AMZN · 10-Q · 2026Q1 · Full report
Shipping and Fulfillment Costs
AMAZON COM INC · 2026-04-30 · Importance 60 · Surprise 40 · Matches filing data
Shipping costs rose from $22.5 billion in Q1 2025 to $25.7 billion in Q1 2026, reflecting higher product volumes and greater use of the company's shipping offers. Fulfillment costs increased due to higher sales and investments in the fulfillment network, partially offset by operational efficiencies; foreign exchange increased fulfillment costs by $478 million for Q1 2026. Amazon expects shipping costs to continue to increase as customers accept shipping offers and as it uses more expensive shipping methods, and seeks to mitigate these through higher volumes, network optimization, supplier negotiations, and efficiencies. The company is expanding its fulfillment footprint to support greater selection and in‑stock levels for both first‑party and third‑party seller volumes.
Key facts
- Shipping costs were $22.5 billion in Q1 2025 and $25.7 billion in Q1 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -1.8% | Shipping costs were $22.5 billion in Q1 2025 and $25.7 billion in Q1 2026. |