AMZN · 10-Q · 2026Q1 · Full report
Fulfillment Cost Trends
AMAZON COM INC · 2026-04-30 · Importance 60 · Surprise 40 · From source text
Fulfillment expense rose to $27,289 million in Q1 2026 from $24,593 million in Q1 2025, an increase primarily due to higher sales and investments in the fulfillment network, partially offset by operational efficiencies. Fulfillment as a percent of net sales declined to 15.0% in Q1 2026 from 15.8% in Q1 2025 despite the absolute increase, reflecting scale and mix effects. Foreign exchange changes increased fulfillment costs by $478 million for Q1 2026. The company is expanding its fulfillment network to support higher selection, in-stock levels, and anticipated shipment volumes and regularly evaluates facility requirements.
Key facts
- Fulfillment expense was $24,593 million for Q1 2025 and $27,289 million for Q1 2026. source
- Fulfillment as a percent of net sales was 15.8% in Q1 2025 and 15.0% in Q1 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -1.5% | Fulfillment expense was $24,593 million for Q1 2025 and $27,289 million for Q1 2026. |