AMZN · 10-Q · 2026Q2 · Full report

Operating Expense Trends

AMAZON COM INC · 2026-07-31 · Importance 59 · Surprise 48 · From source text

Technology and infrastructure expense increased 22% to $33.2 billion in Q2 2026 and 25% to $62.7 billion for six months, primarily because of higher infrastructure spending, depreciation, and amortization supporting AWS growth and artificial-intelligence initiatives. Fulfillment expense rose 14% to $29.6 billion in Q2 and 13% to $56.9 billion for six months as Amazon expanded its fulfillment network, partially offset by operating efficiencies. Shipping costs increased to $27.9 billion in Q2 and $53.6 billion for six months from $23.4 billion and $45.9 billion, respectively, reflecting higher sales volumes and shipping-service usage. Sales and marketing expense was broadly stable at $11.7 billion in Q2 and $22.0 billion for six months, while general and administrative expense declined 6% to $2.8 billion in Q2 and 4% to $5.4 billion for six months because of lower payroll-related expense.

Key facts

• Shipping costs were $23.4 billion in Q2 2025 and $27.9 billion in Q2 2026, and $45.9 billion and $53.6 billion for the six months ended June 30, 2025 and 2026. source
• Operating expenses — total: $148,531 million for Q2 2025 and $173,145 million for Q2 2026; $285,793 million for the six months ended June 30, 2025 and $330,812 million for the six months ended June 30, 2026. source
• Other operating expense (income), net was $199 million in Q2 2025 and $90 million in Q2 2026; $507 million and $537 million for the six months ended June 30, 2025 and 2026. source

Impact estimates