AMZN · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

AMAZON COM INC · 2026-10-30 · Importance 36 · Surprise 14 · Matches filing data

Cash, cash equivalents, and marketable securities totaled $114.2 billion at September 30, 2026, down from $123.0 billion at December 31, 2025. Amazon had $17.5 billion of Term Loan borrowings outstanding at September 30, 2026, with no borrowings under its two unsecured revolving credit facilities or commercial paper programs. Financing cash inflows included $53.4 billion of short-term, other, and long-term debt proceeds in Q3 2026 and $135.8 billion for the first nine months; Amazon said it expected additional financing activities in 2026. Operating cash flow was $113.8 billion for the first nine months of 2026, and the company said cash, operating cash flows, and financing arrangements were expected to cover anticipated operating cash needs for at least the next twelve months.

Key facts

• Amazon financing cash flow was $(44) million in Q3 2025 and $48.9 billion in Q3 2026, and $(2.6) billion and $111.8 billion for the nine months ended September 30, 2025 and 2026, respectively. source
• Amazon's cash, cash equivalents, and marketable securities were $123.0 billion at December 31, 2025 and $114.2 billion at September 30, 2026. source
• Amazon expects cash flows from operations, cash and marketable securities, borrowing arrangements, and other financing activities to meet anticipated operating cash needs for at least the next twelve months. source
• Amazon expects to undertake additional financing activities in 2026. source
• Amazon held $29.7 billion in foreign currencies at December 31, 2025 and $16.5 billion at September 30, 2026. source
• Amazon had no borrowings outstanding under its two unsecured revolving credit facilities or commercial paper programs, and $17.5 billion outstanding under the Term Loan, as of September 30, 2026. source
• Amazon had $3.3 billion and $2.9 billion of restricted cash, cash equivalents, and marketable securities as of December 31, 2025 and September 30, 2026, respectively. source
• Amazon interest income was $1.1 billion in Q3 2025 and $1.2 billion in Q3 2026, and $3.3 billion and $3.6 billion for the nine months ended September 30, 2025 and 2026, primarily due to a higher average invested-funds balance, offset by lower prevailing rates. source

Impact estimates