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| Date | Value |
|---|---|
| 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 |