What is Amazon's capex?

Amazon (AMZN) reported capex of $44.2B in Q1 2026.

How has Amazon's capex changed year-over-year?

Amazon's capex increased by 76.7% year-over-year, from $25.02B to $44.2B.

What is the long-term trend for Amazon's capex?

Over 4 years (2021 to 2025), Amazon's capex has grown at a 11.1% compound annual growth rate (CAGR), from $61.05B to $93.09B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Amazon AMZN CapEx

CapEx at other companies

DillardsDDS

$17.21M+2.1%

Walmart WMT

$6.68B+34.1%

AppleAAPL

$1.97B-35.8%

MicrosoftMSFT

$30.88B+84.4%

Costco WholesaleCOST

$4.23B+19.7%

eBayEBAY

$72M-35.1%

Other financials

Income statement

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Revenue$181.52B+16.6%

Gross profit$94.1B+19.5%

Operating income$23.9B+29.6%

Net income$30.3B+76.7%

EPS (diluted)$2.78+74.8%

Balance sheet

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Cash & equivalents$101.82B+53.8%

Total debt$232.71B+52.2%

Total equity$441.91B+44.5%

Total assets$916.63B+42.5%

Cash flow

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Operating cash flow$26.0B+53.0%

Free cash flow-$18.2B-127%

Valuation

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Market cap$2.44T+9.7%

Enterprise value$2.57T+11.2%

P/E30.9×-2.9×

P/S3.3×-0.1×

Profitability

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Gross margin50.6%+1.4pp

Operating margin11.5%+0.5pp

Net margin10.6%+0.5pp

FCF margin1.4%-1.8pp

Returns & leverage

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Return on equity21.1%-4.1pp

Debt / equity0.5×0.0×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by Amazon in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Amazon’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amazon's capex?: Amazon (AMZN) reported capex of $44.2B in Q1 2026.
How has Amazon's capex changed year-over-year?: Amazon's capex increased by 76.7% year-over-year, from $25.02B to $44.2B.
What is the long-term trend for Amazon's capex?: Over 4 years (2021 to 2025), Amazon's capex has grown at a 11.1% compound annual growth rate (CAGR), from $61.05B to $93.09B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.