Amazon.com Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $62.65B | $30.26B | $21.19B | $18.16B | $17.13B | $15.33B | $13.49B | $10.43B |
| Depreciation & Amortization | $19.99B | $18.95B | $16.80B | $15.23B | $14.26B | $13.44B | $12.04B | $11.68B |
| Depreciation | $13.87B | $12.83B | $10.93B | $9.77B | $9.06B | $8.32B | $7.64B | $7.27B |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $6.04B | $4.03B | $4.85B | $6.53B | $3.69B | $5.33B | $6.72B | $4.96B |
| Net Cash from Operating Activities | $45.39B | $26.03B | $35.53B | $32.52B | $17.02B | $25.97B | $25.28B | $18.99B |
| Investing Activities | ||||||||
| Capital Expenditures | $54.21B | $44.20B | $35.10B | $32.18B | $25.02B | $22.62B | $17.62B | $14.93B |
| Business Acquisitions | $24.36B | $15.41B | $786.0M | $1.70B | $-48.0M | $622.0M | $571.0M | $3.35B |
| Net Cash from Investing Activities | $-79.25B | $-64.21B | $-26.07B | $-39.42B | $-29.80B | $-16.90B | $-22.14B | $-17.86B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | $0 |
| Net Cash from Financing Activities | $10.15B | $52.77B | $-44.0M | $-2.54B | $-47.0M | $-2.76B | $-4.49B | $-1.26B |
| Net Change in Cash | $-23.77B | $14.59B | $9.01B | $-8.44B | $-12.42B | $7.00B | $-1.66B | $-558.0M |
| Free Cash Flow | $-8.82B | $-18.17B | $430.0M | $332.0M | $-8.00B | $3.35B | $7.66B | $4.06B |
Mimicking the herd invites regression to the mean (merely average performance).