AMZN · 10-Q · 2026Q1 · Full report
Income Tax Provision Impact
AMAZON COM INC · 2026-04-30 · Importance 84 · Surprise 100 · In source text
Income tax provision rose to $9.6 billion for the three months ended March 31, 2026 from $4.6 billion in the comparable prior year quarter. The Q1 2026 provision included $4.1 billion of net discrete tax expense primarily attributable to net gains from the company's investments in Anthropic. Cash paid for income taxes (net of refunds) was $1.3 billion in Q1 2026 compared to $877 million in Q1 2025. Management highlights that U.S. tax rules and a 2026 Notice are expected to materially affect cash taxes for 2024 and 2025 and that tax audits and controversies could materially affect future provisions and cash flows.
Key facts
- Income tax provision was $9.6 billion for the three months ended March 31, 2026, which included $4.1 billion of net discrete tax expense primarily attributable to the net gains from investments in Anthropic. source
- Income tax provision was $4.6 billion for the three months ended March 31, 2025, which included $559 million of net discrete tax expense. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -2.3% | Income tax provision was $9.6 billion for the three months ended March 31, 2026, which included $4.1 billion of net discrete tax expense… |