AMZN · 10-Q · 2026Q2 · Full report
Income Tax Rate Changes
AMAZON COM INC · 2026-07-31 · Importance 77 · Surprise 82 · Matches filing data
Amazon’s income tax provision increased to $27.8 billion for the six months ended June 30, 2026 from $7.2 billion in the prior-year period. The 2026 provision included $15.9 billion of net discrete tax expense, primarily attributable to upward adjustments in the value of Amazon’s Anthropic investments. The prior-year provision included $753 million of net discrete tax benefits, primarily from excess tax benefits related to stock-based compensation. Cash income taxes declined to $4.0 billion for the first six months of 2026 from $5.6 billion in the comparable 2025 period because the 2026 Notice was expected to reduce 2024 and 2025 U.S. cash taxes through accelerated depreciation and research-and-development amortization deductions.
Key facts
- Income tax provision for the six months ended June 30, 2025 was $7.2 billion which included $753 million of net discrete tax benefits primarily attributable to excess tax benefits from stock-based compensation. source
- Income tax provision for the six months ended June 30, 2026 was $27.8 billion, which included $15.9 billion of net discrete tax expense primarily attributable to the upward adjustments to our investments in Anthropic. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -10.3% | Income tax provision for the six months ended June 30, 2026 was $27.8 billion, which included $15.9 billion of net discrete tax expense… |