What is Amazon's deferred revenue?

Amazon (AMZN) reported deferred revenue of $20.89B in Q1 2026.

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

Amazon's deferred revenue increased by 1.4% year-over-year, from $20.6B to $20.89B.

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

Over 5 years (2020 to 2025), Amazon's deferred revenue has grown at a 16.2% compound annual growth rate (CAGR), from $9.71B to $20.58B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Amazon AMZN Deferred Revenue

Deferred Revenue at other companies

AppleAAPL

$9.33B+4.0%

MicrosoftMSFT

$50.92B+14.1%

Costco WholesaleCOST

$3.16B+7.7%

eBayEBAY

$50M+25.0%

NetflixNFLX

$1.74B+8.3%

MongoDBMDB

$341.08M+15.3%

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$2.66T+12.0%

Enterprise value$2.79T+12.9%

P/E33.6×0.0×

P/S3.6×0.0×

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:ContractWithCustomerLiabilityCurrent.

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 revenue?: Amazon (AMZN) reported deferred revenue of $20.89B in Q1 2026.
How has Amazon's deferred revenue changed year-over-year?: Amazon's deferred revenue increased by 1.4% year-over-year, from $20.6B to $20.89B.
What is the long-term trend for Amazon's deferred revenue?: Over 5 years (2020 to 2025), Amazon's deferred revenue has grown at a 16.2% compound annual growth rate (CAGR), from $9.71B to $20.58B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.