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Amazon.com (AMZN) operating margin by quarter

Amazon.com's operating margin was 13.9% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026. Over the last 7 quarters it ranged from 9.7% (Q3 2025) to 13.9% (Q3 2026).

Amazon.com operating margin by quarterAmazon.com operating margin by quarter11.8%Q1 202511.4%Q2 20259.7%Q3 202511.7%Q4 202513.1%Q1 202613.7%Q2 202613.9%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202613.9%+0.2 pts+4.2 pts
Q2 202613.7%+0.5 pts+2.3 pts
Q1 202613.1%+1.4 pts+1.3 pts
Q4 202511.7%+2.0 pts—
Q3 20259.7%-1.8 pts—
Q2 202511.4%-0.4 pts—
Q1 202511.8%——

Q3 2026 at a glance

Amazon.com, Q3 2026: revenue $201.9B (+12% year over year), operating margin 13.9%, net earnings $20.7B, operating cash flow $42.4B. The chart follows the revenue to costs, profit and cash.

Questions

What is Amazon.com's operating margin?

Amazon.com's operating margin was 13.9% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026.

How has Amazon.com's operating margin changed?

Over the last 7 quarters it ranged from 9.7% (Q3 2025) to 13.9% (Q3 2026).

Q3 2026 results → · How Amazon.com makes money →