What is Amazon's deferred taxes?

Amazon (AMZN) reported deferred taxes of $12.8B in Q1 2026.

How has Amazon's deferred taxes changed year-over-year?

Amazon's deferred taxes increased by 2424.3% year-over-year, from $507M to $12.8B.

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

Over 4 years (2021 to 2025), Amazon's deferred taxes has grown at a 79.3% compound annual growth rate (CAGR), from -$310M to -$3.2B.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Amazon AMZN Deferred Taxes

Deferred Taxes at other companies

TargetTGT

$173M+381%

MicrosoftMSFT

$2.6B+216%

eBayEBAY

$21M-30.0%

Mercado LibreMELI

-$261M-335%

Meta Platforms, Inc.META

$123M+112%

MongoDBMDB

$19K-24.0%

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+13.9%

Enterprise value$2.69T+14.8%

P/E32.4×+0.6×

P/S3.5×+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:DeferredIncomeTaxExpenseBenefit.

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 deferred taxes?: Amazon (AMZN) reported deferred taxes of $12.8B in Q1 2026.
How has Amazon's deferred taxes changed year-over-year?: Amazon's deferred taxes increased by 2424.3% year-over-year, from $507M to $12.8B.
What is the long-term trend for Amazon's deferred taxes?: Over 4 years (2021 to 2025), Amazon's deferred taxes has grown at a 79.3% compound annual growth rate (CAGR), from -$310M to -$3.2B.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.