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Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

Current Assets: Selected Items

Amazon.com Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents 78,213 101,816 86,810 66,922 57,741 66,207 78,779 75,091 71,178 72,852 73,387 49,605 49,529 49,343 53,888 34,947 37,478 36,393 36,220 29,944 40,380 33,834
Marketable securities 44,775 41,273 36,219 27,275 35,439 28,358 22,423 12,960 17,914 12,222 13,393 14,564 14,441 15,062 16,138 23,715 23,232 29,992 59,829 49,044 49,514 39,436
Inventories 38,184 36,534 38,325 41,494 40,825 35,864 34,214 36,103 34,109 31,147 33,318 35,406 36,587 34,170 34,405 36,647 38,153 34,987 32,640 30,933 24,119 23,849
Accounts receivable, net and other 88,092 75,532 67,729 61,175 57,415 54,216 55,451 51,638 50,106 47,768 52,253 43,420 39,925 37,646 42,360 36,154 34,804 32,504 32,891 28,610 26,835 24,289
Current assets 249,264 255,155 229,083 196,866 191,420 184,645 190,867 175,792 173,307 163,989 172,351 142,995 140,482 136,221 146,791 131,463 133,667 133,876 161,580 138,531 140,848 121,408
Property and equipment, net 446,046 397,458 357,025 324,435 297,616 272,781 252,665 237,917 220,717 209,950 204,177 196,468 193,784 190,754 186,715 177,195 173,706 168,468 160,281 147,152 133,502 121,461
Operating leases 92,743 88,741 86,054 83,456 82,125 78,495 76,141 76,527 74,575 73,313 72,513 70,758 70,332 68,262 66,123 62,033 58,430 56,161 56,082 52,151 43,346 39,328
Goodwill 23,504 23,449 23,273 23,260 23,155 23,089 23,074 23,081 22,879 22,770 22,789 22,749 22,785 22,749 20,288 20,168 20,195 20,229 15,371 15,345 15,350 15,220
Other assets 284,132 151,827 122,607 99,904 87,854 84,246 82,147 71,309 63,340 60,947 56,024 53,913 50,224 46,392 42,758 37,503 33,730 32,033 27,235 29,227 27,273 25,660
Long-term assets 846,425 661,475 588,959 531,055 490,750 458,611 434,027 408,834 381,511 366,980 355,503 343,888 337,125 328,157 315,884 296,899 286,061 276,891 258,969 243,875 219,471 201,669
Total assets 1,095,689 916,630 818,042 727,921 682,170 643,256 624,894 584,626 554,818 530,969 527,854 486,883 477,607 464,378 462,675 428,362 419,728 410,767 420,549 382,406 360,319 323,077

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The asset base of the organization has experienced substantial expansion over the analyzed period, growing from 323,077 million USD in March 2021 to 1,095,689 million USD by June 2026. This growth is characterized by a strategic shift toward long-term infrastructure and a significant increase in total capital deployment.

Liquidity and Current Asset Trends
Cash and cash equivalents exhibited an overall upward trajectory, starting at 33,834 million USD and reaching 78,213 million USD by June 2026, with notable peaks in late 2023 and early 2026. Marketable securities showed higher volatility, decreasing from a peak of 59,829 million USD in December 2021 to a low of 12,222 million USD in March 2024, before recovering to 44,775 million USD by the end of the period. Accounts receivable, net and other, demonstrated a consistent and accelerating growth pattern, rising from 24,289 million USD to 88,092 million USD, indicating an expansion in credit sales or revenue scale.
Capital Infrastructure and Long-term Assets
Property and equipment, net, represents the most aggressive growth area, increasing from 121,461 million USD in March 2021 to 446,046 million USD in June 2026. This steady climb suggests continuous large-scale investment in physical infrastructure. Operating leases followed a similar positive trend, increasing from 39,328 million USD to 92,743 million USD. The combined growth of these two items indicates a heavy commitment to expanding operational capacity.
Intangibles and Other Assets
Goodwill remained relatively stable with modest growth, moving from 15,220 million USD to 23,504 million USD. A significant anomaly is observed in other assets, which grew steadily until 2024 and then experienced a sharp acceleration, rising from 82,147 million USD in September 2024 to 284,132 million USD by June 2026, contributing substantially to the total asset surge in the final year of the period.

The structural composition of the balance sheet has evolved toward a heavier weighting of non-current assets. While current assets grew from 121,408 million USD to 249,264 million USD, long-term assets grew at a significantly faster rate, rising from 201,669 million USD to 846,425 million USD. This shift reflects a transition from a liquidity-heavy posture to one focused on massive capital asset accumulation.

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