AWS — Operating Expenses
Business Segments · Operating ExpensesAmazon AWS — Operating Expenses increased by 7.1% to $23.11B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 27.3%, from $18.15B to $23.11B. Over 4 years (FY 2021 to FY 2025), AWS — Operating Expenses shows an upward trend with a 17.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2015
Last reportedQ4 2025
Rolls up toTotal Operating Expenses
How to read this metric
An increase relative to sales may indicate aggressive investment in infrastructure or rising energy costs, while a decrease suggests improved operational efficiency.
Detailed definition
The total costs incurred to run the cloud business, including data center maintenance, energy costs, research and develo...
Peer comparison
Comparable to the cost of revenue and OpEx reported by other hyperscale cloud providers.
Metric ID:
amzn_segment_aws_operating_expensesHistorical Data
19 periods
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.62B | $11.23B | $12.49B | $11.92B | $14.02B | $15.14B | $16.17B | $16.23B | $16.78B | $16.08B | $17.04B | $15.62B | $16.95B | $17.01B | $18.15B | $17.72B | $20.71B | $21.57B | $23.11B |
| QoQ Change | — | +5.8% | +11.2% | -4.5% | +17.6% | +7.9% | +6.9% | +0.4% | +3.4% | -4.1% | +5.9% | -8.3% | +8.5% | +0.3% | +6.8% | -2.4% | +16.9% | +4.1% | +7.1% |
| YoY Change | — | — | — | — | +32.1% | +34.8% | +29.5% | +36.1% | +19.6% | +6.3% | +5.3% | -3.8% | +1.0% | +5.7% | +6.6% | +13.5% | +22.2% | +26.9% | +27.3% |
Range$10.62B – $23.11B
CAGR+18.9%
Avg YoY Growth+17.5%
Median YoY Growth+19.6%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Amazon's aws — operating expenses?
- Amazon (AMZN) reported aws — operating expenses of $23.11B in Q4 2025.
- How has Amazon's aws — operating expenses changed year-over-year?
- Amazon's aws — operating expenses increased by 27.3% year-over-year, from $18.15B to $23.11B.
- What is the long-term trend for Amazon's aws — operating expenses?
- Over 4 years (2021 to 2025), Amazon's aws — operating expenses has grown at a 17.5% compound annual growth rate (CAGR), from $43.67B to $83.12B.
- What does aws — operating expenses mean?
- The total cost of running the cloud computing business, including staff and data center power.