v3.26.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Information on Reportable Segments and Reconciliation to Consolidated Net Income
Information on reportable segments and reconciliation to consolidated net income is as follows (in millions):
Three Months Ended
March 31,
20252026
North America
Net sales$92,887 $104,143 
Operating expenses87,046 95,876 
Operating income$5,841 $8,267 
International
Net sales$33,513 $39,789 
Operating expenses32,496 38,365 
Operating income$1,017 $1,424 
AWS
Net sales$29,267 $37,587 
Operating expenses17,720 23,426 
Operating income$11,547 $14,161 
Consolidated
Net sales$155,667 $181,519 
Operating expenses137,262 157,667 
Operating income18,405 23,852 
Total non-operating income3,274 15,982 
Provision for income taxes(4,553)(9,560)
Equity-method investment activity, net of tax1 (19)
Net income$17,127 $30,255 
Disaggregation of Revenue
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):    
Three Months Ended
March 31,
20252026
Net Sales:
Online stores (1)$57,407 $64,254 
Physical stores (2)5,533 5,785 
Third-party seller services (3)36,512 41,578 
Advertising services (4)13,921 17,243 
Subscription services (5)11,715 13,427 
AWS29,267 37,587 
Other (6)1,312 1,645 
Consolidated$155,667 $181,519 
____________________________
(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”
(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”
(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.
(4)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
(5)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
(6)Includes sales related to various other offerings (such as shipping services, healthcare services, and certain licensing and distribution of video content) and our co-branded credit card agreements.
Reconciliation of Assets from Segment to Consolidated
Total segment assets reconciled to consolidated amounts are as follows (in millions):
 December 31, 2025March 31, 2026
North America (1)$235,652 $241,817 
International (1)81,984 81,000 
AWS (2)252,588 294,121 
Corporate247,818 299,692 
Consolidated$818,042 $916,630 
___________________
(1)North America and International segment assets primarily consist of property and equipment, operating leases, inventory, accounts receivable, and digital video and music content.
(2)AWS segment assets primarily consist of property and equipment, accounts receivable, and operating leases.
Reconciliation of Property and Equipment from Segments to Consolidated
Property and equipment, net by segment is as follows (in millions):
 December 31, 2025March 31, 2026
North America$122,043 $129,241 
International30,632 30,899 
AWS190,055 223,056 
Corporate14,295 14,262 
Consolidated$357,025 $397,458 
Reconciliation of Property and Equipment Additions and Depreciation from Segments to Consolidated
Total net additions to property and equipment are as follows (in millions):
Three Months Ended
March 31,
 20252026
North America (1)$5,096 $11,126 
International (1)1,506 1,727 
AWS (2)20,464 41,516 
Corporate383 388 
Consolidated$27,449 $54,757 
___________________
(1)Includes property and equipment added under finance leases of $54 million and $237 million in Q1 2025 and Q1 2026.
(2)Includes property and equipment added under finance leases of $0 million and $1.3 billion in Q1 2025 and Q1 2026.
Total depreciation and amortization expense, by segment, is as follows (in millions):
 Three Months Ended
March 31,
 20252026
North America$3,530 $4,280 
International1,136 1,277 
AWS4,390 7,277 
Consolidated$9,056 $12,834