Filing Flows › Amazon.com (AMZN) › Q1 2026
Amazon.com (AMZN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Amazon.com (AMZN) reported revenue of $181.5B for the first quarter 2026 (Q1 2026), +17% from a year earlier and -15% from the quarter before. Operating margin was 13.1%, net earnings $30.3B (16.7% of revenue).
Amazon.com, Q1 2026: revenue $181.5B (+17% year over year), operating margin 13.1%, net earnings $30.3B, operating cash flow $26.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $181.5B | -15% | +17% |
| Operating profit | $23.9B | -5% | +30% |
| Net earnings | $30.3B | +43% | +77% |
| Operating cash flow | $26.0B | -52% | +53% |
What changed
Revenue was $181.5B in Q1 2026, up 17% year over year and down 15% from the previous quarter. Online stores was the largest line at 35% of revenue. AWS added $8.3B year over year (up 28%), 32% of the total change.
Operating profit was $23.9B, a 13.1% margin (up 1.3 points year over year). Of the extra revenue versus Q1 2025, 21% reached operating profit, above the 12% margin then. Total costs grew 15% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $30.3B, up 77% year over year. The effective tax rate was 24.0%. Non-operating items added $16.0B, 40% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.0B (up 53% year over year), 86% of net earnings. Non-cash charges added back $18.9B of depreciation and amortization and $4.0B of share-based compensation. Working capital and other items used $27.2B. Capital expenditures of $44.2B exceeded it, leaving free cash flow of −$18.2B.
Questions
What was Amazon.com's revenue in the first quarter 2026?
Amazon.com (AMZN) reported revenue of $181.5B for the first quarter 2026 (Q1 2026), +17% from a year earlier and -15% from the quarter before.
Was Amazon.com profitable in the first quarter 2026?
Operating profit was $23.9B (13.1% of revenue) and net earnings $30.3B.
Source: Amazon.com 10-Q on SEC EDGAR.