AMZN · 10-Q · 2026Q2 · Full report
Interest Rate Pressure
AMAZON COM INC · 2026-07-31 · Importance 57 · Surprise 64 · From source text
Amazon’s Q2 2026 interest expense increased to $1.3 billion from $516 million in Q2 2025, and six-month interest expense increased to $2.1 billion from $1.1 billion, primarily due to debt including new note issuances and finance leases. Interest income rose to $1.3 billion in Q2 2026 from $1.1 billion despite a decrease in prevailing rates, supported by a higher average invested-funds balance. Management expects changing interest rates and capital-market volatility, together with higher borrowing levels, could increase future borrowing costs.
Key facts
- Interest expense was $516 million in Q2 2025 and $1.3 billion in Q2 2026; $1.1 billion and $2.1 billion for the six months ended June 30, 2025 and 2026. source
- Interest income was $1.1 billion in Q2 2025 and $1.3 billion in Q2 2026; $2.2 billion and $2.4 billion for the six months ended June 30, 2025 and 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -0.5% | Interest expense was $516 million in Q2 2025 and $1.3 billion in Q2 2026; $1.1 billion and $2.1 billion for the six months ended June 30,… |
| net_income | negative | realized | -0.4% | Interest expense was $516 million in Q2 2025 and $1.3 billion in Q2 2026; $1.1 billion and $2.1 billion for the six months ended June 30,… |