Amazon North America — Depreciation and amortization expense increased by 5.7% to $4.23B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.8%, from $3.78B to $4.23B. Over 4 years (FY 2021 to FY 2025), North America — Depreciation and amortization expense shows an upward trend with a 13.8% CAGR.
Rising expenses indicate a period of heavy past capital expenditure, while a decline might suggest an aging asset base or a slowdown in infrastructure investment.
The non-cash expense representing the systematic allocation of the cost of tangible and intangible assets over their use...
Reflects the capital-heavy nature of the business, comparable to depreciation at industrial or transportation companies.
amzn_segment_north_america_depreciation_and_amortization_expense| 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 | $2.31B | $2.31B | $2.31B | $2.89B | $2.89B | $2.89B | $2.89B | $3.42B | $3.42B | $3.42B | $3.42B | $3.37B | $3.52B | $3.61B | $3.78B | $3.53B | $3.74B | $4.00B | $4.23B |
| QoQ Change | — | +0.0% | +0.0% | +25.2% | +0.0% | +0.0% | +0.0% | +18.3% | +0.0% | +0.0% | +0.0% | -1.4% | +4.3% | +2.7% | +4.8% | -6.7% | +6.0% | +6.9% | +5.7% |
| YoY Change | — | — | — | — | +25.2% | +25.2% | +25.2% | +18.3% | +18.3% | +18.3% | +18.3% | -1.4% | +2.9% | +5.6% | +10.7% | +4.7% | +6.4% | +10.8% | +11.8% |
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