Amazon AWS — PP&E (Net) increased by 15.1% to $190.06B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 71.7%, from $110.68B to $190.06B.
An increase indicates continued investment in infrastructure to support demand, while a decrease may suggest asset aging or a shift toward more capital-efficient operations.
The carrying value of tangible long-lived assets, such as data centers, servers, and networking hardware, allocated to t...
Peers like Microsoft (Azure) or Google Cloud maintain similar asset bases, though reporting granularity for specific cloud hardware varies.
amzn_segment_aws_property_and_equipment_net| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|
| Value | $43.25B | $60.32B | $72.70B | $110.68B | $130.92B | $140.64B | $165.11B | $190.06B |
| QoQ Change | — | +39.5% | +20.5% | +52.2% | +18.3% | +7.4% | +17.4% | +15.1% |
| YoY Change | — | +39.5% | +20.5% | +52.2% | — | — | — | +71.7% |
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