Amazon Com (AMZN) Operating Expenses (2009 - 2026)

Amazon Com's (AMZN) quarterly Operating Expenses came in at $157.7 billion in Q1 2026, up 14.87% year-on-year from $137.3 billion in Q1 2025, and down 3.12% quarter-over-quarter from $162.7 billion in Q3 2025.

Amazon Com (AMZN) Operating Expenses (2009 - 2026) Analysis & Trends

Amazon Com has disclosed Operating Expenses across 18 years of filings, most recently posting $157.7 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $157.7 billion, up 14.87% year-over-year; the trailing twelve-month figure through Mar 2026 was $468.9 billion (up 13.81% YoY), and the FY2025 annual result was $636.9 billion, up 11.87% from the prior year.
  • Operating Expenses came in at $157.7 billion for Q1 2026 at Amazon Com, down from $162.7 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $162.7 billion in Q3 2025 to a low of $112.8 billion in Q1 2022.
  • The 5-year median for Operating Expenses is $131.9 billion (2023), against an average of $134.3 billion.
  • Across the five-year window, Operating Expenses increased 17.57% in 2022 and increased 4.42% in 2024, its largest moves.
  • Amazon Com's Operating Expenses stood at $124.6 billion in 2022, then gained by 5.88% to $131.9 billion in 2023, then increased by 7.26% to $141.5 billion in 2024, then climbed by 15.04% to $162.7 billion in 2025, then decreased by 3.12% to $157.7 billion in 2026.
  • The last three Operating Expenses figures came in at $157.7 billion (Q1 2026), $162.7 billion (Q3 2025), and $148.5 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 157.67 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 3.25 Bn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 3.89 Bn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn -5.87 Bn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 1.68 Bn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 8.75 Bn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -23.28 Mn
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn 891.00 Mn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 556.00 Mn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn 882.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 157.67 Bn
Sep 30, 2025 162.75 Bn
Jun 30, 2025 148.53 Bn
Mar 31, 2025 137.26 Bn
Sep 30, 2024 141.47 Bn
Jun 30, 2024 133.31 Bn
Mar 31, 2024 128.01 Bn
Sep 30, 2023 131.90 Bn
Jun 30, 2023 126.70 Bn
Mar 31, 2023 122.58 Bn
Sep 30, 2022 124.58 Bn
Jun 30, 2022 117.92 Bn
Mar 31, 2022 112.78 Bn
Sep 30, 2021 105.96 Bn
Jun 30, 2021 105.38 Bn
Mar 31, 2021 99.65 Bn
Sep 30, 2020 89.95 Bn
Jun 30, 2020 83.07 Bn
Mar 31, 2020 71.46 Bn
Sep 30, 2019 66.82 Bn