What is Amazon's change in inventories?

Amazon (AMZN) reported change in inventories of -$1.62B in Q1 2026.

How has Amazon's change in inventories changed year-over-year?

Amazon's change in inventories decreased by 232.7% year-over-year, from $1.22B to -$1.62B.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Amazon AMZN Change in Inventories

Change in Inventories at other companies

TargetTGT

$13M-95.8%

AppleAAPL

$873M+236%

MicrosoftMSFT

$161M+410%

Costco WholesaleCOST

$1.24B+4,860%

Mercado LibreMELI

$88M+91.3%

Walmart WMT

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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%

CapEx$44.2B+76.7%

Free cash flow-$18.2B-127%

Valuation

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Market cap$2.56T+11.2%

Enterprise value$2.69T+12.2%

P/E32.4×-0.2×

P/S3.5×0.0×

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:IncreaseDecreaseInInventories.

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 change in inventories?: Amazon (AMZN) reported change in inventories of -$1.62B in Q1 2026.
How has Amazon's change in inventories changed year-over-year?: Amazon's change in inventories decreased by 232.7% year-over-year, from $1.22B to -$1.62B.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.