AMAZON COM INC, 10-K filed on 2/7/2025
Annual Report
v3.25.0.1
Cover Page - USD ($)
 12 Months Ended
Dec. 31, 2024
Jan. 29, 2025
Jun. 30, 2024
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2024    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 000-22513    
Entity Registrant Name AMAZON.COM, INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 91-1646860    
Entity Address, Address Line One 410 Terry Avenue North    
Entity Address, City or Town Seattle    
Entity Address, State or Province WA    
Entity Address, Postal Zip Code 98109-5210    
City Area Code 206    
Local Phone Number 266-1000    
Title of 12(b) Security Common Stock, par value $.01 per share    
Trading Symbol AMZN    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
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    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 1,815,014,489,485
Entity Common Stock, Shares Outstanding   10,597,729,352  
Documents Incorporated by Reference
The information required by Part III of this Report, to the extent not set forth herein, is incorporated herein by reference from the registrant’s definitive proxy statement relating to the Annual Meeting of Shareholders to be held in 2025, which definitive proxy statement shall be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this Report relates.
    
Amendment Flag false    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Entity Central Index Key 0001018724    
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Audit Information
 12 Months Ended
Dec. 31, 2024
Audit Information [Abstract]  
Auditor Name Ernst & Young LLP
Auditor Firm ID 42
Auditor Location Seattle, Washington
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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Cash Flows [Abstract]      
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD $ 73,890 $ 54,253 $ 36,477
OPERATING ACTIVITIES:      
Net income (loss) 59,248 30,425 (2,722)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other 52,795 48,663 41,921
Stock-based compensation 22,011 24,023 19,621
Non-operating expense (income), net 2,012 (748) 16,966
Deferred income taxes (4,648) (5,876) (8,148)
Changes in operating assets and liabilities:      
Inventories (1,884) 1,449 (2,592)
Accounts receivable, net and other (3,249) (8,348) (8,622)
Other assets (14,483) (12,265) (13,275)
Accounts payable 2,972 5,473 2,945
Accrued expenses and other (2,904) (2,428) (1,558)
Unearned revenue 4,007 4,578 2,216
Net cash provided by (used in) operating activities 115,877 84,946 46,752
INVESTING ACTIVITIES:      
Purchases of property and equipment (82,999) (52,729) (63,645)
Proceeds from property and equipment sales and incentives 5,341 4,596 5,324
Acquisitions, net of cash acquired, non-marketable investments, and other (7,082) (5,839) (8,316)
Sales and maturities of marketable securities 16,403 5,627 31,601
Purchases of marketable securities (26,005) (1,488) (2,565)
Net cash provided by (used in) investing activities (94,342) (49,833) (37,601)
FINANCING ACTIVITIES:      
Common stock repurchased 0 0 (6,000)
Proceeds from short-term debt, and other 5,142 18,129 41,553
Repayments of short-term debt, and other (5,060) (25,677) (37,554)
Proceeds from long-term debt 0 0 21,166
Repayments of long-term debt (9,182) (3,676) (1,258)
Principal repayments of finance leases (2,043) (4,384) (7,941)
Principal repayments of financing obligations (669) (271) (248)
Net cash provided by (used in) financing activities (11,812) (15,879) 9,718
Foreign currency effect on cash, cash equivalents, and restricted cash (1,301) 403 (1,093)
Net increase (decrease) in cash, cash equivalents, and restricted cash 8,422 19,637 17,776
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $ 82,312 $ 73,890 $ 54,253
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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Total net sales $ 637,959 $ 574,785 $ 513,983
Operating expenses:      
Cost of sales 326,288 304,739 288,831
Fulfillment 98,505 90,619 84,299
Technology and infrastructure 88,544 85,622 73,213
Sales and marketing 43,907 44,370 42,238
General and administrative 11,359 11,816 11,891
Other operating expense (income), net 763 767 1,263
Total operating expenses 569,366 537,933 501,735
Operating income 68,593 36,852 12,248
Interest income 4,677 2,949 989
Interest expense (2,406) (3,182) (2,367)
Other income (expense), net (2,250) 938 (16,806)
Total non-operating income (expense) 21 705 (18,184)
Income (loss) before income taxes 68,614 37,557 (5,936)
Benefit (provision) for income taxes (9,265) (7,120) 3,217
Equity-method investment activity, net of tax (101) (12) (3)
Net income (loss) $ 59,248 $ 30,425 $ (2,722)
Basic earnings per share (in dollars per share) $ 5.66 $ 2.95 $ (0.27)
Diluted earnings per share (in dollars per share) $ 5.53 $ 2.90 $ (0.27)
Weighted-average shares used in computation of earnings per share:      
Basic (in shares) 10,473 10,304 10,189
Diluted (in shares) 10,721 10,492 10,189
Net product sales      
Total net sales $ 272,311 $ 255,887 $ 242,901
Net service sales      
Total net sales $ 365,648 $ 318,898 $ 271,082
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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
Net income (loss) $ 59,248 $ 30,425 $ (2,722)
Other comprehensive income (loss):      
Foreign currency translation adjustments, net of tax of $100, $(55), and $226 (3,333) 1,027 (2,586)
Available-for-sale debt securities:      
Change in net unrealized gains (losses), net of tax of $159, $(110), and $(2,086) 6,339 366 (823)
Less: reclassification adjustment for losses (gains) included in “Other income (expense), net,” net of tax of $0, $(15), and $(2) 5 50 298
Net change 6,344 416 (525)
Other, net of tax of $0, $(1), and $1 (5) 4 0
Other comprehensive income (loss) 3,006 1,447 (3,111)
Comprehensive income (loss) $ 62,254 $ 31,872 $ (5,833)
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Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
Foreign currency translation adjustments, tax $ 226 $ (55) $ 100
Unrealized gains (losses), tax (2,086) (110) 159
Reclassification adjustment for losses (gains) included in “Other income (expense), net,” tax (2) (15) 0
Other, tax $ 1 $ (1) $ 0
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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 78,779 $ 73,387
Marketable securities 22,423 13,393
Inventories 34,214 33,318
Accounts receivable, net and other 55,451 52,253
Total current assets 190,867 172,351
Property and equipment, net 252,665 204,177
Operating leases 76,141 72,513
Goodwill 23,074 22,789
Other assets 82,147 56,024
Total assets 624,894 527,854
Current liabilities:    
Accounts payable 94,363 84,981
Accrued expenses and other 66,965 64,709
Unearned revenue 18,103 15,227
Total current liabilities 179,431 164,917
Long-term lease liabilities 78,277 77,297
Long-term debt 52,623 58,314
Other long-term liabilities 28,593 25,451
Commitments and contingencies (Note 7)
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; 10,898 and 11,108 shares issued; 10,383 and 10,593 shares outstanding) 111 109
Treasury stock, at cost (7,837) (7,837)
Additional paid-in capital 120,864 99,025
Accumulated other comprehensive income (loss) (34) (3,040)
Retained earnings 172,866 113,618
Total stockholders’ equity 285,970 201,875
Total liabilities and stockholders’ equity $ 624,894 $ 527,854
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Consolidated Balance Sheets (Parenthetical) - $ / shares
Dec. 31, 2024
Dec. 31, 2023
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) 11,108,000,000 10,898,000,000
Common stock, outstanding (in shares) 10,593,000,000 10,383,000,000
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Consolidated Statements of Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Beginning Balance (in shares) at Dec. 31, 2021   10,175        
Beginning Balance at Dec. 31, 2021 $ 138,245 $ 106 $ (1,837) $ 55,437 $ (1,376) $ 85,915
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (2,722)         (2,722)
Other comprehensive income (loss) (3,111)       (3,111)  
Stock-based compensation and issuance of employee benefit plan stock (in shares)   113        
Stock-based compensation and issuance of employee benefit plan stock 19,631 $ 2   19,629    
Common stock repurchased (in shares)   (46)        
Common stock repurchased (6,000)   (6,000)      
Ending Balance (in shares) at Dec. 31, 2022   10,242        
Ending Balance at Dec. 31, 2022 146,043 $ 108 (7,837) 75,066 (4,487) 83,193
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 30,425         30,425
Other comprehensive income (loss) 1,447       1,447  
Stock-based compensation and issuance of employee benefit plan stock (in shares)   141        
Stock-based compensation and issuance of employee benefit plan stock $ 23,960 $ 1   23,959    
Ending Balance (in shares) at Dec. 31, 2023 10,383 10,383        
Ending Balance at Dec. 31, 2023 $ 201,875 $ 109 (7,837) 99,025 (3,040) 113,618
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 59,248         59,248
Other comprehensive income (loss) 3,006       3,006  
Stock-based compensation and issuance of employee benefit plan stock (in shares)   210        
Stock-based compensation and issuance of employee benefit plan stock $ 21,841 $ 2   21,839    
Ending Balance (in shares) at Dec. 31, 2024 10,593 10,593        
Ending Balance at Dec. 31, 2024 $ 285,970 $ 111 $ (7,837) $ 120,864 $ (34) $ 172,866
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Description of Business, Accounting Policies, and Supplemental Disclosures
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Description of Business, Accounting Policies, and Supplemental Disclosures DESCRIPTION OF BUSINESS, ACCOUNTING POLICIES, AND SUPPLEMENTAL DISCLOSURES
Description of Business
We seek to be Earth’s most customer-centric company. In each of our segments, we serve our primary customer sets, consisting of consumers, sellers, developers, enterprises, content creators, advertisers, and employees. We serve consumers through our online and physical stores and focus on selection, price, and convenience. We offer programs that enable sellers to grow their businesses, sell their products in our stores, and fulfill orders using our services, and programs that allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. We serve developers and enterprises of all sizes through AWS, which offers a broad set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services. We also manufacture and sell electronic devices. In addition, we provide advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
We have organized our operations into three segments: North America, International, and AWS. See “Note 10 — Segment Information.”
Common Stock Split
On May 27, 2022, we effected a 20-for-1 stock split of our common stock and proportionately increased the number of authorized shares of common stock. All share, restricted stock unit (“RSU”), and per share or per RSU information throughout this Annual Report on Form 10-K has been retroactively adjusted to reflect the stock split. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from “Additional paid-in capital” to “Common stock.”
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 and of which we are the primary beneficiary, including certain entities in India and certain entities that support our healthcare services. 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, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, valuation and impairment of investments, self-insurance liabilities, 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.
In Q4 2024, we completed a useful life study for certain types of heavy equipment and are increasing the useful life from ten years to thirteen years for such equipment effective January 1, 2025. Based on heavy equipment included in “Property and equipment, net” as of December 31, 2024, we estimate an increase in 2025 operating income of approximately $0.9 billion, which will be recorded primarily in “Fulfillment” and impact our North America and International segments.
We completed our most recent servers and networking equipment useful life study in Q4 2024, and are changing the useful lives of a subset of our servers and networking equipment, effective January 1, 2025, from six years to five years. For those assets included in “Property and equipment, net” as of December 31, 2024, whose useful life will change from six years to five years, we anticipate a decrease in 2025 operating income of approximately $0.7 billion. We expect to continue to acquire more of these server and networking assets in 2025. In 2024, we also determined, primarily in the fourth quarter, to retire early certain of our servers and networking equipment. We recorded approximately $920 million of accelerated depreciation and related charges for the quarter ended December 31, 2024 related to these decisions. The accelerated depreciation will continue into 2025 and decrease operating income by approximately $0.6 billion in 2025. These two changes above are due to an increased pace of technology development, particularly in the area of artificial intelligence and machine learning.
We had previously increased the useful life of our servers from five years to six years effective January 1, 2024. The effect of this change for the year ended December 31, 2024, based on servers that were included in “Property and equipment,
net” as of December 31, 2023 and those acquired during the year ended December 31, 2024, was a reduction in depreciation and amortization expense of $3.2 billion and a benefit to net income of $2.5 billion, or $0.23 per basic share and $0.23 per diluted share.
These server and networking equipment useful life changes primarily impact our AWS segment.
For the year ended December 31, 2022, we recorded approximately $1.1 billion, of which $720 million was recorded in the fourth quarter, of impairments of property and equipment and operating leases primarily related to physical stores. These charges were recorded in “Other operating expense (income), net” and primarily impacted our North America segment. For the year ended December 31, 2022, we also recorded expenses of approximately $480 million, primarily in “Fulfillment,” primarily relating to terminating contracts for certain leases not yet commenced as well as other purchase commitments, which primarily impacted our North America segment.
For the year ended December 31, 2022, we recorded approximately $720 million, of which $640 million was recorded in the fourth quarter, of estimated severance costs primarily related to planned role eliminations. These charges were recorded primarily in “Technology and infrastructure,” “Fulfillment,” and “General and administrative” and primarily impacted our North America segment.
Charges for impairment, expenses for terminating contracts and other commitments, and severance costs were not material to our consolidated results of operations for the years ended December 31, 2023 and 2024.
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Year Ended December 31,
202220232024
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$1,561 $2,608 $1,858 
Cash paid for operating leases$8,633 $10,453 $12,341 
Cash paid for interest on finance leases$374 $308 $287 
Cash paid for interest on financing obligations$207 $196 $219 
Cash paid for income taxes, net of refunds$6,035 $11,179 $12,308 
Assets acquired under operating leases$18,800 $14,052 $15,424 
Property and equipment acquired under finance leases, net of remeasurements and modifications$675 $642 $854 
Property and equipment recognized during the construction period of build-to-suit lease arrangements$3,187 $357 $97 
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating$5,158 $1,374 $— 
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):
  
Year Ended December 31,
 202220232024
Shares used in computation of basic earnings per share10,189 10,304 10,473 
Total dilutive effect of outstanding stock awards— 188 248 
Shares used in computation of diluted earnings per share10,189 10,492 10,721 
Revenue
Revenue is measured based on the amount of consideration that we expect to receive, reduced by estimates for return allowances, promotional discounts, and rebates. Revenue also excludes any amounts collected on behalf of third parties, including sales and indirect taxes. In arrangements where we have multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price. We generally determine stand-alone selling prices based on the prices charged to customers or using expected cost plus a margin.
A description of our principal revenue generating activities is as follows:
Retail sales - We offer consumer products through our online and physical stores. Revenue is recognized when control of the goods is transferred to the customer, which generally occurs upon our delivery to a third-party carrier or, in the case of an Amazon delivery, to the customer.
Third-party seller services - We offer programs that enable sellers to sell their products in our stores, and fulfill orders using our services. We are not the seller of record in these transactions. The commissions and any related fulfillment and shipping fees we earn from these arrangements are recognized when the services are rendered, which generally occurs upon delivery of the related products to a third-party carrier or, in the case of an Amazon delivery, to the customer.
Advertising services - We provide advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising. Revenue is recognized as ads are delivered based on the number of clicks or impressions.
Subscription services - Our subscription sales include fees associated with Amazon Prime memberships and access to content including digital video, audiobooks, digital music, e-books, and other non-AWS subscription services. Prime memberships provide our customers with access to an evolving suite of benefits that represent a single stand-ready obligation. Subscriptions are paid for at the time of or in advance of delivering the services. Revenue from such arrangements is recognized over the subscription period.
AWS - Our AWS arrangements include global sales of compute, storage, database, and other services. Revenue is allocated to services using stand-alone selling prices and is primarily recognized when the customer uses these services, based on the quantity of services rendered, such as compute or storage capacity delivered on-demand. Certain services, including compute and database, are also offered as a fixed quantity over a specified term, for which revenue is recognized ratably. Sales commissions we pay in connection with contracts that exceed one year are capitalized and amortized over the contract term.
Other - Other revenue includes sales related to various other offerings, such as healthcare services, certain licensing and distribution of video content, and shipping services, and our co-branded credit card agreements. Revenue is recognized when content is licensed or distributed and as or when services are performed.
Return Allowances
Return allowances, which reduce revenue and cost of sales, are estimated using historical experience. Liabilities for return allowances are included in “Accrued expenses and other” and were $1.3 billion, $1.4 billion, and $1.4 billion as of December 31, 2022, 2023, and 2024. Additions to the allowance were $5.5 billion, $5.2 billion, and $5.5 billion and deductions from the allowance were $5.2 billion, $5.1 billion, and $5.5 billion in 2022, 2023, and 2024. Included in “Inventories” on our consolidated balance sheets are assets totaling $948 million, $992 million, and $998 million as of December 31, 2022, 2023, and 2024, for the rights to recover products from customers associated with our liabilities for return allowances.
Cost of Sales
Cost of sales primarily consists of the purchase price of consumer products, inbound and outbound shipping costs, including costs related to sortation and delivery centers and where we are the transportation service provider, and digital media content costs where we record revenue gross, including video and music. Shipping costs to receive products from our suppliers are included in our inventory, and recognized as cost of sales upon sale of products to our customers. Payment processing and related transaction costs, including those associated with seller transactions, are classified in “Fulfillment” on our consolidated statements of operations.
Vendor Agreements
We have agreements with our vendors to receive consideration primarily for cooperative marketing efforts, promotions, incentives, and volume rebates. We generally consider these amounts received from vendors to be a reduction of the prices we pay for their goods, including property and equipment, or services, and are recorded as a reduction of the cost of inventory, cost of services, or cost of property and equipment. Volume rebates typically depend on reaching minimum purchase thresholds. We evaluate the likelihood of reaching purchase thresholds using past experience and current year forecasts. When volume rebates can be reasonably estimated, we record a portion of the rebate as we make progress towards the purchase threshold.
Fulfillment
Fulfillment costs primarily consist of those costs incurred in operating and staffing our North America and International segments’ fulfillment centers, physical stores, and customer service centers, including facilities and equipment expenses, such as depreciation and amortization, and rent; costs attributable to buying, receiving, inspecting, and warehousing inventories; picking, packaging, and preparing customer orders for shipment; payment processing and related transaction costs, including costs associated with our guarantee for certain seller transactions; responding to inquiries from customers; and supply chain management for our manufactured electronic devices. Fulfillment costs also include amounts paid to third parties that assist us in fulfillment and customer service operations.
Technology and Infrastructure
Technology and infrastructure costs include payroll and related expenses for employees involved in the research and development of new and existing products and services, development, design, and maintenance of our stores, curation and display of products and services made available in our online stores, and infrastructure costs. Infrastructure costs include servers, networking equipment, and data center related depreciation and amortization, rent, utilities, and other expenses necessary to support AWS and other Amazon businesses. Collectively, these costs reflect the investments we make in order to offer a wide variety of products and services to our customers, including expenditures related to initiatives to build and deploy innovative and efficient software and electronic devices and the development of a satellite network for global broadband service and autonomous vehicles for ride-hailing services. Technology and infrastructure costs are generally expensed as incurred.
Sales and Marketing
Sales and marketing costs include advertising and payroll and related expenses for personnel engaged in marketing and selling activities, including sales commissions related to AWS. We pay commissions to third parties when their customer referrals result in sales. We also participate in cooperative advertising arrangements with certain of our vendors, and other third parties.
Advertising and other promotional costs to market our products and services are expensed as incurred and were $20.6 billion, $20.3 billion, and $21.4 billion in 2022, 2023, and 2024.
General and Administrative
General and administrative expenses primarily consist of costs for corporate functions, including payroll and related expenses; facilities and equipment expenses, such as depreciation and amortization expense and rent; and professional fees.
Stock-Based Compensation
Compensation cost for all equity-classified stock awards expected to vest is measured at fair value on the date of grant and recognized over the service period. The fair value of restricted stock units is determined based on the number of shares granted and the quoted price of our common stock. Such value is recognized as expense over the service period, net of estimated forfeitures, using the accelerated method. Under this method, approximately 50% of the grant date fair value is recognized as expense in the first year of grant for the majority of our stock-based compensation awards. The accelerated method also adds a higher level of sensitivity and complexity in estimating forfeitures. If an award is forfeited early in its life, the adjustment to compensation expense is much greater under an accelerated method than under a straight-line method. The estimated number of stock awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including historical forfeiture experience. Additionally, we have stock-based compensation awards that are expected to settle in cash. These liability-classified awards are remeasured to fair value at the end of each reporting period until settlement or expiration.
Other Operating Expense (Income), Net
Other operating expense (income), net, consists primarily of the amortization of intangible assets and asset impairments.
Other Income (Expense), Net
Other income (expense), net, is as follows (in millions):
Year Ended December 31,
202220232024
Marketable equity securities valuation gains (losses)$(13,870)$984 $(1,278)
Equity warrant valuation gains (losses)(2,132)26 (192)
Upward adjustments relating to equity investments in private companies76 40 49 
Foreign currency gains (losses)(340)65 (408)
Other, net(540)(177)(421)
Total other income (expense), net$(16,806)$938 $(2,250)
Included in other income (expense), net in 2022, 2023, and 2024 is a marketable equity securities valuation gain (loss) of $(12.7) billion, $797 million, and $(1.6) billion from our equity investment in Rivian Automotive, Inc. (“Rivian”). Our investment in Rivian’s preferred stock was accounted for at cost, with adjustments for observable changes in prices or impairments, prior to Rivian’s initial public offering in November 2021, which resulted in the conversion of our preferred stock to Class A common stock. As of December 31, 2024, we held 158 million shares of Rivian’s Class A common stock, representing an approximate 14% ownership interest, and an approximate 13% voting interest. We determined that we have the ability to exercise significant influence over Rivian through our equity investment, our commercial arrangement for the purchase of electric vehicles and jointly-owned intellectual property, and one of our employees serving on Rivian’s board of directors. We elected the fair value option to account for our equity investment in Rivian, which is included in “Marketable securities” on our consolidated balance sheets, and had a fair value of $3.7 billion and $2.1 billion as of December 31, 2023 and December 31, 2024. The investment was subject to regulatory sales restrictions resulting in a discount for lack of marketability of approximately $800 million as of December 31, 2021, which expired in Q1 2022.
Income Taxes
Income tax expense includes U.S. (federal and state) and foreign income taxes. Certain foreign subsidiary earnings and losses are subject to current U.S. taxation and the subsequent repatriation of those earnings is not subject to tax in the U.S. We intend to invest substantially all of our foreign subsidiary earnings, as well as our capital in our foreign subsidiaries, indefinitely outside of the U.S. in those jurisdictions in which we would incur significant, additional costs upon repatriation of such amounts.
Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases, as well as net operating loss and tax credit carryforwards, and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered.
Deferred tax assets represent amounts available to reduce income taxes payable in future periods. Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the extent we believe they will not be realized. We consider many factors when assessing the likelihood of future realization of our deferred tax assets, including recent cumulative loss experience and expectations of future earnings, capital gains and investment in such jurisdiction, the carry-forward periods available to us for tax reporting purposes, and other relevant factors.
We utilize a two-step approach to recognizing and measuring uncertain income tax positions (income tax contingencies). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount which is more than 50% likely of being realized upon ultimate settlement. We consider many factors when evaluating our tax positions and estimating our tax benefits, which may require periodic adjustments and which may not accurately forecast actual outcomes. We include interest and penalties related to our income tax contingencies in income tax expense.
Fair Value of Financial Instruments
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value:
Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.
Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.
We measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or liabilities. Other marketable securities were valued either based on recent trades of securities in inactive markets or based on quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data.
Cash and Cash Equivalents
We classify all highly liquid instruments with an original maturity of three months or less as cash equivalents.
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 $3.0 billion as of December 31, 2023 and 2024.
We provide Fulfillment by Amazon services in connection with certain of our sellers’ programs. Third-party sellers maintain ownership of their inventory, regardless of whether fulfillment is provided by us or the third-party sellers, and therefore these products are not included in our inventories.
We also purchase electronic device components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate supply, we enter into agreements with contract manufacturers and suppliers for certain electronic device components. We have certain non-cancellable purchase commitments arising from these agreements. These commitments are based on forecasted customer demand. If we reduce these commitments, we may incur additional costs.
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, 2023 and 2024, customer receivables, net, were $34.1 billion and $34.3 billion, vendor receivables, net, were $8.5 billion and $11.6 billion, and other receivables, net, were $4.3 billion and $3.4 billion. Prepaid expenses and other current assets, which include amounts related to non-income taxes and satellite network launch services deposits, were $5.4 billion and $6.3 billion as of December 31, 2023 and December 31, 2024. 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. Receivables are considered impaired and written-off when it is probable that all contractual payments due will not be collected in accordance with the terms of the agreement. The allowance for doubtful accounts was $1.4 billion, $1.7 billion, and $2.0 billion as of December 31, 2022, 2023, and 2024. Additions to the allowance were $1.6 billion, $1.9 billion, and $1.9 billion, and deductions to the allowance were $1.3 billion, $1.6 billion, and $1.6 billion in 2022, 2023, and 2024.
Software Development Costs
We incur software development costs related to products to be sold, leased, or marketed to external users, internal-use software, and our websites. Software development costs capitalized were not significant for the years presented. All other costs, including those related to design or maintenance, are expensed as incurred.
Property and Equipment, Net
Property and equipment are stated at cost less accumulated depreciation and amortization. Incentives that we receive from property and equipment vendors are recorded as a reduction to our costs. Property includes buildings and land that we own, along with property we have acquired under build-to-suit lease arrangements when we have control over the building during the construction period and finance lease arrangements. Equipment includes assets such as servers and networking equipment, heavy equipment, and other fulfillment equipment. Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets (generally the lesser of 40 years or the remaining life of the underlying building, five years
prior to January 1, 2024 and six years subsequent to January 1, 2024 for our servers, six years for our networking equipment, ten years for heavy equipment, and three to ten years for other fulfillment equipment). Depreciation and amortization expense is classified within the corresponding operating expense categories on our consolidated statements of operations.
Leases
We categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that allow us to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in “Property and equipment, net.” All other leases are categorized as operating leases. Our leases generally have terms that range from one to ten years for equipment and one to twenty years for property.
Certain lease contracts include obligations to pay for other services, such as operations and maintenance. For leases of property, we account for these other services as a component of the lease. For substantially all other leases, the services are accounted for separately and we allocate payments to the lease and other services components based on estimated stand-alone prices.
Lease liabilities are recognized at the present value of the fixed lease payments, reduced by landlord incentives using a discount rate based on similarly secured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the leases or lease prepayments reclassified from “Other assets” upon lease commencement. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the lease term.
When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is reasonably certain that we will exercise the option, we consider the option in determining the classification and measurement of the lease. Our leases may include variable payments based on measures that include changes in price indices, market interest rates, or the level of sales at a physical store, which are expensed as incurred.
Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease. Finance lease assets are amortized within operating expenses on a straight-line basis over the shorter of the estimated useful lives of the assets or, in the instance where title does not transfer at the end of the lease term, the lease term. The interest component of a finance lease is included in interest expense and recognized using the effective interest method over the lease term.
We establish assets and liabilities for the present value of estimated future costs to retire long-lived assets at the termination or expiration of a lease. Such assets are amortized over the lease period into operating expense, and the recorded liabilities are accreted to the future value of the estimated retirement costs.
Financing Obligations
We record assets and liabilities for estimated construction costs under build-to-suit lease arrangements when we have control over the building during the construction period. If we continue to control the building after the construction period, the arrangement is classified as a financing obligation instead of a lease. The building is depreciated over the shorter of its useful life or the term of the obligation.
If we do not control the building after the construction period ends, the assets and liabilities for construction costs are derecognized, and we classify the lease as operating.
Goodwill and Indefinite-Lived Intangible Assets
We evaluate goodwill and indefinite-lived intangible assets for impairment annually or more frequently when an event occurs or circumstances change that indicate the carrying value may not be recoverable. We may elect to utilize a qualitative assessment to evaluate whether it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset is less than its carrying value and if so, we perform a quantitative test. We compare the carrying value of each reporting unit and indefinite-lived intangible asset to its estimated fair value and if the fair value is determined to be less than the carrying value, we recognize an impairment loss for the difference. We estimate the fair value of the reporting units using discounted cash flows. Forecasts of future cash flows are based on our best estimate of future net sales and operating expenses, based primarily on expected category expansion, pricing, market segment share, and general economic conditions.
We completed the required annual impairment test of goodwill for all reporting units and indefinite-lived intangible assets as of April 1, 2024, resulting in no impairments. The fair value of our reporting units substantially exceeded their carrying value. There were no events that caused us to update our annual impairment test. See “Note 5 — Acquisitions, Goodwill, and Acquired Intangible Assets.”
Other Assets
Included in “Other assets” on our consolidated balance sheets are amounts primarily related to video and music content, net of accumulated amortization; long-term deferred tax assets; acquired intangible assets, net of accumulated amortization; convertible notes and certain equity investments; satellite network launch services deposits; and affordable housing loans. We recognize certain transactions with governments when there is reasonable assurance that incentives included in the agreements, such as cash or certain tax credits, will be received and we are able to comply with any related conditions. These incentives are recorded as reductions to the cost of related assets or expenses.
Digital Video and Music Content
We obtain video content, inclusive of episodic television and movies, and music content for customers through licensing agreements that have a wide range of licensing provisions including both fixed and variable payment schedules. When the license fee for a specific video or music title is determinable or reasonably estimable and the content is available to us, we recognize an asset and a corresponding liability for the amounts owed. We reduce the liability as payments are made and we amortize the asset to “Cost of sales” on an accelerated basis, based on estimated usage or viewing patterns, or on a straight-line basis. If the licensing fee is not determinable or reasonably estimable, no asset or liability is recorded and licensing costs are expensed as incurred. We also develop original video content for which the production costs are capitalized and amortized to “Cost of sales” predominantly on an accelerated basis that follows the estimated viewing patterns associated with the content. The weighted average remaining life of our capitalized video content is 3.1 years. We review usage and viewing patterns impacting the amortization of capitalized video content on an ongoing basis and reflect any changes prospectively.
Our produced and licensed video content is primarily monetized together as a unit, referred to as a film group, in each major geography where we offer Amazon Prime memberships. These film groups are evaluated for impairment whenever an event occurs or circumstances change indicating the fair value is less than the carrying value. The total capitalized costs of video, which is primarily released content, and music as of December 31, 2023 and 2024 were $17.4 billion and $19.6 billion. Total video and music expense was $18.9 billion and $20.4 billion for the year ended December 31, 2023 and 2024. Total video and music expense includes licensing and production costs associated with content offered within Amazon Prime memberships, and costs associated with digital subscriptions and sold or rented content.
Cash Equivalents and Marketable Securities
We generally invest our excess cash in investment grade short- to intermediate-term marketable debt securities and AAA-rated money market funds. Such investments are included in “Cash and cash equivalents” or “Marketable securities” on the accompanying consolidated balance sheets.
Marketable debt securities are classified as available-for-sale and reported at fair value with unrealized gains and losses included in “Accumulated other comprehensive income (loss).” Each reporting period, we evaluate whether declines in fair value below carrying value are due to expected credit losses, as well as our ability and intent to hold the investment until a forecasted recovery occurs. Expected credit losses are recorded as an allowance through “Other income (expense), net” on our consolidated statements of operations.
Equity investments that have readily determinable fair values, including investments for which we have elected the fair value option, are included in “Marketable securities” on our consolidated balance sheets and measured at fair value with changes recognized in “Other income (expense), net” on our consolidated statements of operations.
Non-Marketable Investments
Notes that are convertible to equity classified as available-for-sale are reported at fair value with unrealized gains and losses included in “Accumulated other comprehensive income (loss).” Credit losses, if any, are recorded as an allowance through “Other income (expense), net” on our consolidated statements of operations. Upon conversion, the amount of the notes reported at fair value are reclassified generally from available-for-sale to equity investments accounted for at cost, with any associated unrealized gain or loss reclassified from “Accumulated other comprehensive income (loss)” to “Other income (expense), net” on our consolidated statements of operations.
In Q3 2023, we invested in a $1.25 billion note from Anthropic, PBC, which is convertible to equity. In Q1 2024, we invested $2.75 billion in a second convertible note. In Q4 2024, we entered into an agreement and invested $1.3 billion in a third convertible note, and will invest an additional $2.7 billion by Q4 2025. The notes are classified as available-for-sale and are classified as Level 3 assets, and as of December 31, 2024 had an estimated fair value of approximately $13.8 billion. 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. Subsequent to December 31, 2024, a portion of the notes were converted to nonvoting preferred stock. As a result of this conversion, a significant portion of the unrealized gain associated with the notes as of December 31, 2024 was reclassified and
a gain will be recorded in “Other income (expense), net” in our Q1 2025 consolidated statement of operations. We also have a commercial arrangement primarily for the provision of AWS cloud services, which includes the use of AWS chips.
Equity investments in private companies for which we do not have the ability to exercise significant influence are accounted for at cost, with adjustments for observable changes in prices or impairments recognized in “Other income (expense), net” on our consolidated statements of operations. Each reporting period, we perform a qualitative assessment to evaluate whether the investment is impaired. Our assessment includes a review of recent operating results and trends, recent sales/acquisitions of the investee securities, and other publicly available data. If the investment is impaired, we write it down to its estimated fair value. As of December 31, 2023 and 2024, these investments had a carrying value of $754 million and $989 million.
Equity investments where we can exercise significant influence, but not control, over an investee are accounted for using the equity method of accounting, or at fair value if we elect the fair value option. Our share of the earnings or losses as reported by equity-method investees, amortization of basis differences, related gains or losses, and impairments, if any, are recognized in “Equity-method investment activity, net of tax” on our consolidated statements of operations. Each reporting period, we evaluate whether declines in fair value below carrying value are other-than-temporary and if so, we write down the investment to its estimated fair value. As of December 31, 2023 and 2024, these investments had a carrying value of $614 million and $1.2 billion.
As of December 31, 2023 and 2024, equity warrants measured at fair value were $2.2 billion and $2.7 billion, with changes 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 represent a variable interest in an entity. We do not consolidate the entities in which we hold these investments because we are not the primary beneficiary.
Long-Lived Assets
Long-lived assets, other than goodwill and indefinite-lived intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset, a significant change in the extent or manner in which an asset is used, or any other significant adverse change that would indicate that the carrying amount of an asset or group of assets may not be recoverable.
For long-lived assets used in operations, including lease assets, impairment losses are only recorded if the asset’s carrying amount is not recoverable through its undiscounted, probability-weighted future cash flows. We measure the impairment loss based on the difference between the carrying amount and estimated fair value. Long-lived assets are considered held for sale when certain criteria are met, including when management has committed to a plan to sell the asset, the asset is available for sale in its immediate condition, and the sale is probable within one year of the reporting date. Assets held for sale are reported at the lower of cost or fair value less costs to sell. Assets held for sale were not significant as of December 31, 2023 and 2024.
Accrued Expenses and Other
Included in “Accrued expenses and other” on our consolidated balance sheets are liabilities primarily related to tax-related liabilities, leases and asset retirement obligations, self-insurance liabilities, payroll and related expenses, current debt, unredeemed gift cards, customer liabilities, marketing liabilities, acquired digital media content, and other operating expenses.
As of December 31, 2023 and 2024, our liabilities for payroll related expenses were $7.7 billion and $7.5 billion and our liabilities for unredeemed gift cards were $5.3 billion and $5.4 billion. We reduce the liability for a gift card when redeemed by a customer. The portion of gift cards that we do not expect to be redeemed is recognized based on customer usage patterns.
Self-Insurance Liabilities
Although we maintain certain high-deductible, third-party insurance coverage for catastrophic losses, we effectively self-insure for exposure primarily related to workers’ compensation, employee healthcare benefits, general and product liability, and automobile liability, including liability resulting from third-party transportation service providers. We estimate self-insurance liabilities by considering historical claims experience, frequency and costs of claims, projected claims development, inflation, and other actuarial assumptions. Changes in the number or costs of claims, healthcare costs, judgment and settlement amounts, associated legal expenses, and other factors could cause actual results to differ materially from these estimates. In the fourth quarter of 2022, we increased our reserves for general, product, and automobile liabilities by $1.3 billion primarily driven by changes in our estimates about the costs of asserted and unasserted claims, which was primarily recorded in “Cost of sales” on our consolidated statements of operations and impacted our North America segment. Increases to our reserves driven by
changes in estimates were not material to our consolidated results of operations for the years ended December 31, 2023 and 2024. As of December 31, 2023 and 2024, our total self-insurance liabilities were $6.3 billion and $8.5 billion and are included in “Accrued expenses and other” on our consolidated balance sheets.
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, 2023 was $20.9 billion, of which $14.2 billion was recognized as revenue during the year ended December 31, 2024 and our total unearned revenue as of December 31, 2024 was $24.6 billion. Included in “Other long-term liabilities” on our consolidated balance sheets was $5.7 billion and $6.5 billion of unearned revenue as of December 31, 2023 and 2024.
Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that 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 $177 billion as of December 31, 2024. The weighted average remaining life of our long-term contracts is 4.1 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term.
Other Long-Term Liabilities
Included in “Other long-term liabilities” on our consolidated balance sheets are liabilities primarily related to financing obligations, unearned revenue, asset retirement obligations, tax contingencies, deferred tax liabilities, and digital video and music content.
Foreign Currency
We have internationally-focused stores for which the net sales generated, as well as most of the related expenses directly incurred from those operations, are denominated in local functional currencies. The functional currency of our subsidiaries that either operate or support these stores is generally the same as the local currency. Assets and liabilities of these subsidiaries are translated into U.S. Dollars at period-end foreign exchange rates, and revenues and expenses are translated at average rates prevailing throughout the period. Translation adjustments are included in “Accumulated other comprehensive income (loss),” a separate component of stockholders’ equity. Transaction gains and losses including intercompany transactions denominated in a currency other than the functional currency of the entity involved are included in “Other income (expense), net” on our consolidated statements of operations. In connection with the settlement and remeasurement of intercompany balances, we recorded gains (losses) of $386 million, $(329) million, and $413 million in 2022, 2023, and 2024.
Accounting Pronouncements Not Yet Adopted
In December 2023, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) amending existing income tax disclosure guidance, primarily requiring more detailed disclosure for income taxes paid and the effective tax rate reconciliation. The ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. We expect to adopt the ASU on a retroactive basis.
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.
v3.25.0.1
Financial Instruments
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Financial Instruments FINANCIAL INSTRUMENTS
Cash, Cash Equivalents, Restricted Cash, and Marketable Securities
As of December 31, 2023 and 2024, our cash, cash equivalents, restricted cash, and marketable securities primarily consisted of cash, AAA-rated money market funds, U.S. and foreign government and agency securities, other investment grade securities, and marketable equity securities. Cash equivalents and marketable securities are recorded at fair value. The following table summarizes, by major security 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, 2023
  
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash$11,706 $— $— $11,706 
Level 1 securities:
Money market funds39,160 — — 39,160 
Equity securities (1)4,658 
Level 2 securities:
Foreign government and agency securities505 — — 505 
U.S. government and agency securities1,789 1 (91)1,699 
Corporate debt securities27,996 — (191)27,805 
Asset-backed securities1,707 — (61)1,646 
Other debt securities108 — (4)104 
$82,971 $1 $(347)$87,283 
Less: Restricted cash, cash equivalents, and marketable securities (2)(503)
Total cash, cash equivalents, and marketable securities$86,780 
 December 31, 2024
  
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash$17,055 $— $— $17,055 
Level 1 securities:
Money market funds28,282 — — 28,282 
Equity securities (1)3,318 
Level 2 securities:
Foreign government and agency securities177 — — 177 
U.S. government and agency securities3,452 1 (52)3,401 
Corporate debt securities50,959 3 (50)50,912 
Asset-backed securities1,539 2 (18)1,523 
Other debt securities68 — (1)67 
$101,532 $6 $(121)$104,735 
Less: Restricted cash, cash equivalents, and marketable securities (2)(3,533)
Total cash, cash equivalents, and marketable securities$101,202 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $(13.6) billion, $1.0 billion, and $(1.3) billion for the years ended December 31, 2022, 2023, and 2024.
(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 7 — Commitments and Contingencies.”
The following table summarizes gross gains and gross losses realized on sales of marketable debt securities (in millions):
Year Ended December 31,
202220232024
Realized gains$43 $2 $3 
Realized losses341 67 10 
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of December 31, 2024 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$78,065 $78,046 
Due after one year through five years5,023 4,969 
Due after five years through ten years560 553 
Due after ten years829 794 
Total$84,477 $84,362 
Actual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions.
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, 2023December 31, 2024
Cash and cash equivalents$73,387 $78,779 
Restricted cash included in accounts receivable, net and other497 247 
Restricted cash included in other assets6 3,286 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$73,890 $82,312 
v3.25.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment PROPERTY AND EQUIPMENT
Property and equipment, at cost, consisted of the following (in millions): 
 December 31,
 20232024
Gross property and equipment (1):
Land and buildings$105,293 $123,039 
Equipment185,039 218,893 
Other assets5,116 5,487 
Construction in progress28,840 46,636 
Gross property and equipment324,288 394,055 
Total accumulated depreciation and amortization (1)120,111 141,390 
Total property and equipment, net$204,177 $252,665 
__________________
(1)Includes the original cost and accumulated depreciation of fully-depreciated assets.
Depreciation and amortization expense on property and equipment was $24.9 billion, $30.2 billion, and $32.1 billion which includes amortization of property and equipment acquired under finance leases of $6.1 billion, $5.9 billion, and $3.9 billion for 2022, 2023, and 2024.
v3.25.0.1
Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases LEASESWe 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 $62.5 billion and $56.5 billion as of December 31, 2023 and 2024. Accumulated amortization associated with finance leases was $44.7 billion and $41.8 billion as of December 31, 2023 and 2024.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
 Year Ended December 31,
202220232024
Operating lease cost$8,847 $10,550 $11,961 
Finance lease cost:
Amortization of lease assets6,097 5,899 3,866 
Interest on lease liabilities361 304 285 
Finance lease cost6,458 6,203 4,151 
Variable lease cost1,852 2,165 2,465 
Total lease cost$17,157 $18,918 $18,577 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2023December 31, 2024
 
Weighted-average remaining lease term – operating leases11.3 years10.6 years
Weighted-average remaining lease term – finance leases11.9 years11.9 years
Weighted-average discount rate – operating leases3.3 %3.5 %
Weighted-average discount rate – finance leases2.7 %3.0 %
Our lease liabilities were as follows (in millions):
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297 
December 31, 2024
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$95,294 $12,520 $107,814 
Less: imputed interest(15,698)(1,918)(17,616)
Present value of lease liabilities79,596 10,602 90,198 
Less: current portion of lease liabilities(10,546)(1,375)(11,921)
Total long-term lease liabilities$69,050 $9,227 $78,277 
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 $62.5 billion and $56.5 billion as of December 31, 2023 and 2024. Accumulated amortization associated with finance leases was $44.7 billion and $41.8 billion as of December 31, 2023 and 2024.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
 Year Ended December 31,
202220232024
Operating lease cost$8,847 $10,550 $11,961 
Finance lease cost:
Amortization of lease assets6,097 5,899 3,866 
Interest on lease liabilities361 304 285 
Finance lease cost6,458 6,203 4,151 
Variable lease cost1,852 2,165 2,465 
Total lease cost$17,157 $18,918 $18,577 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2023December 31, 2024
 
Weighted-average remaining lease term – operating leases11.3 years10.6 years
Weighted-average remaining lease term – finance leases11.9 years11.9 years
Weighted-average discount rate – operating leases3.3 %3.5 %
Weighted-average discount rate – finance leases2.7 %3.0 %
Our lease liabilities were as follows (in millions):
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297 
December 31, 2024
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$95,294 $12,520 $107,814 
Less: imputed interest(15,698)(1,918)(17,616)
Present value of lease liabilities79,596 10,602 90,198 
Less: current portion of lease liabilities(10,546)(1,375)(11,921)
Total long-term lease liabilities$69,050 $9,227 $78,277 
v3.25.0.1
Acquisitions, Goodwill, and Acquired Intangible Assets
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisitions, Goodwill, and Acquired Intangible Assets ACQUISITIONS, GOODWILL, AND ACQUIRED INTANGIBLE ASSETS
2022 Acquisition Activity
On March 17, 2022, we acquired MGM Holdings Inc., for cash consideration of approximately $6.1 billion, net of cash acquired, to provide more digital media content options for customers. We also assumed $2.5 billion of debt, which we repaid immediately after closing. The acquired assets primarily consist of $3.4 billion of video content and $4.9 billion of goodwill.
During 2022, we also completed acquisition activity for aggregate cash consideration of $141 million, net of cash acquired.
2023 Acquisition Activity
On February 22, 2023, we acquired 1Life Healthcare, Inc. (One Medical), for cash consideration of approximately $3.5 billion, net of cash acquired, to provide healthcare options for customers. The acquired assets primarily consist of $1.3 billion of intangible assets and $2.5 billion of goodwill, which is allocated to our North America segment.
During 2023, we also completed acquisition activity for immaterial aggregate cash consideration, net of cash acquired.
2024 Acquisition Activity
During 2024, we completed acquisition activity for aggregate cash consideration of $780 million, net of cash acquired.
The primary reasons for these transactions were to acquire technologies and know-how to enable Amazon to serve customers more effectively or to expand our customer base.
Pro forma results of operations have not been presented because the effects of the 2024 transactions, individually and in the aggregate, were not material to our consolidated results of operations. Transaction-related costs were expensed as incurred and were not significant.
Goodwill
The goodwill resulting from the acquisition activity is primarily related to expected improvements in technology performance and functionality, as well as sales growth from future product and service offerings and new customers, together with certain intangible assets that do not qualify for separate recognition. The goodwill resulting from the acquisition activity is generally not deductible for tax purposes. The following summarizes our goodwill activity in 2023 and 2024 by segment (in millions):
North
America		InternationalAWSConsolidated
Goodwill - January 1, 2023$16,621 $2,411 $1,256 $20,288 
Acquisition activity2,494 — — 2,494 
Other adjustments (1)11 1 (5)7 
Goodwill - December 31, 202319,126 2,412 1,251 22,789 
Acquisition activity191 77 52 320 
Other adjustments (1)(28)(4)(3)(35)
Goodwill - December 31, 2024$19,289 $2,485 $1,300 $23,074 
 ___________________
(1)Primarily includes changes in foreign exchange rates.Intangible Assets
Acquired identifiable intangible assets are valued primarily by using discounted cash flows. These assets are included within “Other assets” on our consolidated balance sheets and consist of the following (in millions):
 
 December 31,
 20232024
  
Acquired
Intangibles,
Gross (1)		Accumulated
Amortization (1)		Acquired
Intangibles,
Net		Acquired
Intangibles,
Gross (1)		Accumulated
Amortization (1)		Acquired
Intangibles,
Net		Weighted
Average Life
Remaining
Finite-lived intangible assets (2):
Marketing-related$2,643 $(738)$1,905 $2,629 $(860)$1,769 16.8
Contract-based4,800 (1,129)3,671 5,767 (1,541)4,226 10.9
Technology- and content-based743 (340)403 1,246 (284)962 3.2
Customer-related749 (188)561 764 (282)482 5.7
Total finite-lived intangible assets$8,935 $(2,395)$6,540 $10,406 $(2,967)$7,439 11.0
IPR&D and other (3)$1,147  $1,147 $1,163  $1,163 
Total acquired intangibles $10,082 $(2,395)$7,687 $11,569 $(2,967)$8,602 
 ___________________
(1)Excludes the original cost and accumulated amortization of fully-amortized intangibles.
(2)Finite-lived intangible assets, excluding acquired video content, have estimated useful lives of between one and twenty-five years, and are being amortized to operating expenses on a straight-line basis.
(3)Intangible assets acquired in a business combination that are in-process and used in research and development activities are considered indefinite-lived until the completion or abandonment of the research and development efforts. Once the research and development efforts are completed, we determine the useful life and begin amortizing the assets.
Amortization expense for acquired finite-lived intangibles was $604 million, $706 million, and $838 million in 2022, 2023, and 2024. Expected future amortization expense of acquired finite-lived intangible assets as of December 31, 2024 is as follows (in millions):
 
Year Ended December 31,
2025$994 
2026918 
2027796 
2028632 
2029615 
Thereafter3,484 
$7,439 
v3.25.0.1
Debt
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Debt DEBT
As of December 31, 2024, we had $58.0 billion of unsecured senior notes outstanding (the “Notes”). Our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2023December 31, 2024
2014 Notes issuance of $6.0 billion
2034 - 2044
4.80% - 4.95%
4.93% - 5.12%
4,000 2,750 
2017 Notes issuance of $17.0 billion
2025 - 2057
3.15% - 5.20%
3.02% - 4.33%
15,000 13,000 
2020 Notes issuance of $10.0 billion
2025 - 2060
0.80% - 2.70%
0.88% - 2.77%
9,000 9,000 
2021 Notes issuance of $18.5 billion
2026 - 2061
1.00% - 3.25%
1.14% - 3.31%
17,500 15,000 
April 2022 Notes issuance of $12.8 billion
2025 - 2062
3.00% - 4.10%
3.13% - 4.15%
12,750 11,250 
December 2022 Notes issuance of $8.3 billion
2025 - 2032
4.55% - 4.70%
4.61% - 4.74%
8,250 7,000 
Credit Facility682 — 
Total face value of long-term debt67,182 58,000 
Unamortized discount and issuance costs, net(374)(360)
Less: current portion of long-term debt(8,494)(5,017)
Long-term debt$58,314 $52,623 
___________________
(1)The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, and December 2022 Notes were 15.4, 15.2, 16.5, 14.2, 12.8, and 4.6 years as of December 31, 2024. The combined weighted-average remaining life of the Notes was 13.4 years as of December 31, 2024.
Interest on the Notes is payable semi-annually in arrears. We may redeem the Notes at any time in whole, or from time to time, in part at specified redemption prices. We are not subject to any financial covenants under the Notes. The estimated fair value of the Notes was approximately $60.6 billion and $50.2 billion as of December 31, 2023 and 2024, which is based on quoted prices for our debt as of those dates.
As of September 30, 2024, we had repaid outstanding borrowings and terminated the secured revolving credit facility with a lender that was secured by certain seller receivables (the “Credit Facility”). The Credit Facility bore interest based on the daily Secured Overnight Financing Rate plus 1.25%, and had a commitment fee of up to 0.45% on the undrawn portion. There were $682 million of borrowings outstanding under the Credit Facility as of December 31, 2023, which had an interest rate of 6.6%. As of December 31, 2023, we had pledged $806 million of our cash and seller receivables as collateral for debt related to our Credit Facility. The estimated fair value of the Credit Facility, which was based on Level 2 inputs, approximated its carrying value as of December 31, 2023.
As of December 31, 2024, future principal payments for our total long-term debt were as follows (in millions):
Year Ended December 31,
2025$5,000 
20262,750 
20278,750 
20282,250 
20293,000 
Thereafter36,250 
$58,000 
In January 2023, we entered into an $8.0 billion unsecured 364-day term loan with a syndicate of lenders (the “Term Loan”), maturing in January 2024 and bearing interest at the Secured Overnight Financing Rate specified in the Term Loan plus 0.75%. The Term Loan was classified as short-term debt and included within “Accrued expenses and other” on our consolidated balance sheets. As of December 31, 2023, the entire amount of the Term Loan had been repaid.
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 $20.0 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, 2023 and 2024. We use the net proceeds from the issuance of commercial paper for general corporate purposes.
We have a $15.0 billion unsecured revolving credit facility with a syndicate of lenders (the “Credit Agreement”), with 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. There were no borrowings outstanding under the Credit Agreement as of December 31, 2023 and 2024.
In October 2024, we entered into a $5.0 billion unsecured 364-day revolving credit facility with a syndicate of lenders (the “Short-Term Credit Agreement”), which replaced the prior 364-day revolving credit agreement entered into in November 2023. The Short-Term Credit Agreement matures in October 2025 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 Secured Overnight Financing Rate 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 Short-Term Credit Agreement or the prior 364-day revolving credit agreement as of December 31, 2023 and 2024.
We also utilize other short-term credit facilities for working capital purposes. There were $147 million and $151 million of borrowings outstanding under these facilities as of December 31, 2023 and 2024, which were included in “Accrued expenses and other” on our consolidated balance sheets. In addition, we had $8.3 billion of unused letters of credit as of December 31, 2024.
v3.25.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2024
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 December 31, 2024 (in millions):
 Year Ended December 31,  
 20252026202720282029ThereafterTotal
Long-term debt principal and interest$6,858 $4,458 $10,404 $3,644 $4,344 $55,831 $85,539 
Operating lease liabilities12,002 11,023 10,087 9,205 8,534 44,443 95,294 
Finance lease liabilities, including interest1,491 1,495 1,317 1,114 1,022 6,081 12,520 
Financing obligations, including interest (1)511 515 523 531 540 6,397 9,017 
Leases not yet commenced2,695 3,691 5,011 4,253 4,286 41,691 61,627 
Unconditional purchase obligations (2)8,536 7,941 5,413 4,321 3,868 20,296 50,375 
Other commitments (3)2,739 1,470 1,016 923 1,025 11,456 18,629 
Total commitments$34,832 $30,593 $33,771 $23,991 $23,619 $186,195 $333,001 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $271 million and $312 million are recorded within “Accrued expenses and other” and $6.6 billion and $7.1 billion are recorded within “Other long-term liabilities” as of December 31, 2023 and 2024. The weighted-average remaining term of the financing obligations was 17.0 years and 16.1 years and the weighted-average imputed interest rate was 3.1% as of December 31, 2023 and 2024.
(2)Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content, procure energy, and license software that are not reflected on the consolidated balance sheets. For those agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing 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. Our energy agreements generally provide the right to receive energy certificates for no additional consideration.
(3)Includes asset retirement obligations, the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction, and liabilities associated with digital media content agreements with initial terms greater than one year. Excludes approximately $6.5 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.
Suppliers
During 2024, no vendor accounted for 10% or more of our purchases. We generally do not have long-term contracts or arrangements with our vendors to guarantee the availability of merchandise, particular payment terms, or the extension of credit limits.
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 following:
In May 2018, Rensselaer Polytechnic Institute and CF Dynamic Advances LLC filed a complaint against Amazon.com, Inc. in the United States District Court for the Northern District of New York. The complaint alleged, among other things, that “Alexa Voice Software and Alexa enabled devices” infringe U.S. Patent No. 7,177,798, entitled “Natural Language Interface Using Constrained Intermediate Dictionary of Results.” The complaint sought an injunction, an unspecified amount of damages, enhanced damages, an ongoing royalty, interest, attorneys’ fees, and costs. In March 2023, the plaintiffs alleged in their damages report that in the event of a finding of liability Amazon could be subject to $140 million to $267 million in damages. In March 2024, the district court granted summary judgment ruling that the patent is invalid and dismissed the case. In April 2024, the plaintiffs filed a notice of appeal. We dispute the allegations of wrongdoing and will continue to defend ourselves vigorously in this matter.
In December 2018, Kove IO, Inc. filed a complaint against Amazon Web Services, Inc. in the United States District Court for the Northern District of Illinois. The complaint alleged, among other things, that Amazon S3 and DynamoDB infringe U.S. Patent Nos. 7,814,170 and 7,103,640, each entitled “Network Distributed Tracking Wire Transfer Protocol”; and 7,233,978, entitled “Method and Apparatus for Managing Location Information in a Network Separate from the Data to Which the Location Information Pertains.” The complaint sought an unspecified amount of damages, enhanced damages, attorneys’ fees, costs, interest, and injunctive relief. In April 2024, a jury found that Amazon infringed the asserted patents and awarded Kove $525 million in damages. In August 2024, the court awarded Kove $148 million in pre-judgment interest. In September 2024, we filed a notice of appeal. We disagree with the jury’s findings and will continue to defend ourselves vigorously in this matter.
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 Photos, Alexa, AWS cloud services, Ring, Amazon Connect, Amazon’s Flex driver app, and Amazon’s virtual try-on 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.
Beginning in March 2020 with Frame-Wilson v. Amazon.com, Inc. filed in the United States District Court for the Western District of Washington (“W.D. Wash.”), private litigants have filed a number of cases in the U.S. and Canada alleging, among other things, price fixing arrangements between Amazon.com, Inc. and vendors and third-party sellers in Amazon’s stores, monopolization and attempted monopolization, and consumer protection and unjust enrichment claims. Attorneys General for the District of Columbia and California brought similar suits in May 2021 and September 2022 in the Superior Court of the District of Columbia and the California Superior Court for the County of San Francisco, respectively. Some of the private cases include allegations of several 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. The complaints seek billions of dollars of alleged damages, treble damages, punitive damages, injunctive relief, civil penalties, attorneys’ fees, and costs. The Federal Trade Commission and a number of state Attorneys General filed a similar lawsuit in September 2023 in the W.D. Wash. alleging violations of federal antitrust and state antitrust and consumer protection laws. That complaint alleges, among other things, that Amazon has a monopoly in markets for online superstores and marketplace
services, and unlawfully maintains those monopolies through anticompetitive practices relating to our pricing policies, advertising practices, the structure of Prime, and promotion of our own products on our website. The complaint seeks injunctive and structural relief, an unspecified amount of damages, and costs. In May 2024, the Attorney General of Arizona filed a complaint in the Superior Court of Arizona in Maricopa County alleging that Amazon’s practices related to pricing and the Featured Offers in its stores violate state antitrust and consumer protection laws. That complaint also seeks injunctive relief, an unspecified amount of damages, civil penalties, and costs. Amazon’s motions to dismiss were granted in part and denied in part in Frame-Wilson in March 2022 and March 2023, De Coster v. Amazon.com, Inc. (W.D. Wash.) in January 2023, and the California Attorney General’s lawsuit in March 2023. All three courts dismissed claims alleging that Amazon’s pricing policies are inherently illegal and denied dismissal of claims alleging that Amazon’s pricing policies are an unlawful restraint of trade. In August 2024, the DC Court of Appeals overturned a prior decision by the DC Superior Court dismissing the DC Attorney General’s lawsuit and that case is now proceeding. In September 2024, the United States District Court for the W.D. Wash. granted in part Amazon’s motion to dismiss the suit brought by the FTC and certain state Attorneys General with respect to five state law claims and denied the motion with respect to the remaining claims. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters.
In October 2020, Broadband iTV, Inc. filed a complaint against Amazon.com, Inc., Amazon.com Services LLC, and Amazon Web Services, Inc. in the United States District Court for the Western District of Texas. The complaint alleges, among other things, that certain Amazon Prime Video features and services infringe U.S. Patent Nos. 9,648,388, 10,546,750, and 10,536,751, each entitled “Video-On-Demand Content Delivery System for Providing Video-On-Demand Services to TV Services Subscribers”; 10,028,026, entitled “System for Addressing On-Demand TV Program Content on TV Services Platform of a Digital TV Services Provider”; and 9,973,825, entitled “Dynamic Adjustment of Electronic Program Guide Displays Based on Viewer Preferences for Minimizing Navigation in VOD Program Selection.” The complaint seeks an unspecified amount of damages. In April 2022, Broadband iTV alleged in its damages report that in the event of a finding of liability Amazon could be subject to $166 million to $986 million in damages. In September 2022, the district court granted summary judgment, holding that the patents are invalid. In October 2022, Broadband iTV filed a notice of appeal. In September 2024, the United States Court of Appeals for the Federal Circuit affirmed the district court’s judgment. This decision is subject to appeal. We dispute the allegations of wrongdoing and will continue to defend ourselves vigorously in this matter.
In July 2021, the Luxembourg National Commission for Data Protection (the “CNPD”) issued a decision against Amazon Europe Core S.à r.l. claiming that Amazon’s processing of personal data did not comply with the EU General Data Protection Regulation. The decision imposes a fine of €746 million and corresponding practice revisions. We believe the CNPD’s decision to be without merit and intend to defend ourselves vigorously in this matter.
In December 2021, the Italian Competition Authority (the “ICA”) issued a decision against Amazon Services Europe S.à r.l., Amazon Europe Core S.à r.l., Amazon EU S.à r.l., Amazon Italia Services S.r.l., and Amazon Italia Logistica S.r.l. claiming that certain of our marketplace and logistics practices in Italy infringe EU competition rules. The decision imposes remedial actions and a fine of €1.13 billion, which we have paid and will seek to recover pending conclusion of all appeals. We believe the ICA’s decision to be without merit and intend to defend ourselves vigorously in this matter.
Beginning in October 2023, Nokia Technologies Oy and related entities filed complaints alleging infringement of patents related to video-related technologies against Amazon.com, Inc. and related entities in multiple courts in the United States, India, the United Kingdom, Germany, and Brazil, the Unified Patent Court of the European Union, and the United States International Trade Commission. The complaints allege, among other things, that certain Amazon Prime Video services and features of Amazon devices carrying the Prime Video app infringe Nokia’s patents; some of the complaints additionally allege infringement by Freevee, Twitch, and Amazon voice assistants. The complaints seek, among other things, injunctive relief and, in some cases, unspecified money damages, enhanced damages, attorneys’ fees, costs, interest, and declaratory relief. These matters are at various procedural stages, with preliminary and final injunctions issued in certain instances. 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 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 9 — Income Taxes.”
v3.25.0.1
Stockholders' Equity
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Preferred Stock
We have authorized 500 million shares of $0.01 par value preferred stock. No preferred stock was outstanding for any year presented.
Common Stock
Common shares outstanding plus shares underlying outstanding stock awards totaled 10.6 billion, 10.8 billion, and 10.9 billion, as of December 31, 2022, 2023, and 2024. These totals include all vested and unvested stock awards outstanding, including those awards we estimate will be forfeited.
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. We repurchased 46.2 million shares of our common stock for $6.0 billion in 2022. There were no repurchases of common stock in 2023 or 2024. As of December 31, 2024, 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 restricted stock unit awards are granted at the date of hire or in Q2 as part of the annual compensation review and primarily vest semi-annually in Q2 and Q4 of the relevant compensation year.
Stock Award Activity
Stock-based compensation expense is as follows (in millions):
Year Ended December 31,
202220232024
Cost of sales$757 $836 $838 
Fulfillment2,745 3,090 2,973 
Technology and infrastructure10,621 13,434 12,150 
Sales and marketing3,875 4,623 4,084 
General and administrative1,623 2,040 1,966 
Total stock-based compensation expense (1)$19,621 $24,023 $22,011 
___________________
(1)The related tax benefits were $4.3 billion, $5.4 billion, and $5.0 billion for 2022, 2023, and 2024.
The following table summarizes our restricted stock unit activity (in millions):
Number of UnitsWeighted Average
Grant-Date
Fair Value
Outstanding as of January 1, 2022279.9 $134 
Units granted262.8 142 
Units vested(113.3)114 
Units forfeited(45.0)143 
Outstanding as of December 31, 2022384.4 144 
Units granted218.1 106 
Units vested(139.9)143 
Units forfeited(56.8)135 
Outstanding as of December 31, 2023405.8 125 
Units granted126.9 183 
Units vested(209.7)132 
Units forfeited(39.9)133 
Outstanding as of December 31, 2024283.1 145 
Scheduled vesting for outstanding restricted stock units as of December 31, 2024, is as follows (in millions):
 Year Ended    
 20252026202720282029ThereafterTotal
Scheduled vesting — restricted stock units146.0 88.5 34.3 11.5 1.4 1.4 283.1 
As of December 31, 2024, there was $16.2 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 1.0 year. The estimated forfeiture rate as of December 31, 2022, 2023, and 2024 was 26.5%, 26.1%, and 25.6%.
During 2022, 2023, and 2024, the fair value of restricted stock units that vested was $12.8 billion, $17.6 billion, and $39.6 billion.
Common Stock Available for Future Issuance
As of December 31, 2024, common stock available for future issuance to employees is 1.5 billion shares.
v3.25.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
In 2022, 2023, and 2024, we recorded a net tax provision (benefit) of $(3.2) billion, $7.1 billion, and $9.3 billion. Our U.S. taxable income is reduced by accelerated depreciation deductions and increased by the impact of capitalized research and development expenses. Cash paid for income taxes, net of refunds, was $6.0 billion, $11.2 billion, and $12.3 billion for 2022, 2023, and 2024.
Certain foreign subsidiary earnings and losses are subject to current U.S. taxation and the subsequent repatriation of those earnings is not subject to tax in the U.S. The U.S. tax rules also provide for enhanced accelerated depreciation deductions by allowing us to expense a portion of qualified property, primarily equipment. These enhanced deductions are scheduled to phase out annually from 2023 through 2026. Our federal tax provision included accelerated depreciation deductions for 2022, 2023, and 2024. Effective January 1, 2022, research and development expenses are required to be capitalized and amortized for U.S. tax purposes.
The components of the provision (benefit) for income taxes, net are as follows (in millions):
 Year Ended December 31,
202220232024
U.S. Federal:
Current$2,175 $8,652 $9,039 
Deferred(6,686)(5,505)(4,101)
Total(4,511)3,147 4,938 
U.S. State:
Current1,074 2,158 2,109 
Deferred(1,302)(498)(453)
Total(228)1,660 1,656 
International:
Current1,682 2,186 2,765 
Deferred(160)127 (94)
Total1,522 2,313 2,671 
Provision (benefit) for income taxes, net$(3,217)$7,120 $9,265 
U.S. and international components of income (loss) before income taxes are as follows (in millions):
 Year Ended December 31,
 202220232024
U.S.$(8,225)$32,328 $61,947 
International2,289 5,229 6,667 
Income (loss) before income taxes$(5,936)$37,557 $68,614 
The items accounting for differences between income taxes computed at the federal statutory rate and the provision (benefit) recorded for income taxes are as follows (in millions):
 Year Ended December 31,
 202220232024
Income taxes computed at the federal statutory rate$(1,246)$7,887 $14,409 
Effect of:
Tax impact of foreign earnings and losses(370)594 199 
State taxes, net of federal benefits(173)1,307 1,306 
Tax credits(1,006)(2,362)(2,805)
Stock-based compensation (1)612 1,047 (1,688)
Foreign income deduction (2)(1,258)(1,429)(2,379)
Other, net224 76 223 
Total$(3,217)$7,120 $9,265 
___________________
(1)Includes non-deductible stock-based compensation and excess tax benefits or shortfalls from stock-based compensation. Our tax provision includes $33 million and $519 million of tax shortfalls from stock-based compensation for 2022 and 2023, and $2.8 billion of excess tax benefits from stock-based compensation for 2024.
(2)U.S. companies are eligible for a deduction that lowers the effective tax rate on certain foreign income. This regime is referred to as the Foreign-Derived Intangible Income deduction and is dependent on the amount of our U.S. taxable income.
We recorded a provision for income taxes in 2023 as compared to an income tax benefit in 2022 primarily due to an increase in pretax income, a decrease in the tax impact of foreign earnings and losses driven by a decline in the favorable effects of corporate restructuring transactions, and an increase in tax shortfalls from stock-based compensation. This was partially offset by an increase in federal research and development credits, which included approximately $600 million of tax benefit recorded in 2023 related to a change in the estimated qualifying expenditures associated with our 2022 U.S. federal R&D credit.
Our provision for income taxes in 2024 was higher than in 2023 primarily due to an increase in pretax income, partially offset by an increase in excess tax benefits from stock-based compensation and an increase in our foreign income deduction.
We intend to invest substantially all of our foreign subsidiary earnings, as well as our capital in our foreign subsidiaries, indefinitely outside of the U.S. in those jurisdictions in which we would incur significant, additional costs upon repatriation of such amounts.
Deferred income tax assets and liabilities are as follows (in millions):
 December 31,
 20232024
Deferred tax assets (1):
Loss carryforwards U.S. - Federal/States$610 $692 
Loss carryforwards - Foreign2,796 2,687 
Accrued liabilities, reserves, and other expenses3,751 4,254 
Stock-based compensation5,279 4,089 
Depreciation and amortization1,114 1,133 
Operating lease liabilities19,922 20,921 
Capitalized research and development14,800 22,701 
Other items745 1,688 
Tax credits1,582 1,773 
Total gross deferred tax assets50,599 59,938 
Less valuation allowances (2)(4,811)(4,893)
Deferred tax assets, net of valuation allowances45,788 55,045 
Deferred tax liabilities:
Depreciation and amortization(12,454)(16,240)
Operating lease assets(18,648)(19,517)
Other items(1,489)(3,323)
Net deferred tax assets (liabilities), net of valuation allowances$13,197 $15,965 
 ___________________
(1)Deferred tax assets are presented after tax effects and net of tax contingencies.
(2)Relates primarily to deferred tax assets that would only be realizable upon the generation of net income in certain foreign taxing jurisdictions or future capital gains, as well as tax credits.
Our valuation allowances primarily relate to foreign deferred tax assets, including substantially all of our foreign net operating loss carryforwards as of December 31, 2024. Our foreign net operating loss carryforwards for income tax purposes as of December 31, 2024 were approximately $9.9 billion before tax effects and certain of these amounts are subject to annual limitations under applicable tax law. If not utilized, a portion of these losses will begin to expire in 2025.
Income Tax Contingencies
We are subject to income taxes in the U.S. (federal and state) and numerous foreign jurisdictions. Significant judgment is required in evaluating our tax positions and determining our provision for income taxes. During the ordinary course of business, there are many transactions and calculations for which the ultimate tax determination is uncertain. We establish reserves for tax-related uncertainties based on estimates of whether, and the extent to which, additional taxes will be due. These reserves are established when we believe that certain positions might be challenged despite our belief that our tax return positions are fully supportable. We adjust these reserves in light of changing facts and circumstances, such as the outcome of tax audits. The provision for income taxes includes the impact of reserve provisions and changes to reserves that are considered appropriate.
The reconciliation of our income tax contingencies is as follows (in millions):
 December 31,
 202220232024
Gross tax contingencies – January 1$3,242 $4,002 $5,228 
Gross increases to tax positions in prior periods274 440 154 
Gross decreases to tax positions in prior periods(172)(38)(129)
Gross increases to current period tax positions706 1,009 1,392 
Settlements with tax authorities(20)(106)(9)
Lapse of statute of limitations(28)(79)(151)
Gross tax contingencies – December 31 (1)$4,002 $5,228 $6,485 
 ___________________
(1)As of December 31, 2024, we had approximately $6.5 billion of income tax contingencies of which $4.4 billion, if fully recognized, would decrease our effective tax rate.
As of December 31, 2023 and 2024, we had accrued interest and penalties, net of federal income tax benefit, related to tax contingencies of $194 million and $316 million. Interest and penalties, net of federal income tax benefit, recognized for the years ended December 31, 2022, 2023, and 2024 were $(7) million, $91 million, and $121 million.
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 China, France, 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.
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. The actual amount of any change could vary significantly depending on the ultimate timing and nature of any settlements. We cannot currently provide an estimate of the range of possible outcomes.
v3.25.0.1
Segment Information
 12 Months Ended
Dec. 31, 2024
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 (loss) is as follows (in millions):
  
Year Ended December 31,
 202220232024
North America
Net sales$315,880 $352,828 $387,497 
Operating expenses318,727 337,951 362,530 
Operating income (loss)$(2,847)$14,877 $24,967 
International
Net sales$118,007 $131,200 $142,906 
Operating expenses125,753 133,856 139,114 
Operating income (loss)$(7,746)$(2,656)$3,792 
AWS
Net sales$80,096 $90,757 $107,556 
Operating expenses57,255 66,126 67,722 
Operating income$22,841 $24,631 $39,834 
Consolidated
Net sales$513,983 $574,785 $637,959 
Operating expenses501,735 537,933 569,366 
Operating income12,248 36,852 68,593 
Total non-operating income (expense)(18,184)705 21 
Benefit (provision) for income taxes3,217 (7,120)(9,265)
Equity-method investment activity, net of tax(3)(12)(101)
Net income (loss)$(2,722)$30,425 $59,248 
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):
  
Year Ended December 31,
 202220232024
Net Sales:
Online stores (1)$220,004 $231,872 $247,029 
Physical stores (2)18,963 20,030 21,215 
Third-party seller services (3)117,716 140,053 156,146 
Advertising services (4)37,739 46,906 56,214 
Subscription services (5)35,218 40,209 44,374 
AWS80,096 90,757 107,556 
Other (6)4,247 4,958 5,425 
Consolidated$513,983 $574,785 $637,959 
___________________
(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 healthcare services, certain licensing and distribution of video content, and shipping services, and our co-branded credit card agreements.
Net sales are attributed to countries primarily based on country-focused online and physical stores or, for AWS purposes, the selling entity. Net sales attributed to countries that represent a significant portion of consolidated net sales are as follows (in millions):
 Year Ended December 31,
 202220232024
United States$356,113 $395,637 $438,015 
Germany33,598 37,588 40,856 
United Kingdom30,074 33,591 37,855 
Japan24,396 26,002 27,401 
Rest of world69,802 81,967 93,832 
Consolidated$513,983 $574,785 $637,959 
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 are allocated among the segments based on usage, with the majority allocated to the AWS segment. Total segment assets reconciled to consolidated amounts are as follows (in millions):
 December 31,
 202220232024
North America (1)$185,268 $196,029 $210,120 
International (1)64,666 69,718 69,487 
AWS (2)88,491 108,533 155,953 
Corporate124,250 153,574 189,334 
Consolidated$462,675 $527,854 $624,894 
___________________
(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.
Property and equipment, net by segment is as follows (in millions):
 December 31,
 202220232024
North America$90,076 $93,632 $103,041 
International23,347 24,357 25,618 
AWS60,324 72,701 110,683 
Corporate12,968 13,487 13,323 
Consolidated$186,715 $204,177 $252,665 
Total net additions to property and equipment include technology infrastructure assets, which are allocated among the segments based on usage, with the majority allocated to the AWS segment. Total net additions to property and equipment include the effect of non-cash activity such as property and equipment acquired but not yet paid for. Total net additions to property and equipment are as follows (in millions):
 Year Ended December 31,
 202220232024
North America (1)$23,682 $17,529 $24,348 
International (1)6,711 4,144 6,643 
AWS (2)27,755 24,843 53,267 
Corporate2,688 1,828 1,494 
Consolidated$60,836 $48,344 $85,752 
___________________
(1)Includes property and equipment added under finance leases of $422 million, $525 million, and $616 million in 2022, 2023, and 2024, and under build-to-suit lease arrangements of $3.2 billion, $356 million, and $89 million in 2022, 2023, and 2024.
(2)Includes property and equipment added under finance leases of $253 million, $117 million, and $238 million in 2022, 2023, and 2024, and under build-to-suit lease arrangements of $20 million, $1 million, and $8 million in 2022, 2023, and 2024.
U.S. property and equipment, net and operating leases were $180.0 billion, $196.0 billion, and $241.6 billion, as of December 31, 2022, 2023, and 2024, and non-U.S. property and equipment, net and operating leases were $72.9 billion, $80.7 billion, and $87.2 billion as of December 31, 2022, 2023, and 2024. Except for the U.S., property and equipment, net and operating leases in any single country were less than 10% of consolidated property and equipment, net and operating leases.
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):
 Year Ended December 31,
 202220232024
North America$11,565 $13,678 $14,285 
International3,483 4,016 4,462 
AWS9,876 12,531 13,320 
Consolidated$24,924 $30,225 $32,067 
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Net income (loss) $ 59,248 $ 30,425 $ (2,722)
v3.25.0.1
Insider Trading Arrangements
 3 Months Ended 12 Months Ended
Dec. 31, 2024
shares
Dec. 31, 2024
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  
Douglas Herrington [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On November 7, 2024, Douglas Herrington, CEO Worldwide Amazon Stores, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 158,970 shares of Amazon.com, Inc. common stock over a period ending on December 31, 2025, subject to certain conditions.
Name Douglas Herrington  
Title CEO  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date November 7, 2024  
Expiration Date December 31, 2025  
Arrangement Duration 419 days  
Aggregate Available 158,970 158,970
Shelley Reynolds [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On November 7, 2024, Shelley Reynolds, Vice President, Worldwide Controller, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 16,938 shares of Amazon.com, Inc. common stock over a period ending on November 29, 2025, subject to certain conditions.
Name Shelley Reynolds  
Title Vice President  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date November 7, 2024  
Expiration Date November 29, 2025  
Arrangement Duration 417 days  
Aggregate Available 16,938 16,938
Brian Olsavsky [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On November 11, 2024, Brian Olsavsky, Senior Vice President and Chief Financial Officer, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 32,370 shares of Amazon.com, Inc. common stock over a period ending on May 30, 2025, subject to certain conditions.
Name Brian Olsavsky  
Title Senior Vice President  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date November 11, 2024  
Expiration Date May 30, 2025  
Arrangement Duration 200 days  
Aggregate Available 32,370 32,370
David Zapolsky [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On November 12, 2024, David Zapolsky, Senior Vice President, Global Public Policy and General Counsel, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 87,070 shares of Amazon.com, Inc. common stock over a period ending on December 31, 2025, subject to certain conditions.
Name David Zapolsky  
Title Senior Vice President  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date November 12, 2024  
Expiration Date December 31, 2025  
Arrangement Duration 414 days  
Aggregate Available 87,070 87,070
Andrew Jassy [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On November 18, 2024, Andrew Jassy, President and Chief Executive Officer, adopted a trading plan intended to satisfy Rule 10b5-1(c) to sell up to 80,400 shares of Amazon.com, Inc. common stock over a period ending on December 31, 2025, subject to certain conditions.
Name Andrew Jassy  
Title President and Chief Executive Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date November 18, 2024  
Expiration Date December 31, 2025  
Arrangement Duration 408 days  
Aggregate Available 80,400 80,400
v3.25.0.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.0.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
We have processes in place for assessing, identifying, and managing material risks from potential unauthorized occurrences on or through our electronic information systems that could adversely affect the confidentiality, integrity, or availability of our information systems or the information residing on those systems. These include a wide variety of mechanisms, controls, technologies, methods, systems, and other processes that are designed to prevent, detect, or mitigate data loss, theft, misuse, unauthorized access, or other security incidents or vulnerabilities affecting the data. The data include confidential, proprietary, and business and personal information that we collect, process, store, and transmit as part of our business, including on behalf of third parties. We also use systems and processes designed to reduce the impact of a security incident at a third-party vendor or customer. Additionally, we use processes to oversee and identify material risks from cybersecurity threats associated with our use of third-party technology and systems, including: technology and systems we use for encryption and authentication; employee email; content delivery to customers; back-office support; and other functions.
As part of our risk management process, we conduct application security assessments, vulnerability management, penetration testing, security audits, and ongoing risk assessments. We also maintain a variety of incident response plans that are utilized when incidents are detected. We require employees with access to information systems, including all corporate employees, to undertake data protection and cybersecurity training and compliance programs annually.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] We have processes in place for assessing, identifying, and managing material risks from potential unauthorized occurrences on or through our electronic information systems that could adversely affect the confidentiality, integrity, or availability of our information systems or the information residing on those systems. These include a wide variety of mechanisms, controls, technologies, methods, systems, and other processes that are designed to prevent, detect, or mitigate data loss, theft, misuse, unauthorized access, or other security incidents or vulnerabilities affecting the data. The data include confidential, proprietary, and business and personal information that we collect, process, store, and transmit as part of our business, including on behalf of third parties. We also use systems and processes designed to reduce the impact of a security incident at a third-party vendor or customer. Additionally, we use processes to oversee and identify material risks from cybersecurity threats associated with our use of third-party technology and systems, including: technology and systems we use for encryption and authentication; employee email; content delivery to customers; back-office support; and other functions
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block] Our cybersecurity risks and associated mitigations are evaluated by senior leadership, including as part of our enterprise risk assessments that are reviewed by the Audit Committee and our Board of Directors. Such risks and mitigations are also subject to oversight by the Security Committee of our Board of Directors.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Security Committee, which is comprised of independent directors, oversees our policies and procedures for protecting our cybersecurity infrastructure and for compliance with applicable data protection and security regulations, and related risks. The Security Committee receives reports regarding such risks from management, including our chief security officer, and reports to the Board at least annually. The Security Committee also oversees the Board’s response to any significant cybersecurity incidents.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Security Committee, which is comprised of independent directors, oversees our policies and procedures for protecting our cybersecurity infrastructure and for compliance with applicable data protection and security regulations, and related risks. The Security Committee receives reports regarding such risks from management, including our chief security officer, and reports to the Board at least annually. The Security Committee also oversees the Board’s response to any significant cybersecurity incidents.
Cybersecurity Risk Role of Management [Text Block]
We have a unified and centrally-coordinated team, led by our chief security officer, that is responsible for implementing and maintaining centralized cybersecurity and data protection practices at Amazon in close coordination with senior leadership and other teams across Amazon. Reporting to our chief security officer are a number of experienced chief information security officers responsible for various parts of our business, including AWS, each of whom is supported by a team of trained cybersecurity professionals. In addition to our extensive in-house cybersecurity capabilities, at times we also engage assessors, consultants, auditors, or other third parties to assist with assessing, identifying, and managing cybersecurity risks.
Our cybersecurity risks and associated mitigations are evaluated by senior leadership, including as part of our enterprise risk assessments that are reviewed by the Audit Committee and our Board of Directors. Such risks and mitigations are also subject to oversight by the Security Committee of our Board of Directors. Additional information about cybersecurity risks we face is discussed in Item 1A of Part I, “Risk Factors,” under the heading “We Could Be Harmed by Data Loss or Other Security Incidents,” which should be read in conjunction with the information above.
The Security Committee, which is comprised of independent directors, oversees our policies and procedures for protecting our cybersecurity infrastructure and for compliance with applicable data protection and security regulations, and related risks. The Security Committee receives reports regarding such risks from management, including our chief security officer, and reports to the Board at least annually. The Security Committee also oversees the Board’s response to any significant cybersecurity incidents.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] We have a unified and centrally-coordinated team, led by our chief security officer, that is responsible for implementing and maintaining centralized cybersecurity and data protection practices at Amazon in close coordination with senior leadership and other teams across Amazon.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]
Our chief security officer, who has extensive cybersecurity knowledge and skills gained from over 15 years of work experience on the security team at Amazon and an extensive career in the technology and cybersecurity industries as a senior executive in the federal government, heads the team responsible for implementing and maintaining cybersecurity and data protection practices at Amazon and reports directly to the Chief Executive Officer.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Security Committee receives reports regarding such risks from management, including our chief security officer, and reports to the Board at least annually. The Security Committee also oversees the Board’s response to any significant cybersecurity incidents.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures (Policies)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Segment Information We have organized our operations into three segments: North America, International, and AWS.
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 and of which we are the primary beneficiary, including certain entities in India and certain entities that support our healthcare services. 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, income taxes, useful lives of equipment, commitments and contingencies, valuation of acquired intangibles and goodwill, stock-based compensation forfeiture rates, vendor funding, inventory valuation, collectability of receivables, impairment of property and equipment and operating leases, valuation and impairment of investments, self-insurance liabilities, 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
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.
Revenue, Return Allowances, Cost of Sales, and Vendor Agreements
Revenue
Revenue is measured based on the amount of consideration that we expect to receive, reduced by estimates for return allowances, promotional discounts, and rebates. Revenue also excludes any amounts collected on behalf of third parties, including sales and indirect taxes. In arrangements where we have multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price. We generally determine stand-alone selling prices based on the prices charged to customers or using expected cost plus a margin.
A description of our principal revenue generating activities is as follows:
Retail sales - We offer consumer products through our online and physical stores. Revenue is recognized when control of the goods is transferred to the customer, which generally occurs upon our delivery to a third-party carrier or, in the case of an Amazon delivery, to the customer.
Third-party seller services - We offer programs that enable sellers to sell their products in our stores, and fulfill orders using our services. We are not the seller of record in these transactions. The commissions and any related fulfillment and shipping fees we earn from these arrangements are recognized when the services are rendered, which generally occurs upon delivery of the related products to a third-party carrier or, in the case of an Amazon delivery, to the customer.
Advertising services - We provide advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising. Revenue is recognized as ads are delivered based on the number of clicks or impressions.
Subscription services - Our subscription sales include fees associated with Amazon Prime memberships and access to content including digital video, audiobooks, digital music, e-books, and other non-AWS subscription services. Prime memberships provide our customers with access to an evolving suite of benefits that represent a single stand-ready obligation. Subscriptions are paid for at the time of or in advance of delivering the services. Revenue from such arrangements is recognized over the subscription period.
AWS - Our AWS arrangements include global sales of compute, storage, database, and other services. Revenue is allocated to services using stand-alone selling prices and is primarily recognized when the customer uses these services, based on the quantity of services rendered, such as compute or storage capacity delivered on-demand. Certain services, including compute and database, are also offered as a fixed quantity over a specified term, for which revenue is recognized ratably. Sales commissions we pay in connection with contracts that exceed one year are capitalized and amortized over the contract term.
Other - Other revenue includes sales related to various other offerings, such as healthcare services, certain licensing and distribution of video content, and shipping services, and our co-branded credit card agreements. Revenue is recognized when content is licensed or distributed and as or when services are performed.
Return Allowances
Return allowances, which reduce revenue and cost of sales, are estimated using historical experience. Liabilities for return allowances are included in “Accrued expenses and other” and were $1.3 billion, $1.4 billion, and $1.4 billion as of December 31, 2022, 2023, and 2024. Additions to the allowance were $5.5 billion, $5.2 billion, and $5.5 billion and deductions from the allowance were $5.2 billion, $5.1 billion, and $5.5 billion in 2022, 2023, and 2024. Included in “Inventories” on our consolidated balance sheets are assets totaling $948 million, $992 million, and $998 million as of December 31, 2022, 2023, and 2024, for the rights to recover products from customers associated with our liabilities for return allowances.
Cost of Sales
Cost of sales primarily consists of the purchase price of consumer products, inbound and outbound shipping costs, including costs related to sortation and delivery centers and where we are the transportation service provider, and digital media content costs where we record revenue gross, including video and music. Shipping costs to receive products from our suppliers are included in our inventory, and recognized as cost of sales upon sale of products to our customers. Payment processing and related transaction costs, including those associated with seller transactions, are classified in “Fulfillment” on our consolidated statements of operations.
Vendor Agreements
We have agreements with our vendors to receive consideration primarily for cooperative marketing efforts, promotions, incentives, and volume rebates. We generally consider these amounts received from vendors to be a reduction of the prices we pay for their goods, including property and equipment, or services, and are recorded as a reduction of the cost of inventory, cost of services, or cost of property and equipment. Volume rebates typically depend on reaching minimum purchase thresholds. We evaluate the likelihood of reaching purchase thresholds using past experience and current year forecasts. When volume rebates can be reasonably estimated, we record a portion of the rebate as we make progress towards the purchase threshold.
Fulfillment
Fulfillment
Fulfillment costs primarily consist of those costs incurred in operating and staffing our North America and International segments’ fulfillment centers, physical stores, and customer service centers, including facilities and equipment expenses, such as depreciation and amortization, and rent; costs attributable to buying, receiving, inspecting, and warehousing inventories; picking, packaging, and preparing customer orders for shipment; payment processing and related transaction costs, including costs associated with our guarantee for certain seller transactions; responding to inquiries from customers; and supply chain management for our manufactured electronic devices. Fulfillment costs also include amounts paid to third parties that assist us in fulfillment and customer service operations.
Technology and Infrastructure
Technology and Infrastructure
Technology and infrastructure costs include payroll and related expenses for employees involved in the research and development of new and existing products and services, development, design, and maintenance of our stores, curation and display of products and services made available in our online stores, and infrastructure costs. Infrastructure costs include servers, networking equipment, and data center related depreciation and amortization, rent, utilities, and other expenses necessary to support AWS and other Amazon businesses. Collectively, these costs reflect the investments we make in order to offer a wide variety of products and services to our customers, including expenditures related to initiatives to build and deploy innovative and efficient software and electronic devices and the development of a satellite network for global broadband service and autonomous vehicles for ride-hailing services. Technology and infrastructure costs are generally expensed as incurred.
Sales and Marketing
Sales and Marketing
Sales and marketing costs include advertising and payroll and related expenses for personnel engaged in marketing and selling activities, including sales commissions related to AWS. We pay commissions to third parties when their customer referrals result in sales. We also participate in cooperative advertising arrangements with certain of our vendors, and other third parties.
Advertising and other promotional costs to market our products and services are expensed as incurred and were $20.6 billion, $20.3 billion, and $21.4 billion in 2022, 2023, and 2024.
General and Administrative
General and Administrative
General and administrative expenses primarily consist of costs for corporate functions, including payroll and related expenses; facilities and equipment expenses, such as depreciation and amortization expense and rent; and professional fees.
Stock-Based Compensation
Stock-Based Compensation
Compensation cost for all equity-classified stock awards expected to vest is measured at fair value on the date of grant and recognized over the service period. The fair value of restricted stock units is determined based on the number of shares granted and the quoted price of our common stock. Such value is recognized as expense over the service period, net of estimated forfeitures, using the accelerated method. Under this method, approximately 50% of the grant date fair value is recognized as expense in the first year of grant for the majority of our stock-based compensation awards. The accelerated method also adds a higher level of sensitivity and complexity in estimating forfeitures. If an award is forfeited early in its life, the adjustment to compensation expense is much greater under an accelerated method than under a straight-line method. The estimated number of stock awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including historical forfeiture experience. Additionally, we have stock-based compensation awards that are expected to settle in cash. These liability-classified awards are remeasured to fair value at the end of each reporting period until settlement or expiration.
Other Operating Expense (Income), Net
Other Operating Expense (Income), Net
Other operating expense (income), net, consists primarily of the amortization of intangible assets and asset impairments.
Other Income (Expense), Net
Included in other income (expense), net in 2022, 2023, and 2024 is a marketable equity securities valuation gain (loss) of $(12.7) billion, $797 million, and $(1.6) billion from our equity investment in Rivian Automotive, Inc. (“Rivian”). Our investment in Rivian’s preferred stock was accounted for at cost, with adjustments for observable changes in prices or impairments, prior to Rivian’s initial public offering in November 2021, which resulted in the conversion of our preferred stock to Class A common stock. As of December 31, 2024, we held 158 million shares of Rivian’s Class A common stock, representing an approximate 14% ownership interest, and an approximate 13% voting interest. We determined that we have the ability to exercise significant influence over Rivian through our equity investment, our commercial arrangement for the purchase of electric vehicles and jointly-owned intellectual property, and one of our employees serving on Rivian’s board of directors. We elected the fair value option to account for our equity investment in Rivian, which is included in “Marketable securities” on our consolidated balance sheets, and had a fair value of $3.7 billion and $2.1 billion as of December 31, 2023 and December 31, 2024. The investment was subject to regulatory sales restrictions resulting in a discount for lack of marketability of approximately $800 million as of December 31, 2021, which expired in Q1 2022.
Income Taxes
Income Taxes
Income tax expense includes U.S. (federal and state) and foreign income taxes. Certain foreign subsidiary earnings and losses are subject to current U.S. taxation and the subsequent repatriation of those earnings is not subject to tax in the U.S. We intend to invest substantially all of our foreign subsidiary earnings, as well as our capital in our foreign subsidiaries, indefinitely outside of the U.S. in those jurisdictions in which we would incur significant, additional costs upon repatriation of such amounts.
Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases, as well as net operating loss and tax credit carryforwards, and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered.
Deferred tax assets represent amounts available to reduce income taxes payable in future periods. Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the extent we believe they will not be realized. We consider many factors when assessing the likelihood of future realization of our deferred tax assets, including recent cumulative loss experience and expectations of future earnings, capital gains and investment in such jurisdiction, the carry-forward periods available to us for tax reporting purposes, and other relevant factors.
We utilize a two-step approach to recognizing and measuring uncertain income tax positions (income tax contingencies). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount which is more than 50% likely of being realized upon ultimate settlement. We consider many factors when evaluating our tax positions and estimating our tax benefits, which may require periodic adjustments and which may not accurately forecast actual outcomes. We include interest and penalties related to our income tax contingencies in income tax expense.
Fair Value of Financial Instruments
Fair Value of Financial Instruments
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. To increase the comparability of fair value measures, the following hierarchy prioritizes the inputs to valuation methodologies used to measure fair value:
Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.
Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.
We measure the fair value of money market funds and certain marketable equity securities based on quoted prices in active markets for identical assets or liabilities. Other marketable securities were valued either based on recent trades of securities in inactive markets or based on quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data.
Cash and Cash Equivalents
Cash and Cash Equivalents
We classify all highly liquid instruments with an original maturity of three months or less as cash equivalents.
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 $3.0 billion as of December 31, 2023 and 2024.
We provide Fulfillment by Amazon services in connection with certain of our sellers’ programs. Third-party sellers maintain ownership of their inventory, regardless of whether fulfillment is provided by us or the third-party sellers, and therefore these products are not included in our inventories.
We also purchase electronic device components from a variety of suppliers and use several contract manufacturers to provide manufacturing services for our products. During the normal course of business, in order to manage manufacturing lead times and help ensure adequate supply, we enter into agreements with contract manufacturers and suppliers for certain electronic device components. We have certain non-cancellable purchase commitments arising from these agreements. These commitments are based on forecasted customer demand. If we reduce these commitments, we may incur additional costs.
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, 2023 and 2024, customer receivables, net, were $34.1 billion and $34.3 billion, vendor receivables, net, were $8.5 billion and $11.6 billion, and other receivables, net, were $4.3 billion and $3.4 billion. Prepaid expenses and other current assets, which include amounts related to non-income taxes and satellite network launch services deposits, were $5.4 billion and $6.3 billion as of December 31, 2023 and December 31, 2024. 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. Receivables are considered impaired and written-off when it is probable that all contractual payments due will not be collected in accordance with the terms of the agreement.
Software Development Costs
Software Development Costs
We incur software development costs related to products to be sold, leased, or marketed to external users, internal-use software, and our websites. Software development costs capitalized were not significant for the years presented. All other costs, including those related to design or maintenance, are expensed as incurred.
Property and Equipment, Net
Property and Equipment, Net
Property and equipment are stated at cost less accumulated depreciation and amortization. Incentives that we receive from property and equipment vendors are recorded as a reduction to our costs. Property includes buildings and land that we own, along with property we have acquired under build-to-suit lease arrangements when we have control over the building during the construction period and finance lease arrangements. Equipment includes assets such as servers and networking equipment, heavy equipment, and other fulfillment equipment. Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets (generally the lesser of 40 years or the remaining life of the underlying building, five years
prior to January 1, 2024 and six years subsequent to January 1, 2024 for our servers, six years for our networking equipment, ten years for heavy equipment, and three to ten years for other fulfillment equipment). Depreciation and amortization expense is classified within the corresponding operating expense categories on our consolidated statements of operations.
Leases
Leases
We categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that allow us to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in “Property and equipment, net.” All other leases are categorized as operating leases. Our leases generally have terms that range from one to ten years for equipment and one to twenty years for property.
Certain lease contracts include obligations to pay for other services, such as operations and maintenance. For leases of property, we account for these other services as a component of the lease. For substantially all other leases, the services are accounted for separately and we allocate payments to the lease and other services components based on estimated stand-alone prices.
Lease liabilities are recognized at the present value of the fixed lease payments, reduced by landlord incentives using a discount rate based on similarly secured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the leases or lease prepayments reclassified from “Other assets” upon lease commencement. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the lease term.
When we have the option to extend the lease term, terminate the lease before the contractual expiration date, or purchase the leased asset, and it is reasonably certain that we will exercise the option, we consider the option in determining the classification and measurement of the lease. Our leases may include variable payments based on measures that include changes in price indices, market interest rates, or the level of sales at a physical store, which are expensed as incurred.
Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease. Finance lease assets are amortized within operating expenses on a straight-line basis over the shorter of the estimated useful lives of the assets or, in the instance where title does not transfer at the end of the lease term, the lease term. The interest component of a finance lease is included in interest expense and recognized using the effective interest method over the lease term.
We establish assets and liabilities for the present value of estimated future costs to retire long-lived assets at the termination or expiration of a lease. Such assets are amortized over the lease period into operating expense, and the recorded liabilities are accreted to the future value of the estimated retirement costs.
Financing Obligations
Financing Obligations
We record assets and liabilities for estimated construction costs under build-to-suit lease arrangements when we have control over the building during the construction period. If we continue to control the building after the construction period, the arrangement is classified as a financing obligation instead of a lease. The building is depreciated over the shorter of its useful life or the term of the obligation.
If we do not control the building after the construction period ends, the assets and liabilities for construction costs are derecognized, and we classify the lease as operating.
Goodwill and Indefinite-Lived Intangible Assets
Goodwill and Indefinite-Lived Intangible Assets
We evaluate goodwill and indefinite-lived intangible assets for impairment annually or more frequently when an event occurs or circumstances change that indicate the carrying value may not be recoverable. We may elect to utilize a qualitative assessment to evaluate whether it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset is less than its carrying value and if so, we perform a quantitative test. We compare the carrying value of each reporting unit and indefinite-lived intangible asset to its estimated fair value and if the fair value is determined to be less than the carrying value, we recognize an impairment loss for the difference. We estimate the fair value of the reporting units using discounted cash flows. Forecasts of future cash flows are based on our best estimate of future net sales and operating expenses, based primarily on expected category expansion, pricing, market segment share, and general economic conditions.
We completed the required annual impairment test of goodwill for all reporting units and indefinite-lived intangible assets as of April 1, 2024, resulting in no impairments. The fair value of our reporting units substantially exceeded their carrying value. There were no events that caused us to update our annual impairment test.
Other Assets
Other Assets
Included in “Other assets” on our consolidated balance sheets are amounts primarily related to video and music content, net of accumulated amortization; long-term deferred tax assets; acquired intangible assets, net of accumulated amortization; convertible notes and certain equity investments; satellite network launch services deposits; and affordable housing loans. We recognize certain transactions with governments when there is reasonable assurance that incentives included in the agreements, such as cash or certain tax credits, will be received and we are able to comply with any related conditions. These incentives are recorded as reductions to the cost of related assets or expenses.
Digital Video and Music Content
Digital Video and Music Content
We obtain video content, inclusive of episodic television and movies, and music content for customers through licensing agreements that have a wide range of licensing provisions including both fixed and variable payment schedules. When the license fee for a specific video or music title is determinable or reasonably estimable and the content is available to us, we recognize an asset and a corresponding liability for the amounts owed. We reduce the liability as payments are made and we amortize the asset to “Cost of sales” on an accelerated basis, based on estimated usage or viewing patterns, or on a straight-line basis. If the licensing fee is not determinable or reasonably estimable, no asset or liability is recorded and licensing costs are expensed as incurred. We also develop original video content for which the production costs are capitalized and amortized to “Cost of sales” predominantly on an accelerated basis that follows the estimated viewing patterns associated with the content. The weighted average remaining life of our capitalized video content is 3.1 years. We review usage and viewing patterns impacting the amortization of capitalized video content on an ongoing basis and reflect any changes prospectively.
Our produced and licensed video content is primarily monetized together as a unit, referred to as a film group, in each major geography where we offer Amazon Prime memberships. These film groups are evaluated for impairment whenever an event occurs or circumstances change indicating the fair value is less than the carrying value. The total capitalized costs of video, which is primarily released content, and music as of December 31, 2023 and 2024 were $17.4 billion and $19.6 billion. Total video and music expense was $18.9 billion and $20.4 billion for the year ended December 31, 2023 and 2024. Total video and music expense includes licensing and production costs associated with content offered within Amazon Prime memberships, and costs associated with digital subscriptions and sold or rented content.
Cash Equivalents and Marketable Securities
Cash Equivalents and Marketable Securities
We generally invest our excess cash in investment grade short- to intermediate-term marketable debt securities and AAA-rated money market funds. Such investments are included in “Cash and cash equivalents” or “Marketable securities” on the accompanying consolidated balance sheets.
Marketable debt securities are classified as available-for-sale and reported at fair value with unrealized gains and losses included in “Accumulated other comprehensive income (loss).” Each reporting period, we evaluate whether declines in fair value below carrying value are due to expected credit losses, as well as our ability and intent to hold the investment until a forecasted recovery occurs. Expected credit losses are recorded as an allowance through “Other income (expense), net” on our consolidated statements of operations.
Equity investments that have readily determinable fair values, including investments for which we have elected the fair value option, are included in “Marketable securities” on our consolidated balance sheets and measured at fair value with changes recognized in “Other income (expense), net” on our consolidated statements of operations.
Non-Marketable Investments
Notes that are convertible to equity classified as available-for-sale are reported at fair value with unrealized gains and losses included in “Accumulated other comprehensive income (loss).” Credit losses, if any, are recorded as an allowance through “Other income (expense), net” on our consolidated statements of operations. Upon conversion, the amount of the notes reported at fair value are reclassified generally from available-for-sale to equity investments accounted for at cost, with any associated unrealized gain or loss reclassified from “Accumulated other comprehensive income (loss)” to “Other income (expense), net” on our consolidated statements of operations.
In Q3 2023, we invested in a $1.25 billion note from Anthropic, PBC, which is convertible to equity. In Q1 2024, we invested $2.75 billion in a second convertible note. In Q4 2024, we entered into an agreement and invested $1.3 billion in a third convertible note, and will invest an additional $2.7 billion by Q4 2025. The notes are classified as available-for-sale and are classified as Level 3 assets, and as of December 31, 2024 had an estimated fair value of approximately $13.8 billion. 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. Subsequent to December 31, 2024, a portion of the notes were converted to nonvoting preferred stock. As a result of this conversion, a significant portion of the unrealized gain associated with the notes as of December 31, 2024 was reclassified and
a gain will be recorded in “Other income (expense), net” in our Q1 2025 consolidated statement of operations. We also have a commercial arrangement primarily for the provision of AWS cloud services, which includes the use of AWS chips.
Equity investments in private companies for which we do not have the ability to exercise significant influence are accounted for at cost, with adjustments for observable changes in prices or impairments recognized in “Other income (expense), net” on our consolidated statements of operations. Each reporting period, we perform a qualitative assessment to evaluate whether the investment is impaired. Our assessment includes a review of recent operating results and trends, recent sales/acquisitions of the investee securities, and other publicly available data. If the investment is impaired, we write it down to its estimated fair value. As of December 31, 2023 and 2024, these investments had a carrying value of $754 million and $989 million.
Equity investments where we can exercise significant influence, but not control, over an investee are accounted for using the equity method of accounting, or at fair value if we elect the fair value option. Our share of the earnings or losses as reported by equity-method investees, amortization of basis differences, related gains or losses, and impairments, if any, are recognized in “Equity-method investment activity, net of tax” on our consolidated statements of operations. Each reporting period, we evaluate whether declines in fair value below carrying value are other-than-temporary and if so, we write down the investment to its estimated fair value. As of December 31, 2023 and 2024, these investments had a carrying value of $614 million and $1.2 billion.
As of December 31, 2023 and 2024, equity warrants measured at fair value were $2.2 billion and $2.7 billion, with changes 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 represent a variable interest in an entity. We do not consolidate the entities in which we hold these investments because we are not the primary beneficiary.
Long-Lived Assets
Long-Lived Assets
Long-lived assets, other than goodwill and indefinite-lived intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset, a significant change in the extent or manner in which an asset is used, or any other significant adverse change that would indicate that the carrying amount of an asset or group of assets may not be recoverable.
For long-lived assets used in operations, including lease assets, impairment losses are only recorded if the asset’s carrying amount is not recoverable through its undiscounted, probability-weighted future cash flows. We measure the impairment loss based on the difference between the carrying amount and estimated fair value. Long-lived assets are considered held for sale when certain criteria are met, including when management has committed to a plan to sell the asset, the asset is available for sale in its immediate condition, and the sale is probable within one year of the reporting date. Assets held for sale are reported at the lower of cost or fair value less costs to sell.
Accrued Expenses and Other
Accrued Expenses and Other
Included in “Accrued expenses and other” on our consolidated balance sheets are liabilities primarily related to tax-related liabilities, leases and asset retirement obligations, self-insurance liabilities, payroll and related expenses, current debt, unredeemed gift cards, customer liabilities, marketing liabilities, acquired digital media content, and other operating expenses.
As of December 31, 2023 and 2024, our liabilities for payroll related expenses were $7.7 billion and $7.5 billion and our liabilities for unredeemed gift cards were $5.3 billion and $5.4 billion. We reduce the liability for a gift card when redeemed by a customer. The portion of gift cards that we do not expect to be redeemed is recognized based on customer usage patterns.
Self-Insurance Liabilities
Self-Insurance Liabilities
Although we maintain certain high-deductible, third-party insurance coverage for catastrophic losses, we effectively self-insure for exposure primarily related to workers’ compensation, employee healthcare benefits, general and product liability, and automobile liability, including liability resulting from third-party transportation service providers. We estimate self-insurance liabilities by considering historical claims experience, frequency and costs of claims, projected claims development, inflation, and other actuarial assumptions. Changes in the number or costs of claims, healthcare costs, judgment and settlement amounts, associated legal expenses, and other factors could cause actual results to differ materially from these estimates. In the fourth quarter of 2022, we increased our reserves for general, product, and automobile liabilities by $1.3 billion primarily driven by changes in our estimates about the costs of asserted and unasserted claims, which was primarily recorded in “Cost of sales” on our consolidated statements of operations and impacted our North America segment. Increases to our reserves driven by
changes in estimates were not material to our consolidated results of operations for the years ended December 31, 2023 and 2024. As of December 31, 2023 and 2024, our total self-insurance liabilities were $6.3 billion and $8.5 billion and are included in “Accrued expenses and other” on our consolidated balance sheets.
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, 2023 was $20.9 billion, of which $14.2 billion was recognized as revenue during the year ended December 31, 2024 and our total unearned revenue as of December 31, 2024 was $24.6 billion. Included in “Other long-term liabilities” on our consolidated balance sheets was $5.7 billion and $6.5 billion of unearned revenue as of December 31, 2023 and 2024.
Additionally, we have performance obligations, primarily related to AWS, associated with commitments in customer contracts for future services that 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 $177 billion as of December 31, 2024. The weighted average remaining life of our long-term contracts is 4.1 years. However, the amount and timing of revenue recognition is largely driven by customer usage, which can extend beyond the original contractual term.
Other Long-Term Liabilities
Other Long-Term Liabilities
Included in “Other long-term liabilities” on our consolidated balance sheets are liabilities primarily related to financing obligations, unearned revenue, asset retirement obligations, tax contingencies, deferred tax liabilities, and digital video and music content.
Foreign Currency
Foreign Currency
We have internationally-focused stores for which the net sales generated, as well as most of the related expenses directly incurred from those operations, are denominated in local functional currencies. The functional currency of our subsidiaries that either operate or support these stores is generally the same as the local currency. Assets and liabilities of these subsidiaries are translated into U.S. Dollars at period-end foreign exchange rates, and revenues and expenses are translated at average rates prevailing throughout the period. Translation adjustments are included in “Accumulated other comprehensive income (loss),” a separate component of stockholders’ equity. Transaction gains and losses including intercompany transactions denominated in a currency other than the functional currency of the entity involved are included in “Other income (expense), net” on our consolidated statements of operations.
Accounting Pronouncements Not Yet Adopted
Accounting Pronouncements Not Yet Adopted
In December 2023, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) amending existing income tax disclosure guidance, primarily requiring more detailed disclosure for income taxes paid and the effective tax rate reconciliation. The ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. We expect to adopt the ASU on a retroactive basis.
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.
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Supplemental Cash Flow Information
The following table shows supplemental cash flow information (in millions):
Year Ended December 31,
202220232024
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest$1,561 $2,608 $1,858 
Cash paid for operating leases$8,633 $10,453 $12,341 
Cash paid for interest on finance leases$374 $308 $287 
Cash paid for interest on financing obligations$207 $196 $219 
Cash paid for income taxes, net of refunds$6,035 $11,179 $12,308 
Assets acquired under operating leases$18,800 $14,052 $15,424 
Property and equipment acquired under finance leases, net of remeasurements and modifications$675 $642 $854 
Property and equipment recognized during the construction period of build-to-suit lease arrangements$3,187 $357 $97 
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating$5,158 $1,374 $— 
Schedule of Calculation of Diluted Shares
The following table shows the calculation of diluted shares (in millions):
  
Year Ended December 31,
 202220232024
Shares used in computation of basic earnings per share10,189 10,304 10,473 
Total dilutive effect of outstanding stock awards— 188 248 
Shares used in computation of diluted earnings per share10,189 10,492 10,721 
Schedule of Other Income (Expense)
Other income (expense), net, is as follows (in millions):
Year Ended December 31,
202220232024
Marketable equity securities valuation gains (losses)$(13,870)$984 $(1,278)
Equity warrant valuation gains (losses)(2,132)26 (192)
Upward adjustments relating to equity investments in private companies76 40 49 
Foreign currency gains (losses)(340)65 (408)
Other, net(540)(177)(421)
Total other income (expense), net$(16,806)$938 $(2,250)
v3.25.0.1
Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of Fair Value by Major Security Type The following table summarizes, by major security 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, 2023
  
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash$11,706 $— $— $11,706 
Level 1 securities:
Money market funds39,160 — — 39,160 
Equity securities (1)4,658 
Level 2 securities:
Foreign government and agency securities505 — — 505 
U.S. government and agency securities1,789 1 (91)1,699 
Corporate debt securities27,996 — (191)27,805 
Asset-backed securities1,707 — (61)1,646 
Other debt securities108 — (4)104 
$82,971 $1 $(347)$87,283 
Less: Restricted cash, cash equivalents, and marketable securities (2)(503)
Total cash, cash equivalents, and marketable securities$86,780 
 December 31, 2024
  
Cost or
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Total
Estimated
Fair Value
Cash$17,055 $— $— $17,055 
Level 1 securities:
Money market funds28,282 — — 28,282 
Equity securities (1)3,318 
Level 2 securities:
Foreign government and agency securities177 — — 177 
U.S. government and agency securities3,452 1 (52)3,401 
Corporate debt securities50,959 3 (50)50,912 
Asset-backed securities1,539 2 (18)1,523 
Other debt securities68 — (1)67 
$101,532 $6 $(121)$104,735 
Less: Restricted cash, cash equivalents, and marketable securities (2)(3,533)
Total cash, cash equivalents, and marketable securities$101,202 
___________________
(1)The related unrealized gain (loss) recorded in “Other income (expense), net” was $(13.6) billion, $1.0 billion, and $(1.3) billion for the years ended December 31, 2022, 2023, and 2024.
(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 7 — Commitments and Contingencies.”
Summary of Gross Realized Gains (Losses) on Investments
The following table summarizes gross gains and gross losses realized on sales of marketable debt securities (in millions):
Year Ended December 31,
202220232024
Realized gains$43 $2 $3 
Realized losses341 67 10 
Summary of Contractual Maturities of Investments
The following table summarizes the remaining contractual maturities of our cash equivalents and marketable debt securities as of December 31, 2024 (in millions):
Amortized
Cost		Estimated
Fair Value
Due within one year$78,065 $78,046 
Due after one year through five years5,023 4,969 
Due after five years through ten years560 553 
Due after ten years829 794 
Total$84,477 $84,362 
Actual maturities may differ from the contractual maturities because borrowers may have certain prepayment conditions.
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, 2023December 31, 2024
Cash and cash equivalents$73,387 $78,779 
Restricted cash included in accounts receivable, net and other497 247 
Restricted cash included in other assets6 3,286 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$73,890 $82,312 
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, 2023December 31, 2024
Cash and cash equivalents$73,387 $78,779 
Restricted cash included in accounts receivable, net and other497 247 
Restricted cash included in other assets6 3,286 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$73,890 $82,312 
v3.25.0.1
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, at Cost
Property and equipment, at cost, consisted of the following (in millions): 
 December 31,
 20232024
Gross property and equipment (1):
Land and buildings$105,293 $123,039 
Equipment185,039 218,893 
Other assets5,116 5,487 
Construction in progress28,840 46,636 
Gross property and equipment324,288 394,055 
Total accumulated depreciation and amortization (1)120,111 141,390 
Total property and equipment, net$204,177 $252,665 
__________________
(1)Includes the original cost and accumulated depreciation of fully-depreciated assets.
v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lease, Cost
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
 Year Ended December 31,
202220232024
Operating lease cost$8,847 $10,550 $11,961 
Finance lease cost:
Amortization of lease assets6,097 5,899 3,866 
Interest on lease liabilities361 304 285 
Finance lease cost6,458 6,203 4,151 
Variable lease cost1,852 2,165 2,465 
Total lease cost$17,157 $18,918 $18,577 
Other Operating and Finance Lease Information
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2023December 31, 2024
 
Weighted-average remaining lease term – operating leases11.3 years10.6 years
Weighted-average remaining lease term – finance leases11.9 years11.9 years
Weighted-average discount rate – operating leases3.3 %3.5 %
Weighted-average discount rate – finance leases2.7 %3.0 %
Operating and Finance Lease Liability Reconciliation
Our lease liabilities were as follows (in millions):
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297 
December 31, 2024
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$95,294 $12,520 $107,814 
Less: imputed interest(15,698)(1,918)(17,616)
Present value of lease liabilities79,596 10,602 90,198 
Less: current portion of lease liabilities(10,546)(1,375)(11,921)
Total long-term lease liabilities$69,050 $9,227 $78,277 
v3.25.0.1
Acquisitions, Goodwill, and Acquired Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Summary of Goodwill Activity The following summarizes our goodwill activity in 2023 and 2024 by segment (in millions):
North
America		InternationalAWSConsolidated
Goodwill - January 1, 2023$16,621 $2,411 $1,256 $20,288 
Acquisition activity2,494 — — 2,494 
Other adjustments (1)11 1 (5)7 
Goodwill - December 31, 202319,126 2,412 1,251 22,789 
Acquisition activity191 77 52 320 
Other adjustments (1)(28)(4)(3)(35)
Goodwill - December 31, 2024$19,289 $2,485 $1,300 $23,074 
 ___________________
(1)Primarily includes changes in foreign exchange rates.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
Acquired identifiable intangible assets are valued primarily by using discounted cash flows. These assets are included within “Other assets” on our consolidated balance sheets and consist of the following (in millions):
 
 December 31,
 20232024
  
Acquired
Intangibles,
Gross (1)		Accumulated
Amortization (1)		Acquired
Intangibles,
Net		Acquired
Intangibles,
Gross (1)		Accumulated
Amortization (1)		Acquired
Intangibles,
Net		Weighted
Average Life
Remaining
Finite-lived intangible assets (2):
Marketing-related$2,643 $(738)$1,905 $2,629 $(860)$1,769 16.8
Contract-based4,800 (1,129)3,671 5,767 (1,541)4,226 10.9
Technology- and content-based743 (340)403 1,246 (284)962 3.2
Customer-related749 (188)561 764 (282)482 5.7
Total finite-lived intangible assets$8,935 $(2,395)$6,540 $10,406 $(2,967)$7,439 11.0
IPR&D and other (3)$1,147  $1,147 $1,163  $1,163 
Total acquired intangibles $10,082 $(2,395)$7,687 $11,569 $(2,967)$8,602 
 ___________________
(1)Excludes the original cost and accumulated amortization of fully-amortized intangibles.
(2)Finite-lived intangible assets, excluding acquired video content, have estimated useful lives of between one and twenty-five years, and are being amortized to operating expenses on a straight-line basis.
(3)Intangible assets acquired in a business combination that are in-process and used in research and development activities are considered indefinite-lived until the completion or abandonment of the research and development efforts. Once the research and development efforts are completed, we determine the useful life and begin amortizing the assets.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Expected future amortization expense of acquired finite-lived intangible assets as of December 31, 2024 is as follows (in millions):
 
Year Ended December 31,
2025$994 
2026918 
2027796 
2028632 
2029615 
Thereafter3,484 
$7,439 
v3.25.0.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Long-term Debt Obligations Our total long-term debt obligations are as follows (in millions):
Maturities (1)Stated Interest RatesEffective Interest RatesDecember 31, 2023December 31, 2024
2014 Notes issuance of $6.0 billion
2034 - 2044
4.80% - 4.95%
4.93% - 5.12%
4,000 2,750 
2017 Notes issuance of $17.0 billion
2025 - 2057
3.15% - 5.20%
3.02% - 4.33%
15,000 13,000 
2020 Notes issuance of $10.0 billion
2025 - 2060
0.80% - 2.70%
0.88% - 2.77%
9,000 9,000 
2021 Notes issuance of $18.5 billion
2026 - 2061
1.00% - 3.25%
1.14% - 3.31%
17,500 15,000 
April 2022 Notes issuance of $12.8 billion
2025 - 2062
3.00% - 4.10%
3.13% - 4.15%
12,750 11,250 
December 2022 Notes issuance of $8.3 billion
2025 - 2032
4.55% - 4.70%
4.61% - 4.74%
8,250 7,000 
Credit Facility682 — 
Total face value of long-term debt67,182 58,000 
Unamortized discount and issuance costs, net(374)(360)
Less: current portion of long-term debt(8,494)(5,017)
Long-term debt$58,314 $52,623 
___________________
(1)The weighted-average remaining lives of the 2014, 2017, 2020, 2021, April 2022, and December 2022 Notes were 15.4, 15.2, 16.5, 14.2, 12.8, and 4.6 years as of December 31, 2024. The combined weighted-average remaining life of the Notes was 13.4 years as of December 31, 2024.
Future Principal Payments for Debt
As of December 31, 2024, future principal payments for our total long-term debt were as follows (in millions):
Year Ended December 31,
2025$5,000 
20262,750 
20278,750 
20282,250 
20293,000 
Thereafter36,250 
$58,000 
v3.25.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2024
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 December 31, 2024 (in millions):
 Year Ended December 31,  
 20252026202720282029ThereafterTotal
Long-term debt principal and interest$6,858 $4,458 $10,404 $3,644 $4,344 $55,831 $85,539 
Operating lease liabilities12,002 11,023 10,087 9,205 8,534 44,443 95,294 
Finance lease liabilities, including interest1,491 1,495 1,317 1,114 1,022 6,081 12,520 
Financing obligations, including interest (1)511 515 523 531 540 6,397 9,017 
Leases not yet commenced2,695 3,691 5,011 4,253 4,286 41,691 61,627 
Unconditional purchase obligations (2)8,536 7,941 5,413 4,321 3,868 20,296 50,375 
Other commitments (3)2,739 1,470 1,016 923 1,025 11,456 18,629 
Total commitments$34,832 $30,593 $33,771 $23,991 $23,619 $186,195 $333,001 
___________________
(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $271 million and $312 million are recorded within “Accrued expenses and other” and $6.6 billion and $7.1 billion are recorded within “Other long-term liabilities” as of December 31, 2023 and 2024. The weighted-average remaining term of the financing obligations was 17.0 years and 16.1 years and the weighted-average imputed interest rate was 3.1% as of December 31, 2023 and 2024.
(2)Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content, procure energy, and license software that are not reflected on the consolidated balance sheets. For those agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing 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. Our energy agreements generally provide the right to receive energy certificates for no additional consideration.
(3)Includes asset retirement obligations, the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction, and liabilities associated with digital media content agreements with initial terms greater than one year. Excludes approximately $6.5 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.
v3.25.0.1
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense
Stock-based compensation expense is as follows (in millions):
Year Ended December 31,
202220232024
Cost of sales$757 $836 $838 
Fulfillment2,745 3,090 2,973 
Technology and infrastructure10,621 13,434 12,150 
Sales and marketing3,875 4,623 4,084 
General and administrative1,623 2,040 1,966 
Total stock-based compensation expense (1)$19,621 $24,023 $22,011 
___________________
(1)The related tax benefits were $4.3 billion, $5.4 billion, and $5.0 billion for 2022, 2023, and 2024.
Summary of Restricted Stock Unit Activity
The following table summarizes our restricted stock unit activity (in millions):
Number of UnitsWeighted Average
Grant-Date
Fair Value
Outstanding as of January 1, 2022279.9 $134 
Units granted262.8 142 
Units vested(113.3)114 
Units forfeited(45.0)143 
Outstanding as of December 31, 2022384.4 144 
Units granted218.1 106 
Units vested(139.9)143 
Units forfeited(56.8)135 
Outstanding as of December 31, 2023405.8 125 
Units granted126.9 183 
Units vested(209.7)132 
Units forfeited(39.9)133 
Outstanding as of December 31, 2024283.1 145 
Scheduled Vesting of Outstanding Restricted Stock Units
Scheduled vesting for outstanding restricted stock units as of December 31, 2024, is as follows (in millions):
 Year Ended    
 20252026202720282029ThereafterTotal
Scheduled vesting — restricted stock units146.0 88.5 34.3 11.5 1.4 1.4 283.1 
v3.25.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Components of Provision for Income Taxes, Net
The components of the provision (benefit) for income taxes, net are as follows (in millions):
 Year Ended December 31,
202220232024
U.S. Federal:
Current$2,175 $8,652 $9,039 
Deferred(6,686)(5,505)(4,101)
Total(4,511)3,147 4,938 
U.S. State:
Current1,074 2,158 2,109 
Deferred(1,302)(498)(453)
Total(228)1,660 1,656 
International:
Current1,682 2,186 2,765 
Deferred(160)127 (94)
Total1,522 2,313 2,671 
Provision (benefit) for income taxes, net$(3,217)$7,120 $9,265 
Components of Income Before Income Taxes, Domestic and Foreign
U.S. and international components of income (loss) before income taxes are as follows (in millions):
 Year Ended December 31,
 202220232024
U.S.$(8,225)$32,328 $61,947 
International2,289 5,229 6,667 
Income (loss) before income taxes$(5,936)$37,557 $68,614 
Effective Income Tax Rate Reconciliation
The items accounting for differences between income taxes computed at the federal statutory rate and the provision (benefit) recorded for income taxes are as follows (in millions):
 Year Ended December 31,
 202220232024
Income taxes computed at the federal statutory rate$(1,246)$7,887 $14,409 
Effect of:
Tax impact of foreign earnings and losses(370)594 199 
State taxes, net of federal benefits(173)1,307 1,306 
Tax credits(1,006)(2,362)(2,805)
Stock-based compensation (1)612 1,047 (1,688)
Foreign income deduction (2)(1,258)(1,429)(2,379)
Other, net224 76 223 
Total$(3,217)$7,120 $9,265 
___________________
(1)Includes non-deductible stock-based compensation and excess tax benefits or shortfalls from stock-based compensation. Our tax provision includes $33 million and $519 million of tax shortfalls from stock-based compensation for 2022 and 2023, and $2.8 billion of excess tax benefits from stock-based compensation for 2024.
(2)U.S. companies are eligible for a deduction that lowers the effective tax rate on certain foreign income. This regime is referred to as the Foreign-Derived Intangible Income deduction and is dependent on the amount of our U.S. taxable income.
Deferred Tax Assets and Liabilities
Deferred income tax assets and liabilities are as follows (in millions):
 December 31,
 20232024
Deferred tax assets (1):
Loss carryforwards U.S. - Federal/States$610 $692 
Loss carryforwards - Foreign2,796 2,687 
Accrued liabilities, reserves, and other expenses3,751 4,254 
Stock-based compensation5,279 4,089 
Depreciation and amortization1,114 1,133 
Operating lease liabilities19,922 20,921 
Capitalized research and development14,800 22,701 
Other items745 1,688 
Tax credits1,582 1,773 
Total gross deferred tax assets50,599 59,938 
Less valuation allowances (2)(4,811)(4,893)
Deferred tax assets, net of valuation allowances45,788 55,045 
Deferred tax liabilities:
Depreciation and amortization(12,454)(16,240)
Operating lease assets(18,648)(19,517)
Other items(1,489)(3,323)
Net deferred tax assets (liabilities), net of valuation allowances$13,197 $15,965 
 ___________________
(1)Deferred tax assets are presented after tax effects and net of tax contingencies.
(2)Relates primarily to deferred tax assets that would only be realizable upon the generation of net income in certain foreign taxing jurisdictions or future capital gains, as well as tax credits.
Reconciliation of Income Tax Contingencies
The reconciliation of our income tax contingencies is as follows (in millions):
 December 31,
 202220232024
Gross tax contingencies – January 1$3,242 $4,002 $5,228 
Gross increases to tax positions in prior periods274 440 154 
Gross decreases to tax positions in prior periods(172)(38)(129)
Gross increases to current period tax positions706 1,009 1,392 
Settlements with tax authorities(20)(106)(9)
Lapse of statute of limitations(28)(79)(151)
Gross tax contingencies – December 31 (1)$4,002 $5,228 $6,485 
 ___________________
(1)As of December 31, 2024, we had approximately $6.5 billion of income tax contingencies of which $4.4 billion, if fully recognized, would decrease our effective tax rate.
v3.25.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Information on Reportable Segments and Reconciliation to Consolidated Net Income (Loss)
Information on reportable segments and reconciliation to consolidated net income (loss) is as follows (in millions):
  
Year Ended December 31,
 202220232024
North America
Net sales$315,880 $352,828 $387,497 
Operating expenses318,727 337,951 362,530 
Operating income (loss)$(2,847)$14,877 $24,967 
International
Net sales$118,007 $131,200 $142,906 
Operating expenses125,753 133,856 139,114 
Operating income (loss)$(7,746)$(2,656)$3,792 
AWS
Net sales$80,096 $90,757 $107,556 
Operating expenses57,255 66,126 67,722 
Operating income$22,841 $24,631 $39,834 
Consolidated
Net sales$513,983 $574,785 $637,959 
Operating expenses501,735 537,933 569,366 
Operating income12,248 36,852 68,593 
Total non-operating income (expense)(18,184)705 21 
Benefit (provision) for income taxes3,217 (7,120)(9,265)
Equity-method investment activity, net of tax(3)(12)(101)
Net income (loss)$(2,722)$30,425 $59,248 
Disaggregation of Revenue
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):
  
Year Ended December 31,
 202220232024
Net Sales:
Online stores (1)$220,004 $231,872 $247,029 
Physical stores (2)18,963 20,030 21,215 
Third-party seller services (3)117,716 140,053 156,146 
Advertising services (4)37,739 46,906 56,214 
Subscription services (5)35,218 40,209 44,374 
AWS80,096 90,757 107,556 
Other (6)4,247 4,958 5,425 
Consolidated$513,983 $574,785 $637,959 
___________________
(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 healthcare services, certain licensing and distribution of video content, and shipping services, and our co-branded credit card agreements.
Net Sales Attributed to Countries that Represent a Significant Portion of Consolidated Net Sales Net sales attributed to countries that represent a significant portion of consolidated net sales are as follows (in millions):
 Year Ended December 31,
 202220232024
United States$356,113 $395,637 $438,015 
Germany33,598 37,588 40,856 
United Kingdom30,074 33,591 37,855 
Japan24,396 26,002 27,401 
Rest of world69,802 81,967 93,832 
Consolidated$513,983 $574,785 $637,959 
Reconciliation of Assets from Segment to Consolidated Total segment assets reconciled to consolidated amounts are as follows (in millions):
 December 31,
 202220232024
North America (1)$185,268 $196,029 $210,120 
International (1)64,666 69,718 69,487 
AWS (2)88,491 108,533 155,953 
Corporate124,250 153,574 189,334 
Consolidated$462,675 $527,854 $624,894 
___________________
(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,
 202220232024
North America$90,076 $93,632 $103,041 
International23,347 24,357 25,618 
AWS60,324 72,701 110,683 
Corporate12,968 13,487 13,323 
Consolidated$186,715 $204,177 $252,665 
Reconciliation of Property and Equipment Additions and Depreciation from Segments to Consolidated
Total net additions to property and equipment include technology infrastructure assets, which are allocated among the segments based on usage, with the majority allocated to the AWS segment. Total net additions to property and equipment include the effect of non-cash activity such as property and equipment acquired but not yet paid for. Total net additions to property and equipment are as follows (in millions):
 Year Ended December 31,
 202220232024
North America (1)$23,682 $17,529 $24,348 
International (1)6,711 4,144 6,643 
AWS (2)27,755 24,843 53,267 
Corporate2,688 1,828 1,494 
Consolidated$60,836 $48,344 $85,752 
___________________
(1)Includes property and equipment added under finance leases of $422 million, $525 million, and $616 million in 2022, 2023, and 2024, and under build-to-suit lease arrangements of $3.2 billion, $356 million, and $89 million in 2022, 2023, and 2024.
(2)Includes property and equipment added under finance leases of $253 million, $117 million, and $238 million in 2022, 2023, and 2024, and under build-to-suit lease arrangements of $20 million, $1 million, and $8 million in 2022, 2023, and 2024.
Total depreciation and amortization expense, by segment, is as follows (in millions):
 Year Ended December 31,
 202220232024
North America$11,565 $13,678 $14,285 
International3,483 4,016 4,462 
AWS9,876 12,531 13,320 
Consolidated$24,924 $30,225 $32,067 
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Description of Business (Details)
 12 Months Ended
Dec. 31, 2024
segment
Accounting Policies [Abstract]  
Number of operating segments 3
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Common Stock Split (Details)
May 27, 2022
$ / shares
Dec. 31, 2024
$ / shares
Dec. 31, 2023
$ / shares
Accounting Policies [Abstract]      
Stock split ratio 20    
Common stock, par value (in usd per share) $ 0.01 $ 0.01 $ 0.01
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Use of Estimates (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2022
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Jan. 01, 2025
Jan. 01, 2024
Property, Plant and Equipment [Line Items]                
Net income (loss)       $ 59,248 $ 30,425 $ (2,722)    
Accelerated depreciation and amortization expense       $ 52,795 $ 48,663 $ 41,921    
Basic earnings per share (in dollars per share)       $ 5.66 $ 2.95 $ (0.27)    
Diluted earnings per share (in dollars per share)       $ 5.53 $ 2.90 $ (0.27)    
Impairments   $ 720       $ 1,100    
Expenses for terminating contracts           480    
Severance costs   $ 640       $ 720    
Change In Property And Equipment Useful Life                
Property, Plant and Equipment [Line Items]                
Net income (loss)       $ 2,500        
Accelerated depreciation and amortization expense       $ (3,200)        
Basic earnings per share (in dollars per share)       $ 0.23        
Diluted earnings per share (in dollars per share)       $ 0.23        
Servers and Networking Equipment | Change In Property And Equipment Useful Life | Forecast                
Property, Plant and Equipment [Line Items]                
Net income (loss)     $ (700)          
Servers and Networking Equipment | Early Retirement                
Property, Plant and Equipment [Line Items]                
Accelerated depreciation and amortization expense $ 920              
Servers and Networking Equipment | Early Retirement | Forecast                
Property, Plant and Equipment [Line Items]                
Net income (loss)     (600)          
Servers                
Property, Plant and Equipment [Line Items]                
Estimated useful lives of assets 6 years     6 years 5 years      
Servers | Change In Property And Equipment Useful Life                
Property, Plant and Equipment [Line Items]                
Estimated useful lives of assets               6 years
Servers | Change In Property And Equipment Useful Life | Subsequent event                
Property, Plant and Equipment [Line Items]                
Estimated useful lives of assets             5 years  
Networking equipment                
Property, Plant and Equipment [Line Items]                
Estimated useful lives of assets 6 years     6 years        
Networking equipment | Change In Property And Equipment Useful Life | Subsequent event                
Property, Plant and Equipment [Line Items]                
Estimated useful lives of assets             5 years  
Heavy equipment                
Property, Plant and Equipment [Line Items]                
Estimated useful lives of assets 10 years     10 years        
Heavy equipment | Change In Property And Equipment Useful Life | Subsequent event                
Property, Plant and Equipment [Line Items]                
Estimated useful lives of assets             13 years  
Heavy equipment | Change In Property And Equipment Useful Life | Forecast                
Property, Plant and Equipment [Line Items]                
Net income (loss)     $ 900          
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Supplemental Cash Flow Information [Abstract]      
Cash paid for interest on debt, net of capitalized interest $ 1,858 $ 2,608 $ 1,561
Cash paid for operating leases 12,341 10,453 8,633
Cash paid for interest on finance leases 287 308 374
Cash paid for interest on financing obligations 219 196 207
Cash paid for income taxes, net of refunds 12,308 11,179 6,035
Assets acquired under operating leases 15,424 14,052 18,800
Property and equipment acquired under finance leases, net of remeasurements and modifications 854 642 675
Property and equipment recognized during the construction period of build-to-suit lease arrangements 97 357 3,187
Property and equipment derecognized after the construction period of build-to-suit lease arrangements, with the associated leases recognized as operating $ 0 $ 1,374 $ 5,158
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Calculation of Diluted Shares (Details) - shares
shares in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accounting Policies [Abstract]      
Shares used in computation of basic earnings per share 10,473 10,304 10,189
Total dilutive effect of outstanding stock awards 248 188 0
Shares used in computation of diluted earnings per share 10,721 10,492 10,189
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accounting Policies [Abstract]      
Liability for return allowance $ 1,400 $ 1,400 $ 1,300
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]      
Rights to recover products from customers 998 992 948
Sales Returns and Allowances      
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]      
Additions to allowance for returns 5,500 5,200 5,500
Deductions to allowance for returns $ 5,500 $ 5,100 $ 5,200
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Marketing (Details) - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accounting Policies [Abstract]      
Advertising and other promotional costs $ 21.4 $ 20.3 $ 20.6
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Stock-Based Compensation (Details)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement, Tranche One  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Percentage of compensation cost expensed in first year 50.00%
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Other Income (Expense), Net (Details) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Accounting Policies [Abstract]        
Marketable equity securities valuation gains (losses) $ (1,278) $ 984 $ (13,870)  
Equity warrant valuation gains (losses) (192) 26 (2,132)  
Upward adjustments relating to equity investments in private companies 49 40 76  
Foreign currency gains (losses) (408) 65 (340)  
Other, net (421) (177) (540)  
Total other income (expense), net (2,250) 938 (16,806)  
Schedule of Equity Method Investments [Line Items]        
Marketable equity securities valuation gains (losses) (1,278) 984 (13,870)  
Equity investment, discount due to lack of marketability       $ 800
Equity Method Investment, Nonconsolidated Investee or Group of Investees        
Accounting Policies [Abstract]        
Marketable equity securities valuation gains (losses) (1,600) 797 (12,700)  
Schedule of Equity Method Investments [Line Items]        
Marketable equity securities valuation gains (losses) $ (1,600) 797 $ (12,700)  
Equity investment, shares held (in shares) 158      
Equity investment, ownership interest 14.00%      
Equity investment, voting interest 13.00%      
Equity investment, fair value $ 2,100 $ 3,700    
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Inventories (Details) - USD ($)
$ in Billions
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]    
Inventory valuation allowance $ 3.0 $ 3.0
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Accounts Receivable, Net and Other (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Accounts receivable, net and other $ 55,451 $ 52,253  
Prepaid expenses and other current assets 6,300 5,400  
Allowance for doubtful accounts 2,000 1,700 $ 1,400
Additions to allowance for doubtful accounts 1,900 1,900 1,600
Deductions to allowance for doubtful accounts 1,600 1,600 $ 1,300
Customer receivables      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Accounts receivable, net and other 34,300 34,100  
Vendor receivables      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Accounts receivable, net and other 11,600 8,500  
Other Receivables      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Accounts receivable, net and other $ 3,400 $ 4,300  
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Property and Equipment, Net (Details)
Dec. 31, 2024
Dec. 31, 2023
Building    
Property, Plant and Equipment [Line Items]    
Estimated useful lives of assets 40 years  
Servers    
Property, Plant and Equipment [Line Items]    
Estimated useful lives of assets 6 years 5 years
Networking equipment    
Property, Plant and Equipment [Line Items]    
Estimated useful lives of assets 6 years  
Heavy equipment    
Property, Plant and Equipment [Line Items]    
Estimated useful lives of assets 10 years  
Minimum | Other fulfillment equipment    
Property, Plant and Equipment [Line Items]    
Estimated useful lives of assets 3 years  
Maximum | Other fulfillment equipment    
Property, Plant and Equipment [Line Items]    
Estimated useful lives of assets 10 years  
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Leases (Details)
 12 Months Ended
Dec. 31, 2024
Equipment | Minimum  
Lessee, Lease, Description [Line Items]  
Lessee, operating and finance lease, term of contract 1 year
Equipment | Maximum  
Lessee, Lease, Description [Line Items]  
Lessee, operating and finance lease, term of contract 10 years
Property | Minimum  
Lessee, Lease, Description [Line Items]  
Lessee, operating and finance lease, term of contract 1 year
Property | Maximum  
Lessee, Lease, Description [Line Items]  
Lessee, operating and finance lease, term of contract 20 years
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Goodwill and Indefinite-Lived Intangible Assets (Details)
$ in Millions
Apr. 01, 2024
USD ($)
Accounting Policies [Abstract]  
Goodwill and indefinite-lived intangible asset impairment $ 0
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Digital Video and Music Content (Details) - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]    
Weighted average remaining life, capitalized video content 3 years 1 month 6 days  
Video and music content, capitalized costs $ 19.6 $ 17.4
Video and music content, expense $ 20.4 $ 18.9
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Cash Equivalents and Marketable Securities (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Mar. 31, 2024
Sep. 30, 2023
Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]        
Payments to acquire nonmarketable securities $ 1,300 $ 2,750 $ 1,250  
Nonmarketable securities, agreed additional investment 2,700      
Equity investments in private companies 989     $ 754
Equity method investments 1,200     614
Fair Value, Inputs, Level 3        
Schedule of Equity Method Investments [Line Items]        
Estimated fair value of nonmarketable securities 13,800      
Equity Warrant | Fair Value, Inputs, Level 2        
Schedule of Equity Method Investments [Line Items]        
Fair value of warrants $ 2,700     $ 2,200
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Accrued Expenses and Other (Details) - USD ($)
$ in Billions
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]    
Payroll-related liabilities $ 7.5 $ 7.7
Customer liability 24.6 20.9
Gift card    
Disaggregation of Revenue [Line Items]    
Customer liability $ 5.4 $ 5.3
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Self-Insurance Liabilities (Details) - USD ($)
$ in Billions
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]      
Increase in self-insurance liabilities $ 1.3    
Self-insurance liabilities   $ 8.5 $ 6.3
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Unearned Revenue (Details) - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]    
Customer liability $ 24.6 $ 20.9
Unearned revenue, revenue recognized 14.2  
Unearned revenue, long-term 6.5 $ 5.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Remaining performance obligation, contracts exceeding one year $ 177.0  
Remaining performance obligation, weighted average remaining life 4 years 1 month 6 days  
v3.25.0.1
Description of Business, Accounting Policies, and Supplemental Disclosures - Foreign Currency (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accounting Policies [Abstract]      
Transaction gain (loss) arising from intercompany foreign currency transactions $ 413 $ (329) $ 386
v3.25.0.1
Financial Instruments - Fair Values on Recurring Basis (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Equity Securities, FV-NI, Gain (Loss)      
Equity securities, unrealized gain (loss) $ (1,300) $ 1,000 $ (13,600)
Recurring      
Schedule of Investments [Line Items]      
Cash 17,055 11,706  
Cost or Amortized Cost      
Cash, cash equivalents and short-term investments 101,532 82,971  
Gross Unrealized Gains      
Cash equivalents and marketable securities 6 1  
Gross Unrealized Losses      
Cash equivalents and marketable securities (121) (347)  
Total Estimated Fair Value      
Cash, cash equivalents and short-term investments 104,735 87,283  
Less: Restricted cash, cash equivalents, and marketable securities (3,533) (503)  
Total cash, cash equivalents, and marketable securities 101,202 86,780  
Recurring | Level 1 securities      
Total Estimated Fair Value      
Equity securities 3,318 4,658  
Recurring | Level 1 securities | Money market funds      
Schedule of Investments [Line Items]      
Money market funds 28,282 39,160  
Recurring | Level 1 securities | Money market funds | Money market funds      
Schedule of Investments [Line Items]      
Money market funds 28,282    
Recurring | Level 2 securities | Foreign government and agency securities      
Cost or Amortized Cost      
Cash equivalents and marketable securities 177 505  
Gross Unrealized Gains      
Cash equivalents and marketable securities 0 0  
Gross Unrealized Losses      
Cash equivalents and marketable securities 0 0  
Total Estimated Fair Value      
Cash equivalents and marketable securities 177 505  
Recurring | Level 2 securities | U.S. government and agency securities      
Cost or Amortized Cost      
Cash equivalents and marketable securities 3,452 1,789  
Gross Unrealized Gains      
Cash equivalents and marketable securities 1 1  
Gross Unrealized Losses      
Cash equivalents and marketable securities (52) (91)  
Total Estimated Fair Value      
Cash equivalents and marketable securities 3,401 1,699  
Recurring | Level 2 securities | Corporate debt securities      
Cost or Amortized Cost      
Cash equivalents and marketable securities 50,959 27,996  
Gross Unrealized Gains      
Cash equivalents and marketable securities 3 0  
Gross Unrealized Losses      
Cash equivalents and marketable securities (50) (191)  
Total Estimated Fair Value      
Cash equivalents and marketable securities 50,912 27,805  
Recurring | Level 2 securities | Asset-backed securities      
Cost or Amortized Cost      
Cash equivalents and marketable securities 1,539 1,707  
Gross Unrealized Gains      
Cash equivalents and marketable securities 2 0  
Gross Unrealized Losses      
Cash equivalents and marketable securities (18) (61)  
Total Estimated Fair Value      
Cash equivalents and marketable securities 1,523 1,646  
Recurring | Level 2 securities | Other debt securities      
Cost or Amortized Cost      
Cash equivalents and marketable securities 68 108  
Gross Unrealized Gains      
Cash equivalents and marketable securities 0 0  
Gross Unrealized Losses      
Cash equivalents and marketable securities (1) (4)  
Total Estimated Fair Value      
Cash equivalents and marketable securities $ 67 $ 104  
v3.25.0.1
Financial Instruments - Gross Gains and Gross Losses Realized on Sales of Available-For-Sale Marketable Securities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]      
Realized gains $ 3 $ 2 $ 43
Realized losses $ 10 $ 67 $ 341
v3.25.0.1
Financial Instruments - Contractual Maturities (Details)
$ in Millions
Dec. 31, 2024
USD ($)
Amortized Cost  
Due within one year $ 78,065
Due after one year through five years 5,023
Due after five years through ten years 560
Due after ten years 829
Total 84,477
Estimated Fair Value  
Due within one year 78,046
Due after one year through five years 4,969
Due after five years through ten years 553
Due after ten years 794
Total $ 84,362
v3.25.0.1
Financial Instruments - Reconciliation to Cash Flow (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]        
Cash and cash equivalents $ 78,779 $ 73,387    
Restricted cash included in accounts receivable, net and other 247 497    
Restricted cash included in other assets 3,286 6    
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 82,312 $ 73,890 $ 54,253 $ 36,477
v3.25.0.1
Property and Equipment - Components (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Property, Plant and Equipment [Line Items]      
Gross property and equipment $ 394,055 $ 324,288  
Total accumulated depreciation and amortization 141,390 120,111  
Total property and equipment, net 252,665 204,177 $ 186,715
Land and buildings      
Property, Plant and Equipment [Line Items]      
Gross property and equipment 123,039 105,293  
Equipment      
Property, Plant and Equipment [Line Items]      
Gross property and equipment 218,893 185,039  
Other assets      
Property, Plant and Equipment [Line Items]      
Gross property and equipment 5,487 5,116  
Construction in progress      
Property, Plant and Equipment [Line Items]      
Gross property and equipment $ 46,636 $ 28,840  
v3.25.0.1
Property and Equipment - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Property, Plant and Equipment [Abstract]      
Depreciation and amortization expense $ 32,067 $ 30,225 $ 24,924
Amortization of lease assets $ 3,866 $ 5,899 $ 6,097
v3.25.0.1
Leases - Additional Information (Details) - USD ($)
$ in Billions
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
Finance lease asset location Property and equipment, net Property and equipment, net
Finance lease asset $ 56.5 $ 62.5
Accumulated amortization associated with finance leases $ 41.8 $ 44.7
v3.25.0.1
Leases - Lease Costs (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Lease, Cost [Abstract]      
Operating lease cost $ 11,961 $ 10,550 $ 8,847
Finance lease cost:      
Amortization of lease assets 3,866 5,899 6,097
Interest on lease liabilities 285 304 361
Finance lease cost 4,151 6,203 6,458
Variable lease cost 2,465 2,165 1,852
Total lease cost $ 18,577 $ 18,918 $ 17,157
v3.25.0.1
Leases - Other Operating and Finance Lease Information (Details)
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
Weighted-average remaining lease term – operating leases 10 years 7 months 6 days 11 years 3 months 18 days
Weighted-average remaining lease term – finance leases 11 years 10 months 24 days 11 years 10 months 24 days
Weighted-average discount rate – operating leases 3.50% 3.30%
Weighted-average discount rate – finance leases 3.00% 2.70%
v3.25.0.1
Leases - Operating and Finance Lease Reconciliation (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
Total $ 95,294 $ 90,777
Total 12,520 14,106
Gross lease liabilities 107,814 104,883
Imputed interest - operating leases (15,698) (15,138)
Imputed interest - finance leases (1,918) (1,997)
Imputed interest (17,616) (17,135)
Present value of operating leases 79,596 75,639
Present value of finance leases 10,602 12,109
Present value of lease liabilities 90,198 87,748
Current portion of operating leases (10,546) (8,419)
Current portion of finance leases (1,375) (2,032)
Current portion of lease liabilities (11,921) (10,451)
Total long-term operating lease liabilities 69,050 67,220
Total long-term finance lease liabilities 9,227 10,077
Long-term lease liabilities $ 78,277 $ 77,297
Operating lease liabilities, current, location Accrued expenses and other Accrued expenses and other
Finance lease liabilities, current, location Accrued expenses and other Accrued expenses and other
Operating lease liabilities, long-term, location Long-term lease liabilities Long-term lease liabilities
Finance lease liabilities, long-term, location Long-term lease liabilities Long-term lease liabilities
v3.25.0.1
Acquisitions, Goodwill, and Acquired Intangible Assets - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Feb. 22, 2023
Mar. 17, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Business Acquisition [Line Items]          
Goodwill     $ 23,074 $ 22,789 $ 20,288
Amortization expense for acquired intangibles     838 $ 706 604
MGM Holdings Inc          
Business Acquisition [Line Items]          
Cash paid, net of cash acquired   $ 6,100      
Debt assumed   2,500      
Video content assets acquired   3,400      
Goodwill   $ 4,900      
1Life Healthcare          
Business Acquisition [Line Items]          
Goodwill $ 2,500        
Aggregate purchase price 3,500        
Amount capitalized to in-process research and development intangible assets $ 1,300        
Series of Individually Immaterial Business Acquisitions          
Business Acquisition [Line Items]          
Cash paid, net of cash acquired     $ 780    
Aggregate purchase price         $ 141
v3.25.0.1
Acquisitions, Goodwill, and Acquired Intangible Assets - Summary of Goodwill Activity by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Goodwill [Roll Forward]    
Goodwill, balance at beginning of period $ 22,789 $ 20,288
Acquisition activity 320 2,494
Other adjustments (35) 7
Goodwill, balance at end of period 23,074 22,789
North America    
Goodwill [Roll Forward]    
Goodwill, balance at beginning of period 19,126 16,621
Acquisition activity 191 2,494
Other adjustments (28) 11
Goodwill, balance at end of period 19,289 19,126
International    
Goodwill [Roll Forward]    
Goodwill, balance at beginning of period 2,412 2,411
Acquisition activity 77 0
Other adjustments (4) 1
Goodwill, balance at end of period 2,485 2,412
AWS    
Goodwill [Roll Forward]    
Goodwill, balance at beginning of period 1,251 1,256
Acquisition activity 52 0
Other adjustments (3) (5)
Goodwill, balance at end of period $ 1,300 $ 1,251
v3.25.0.1
Acquisitions, Goodwill, and Acquired Intangible Assets - Acquired Intangible Assets (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Acquired Finite-Lived Intangible Assets [Line Items]    
Acquired finite-lived intangible assets, gross $ 10,406 $ 8,935
Accumulated amortization (2,967) (2,395)
Acquired finite-lived intangible assets, net 7,439 6,540
Acquired indefinite-lived intangible assets - IPR&D and other 1,163 1,147
Acquired Intangibles, Gross 11,569 10,082
Acquired Intangibles, Net $ 8,602 7,687
Weighted Average Life Remaining 11 years  
Minimum    
Acquired Finite-Lived Intangible Assets [Line Items]    
Intangible assets, estimated useful life 1 year  
Maximum    
Acquired Finite-Lived Intangible Assets [Line Items]    
Intangible assets, estimated useful life 25 years  
Marketing-related    
Acquired Finite-Lived Intangible Assets [Line Items]    
Acquired finite-lived intangible assets, gross $ 2,629 2,643
Accumulated amortization (860) (738)
Acquired finite-lived intangible assets, net $ 1,769 1,905
Weighted Average Life Remaining 16 years 9 months 18 days  
Contract-based    
Acquired Finite-Lived Intangible Assets [Line Items]    
Acquired finite-lived intangible assets, gross $ 5,767 4,800
Accumulated amortization (1,541) (1,129)
Acquired finite-lived intangible assets, net $ 4,226 3,671
Weighted Average Life Remaining 10 years 10 months 24 days  
Technology- and content-based    
Acquired Finite-Lived Intangible Assets [Line Items]    
Acquired finite-lived intangible assets, gross $ 1,246 743
Accumulated amortization (284) (340)
Acquired finite-lived intangible assets, net $ 962 403
Weighted Average Life Remaining 3 years 2 months 12 days  
Customer-related    
Acquired Finite-Lived Intangible Assets [Line Items]    
Acquired finite-lived intangible assets, gross $ 764 749
Accumulated amortization (282) (188)
Acquired finite-lived intangible assets, net $ 482 $ 561
Weighted Average Life Remaining 5 years 8 months 12 days  
v3.25.0.1
Acquisitions, Goodwill, and Acquired Intangible Assets - Expected Future Amortization Expense of Acquired Intangible Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Year Ended December 31,    
2025 $ 994  
2026 918  
2027 796  
2028 632  
2029 615  
Thereafter 3,484  
Acquired finite-lived intangible assets, net $ 7,439 $ 6,540
v3.25.0.1
Debt - Additional Information (Details)
 1 Months Ended 9 Months Ended 12 Months Ended
Oct. 31, 2024
USD ($)
extension
Nov. 30, 2023
USD ($)
Jan. 31, 2023
USD ($)
Nov. 30, 2022
Sep. 30, 2024
Dec. 31, 2024
USD ($)
Dec. 31, 2024
EUR (€)
Dec. 31, 2023
USD ($)
Debt Instrument [Line Items]                
Total face value of long-term debt           $ 58,000,000,000   $ 67,182,000,000
Short-term borrowings outstanding           $ 151,000,000   147,000,000
Term Loan | Loans Payable                
Debt Instrument [Line Items]                
Issuance amount     $ 8,000,000,000.0          
Credit term     364 days          
Term Loan | Secured Overnight Financing Rate | Loans Payable                
Debt Instrument [Line Items]                
Basis spread on variable rate     0.75%          
Commercial Paper                
Debt Instrument [Line Items]                
Credit term           397 days    
Commercial paper, maximum borrowing capacity           $ 20,000,000,000.0 € 3,000,000,000.0  
Commercial paper           0   0
The Credit Agreement | Credit Facility                
Debt Instrument [Line Items]                
Basis spread on variable rate   0.45%            
Commitment fee percentage   0.03%            
Maximum borrowing capacity   $ 15,000,000,000.0            
Short-term borrowings outstanding           0   0
The Credit Agreement | Revolving Credit Facility | Credit Facility                
Debt Instrument [Line Items]                
Credit Agreement, additional term   1 year            
Short Term Credit Agreement | Credit Facility                
Debt Instrument [Line Items]                
Credit term       364 days        
November 2023 Short-Term Credit Agreement | Credit Facility                
Debt Instrument [Line Items]                
Credit term   364 days            
Short-term borrowings outstanding           0   0
October 2024 Short-Term Credit Agreement | Credit Facility                
Debt Instrument [Line Items]                
Basis spread on variable rate 0.45%              
Commitment fee percentage 0.03%              
Credit term 364 days              
Maximum borrowing capacity $ 5,000,000,000.0              
Credit Agreement, additional term 364 days              
Short-term borrowings outstanding           0   0
Credit Agreement, number of extensions | extension 1              
Senior Notes                
Debt Instrument [Line Items]                
Total face value of long-term debt           58,000,000,000.0    
Estimated fair value of notes           50,200,000,000   60,600,000,000
Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Total face value of long-term debt           0   682,000,000
Credit Facility | October 2016 Revolving Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Commitment fee percentage         0.45%      
Borrowings outstanding               $ 682,000,000
Stated interest rate               6.60%
Collateral amount               $ 806,000,000
Credit Facility | October 2016 Revolving Credit Facility | Revolving Credit Facility | LIBOR                
Debt Instrument [Line Items]                
Basis spread on variable rate         1.25%      
Credit Facility | April 2018 Revolving Credit Facility | Letter of credit                
Debt Instrument [Line Items]                
Unused capacity           $ 8,300,000,000    
v3.25.0.1
Debt - Long-Term Debt Obligations (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Total face value of long-term debt $ 58,000 $ 67,182
Less: current portion of long-term debt (5,017) (8,494)
Long-term debt 52,623 58,314
Senior Notes    
Debt Instrument [Line Items]    
Total face value of long-term debt 58,000  
Unamortized discount and issuance costs, net $ (360) (374)
Weighted average remaining lives term 13 years 4 months 24 days  
Senior Notes | 2014 Notes issuance of $6.0 billion    
Debt Instrument [Line Items]    
Issuance amount $ 6,000  
Total face value of long-term debt $ 2,750 4,000
Weighted average remaining lives term 15 years 4 months 24 days  
Senior Notes | 2014 Notes issuance of $6.0 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 4.80%  
Effective Interest Rates 4.93%  
Senior Notes | 2014 Notes issuance of $6.0 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 4.95%  
Effective Interest Rates 5.12%  
Senior Notes | 2017 Notes issuance of $17.0 billion    
Debt Instrument [Line Items]    
Issuance amount $ 17,000  
Total face value of long-term debt $ 13,000 15,000
Weighted average remaining lives term 15 years 2 months 12 days  
Senior Notes | 2017 Notes issuance of $17.0 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 3.15%  
Effective Interest Rates 3.02%  
Senior Notes | 2017 Notes issuance of $17.0 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 5.20%  
Effective Interest Rates 4.33%  
Senior Notes | 2020 Notes issuance of $10.0 billion    
Debt Instrument [Line Items]    
Issuance amount $ 10,000  
Total face value of long-term debt $ 9,000 9,000
Weighted average remaining lives term 16 years 6 months  
Senior Notes | 2020 Notes issuance of $10.0 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 0.80%  
Effective Interest Rates 0.88%  
Senior Notes | 2020 Notes issuance of $10.0 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 2.70%  
Effective Interest Rates 2.77%  
Senior Notes | 2021 Notes issuance of $18.5 billion    
Debt Instrument [Line Items]    
Issuance amount $ 18,500  
Total face value of long-term debt $ 15,000 17,500
Weighted average remaining lives term 14 years 2 months 12 days  
Senior Notes | 2021 Notes issuance of $18.5 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 1.00%  
Effective Interest Rates 1.14%  
Senior Notes | 2021 Notes issuance of $18.5 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 3.25%  
Effective Interest Rates 3.31%  
Senior Notes | April 2022 Notes issuance of $12.8 billion    
Debt Instrument [Line Items]    
Issuance amount $ 12,800  
Total face value of long-term debt $ 11,250 12,750
Weighted average remaining lives term 12 years 9 months 18 days  
Senior Notes | April 2022 Notes issuance of $12.8 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 3.00%  
Effective Interest Rates 3.13%  
Senior Notes | April 2022 Notes issuance of $12.8 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 4.10%  
Effective Interest Rates 4.15%  
Senior Notes | December 2022 Notes issuance of $8.3 billion    
Debt Instrument [Line Items]    
Issuance amount $ 8,300  
Total face value of long-term debt $ 7,000 8,250
Weighted average remaining lives term 4 years 7 months 6 days  
Senior Notes | December 2022 Notes issuance of $8.3 billion | Minimum    
Debt Instrument [Line Items]    
Stated Interest Rates 4.55%  
Effective Interest Rates 4.61%  
Senior Notes | December 2022 Notes issuance of $8.3 billion | Maximum    
Debt Instrument [Line Items]    
Stated Interest Rates 4.70%  
Effective Interest Rates 4.74%  
Credit Facility | Revolving Credit Facility    
Debt Instrument [Line Items]    
Total face value of long-term debt $ 0 $ 682
v3.25.0.1
Debt - Future Principal Payment for Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Year Ended December 31,    
2025 $ 5,000  
2026 2,750  
2027 8,750  
2028 2,250  
2029 3,000  
Thereafter 36,250  
Long-term debt, total $ 58,000 $ 67,182
v3.25.0.1
Commitments and Contingencies - Principal Contractual Commitments Excluding Open Orders (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Long-term debt principal and interest        
2025 $ 6,858      
2026 4,458      
2027 10,404      
2028 3,644      
2029 4,344      
Thereafter 55,831      
Total 85,539      
Operating lease liabilities        
2025 12,002      
2026 11,023      
2027 10,087      
2028 9,205      
2029 8,534      
Thereafter 44,443      
Total 95,294 $ 90,777    
Finance lease liabilities, including interest        
2025 1,491      
2026 1,495      
2027 1,317      
2028 1,114      
2029 1,022      
Thereafter 6,081      
Total 12,520 14,106    
Financing obligations, including interest        
2025 511      
2026 515      
2027 523      
2028 531      
2029 540      
Thereafter 6,397      
Total 9,017      
Other commitments        
2025 2,739      
2026 1,470      
2027 1,016      
2028 923      
2029 1,025      
Thereafter 11,456      
Total 18,629      
Total commitments        
2025 34,832      
2026 30,593      
2027 33,771      
2028 23,991      
2029 23,619      
Thereafter 186,195      
Total 333,001      
Current financing obligations 312 271    
Noncurrent financing obligations $ 7,100 $ 6,600    
Weighted-average remaining term of financing obligations 16 years 1 month 6 days 17 years    
Weighted-average imputed interest rate of financing obligations 3.10% 3.10%    
Accrued tax contingencies $ 6,485 $ 5,228 $ 4,002 $ 3,242
Operating and Finance Leases, Lease Not Yet Commenced        
Leases not yet commenced and Unconditional purchase obligations        
2025 2,695      
2026 3,691      
2027 5,011      
2028 4,253      
2029 4,286      
Thereafter 41,691      
Total 61,627      
Long-Term Agreements to Acquire and License Digital Media Content, Procure Energy and License Software        
Leases not yet commenced and Unconditional purchase obligations        
2025 8,536      
2026 7,941      
2027 5,413      
2028 4,321      
2029 3,868      
Thereafter 20,296      
Total $ 50,375      
v3.25.0.1
Commitments and Contingencies - Legal Proceedings (Details)
€ in Millions, $ in Millions
 1 Months Ended
Aug. 31, 2024
USD ($)
Apr. 30, 2024
USD ($)
Mar. 31, 2023
USD ($)
Apr. 30, 2022
USD ($)
Dec. 31, 2021
EUR (€)
Jul. 31, 2021
EUR (€)
Rensselaer Polytechnic Institute and CF Dynamic Advances LLC | Pending Litigation | Minimum            
Loss Contingencies [Line Items]            
Estimate of possible loss     $ 140      
Rensselaer Polytechnic Institute and CF Dynamic Advances LLC | Pending Litigation | Maximum            
Loss Contingencies [Line Items]            
Estimate of possible loss     $ 267      
Kove IO, Inc. | Settled Litigation            
Loss Contingencies [Line Items]            
Pre-judgment interest   $ 525        
Damages sought $ 148          
BroadbandiTV | Pending Litigation | Minimum            
Loss Contingencies [Line Items]            
Estimate of possible loss       $ 166    
BroadbandiTV | Pending Litigation | Maximum            
Loss Contingencies [Line Items]            
Estimate of possible loss       $ 986    
Luxembourg National Commission Matter | Pending Litigation            
Loss Contingencies [Line Items]            
Estimate of possible loss | €           € 746
Italian Competition Authority Matter | Pending Litigation            
Loss Contingencies [Line Items]            
Estimate of possible loss | €         € 1,130  
v3.25.0.1
Stockholders' Equity - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Class of Stock [Line Items]        
Preferred stock, authorized (in shares) 500,000,000 500,000,000    
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01    
Preferred stock, outstanding (in shares) 0 0    
Common shares outstanding plus underlying outstanding stock awards 10,900,000,000 10,800,000,000 10,600,000,000  
Repurchases of common stock (in shares) 0 0 46,200,000  
Repurchases of common stock     $ 6,000,000,000.0  
Amount remaining under repurchase program $ 6,100,000,000      
Net unrecognized compensation cost related to unvested stock-based compensation arrangements $ 16,200,000,000      
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      
Estimated forfeiture rate 25.60% 26.10% 26.50%  
Common stock available for future issuance to employees (in shares) 1,500,000,000      
March 2022 Program        
Class of Stock [Line Items]        
Stock repurchase, authorized amount       $ 10,000,000,000.0
Restricted Stock Units        
Class of Stock [Line Items]        
Fair value of units vested $ 39,600,000,000 $ 17,600,000,000 $ 12,800,000,000  
Minimum        
Class of Stock [Line Items]        
Award vesting period 2 years      
Maximum        
Class of Stock [Line Items]        
Award vesting period 5 years      
v3.25.0.1
Stockholders' Equity - Stock-based Compensation Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense $ 22,011 $ 24,023 $ 19,621
Tax benefits from stock-based compensation expense 5,000 5,400 4,300
Cost of sales      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense 838 836 757
Fulfillment      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense 2,973 3,090 2,745
Technology and infrastructure      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense 12,150 13,434 10,621
Sales and marketing      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense 4,084 4,623 3,875
General and administrative      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense $ 1,966 $ 2,040 $ 1,623
v3.25.0.1
Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units - $ / shares
shares in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Number of Units      
Beginning balance (in shares) 405.8 384.4 279.9
Units granted (in shares) 126.9 218.1 262.8
Units vested (in shares) (209.7) (139.9) (113.3)
Units forfeited (in shares) (39.9) (56.8) (45.0)
Ending balance (in shares) 283.1 405.8 384.4
Weighted Average Grant-Date Fair Value      
Beginning Balance (in dollars per share) $ 125 $ 144 $ 134
Units granted (in dollars per share) 183 106 142
Units vested (in dollars per share) 132 143 114
Units forfeited (in dollars per share) 133 135 143
Ending Balance (in dollars per share) $ 145 $ 125 $ 144
v3.25.0.1
Stockholders' Equity - Scheduled Vesting for Outstanding Restricted Stock Units (Details) - Restricted Stock Units - shares
shares in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Scheduled vesting — restricted stock units        
2025 (in shares) 146.0      
2026 (in shares) 88.5      
2027 (in shares) 34.3      
2028 (in shares) 11.5      
2029 (in shares) 1.4      
Thereafter (in shares) 1.4      
Total (in shares) 283.1 405.8 384.4 279.9
v3.25.0.1
Income Taxes - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
Provision (benefit) for income taxes, net $ 9,265 $ 7,120 $ (3,217)
Cash taxes paid, net of refunds 12,308 11,179 6,035
Income Taxes [Line Items]      
Income tax benefit recorded in current year related to prior year income taxes   600  
Accrued interest and penalties, net of federal income tax benefit, related to tax contingencies 316 194  
Interest and penalties expense (benefit), net of federal income tax benefit 121 91 (7)
International      
Income Tax Disclosure [Abstract]      
Provision (benefit) for income taxes, net 2,671 $ 2,313 $ 1,522
Income Taxes [Line Items]      
Net operating loss carryforwards $ 9,900    
v3.25.0.1
Income Taxes - Components of Provision for Income Taxes, Net (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
International:      
Provision (benefit) for income taxes, net $ 9,265 $ 7,120 $ (3,217)
U.S. Federal      
U.S. Federal:      
Current 9,039 8,652 2,175
Deferred (4,101) (5,505) (6,686)
International:      
Provision (benefit) for income taxes, net 4,938 3,147 (4,511)
U.S. State      
U.S. State:      
Current 2,109 2,158 1,074
Deferred (453) (498) (1,302)
International:      
Provision (benefit) for income taxes, net 1,656 1,660 (228)
International      
International:      
Current 2,765 2,186 1,682
Deferred (94) 127 (160)
Provision (benefit) for income taxes, net $ 2,671 $ 2,313 $ 1,522
v3.25.0.1
Income Taxes - U.S. and International Components of Income Before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
U.S. $ 61,947 $ 32,328 $ (8,225)
International 6,667 5,229 2,289
Income (loss) before income taxes $ 68,614 $ 37,557 $ (5,936)
v3.25.0.1
Income Taxes - Items Accounting for Differences Between Income Taxes Computed at Federal Statutory Rate and Provision Recorded for Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
Income taxes computed at the federal statutory rate $ 14,409 $ 7,887 $ (1,246)
Effect of:      
Tax impact of foreign earnings and losses 199 594 (370)
State taxes, net of federal benefits 1,306 1,307 (173)
Tax credits (2,805) (2,362) (1,006)
Stock-based compensation (1,688) 1,047 612
Foreign income deduction (2,379) (1,429) (1,258)
Other, net 223 76 224
Provision (benefit) for income taxes, net 9,265 7,120 (3,217)
Excess tax (benefits) deficiency from stock-based compensation $ 2,800 $ 519 $ 33
v3.25.0.1
Income Taxes - Deferred Income Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Loss carryforwards U.S. - Federal/States $ 692 $ 610
Loss carryforwards - Foreign 2,687 2,796
Accrued liabilities, reserves, and other expenses 4,254 3,751
Stock-based compensation 4,089 5,279
Depreciation and amortization 1,133 1,114
Operating lease liabilities 20,921 19,922
Capitalized research and development 22,701 14,800
Other items 1,688 745
Tax credits 1,773 1,582
Total gross deferred tax assets 59,938 50,599
Less valuation allowance (4,893) (4,811)
Deferred tax assets, net of valuation allowances 55,045 45,788
Deferred tax liabilities:    
Depreciation and amortization (16,240) (12,454)
Operating lease assets (19,517) (18,648)
Other items (3,323) (1,489)
Net deferred tax assets (liabilities), net of valuation allowances $ 15,965 $ 13,197
v3.25.0.1
Income Taxes - Reconciliation of Income Tax Contingencies (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]      
Gross tax contingencies – beginning of period $ 5,228 $ 4,002 $ 3,242
Gross increases to tax positions in prior periods 154 440 274
Gross decreases to tax positions in prior periods (129) (38) (172)
Gross increases to current period tax positions 1,392 1,009 706
Settlements with tax authorities (9) (106) (20)
Lapse of statute of limitations (151) (79) (28)
Gross tax contingencies - end of period 6,485 $ 5,228 $ 4,002
Tax contingencies, that if fully recognized, would decrease our effective tax rate $ 4,400    
v3.25.0.1
Segment Information - Additional Information (Details)
$ in Billions
 12 Months Ended
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Segment Reporting [Abstract]      
Number of operating segments | segment 3    
United States      
Segment Reporting Information [Line Items]      
Property and equipment, net and operating leases $ 241.6 $ 196.0 $ 180.0
Rest of world      
Segment Reporting Information [Line Items]      
Property and equipment, net and operating leases $ 87.2 $ 80.7 $ 72.9
v3.25.0.1
Segment Information - Reportable Segments and Reconciliation to Consolidated Net Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Net sales $ 637,959 $ 574,785 $ 513,983
Operating expenses 569,366 537,933 501,735
Operating Income (Loss) 68,593 36,852 12,248
Total non-operating income (expense) 21 705 (18,184)
Benefit (provision) for income taxes (9,265) (7,120) 3,217
Equity-method investment activity, net of tax (101) (12) (3)
Net income (loss) 59,248 30,425 (2,722)
North America      
Segment Reporting Information [Line Items]      
Net sales 387,497 352,828 315,880
Operating expenses 362,530 337,951 318,727
Operating Income (Loss) 24,967 14,877 (2,847)
International      
Segment Reporting Information [Line Items]      
Net sales 142,906 131,200 118,007
Operating expenses 139,114 133,856 125,753
Operating Income (Loss) 3,792 (2,656) (7,746)
AWS      
Segment Reporting Information [Line Items]      
Net sales 107,556 90,757 80,096
Operating expenses 67,722 66,126 57,255
Operating Income (Loss) $ 39,834 $ 24,631 $ 22,841
v3.25.0.1
Segment Information - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disaggregation of Revenue [Line Items]      
Net sales $ 637,959 $ 574,785 $ 513,983
Online stores      
Disaggregation of Revenue [Line Items]      
Net sales 247,029 231,872 220,004
Physical stores      
Disaggregation of Revenue [Line Items]      
Net sales 21,215 20,030 18,963
Third-party seller services      
Disaggregation of Revenue [Line Items]      
Net sales 156,146 140,053 117,716
Advertising services      
Disaggregation of Revenue [Line Items]      
Net sales 56,214 46,906 37,739
Subscription services      
Disaggregation of Revenue [Line Items]      
Net sales 44,374 40,209 35,218
AWS      
Disaggregation of Revenue [Line Items]      
Net sales 107,556 90,757 80,096
Other      
Disaggregation of Revenue [Line Items]      
Net sales $ 5,425 $ 4,958 $ 4,247
v3.25.0.1
Segment Information - Net Sales Attributed to Countries Representing Portion of Consolidated Net Sales (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting, Revenue Reconciling Item      
Net sales $ 637,959 $ 574,785 $ 513,983
United States      
Segment Reporting, Revenue Reconciling Item      
Net sales 438,015 395,637 356,113
Germany      
Segment Reporting, Revenue Reconciling Item      
Net sales 40,856 37,588 33,598
United Kingdom      
Segment Reporting, Revenue Reconciling Item      
Net sales 37,855 33,591 30,074
Japan      
Segment Reporting, Revenue Reconciling Item      
Net sales 27,401 26,002 24,396
Rest of world      
Segment Reporting, Revenue Reconciling Item      
Net sales $ 93,832 $ 81,967 $ 69,802
v3.25.0.1
Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]      
Total assets $ 624,894 $ 527,854 $ 462,675
Operating Segments | North America      
Segment Reporting, Asset Reconciling Item [Line Items]      
Total assets 210,120 196,029 185,268
Operating Segments | International      
Segment Reporting, Asset Reconciling Item [Line Items]      
Total assets 69,487 69,718 64,666
Operating Segments | AWS      
Segment Reporting, Asset Reconciling Item [Line Items]      
Total assets 155,953 108,533 88,491
Corporate      
Segment Reporting, Asset Reconciling Item [Line Items]      
Total assets $ 189,334 $ 153,574 $ 124,250
v3.25.0.1
Segment Information - Reconciliation of Property and Equipment from Segments to Consolidated (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting, Other Significant Reconciling Item [Line Items]      
Property and equipment, net $ 252,665 $ 204,177 $ 186,715
Operating Segments | North America      
Segment Reporting, Other Significant Reconciling Item [Line Items]      
Property and equipment, net 103,041 93,632 90,076
Operating Segments | International      
Segment Reporting, Other Significant Reconciling Item [Line Items]      
Property and equipment, net 25,618 24,357 23,347
Operating Segments | AWS      
Segment Reporting, Other Significant Reconciling Item [Line Items]      
Property and equipment, net 110,683 72,701 60,324
Corporate      
Segment Reporting, Other Significant Reconciling Item [Line Items]      
Property and equipment, net $ 13,323 $ 13,487 $ 12,968
v3.25.0.1
Segment Information - Reconciliation of Property and Equipment Additions from Segments to Consolidated (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Property and equipment additions $ 85,752 $ 48,344 $ 60,836
Operating Segments | North America      
Segment Reporting Information [Line Items]      
Property and equipment additions 24,348 17,529 23,682
Operating Segments | International      
Segment Reporting Information [Line Items]      
Property and equipment additions 6,643 4,144 6,711
Operating Segments | AWS      
Segment Reporting Information [Line Items]      
Property and equipment additions 53,267 24,843 27,755
Operating Segments | AWS | Assets held under finance leases      
Segment Reporting Information [Line Items]      
Property and equipment additions 238 117 253
Operating Segments | AWS | Assets under financing obligations      
Segment Reporting Information [Line Items]      
Property and equipment additions 8 1 20
Operating Segments | North America and International | Assets held under finance leases      
Segment Reporting Information [Line Items]      
Property and equipment additions 616 525 422
Operating Segments | North America and International | Assets under financing obligations      
Segment Reporting Information [Line Items]      
Property and equipment additions 89 356 3,200
Corporate      
Segment Reporting Information [Line Items]      
Property and equipment additions $ 1,494 $ 1,828 $ 2,688
v3.25.0.1
Segment Information - Depreciation and Amortization Expense, by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Depreciation and amortization expense $ 32,067 $ 30,225 $ 24,924
North America      
Segment Reporting Information [Line Items]      
Depreciation and amortization expense 14,285 13,678 11,565
International      
Segment Reporting Information [Line Items]      
Depreciation and amortization expense 4,462 4,016 3,483
AWS      
Segment Reporting Information [Line Items]      
Depreciation and amortization expense $ 13,320 $ 12,531 $ 9,876