AMZN · 10-Q · 2026Q1 · Full report
Operating Income Trends
AMAZON COM INC · 2026-04-30 · Importance 64 · Surprise 56 · No source text
Consolidated operating income increased from $18,405 million in Q1 2025 to $23,852 million in Q1 2026, an increase of $5,447 million year-over-year. North America operating income rose to $8,267 million in Q1 2026, primarily due to increased unit sales and advertising, partly offset by higher shipping, fulfillment, and tech/infrastructure costs. AWS operating income increased to $14,161 million in Q1 2026, primarily due to higher sales partially offset by technology infrastructure spending to support AWS growth. Changes in foreign exchange rates positively impacted consolidated operating income by $347 million for Q1 2026 but negatively impacted AWS operating income by $339 million.
Key facts
- Operating income was $18,405 million for Q1 2025 and $23,852 million for Q1 2026. source
- AWS operating income was $11,547 million for Q1 2025 and $14,161 million for Q1 2026. source
- North America operating income was $5,841 million for Q1 2025 and $8,267 million for Q1 2026. source
- International operating income was $1,017 million for Q1 2025 and $1,424 million for Q1 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +3.0% | Operating income was $18,405 million for Q1 2025 and $23,852 million for Q1 2026. |
| operating_income | positive | realized | +1.4% | AWS operating income was $11,547 million for Q1 2025 and $14,161 million for Q1 2026. |
| operating_income | positive | realized | +1.3% | North America operating income was $5,841 million for Q1 2025 and $8,267 million for Q1 2026. |
| operating_income | positive | realized | +0.2% | International operating income was $1,017 million for Q1 2025 and $1,424 million for Q1 2026. |