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Operating Income by Segment
Shows profitability across different business units, highlighting which segments drive earnings and where there may be challenges or opportunities for growth.
AWS has shifted from a steady contributor to the company’s primary earnings engine—an inflection since mid‑2024 driven by AI services, Bedrock/agent traction and a very large backlog that materially expanded margins. At the same time North America and International swung from volatile losses into sustained profitability as scale in retail, ads, grocery and fulfillment improved. Offset the upside with management’s caution: very large, front‑loaded CapEx and persistent capacity constraints mean operating income and free‑cash‑flow volatility may continue near term.
AMZN Operating Income by Segment
| Date | AWS | International | North America |
|---|---|---|---|
| Sep 30, 2026 | $17.77B | $1.58B | $8.72B |
| Jun 30, 2026 | $16.62B | $1.72B | $9.12B |
| Mar 31, 2026 | $14.16B | $1.42B | $8.27B |
| Dec 31, 2025 | $12.46B | $1.04B | $11.47B |
| Sep 30, 2025 | $11.43B | $1.20B | $4.79B |
| Jun 30, 2025 | $10.16B | $1.49B | $7.52B |
| Mar 31, 2025 | $11.55B | $1.02B | $5.84B |
| Dec 31, 2024 | $10.63B | $1.31B | $9.26B |
| Sep 30, 2024 | $10.45B | $1.30B | $5.66B |
| Jun 30, 2024 | $9.33B | $273.00M | $5.07B |
| Mar 31, 2024 | $9.42B | $903.00M | $4.98B |
| Dec 31, 2023 | $7.17B | -$419.00M | $6.46B |
| Sep 30, 2023 | $6.98B | -$95.00M | $4.31B |
| Jun 30, 2023 | $5.37B | -$895.00M | $3.21B |
| Mar 31, 2023 | $5.12B | -$1.25B | $898.00M |
| Dec 31, 2022 | $5.21B | -$2.23B | -$240.00M |
| Sep 30, 2022 | $5.40B | -$2.50B | -$400.00M |
| Jun 30, 2022 | $5.71B | -$1.77B | -$627.00M |
| Mar 31, 2022 | $6.52B | -$1.28B | -$1.57B |
| Dec 31, 2021 | $5.29B | -$1.63B | -$206.00M |
| Sep 30, 2021 | $4.88B | -$911.00M | $880.00M |
| Jun 30, 2021 | $4.19B | $362.00M | $3.15B |
| Mar 31, 2021 | $4.16B | $1.25B | $3.45B |
| Dec 31, 2020 | $3.56B | $363.00M | $2.95B |
| Sep 30, 2020 | $3.54B | $407.00M | $2.25B |
| Jun 30, 2020 | $3.36B | $345.00M | $2.14B |
| Mar 31, 2020 | $3.08B | -$398.00M | $1.31B |
| Dec 31, 2019 | $2.60B | -$617.00M | $1.90B |
| Sep 30, 2019 | $2.26B | -$386.00M | $1.28B |
| Jun 30, 2019 | $2.12B | -$601.00M | $1.56B |
| Mar 31, 2019 | $2.22B | -$90.00M | $2.29B |
| Dec 31, 2018 | $2.18B | -$642.00M | $2.25B |
| Sep 30, 2018 | $2.08B | -$385.00M | $2.03B |
| Jun 30, 2018 | $1.64B | -$494.00M | $1.83B |
| Mar 31, 2018 | $1.40B | -$622.00M | $1.15B |
| Dec 31, 2017 | $1.35B | -$919.00M | $1.69B |
| Sep 30, 2017 | $1.17B | -$936.00M | $112.00M |
| Jun 30, 2017 | $916.00M | -$724.00M | $436.00M |
| Mar 31, 2017 | $890.00M | -$481.00M | $596.00M |
| Dec 31, 2016 | $925.00M | -$486.00M | $816.00M |
| Sep 30, 2016 | $861.00M | -$541.00M | $255.00M |
| Jun 30, 2016 | $718.00M | -$135.00M | $702.00M |
| Mar 31, 2016 | $604.00M | -$121.00M | $588.00M |
| Dec 31, 2015 | $935.00M | $500.00M | $1.96B |
| Sep 30, 2015 | $428.00M | -$208.00M | $186.00M |
| Jun 30, 2015 | $305.00M | -$189.00M | $348.00M |
| Mar 31, 2015 | $195.00M | -$194.00M | $254.00M |
