OpenNashEarnings

Internet & Retail · Nasdaq: AMZN

Amazon earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 4 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Amazon's third quarter net sales increased 12% to $201.9 billion, operating income was $28.1 billion with an operating margin of 13.9%, and AWS net sales increased 39.3% to a $184 billion annualized revenue run rate.

Amazon's sales grew 12% to $201.9 billion, and operating income rose to $28.1 billion, its highest operating margin ever at 13.9%. AWS, the cloud unit, grew 39.3%, its fastest pace in nearly five years. Net income slipped to $20.7 billion, or $1.89 per diluted share, because last year's quarter included $9.5 billion of Anthropic investment gains. A Prime Day timing shift cut reported growth by about 400 basis points.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗

Quarters

KPI history

Revenue$201.9B+12.1% y/yQ3 2026
Q4 2024: $187.8B (worked out from the annual figure)Q4 ’24$187.8BQ1 2025: $155.7BQ1 ’25$155.7BQ2 2025: $167.7BQ2 ’25$167.7BQ3 2025: $180.2BQ3 ’25$180.2BQ4 2025: $213.4B (worked out from the annual figure)Q4 ’25$213.4BQ1 2026: $181.5BQ1 ’26$181.5BQ2 2026: $200.6BQ2 ’26$200.6BQ3 2026: $201.9BQ3 ’26$201.9B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$187.8B *
Q1 2025$155.7B
Q2 2025$167.7B
Q3 2025$180.2B
Q4 2025$213.4B *
Q1 2026$181.5B
Q2 2026$200.6B
Q3 2026$201.9B
Diluted EPS (GAAP)$1.89−3.1% y/yQ3 2026
Q1 2025: $1.59Q1 ’25$1.59Q2 2025: $1.68Q2 ’25$1.68Q3 2025: $1.95Q3 ’25$1.95Q1 2026: $2.78Q1 ’26$2.78Q2 2026: $5.75Q2 ’26$5.75Q3 2026: $1.89Q3 ’26$1.89
Data
Q1 2025$1.59
Q2 2025$1.68
Q3 2025$1.95
Q1 2026$2.78
Q2 2026$5.75
Q3 2026$1.89

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin13.9%+4.2 pts y/yQ3 2026
Q4 2024: 11.3%Q4 ’2411.3%Q1 2025: 11.8%Q1 ’2511.8%Q2 2025: 11.4%Q2 ’2511.4%Q3 2025: 9.7%Q3 ’259.7%Q4 2025: 11.7%Q4 ’2511.7%Q1 2026: 13.1%Q1 ’2613.1%Q2 2026: 13.7%Q2 ’2613.7%Q3 2026: 13.9%Q3 ’2613.9%
Data
Q4 202411.3%
Q1 202511.8%
Q2 202511.4%
Q3 20259.7%
Q4 202511.7%
Q1 202613.1%
Q2 202613.7%
Q3 202613.9%
Free cash flow-$34.8BQ3 2026
Q4 2024: $17.8BQ4 ’24$17.8BQ1 2025: -$8.0BQ1 ’25-$8.0BQ2 2025: $332.0MQ2 ’25$332.0MQ3 2025: $430.0MQ3 ’25$430.0MQ4 2025: $14.9BQ4 ’25$14.9BQ1 2026: -$18.2BQ1 ’26-$18.2BQ2 2026: -$8.8BQ2 ’26-$8.8BQ3 2026: -$34.8BQ3 ’26-$34.8B
Data
Q4 2024$17.8B
Q1 2025-$8.0B
Q2 2025$332.0M
Q3 2025$430.0M
Q4 2025$14.9B
Q1 2026-$18.2B
Q2 2026-$8.8B
Q3 2026-$34.8B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$187.8Bd$155.7B$167.7B$180.2B$213.4Bd$181.5B$200.6B$201.9B
Operating income$21.2Bd$18.4B$19.2B$17.4B$25.0Bd$23.9B$27.5B$28.1B
Operating margin11.3%11.8%11.4%9.7%11.7%13.1%13.7%13.9%
Net income$20.0Bd$17.1B$18.2B$21.2B$21.2Bd$30.3B$62.6B$20.7B
Diluted EPS—$1.59$1.68$1.95—$2.78$5.75$1.89
Operating cash flow$45.6Bd$17.0B$32.5B$35.5B$54.5Bd$26.0B$45.4B$42.4B
Capital expenditure$27.8Bd$25.0B$32.2B$35.1B$39.5Bd$44.2B$54.2B$77.3B
Free cash flow$17.8B-$8.0B$332.0M$430.0M$14.9B-$18.2B-$8.8B-$34.8B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings