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Amazon AMZN North America — 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
North America
Net sales$92,887$104,143
Operating expenses87,04695,876
Operating income$5,841$8,267
International
Net sales$33,513$39,789
Operating expenses32,49638,365
Operating income$1,017$1,424

Item 1. Financial Statements

FAQ

What is Amazon's north america — operating expenses?
Amazon (AMZN) reported north america — operating expenses of $95.88B in Q1 2026.
How has Amazon's north america — operating expenses changed year-over-year?
Amazon's north america — operating expenses increased by 10.1% year-over-year, from $87.05B to $95.88B.
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 costs incurred to operate the North American segment, including cost of sales, fulfillment, marketing, and technology infrastructure. It reflects the operational efficiency of the logistics network and the overhead required to support regional retail and subscription activities.

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