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Amazon AMZN Net service sales — Net Sales

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Net product sales$63,970$71,304
Net service sales91,697110,215
Total net sales155,667181,519
Operating expenses:
Cost of sales76,97687,463
Fulfillment24,59327,289
Technology and infrastructure22,99429,567
Sales and marketing9,76310,314

Item 1. Financial Statements

FAQ

What is Amazon's net service sales — net sales?
Amazon (AMZN) reported net service sales — net sales of $110.22B in Q1 2026.
How has Amazon's net service sales — net sales changed year-over-year?
Amazon's net service sales — net sales increased by 20.2% year-over-year, from $91.7B to $110.22B.
What is the long-term trend for Amazon's net service sales — net sales?
Over 4 years (2021 to 2025), Amazon's net service sales — net sales has grown at a 16.5% compound annual growth rate (CAGR), from $228.04B to $420.66B.
What does net service sales — net sales mean?
This metric represents the total revenue generated from non-product offerings, including third-party seller fees, Amazon Web Services (AWS) cloud subscriptions, advertising placements, and Prime memberships. It reflects the company's strategic shift toward high-margin, recurring service-based revenue streams that leverage its existing logistics and digital infrastructure. This figure is reported net of any customer incentives, discounts, or refunds associated with these service contracts.

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