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Amazon AMZN AWS — Operating Income (Loss)

Other segment segments

North America
$8.27B+41.5%
International
$1.42B+40.0%

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Other financials

Income statement

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Revenue$200.61B+19.6%
Gross profit$104.83B+20.6%
Operating income$27.5B+43.2%
Net income$62.6B+245%
EPS (diluted)$5.75+242%

Balance sheet

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Cash & equivalents$78.2B+35.5%
Total debt$128.89B-16.6%
Total equity$551.62B+65.3%
Total assets$1.10T+60.6%

Cash flow

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Operating cash flow$45.4B+39.6%
CapEx-$54.2B-268%
Free cash flow-$8.8B-2,757%

Valuation

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Market cap$2.53T+1.9%
Enterprise value$2.58T+0.1%
P/E20.5×-14.7×
P/S3.3×-0.4×

Profitability

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Gross margin50.8%+1.2pp
Operating margin12.1%+0.7pp
Net margin15.9%+5.4pp
FCF margin0.2%-1.8pp

Returns & leverage

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Return on equity27.9%+3.1pp
Debt / equity0.2×-0.2×
Current ratio0.0×

Where this comes from

Reported directly by Amazon in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Amazon’s 10-Q, filed April 30, 2026.

Filed
Apr 29, 2026, 6:48 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001018724-26-000014
Line itemThree Months Ended March 31, 2025Three Months Ended March 31, 2026
AWS
Net sales$29,267$37,587
Operating expenses17,72023,426
Operating income$11,547$14,161
Consolidated
Net sales$155,667$181,519
Operating expenses137,262157,667
Operating income18,40523,852

Item 1. Financial Statements

FAQ

What is Amazon's AWS — operating income (loss)?
Amazon (AMZN) reported AWS — operating income (loss) of $14.16B in Q1 2026.
How has Amazon's AWS — operating income (loss) changed year-over-year?
Amazon's AWS — operating income (loss) increased by 22.6% year-over-year, from $11.55B to $14.16B.
What is the long-term trend for Amazon's AWS — operating income (loss)?
Over 4 years (2021 to 2025), Amazon's AWS — operating income (loss) has grown at a 25.2% compound annual growth rate (CAGR), from $18.53B to $45.61B.
What does AWS — operating income (loss) mean?
The profit or loss generated by the cloud segment after deducting operating expenses from net sales. This is a key indicator of the segment's core profitability and its ability to fund its own capital-intensive infrastructure requirements.

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