What is Amazon's AWS — PP&E (net)?

Amazon (AMZN) reported AWS — PP&E (net) of $223.06B in Q1 2026.

How has Amazon's AWS — PP&E (net) changed year-over-year?

Amazon's AWS — PP&E (net) increased by 70.4% year-over-year, from $130.92B to $223.06B.

What does AWS — PP&E (net) mean?

The carrying value of tangible long-lived assets, such as data centers, servers, and networking hardware, allocated to the cloud computing segment after accounting for accumulated depreciation. This metric represents the core physical infrastructure required to deliver cloud services and reflects the scale of the segment's technological footprint.

Amazon AMZN AWS — PP&E (Net)

Other segment segments

North America

$129.24B+26.3%

International

$30.9B+18.1%

Similar metrics at other companies

MSFTPP&E (Net)

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$631.08M+22.8%

MOVEAI Platform And Services — PP&E (Net)

$29M—

MHHCA — PP&E (Net)

$148K-41.7%

RBRKPP&E (Net)

$86.5M+57.5%

Other financials

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

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Market cap$2.51T+1.9%

Enterprise value$2.64T+3.2%

P/E31.8×-3.1×

P/S3.4×-0.3×

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×

Where this comes from

Reported directly by Amazon in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

The official record: Amazon’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amazon's AWS — PP&E (net)?: Amazon (AMZN) reported AWS — PP&E (net) of $223.06B in Q1 2026.
How has Amazon's AWS — PP&E (net) changed year-over-year?: Amazon's AWS — PP&E (net) increased by 70.4% year-over-year, from $130.92B to $223.06B.
What does AWS — PP&E (net) mean?: The carrying value of tangible long-lived assets, such as data centers, servers, and networking hardware, allocated to the cloud computing segment after accounting for accumulated depreciation. This metric represents the core physical infrastructure required to deliver cloud services and reflects the scale of the segment's technological footprint.