Technology & Infrastructure

Operating Expenses

Amazon Technology & Infrastructure increased by 1.5% to $29.40B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 24.7%, from $23.57B to $29.40B. Over 3 years (FY 2021 to FY 2025), Technology & Infrastructure shows an upward trend with a 24.6% CAGR.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ1 2021
Last reportedQ4 2025

How to read this metric

High spending signals aggressive investment in future innovation and cloud capacity, which is critical for maintaining a competitive edge in tech.

Detailed definition

Expenses related to the design, development, and maintenance of technology platforms and the physical infrastructure req...

Peer comparison

Comparable to R&D and CapEx-heavy operating expenses at Microsoft (Azure) or Alphabet (Google Cloud).

Metric ID: is_amzn_technology_and_infrastructure

Historical Data

17 periods
 Q2 '21Q3 '21Q4 '21Q2 '22Q3 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$14.01B$14.01B$14.01B$18.07B$19.49B$20.45B$21.93B$21.20B$22.04B$20.42B$22.30B$22.25B$23.57B$22.99B$27.17B$28.96B$29.40B
QoQ Change+0.0%+0.0%+29.0%+7.8%+5.0%+7.2%-3.3%+3.9%-7.3%+9.2%-0.3%+6.0%-2.4%+18.1%+6.6%+1.5%
YoY Change+29.0%+39.0%+21.4%+8.8%-0.1%+1.7%+4.9%+7.0%+12.6%+21.8%+30.2%+24.7%
Range$14.01B$29.40B
CAGR+20.4%
Avg YoY Growth+16.7%
Median YoY Growth+17.0%
Current Streak3 quarters growth

Frequently Asked Questions

What is Amazon's technology & infrastructure?
Amazon (AMZN) reported technology & infrastructure of $29.40B in Q4 2025.
How has Amazon's technology & infrastructure changed year-over-year?
Amazon's technology & infrastructure increased by 24.7% year-over-year, from $23.57B to $29.40B.
What is the long-term trend for Amazon's technology & infrastructure?
Over 3 years (2021 to 2025), Amazon's technology & infrastructure has grown at a 24.6% compound annual growth rate (CAGR), from $56.05B to $108.52B.
What does technology & infrastructure mean?
The money spent on building software and maintaining the hardware that powers websites and cloud services.

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