 16,368
Operating Segments | International        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 2,540 2,531 4,267 4,037
Operating Segments | AWS        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 48,604 16,043 90,120 36,507
Operating Segments | AWS | Assets held under finance leases        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions 328 916 1,700 916
Corporate        
Segment Reporting Disclosure [Line Items]        
Property and equipment additions $ 608 $ 915 $ 996 $ 1,298
v3.26.1
Segment Information - Depreciation and Amortization Expense, by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting Disclosure [Line Items]        
Depreciation and amortization expense $ 13,869 $ 9,766 $ 26,703 $ 18,822
North America        
Segment Reporting Disclosure [Line Items]        
Depreciation and amortization expense 4,500 3,742 8,780 7,272
International        
Segment Reporting Disclosure [Line Items]        
Depreciation and amortization expense 1,293 1,180 2,570 2,316
AWS        
Segment Reporting Disclosure [Line Items]        
Depreciation and amortization expense $ 8,076 $ 4,844 $ 15,353 $ 9,234