Amazon North America — Operating Expenses decreased by 17.1% to $95.88B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.1%, from $87.05B to $95.88B. Over 4 years (FY 2021 to FY 2025), North America — Operating Expenses shows an upward trend with a 9.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase relative to sales may signal rising labor or shipping costs, while a decrease suggests improved operational efficiency or economies of scale.
The total costs incurred to operate the North American segment, including cost of sales, fulfillment, marketing, and tec...
Comparable to the cost of goods sold plus SG&A for large-scale logistics and retail peers.
amzn_segment_north_america_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $64.40B | $64.68B | $82.57B | $70.81B | $75.06B | $79.26B | $93.60B | $75.98B | $79.34B | $83.58B | $99.05B | $81.36B | $84.97B | $89.87B | $106.33B | $87.05B | $92.55B | $101.48B | $115.61B | $95.88B |
| QoQ Change | — | +0.4% | +27.7% | -14.2% | +6.0% | +5.6% | +18.1% | -18.8% | +4.4% | +5.4% | +18.5% | -17.9% | +4.4% | +5.8% | +18.3% | -18.1% | +6.3% | +9.6% | +13.9% | -17.1% |
| YoY Change | — | — | — | — | +16.5% | +22.5% | +13.4% | +7.3% | +5.7% | +5.5% | +5.8% | +7.1% | +7.1% | +7.5% | +7.3% | +7.0% | +8.9% | +12.9% | +8.7% | +10.1% |