What is Amazon's operating cash flow?

Amazon (AMZN) reported operating cash flow of $26.03B in Q1 2026.

How has Amazon's operating cash flow changed year-over-year?

Amazon's operating cash flow increased by 53.0% year-over-year, from $17.02B to $26.03B.

What is the long-term trend for Amazon's operating cash flow?

Over 4 years (2021 to 2025), Amazon's operating cash flow has grown at a 25.2% compound annual growth rate (CAGR), from $46.33B to $113.90B.

What does operating cash flow mean?

The amount of cash a company generates from its regular business activities.

Operating

Operating Cash Flow

Amazon Operating Cash Flow decreased by 9.8% to $26.03B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 53.0%, from $17.02B to $26.03B. Over 4 years (FY 2021 to FY 2025), Operating Cash Flow shows an upward trend with a 25.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementCash Flow Statement

SectionOperating

CategoryEfficiency

SignalHigher is better

VolatilityModerate

First reportedQ1 2007

Last reportedQ1 2026Apr 30, 2026

Rolls up to

Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation

Breaks down into(Q1 2026)

Net Income (Loss) Attributable to Parent$30.26B

Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other$18.95B

Stock-based compensation$4.03B

How to read this metric

An increase indicates strong operational efficiency and cash generation, while a decrease may signal operational challenges or issues with working capital management.

Detailed definition

This metric represents the total cash generated or consumed by a company's core business operations during a specific pe...

Peer comparison

Standard across all industries; peers in the medical device and diagnostics sector typically maintain high conversion ratios of net income to operating cash flow.

Metric ID: net_cash_from_operating

Historical Data

20 periods

	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	Q1 '26
Value	$12.72B	$7.31B	$22.09B	-$2.79B	$8.97B	$11.40B	$29.17B	$4.79B	$16.48B	$21.22B	$42.47B	$18.99B	$25.28B	$25.97B	$45.64B	$17.02B	$32.52B	$35.53B	$28.85B	$26.03B
QoQ Change	—	-42.5%	+202.0%	-112.6%	+421.3%	+27.2%	+155.8%	-83.6%	+244.1%	+28.8%	+100.1%	-55.3%	+33.1%	+2.7%	+75.7%	-62.7%	+91.1%	+9.3%	-18.8%	-9.8%
YoY Change	—	—	—	—	-29.5%	+55.9%	+32.1%	+271.6%	+83.8%	+86.0%	+45.6%	+296.6%	+53.4%	+22.4%	+7.5%	-10.4%	+28.6%	+36.8%	-36.8%	+53.0%

Range-$2.79B – $45.64B

CAGR+16.3%

Avg YoY Growth+62.3%

Median YoY Growth+41.2%

Current Streak2 quarters decline

Operating Cash Flow at Other Companies

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Frequently Asked Questions

What is Amazon's operating cash flow?: Amazon (AMZN) reported operating cash flow of $26.03B in Q1 2026.
How has Amazon's operating cash flow changed year-over-year?: Amazon's operating cash flow increased by 53.0% year-over-year, from $17.02B to $26.03B.
What is the long-term trend for Amazon's operating cash flow?: Over 4 years (2021 to 2025), Amazon's operating cash flow has grown at a 25.2% compound annual growth rate (CAGR), from $46.33B to $113.90B.
What does operating cash flow mean?: The amount of cash a company generates from its regular business activities.