North America — Operating Expenses
Amazon North America — Operating Expenses increased by 13.9% to $115.61B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.7%, from $106.33B to $115.61B. Over 4 years (FY 2021 to FY 2025), North America — Operating Expenses shows an upward trend with a 9.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to sales may signal rising labor or shipping costs, while a decrease suggests improved operational efficiency or economies of scale.
Detailed definition
The total costs incurred to operate the North American segment, including cost of sales, fulfillment, marketing, and tec...
Peer comparison
Comparable to the cost of goods sold plus SG&A for large-scale logistics and retail peers.
amzn_segment_north_america_operating_expensesHistorical Data
| 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 | $64.40B | $64.68B | $82.57B | $70.81B | $75.06B | $79.26B | $93.60B | $75.98B | $79.34B | $83.58B | $99.05B | $81.36B | $84.97B | $89.87B | $106.33B | $87.05B | $92.55B | $101.48B | $115.61B |
| QoQ Change | — | +0.4% | +27.7% | -14.2% | +6.0% | +5.6% | +18.1% | -18.8% | +4.4% | +5.4% | +18.5% | -17.9% | +4.4% | +5.8% | +18.3% | -18.1% | +6.3% | +9.6% | +13.9% |
| YoY Change | — | — | — | — | +16.5% | +22.5% | +13.4% | +7.3% | +5.7% | +5.5% | +5.8% | +7.1% | +7.1% | +7.5% | +7.3% | +7.0% | +8.9% | +12.9% | +8.7% |
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Frequently Asked Questions
- What is Amazon's north america — operating expenses?
- Amazon (AMZN) reported north america — operating expenses of $115.61B in Q4 2025.
- How has Amazon's north america — operating expenses changed year-over-year?
- Amazon's north america — operating expenses increased by 8.7% year-over-year, from $106.33B to $115.61B.
- What is the long-term trend for Amazon's north america — operating expenses?
- Over 4 years (2021 to 2025), Amazon's north america — operating expenses has grown at a 9.8% compound annual growth rate (CAGR), from $272.56B to $396.69B.
- What does north america — operating expenses mean?
- The total cost of running the company's business operations in North America.