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Amazon AMZN Q1 2026 earnings

Reported April 29, 2026 · After market close

Revenue$181.52BBeat by $4.2B
EPS$2.78Beat by $1.15
Revenue estimate$177.28B
EPS estimate$1.63
“We’re making customers’ lives easier and better every day across all our businesses, and their response is driving significant growth, AWS is growing 28% (our fastest growth in 15 quarters) on a very large base, our chips business topped a $20 billion revenue run rate (growing triple digits year-over-year), Advertising grew to over $70 billion in TTM revenue, and unit growth in our Stores reached 15% (the highest since the tail end of covid lockdowns). We also hit exciting milestones with delivery speed (more than 1 billion items same-day or overnight in 2026 and counting), Project Hail Mary (nearly $615 million at the box office to date and the second most successful non-sequel, non-franchise opening of recent memory), and Amazon Leo continues to resonate with prospective customers, with Delta Airlines the latest to sign on. We’re in the middle of some of the biggest inflections of our lifetime, we’re well positioned to lead, and I’m very optimistic about what’s ahead for our customers and Amazon.”
Andy Jassy

Next report

Oct 29, 2026 (In 3 weeks)
Revenue estimate$202.03B
EPS estimate$1.96

Financials

Q1 2026

Income statement

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Revenue$181.52B+16.6%
Gross profit$94.1B+19.5%
Operating income$23.9B+29.6%
Net income$30.3B+76.7%
EPS (diluted)$2.78+74.8%

Balance sheet

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Cash & equivalents$101.82B+53.8%
Total debt$232.71B+52.2%
Total equity$441.91B+44.5%
Total assets$916.63B+42.5%

Cash flow

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Operating cash flow$26.0B+53.0%
CapEx$44.2B+76.7%
Free cash flow-$18.2B-127%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$2.24T+10.9%
Enterprise value$2.37T+12.5%
P/E28.3×-2.3×
P/S3×-0.1×

Profitability

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Gross margin50.6%+1.4pp
Operating margin11.5%+0.5pp
Net margin10.6%+0.5pp
FCF margin1.4%-1.8pp

Returns & leverage

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Return on equity21.1%-4.1pp
Debt / equity0.5×0.0×
Current ratio1.2×+0.1×

Segments

By product

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Online stores$64.3B+11.9%
Third-party seller services$41.6B+13.9%
AWS$37.6B+28.4%
Advertising services$17.2B+23.9%
Subscription services$13.4B+14.6%

By segment

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North America$104.14B+12.1%
International$39.8B+18.7%
AWS$37.6B+28.4%

FAQ

When did Amazon report Q1 2026 earnings?
Amazon (AMZN) reported Q1 2026 earnings on April 29, 2026 after market close.
What were Amazon's Q1 2026 revenue and EPS?
Amazon reported revenue of $181.52B and eps of $2.78 for Q1 2026.
Did Amazon beat estimates in Q1 2026?
Revenue beat the consensus estimate of $177.28B by $4.2B. EPS beat the consensus estimate of $1.63 by $1.15.
How did Amazon's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 16.6% from $155.67B a year earlier and eps grew 74.8% from $1.59.
Where can I find Amazon's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001018724-26-000012) and the 10-Q periodic report (0001018724-26-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.