Filing Flows › Amazon.com (AMZN) › Q2 2026 › vs Q2 2025
Amazon.com (AMZN) Q2 2026 vs Q2 2025 (year over year)
Amazon.com's revenue rose $32.9B (+20%) from $167.7B in Q2 2025 to $200.6B in Q2 2026. The biggest changes: Net service sales +$23.4B (+24%); Online stores +$8.9B (+15%); Other +$330M (+22%). Operating margin 13.7% against 11.4% (+2.3 pts).
Amazon.com, Q2 2026: revenue $200.6B (+20% year over year), operating margin 13.7%, net earnings $62.6B, operating cash flow $45.4B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.7% | 11.4% | +2.3 pts |
| Net margin | 31.2% | 10.8% | +20.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Third-party seller services | $46.8B | $40.3B | $6.4B | +16% |
| AWS | $42.2B | $30.9B | $11.4B | +37% |
| Advertising services | $19.8B | $15.7B | $4.1B | +26% |
| Subscription services | $13.7B | $12.2B | $1.5B | +12% |
| Net service sales | $122.6B | $99.1B | $23.4B | +24% |
| Online stores | $70.4B | $61.5B | $8.9B | +15% |
| Physical stores | $5.8B | $5.6B | $199M | +4% |
| Other | $1.8B | $1.5B | $330M | +22% |
| Revenue | $200.6B | $167.7B | $32.9B | +20% |
| Other income, net | $53.4B | $1.7B | $51.7B | 32× |
| Operating profit | $27.5B | $19.2B | $8.3B | +43% |
| Costs & expenses | $173.1B | $148.5B | $24.6B | +17% |
| Pre-tax earnings | $80.9B | $20.9B | $60.0B | +288% |
| Cost of revenue | $95.8B | $80.8B | $15.0B | +19% |
| General & admin | $2.8B | $3.0B | −$177M | -6% |
| Other operating costs | $74.6B | $64.8B | $9.8B | +15% |
| Net earnings | $62.6B | $18.2B | $44.5B | +245% |
| Income tax | $18.2B | $2.7B | $15.5B | +580% |
| Depreciation & amortization | $20.0B | $15.2B | $4.8B | +31% |
| Share-based compensation | $6.0B | $6.5B | −$496M | -8% |
| Working capital & other | $43.3B | $7.4B | $35.9B | +484% |
| Operating cash flow | $45.4B | $32.5B | $12.9B | +40% |
| Capital expenditures | $54.2B | $32.2B | $22.0B | +68% |
| Negative free cash flow (OCF − capex) | $8.8B | −$332M | $9.2B | — |
Questions
How much did Amazon.com's revenue grow year over year in Q2 2026?
Amazon.com's revenue rose $32.9B (+20%) from $167.7B in Q2 2025 to $200.6B in Q2 2026.
What drove Amazon.com's revenue change in Q2 2026?
Net service sales +$23.4B (+24%); Online stores +$8.9B (+15%); Other +$330M (+22%).