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Amazon AMZN International — Operating Expenses

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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$2.92T+29.4%
Enterprise value$2.97T+26.3%
P/E23.6×-8.3×
P/S3.8×+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:CostsAndExpenses.

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
Operating income$5,841$8,267
International
Net sales$33,513$39,789
Operating expenses32,49638,365
Operating income$1,017$1,424
AWS
Net sales$29,267$37,587
Operating expenses17,72023,426

Item 1. Financial Statements

FAQ

What is Amazon's international — operating expenses?
Amazon (AMZN) reported international — operating expenses of $38.37B in Q1 2026.
How has Amazon's international — operating expenses changed year-over-year?
Amazon's international — operating expenses increased by 18.1% year-over-year, from $32.5B to $38.37B.
What is the long-term trend for Amazon's international — operating expenses?
Over 4 years (2021 to 2025), Amazon's international — operating expenses has grown at a 5.1% compound annual growth rate (CAGR), from $128.71B to $157.14B.
What does international — operating expenses mean?
The total costs incurred to operate the international retail business, including fulfillment, marketing, technology, and general administrative costs. These expenses reflect the investment required to maintain logistics networks and localized digital storefronts outside the domestic market.

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