Filing Flows › Amazon.com (AMZN) › Q3 2026 › vs Q2 2026
Amazon.com (AMZN) Q3 2026 vs Q2 2026 (quarter over quarter)
Amazon.com's revenue rose $1.3B (+0.7%) from $200.6B in Q2 2026 to $201.9B in Q3 2026. The biggest changes: AWS +$3.8B (+9%); Online stores −$2.0B (-3%); Third-party seller services −$288M (-0.6%). Operating margin 13.9% against 13.7% (+0.2 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.9% | 13.7% | +0.2 pts |
| Net margin | 10.2% | 31.2% | -21.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Online stores | $68.5B | $70.4B | −$2.0B | -3% |
| Third-party seller services | $46.5B | $46.8B | −$288M | -0.6% |
| AWS | $46.0B | $42.2B | $3.8B | +9% |
| Advertising services | $19.6B | $19.8B | −$172M | -0.9% |
| Subscription services | $14.0B | $13.7B | $276M | +2% |
| Physical stores | $5.7B | $5.8B | −$84.0M | -1% |
| Other | $1.6B | $1.8B | −$184M | -10% |
| Revenue | $201.9B | $200.6B | $1.3B | +0.7% |
| Operating profit | $28.1B | $27.5B | $615M | +2% |
| Costs & expenses | $173.9B | $173.1B | $723M | +0.4% |
| Pre-tax earnings | $26.9B | $80.9B | −$54.0B | -67% |
| Other expense, net | $1.2B | −$53.4B | $54.6B | — |
| Cost of revenue | $94.6B | $95.8B | −$1.2B | -1% |
| General & admin | $2.7B | $2.8B | −$87.0M | -3% |
| Other operating costs | $76.6B | $74.6B | $2.0B | +3% |
| Net earnings | $20.7B | $62.6B | −$42.0B | -67% |
| Income tax | $6.2B | $18.2B | −$12.0B | -66% |
| Depreciation & amortization | $20.9B | $20.0B | $961M | +5% |
| Share-based compensation | $5.4B | $6.0B | −$632M | -10% |
| Working capital & other | $4.6B | $43.3B | −$38.7B | -89% |
| Operating cash flow | $42.4B | $45.4B | −$3.0B | -7% |
| Capital expenditures | $77.3B | $54.2B | $23.1B | +43% |
| Negative free cash flow (OCF − capex) | $34.8B | $8.8B | $26.0B | +295% |
Questions
How much did Amazon.com's revenue grow quarter over quarter in Q3 2026?
Amazon.com's revenue rose $1.3B (+0.7%) from $200.6B in Q2 2026 to $201.9B in Q3 2026.
What drove Amazon.com's revenue change in Q3 2026?
AWS +$3.8B (+9%); Online stores −$2.0B (-3%); Third-party seller services −$288M (-0.6%).