AMZN · 10-Q · 2026Q1 · Full report

Operating Cash Flow and Free Cash Flow

AMAZON COM INC · 2026-04-30 · Importance 89 · Surprise 82 · No source text

Net cash provided by operating activities was $26,032 million for Q1 2026 versus $17,015 million for Q1 2025, and trailing twelve months net cash provided by operating activities increased to $148,531 million from $113,903 million. Purchases of property and equipment (net of proceeds) rose to $147,299 million for the trailing twelve months ended March 31, 2026 from $87,978 million, driving free cash flow down to $1,232 million from $25,925 million on a trailing twelve-month basis. Cash capital expenditures were $43.2 billion in the trailing twelve months ending March 31, 2026 versus $24.3 billion in the comparable prior period, primarily to support AWS growth and fulfillment capacity. Management states free cash flow is a focus metric but cautions it omits some cash flow components and should be viewed alongside the full consolidated statements of cash flows.

Key facts

• Cash provided by operating activities was $17,015 million for the three months ended March 31, 2025 and $26,032 million for the three months ended March 31, 2026. source
• Cash provided by (used in) investing activities was $(29,803) million for the three months ended March 31, 2025 and $(64,212) million for the three months ended March 31, 2026. source
• Trailing twelve months net cash provided by operating activities was $113,903 million for the period ended March 31, 2025 and $148,531 million for the period ended March 31, 2026. source
• Trailing twelve months free cash flow was $25,925 million for the period ended March 31, 2025 and $1,232 million for the period ended March 31, 2026. source

Impact estimates