Amazon Q1 FY26: where the revenue came from and where it went
The whole income statement of Amazon for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 30, 2026
Revenue$181.5B
+17% year over year
Gross profit$94.1B
52% margin
Operating profit$23.9B
13% margin
Net profit$30.3B
17% margin
Net profit is larger than what operations earned, because the statement adds $16.0B below it, under Other income, net.
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 181.5 | 100% | +17% |
| Online stores | 64.3 | 35% | +12% |
| Third party seller | 41.6 | 23% | +14% |
| Amazon web services | 37.6 | 21% | +28% |
| Advertising services | 17.2 | 10% | +24% |
| Subscription services | 13.4 | 7% | +15% |
| Physical stores | 5.8 | 3% | +5% |
| Other services | 1.6 | 1% | +25% |
| Cost of revenue | −87.5 | 48% | |
| Gross profit | 94.1 | 52% margin | +1pp |
| Sales & marketing | −10.3 | 6% | −1pp |
| G&A | −2.6 | 1% | +0pp |
| Other | −57.3 | 32% | +0pp |
| Operating profit | 23.9 | 13% margin | +1pp |
| Other income, net | 16.0 | ||
| Tax | −9.6 | ||
| Net profit | 30.3 | 17% margin | +6pp |
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