AMZN · 10-Q · 2026Q2 · Full report
Liquidity and Debt Position
AMAZON COM INC · 2026-07-31 · Importance 57 · Surprise 38 · No source text
Cash, cash equivalents, and marketable securities totaled $123.0 billion at June 30, 2026, unchanged from December 31, 2025, including $20.4 billion held in foreign currencies. Operating cash flow increased 40% to $45.4 billion in Q2 2026 and 44% to $71.4 billion for the six months ended June 30, 2026. Financing activities generated $10.1 billion in Q2 and $62.9 billion for six months, primarily from $22.9 billion and $82.4 billion of short-term and long-term debt proceeds, while Amazon repaid $12.8 billion and $19.5 billion of debt, finance leases, and financing obligations in those periods. Amazon had no borrowings outstanding under its two unsecured revolving credit facilities or commercial-paper programs at June 30, 2026 and expects additional financing activities during 2026.
Key facts
- Net cash provided by operating activities for the trailing twelve months ended June 30, 2025 and 2026 was $121,137 million and $161,403 million, respectively. source
- Free cash flow for the trailing twelve months ended June 30, 2026 was $(7,604) million, compared with $18,184 million for the trailing twelve months ended June 30, 2025. source
- Cash provided by operating activities was $49.5 billion for the six months ended June 30, 2025 and $71.4 billion for the six months ended June 30, 2026. source
- Cash provided by operating activities was $32.5 billion for Q2 2025 and $45.4 billion for Q2 2026. source
- Cash, cash equivalents, and marketable securities at fair value were $123.0 billion as of December 31, 2025 and June 30, 2026. source
- We believe cash flows from operations and our cash, cash equivalents, and marketable securities balances, as well as our borrowing arrangements and other financing activities, will be sufficient to meet anticipated operating cash needs for at least the next twelve months. source
- We had no borrowings outstanding under the two unsecured revolving credit facilities or the commercial paper programs as of June 30, 2026. source
- Restricted cash, cash equivalents, and marketable securities were $3.3 billion as of December 31, 2025 and $2.7 billion as of June 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +3.7% | Net cash provided by operating activities for the trailing twelve months ended June 30, 2025 and 2026 was $121,137 million and $161,403… |
| cash | negative | realized | -2.4% | Free cash flow for the trailing twelve months ended June 30, 2026 was $(7,604) million, compared with $18,184 million for the trailing… |
| cash | positive | realized | +2.0% | Cash provided by operating activities was $49.5 billion for the six months ended June 30, 2025 and $71.4 billion for the six months ended… |