AMZN · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

AMAZON COM INC · 2026-07-31 · Importance 26 · Surprise 24 · Matches filing data

Foreign-exchange movements increased consolidated net sales by $3.0 billion for the six months ended June 30, 2026, including a $2.4 billion benefit to International sales and a $485 million benefit to North America sales. FX increased six-month operating expenses by $3.1 billion and positively affected International operating income by $304 million, but reduced AWS operating income by $395 million. Third-quarter 2026 guidance assumes an approximately 80-basis-point unfavorable FX impact.

Key facts

• Amounts held in foreign currencies were $29.7 billion and $20.4 billion as of December 31, 2025 and June 30, 2026. source
• Changes in foreign exchange rates increased net sales by $3.0 billion for the six months ended June 30, 2026. source
• Changes in foreign exchange rates increased technology and infrastructure costs by $427 million for the six months ended June 30, 2026. source
• Changes in foreign exchange rates increased cost of sales by $1.8 billion for the six months ended June 30, 2026. source
• Changes in foreign exchange rates increased fulfillment costs by $523 million for the six months ended June 30, 2026. source
• Changes in foreign exchange rates positively impacted operating income by $304 million for the six months ended June 30, 2026. source
• Changes in foreign exchange rates negatively impacted operating income by $395 million for the six months ended June 30, 2026 (AWS impact). source

Impact estimates