AMZN · 10-Q · 2026Q2 · Full report

Operating Income and Margins

AMAZON COM INC · 2026-07-31 · Importance 64 · Surprise 56 · From source text

Consolidated operating income increased 43% to $27.5 billion in Q2 2026 from $19.2 billion and increased 37% to $51.3 billion for the six months ended June 30, 2026. Consolidated operating margin expanded to approximately 13.7% in Q2 from 11.4% and to approximately 13.4% for six months from 11.6%. AWS operating income increased 64% to $16.6 billion in Q2 and 42% to $30.8 billion for six months, producing substantially higher segment profitability than North America and International. North America operating income rose to $9.1 billion in Q2 and $17.4 billion for six months, while International operating income increased to $1.7 billion and $3.1 billion, respectively, as higher unit, advertising, and subscription sales exceeded shipping and fulfillment cost increases.

Key facts

• Consolidated operating income was $19,171 million in Q2 2025 and $27,461 million in Q2 2026; $37,576 million and $51,313 million for the six months ended June 30, 2025 and 2026. source
• Operating income — AWS: $10,160 million in Q2 2025 and $16,621 million in Q2 2026; $21,707 million and $30,782 million for the six months ended June 30, 2025 and 2026. source
• Operating income — North America: $7,517 million in Q2 2025 and $9,123 million in Q2 2026; $13,358 million and $17,390 million for the six months ended June 30, 2025 and 2026. source
• Operating income — International: $1,494 million in Q2 2025 and $1,717 million in Q2 2026; $2,511 million and $3,141 million for the six months ended June 30, 2025 and 2026. source

Impact estimates