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Amazon (AMZN)
NASDAQ:AMZN
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Amazon (AMZN) Operating Expense Breakdown

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Operating Expense Breakdown

Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.
Technology & Content has surged to be the dominant, fastest-growing expense — driven by AWS/AI infrastructure and content investments — outpacing steady but significant fulfillment cost growth tied to logistics scale and capacity constraints. Management’s higher CapEx outlook and comments on component inflation explain this shift and the likely near-term free-cash-flow pressure. Marketing and G&A rose more modestly, while Other Expenses show lumpy one-offs (tariff refunds, derivative gains) that can temporarily distort operating margins — so watch T&C and fulfillment cadence, not headline operating income alone.
Date
General and Administrative
Fulfillment
Technology and Content
Marketing
Other Expenses
Jun 30, 2026
$2.79B$29.63B$33.16B$11.70B$90.00M
Mar 31, 2026
$2.59B$27.29B$29.57B$10.31B$447.00M
Dec 31, 2025
$2.70B$30.83B$29.40B$14.26B$1.26B
Sep 30, 2025
$2.88B$27.68B$28.96B$11.69B$2.88B
Jun 30, 2025
$2.96B$25.98B$27.17B$11.42B$199.00M
Mar 31, 2025
$2.63B$24.59B$22.99B$9.76B$308.00M
Dec 31, 2024
$2.86B$27.96B$23.57B$13.12B$176.00M
Sep 30, 2024
$2.71B$24.66B$22.25B$10.61B$262.00M
Jun 30, 2024
$3.04B$23.57B$22.30B$10.51B$97.00M
Mar 31, 2024
$2.74B$22.32B$20.42B$9.66B$228.00M