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.
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Amazon.com Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 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).
Total assets experienced a significant and sustained expansion over the analyzed period, growing from 323,077 million US dollars in March 2021 to 916,630 million US dollars by March 2026. This growth is characterized by a simultaneous increase in both current and long-term asset bases, though the scale of long-term asset accumulation has outpaced current asset growth.
- Liquidity and Current Asset Trends
- Current assets increased from 121,408 million US dollars to 255,155 million US dollars. A primary driver of this growth was the substantial increase in cash and cash equivalents, which rose from 33,834 million US dollars to 101,816 million US dollars. Marketable securities exhibited significant volatility, peaking at 59,829 million US dollars in December 2021 before declining to a low of 12,222 million US dollars in March 2023, followed by a recovery to 41,273 million US dollars by March 2026. Accounts receivable, net and other, showed a consistent upward trajectory, growing from 24,289 million US dollars to 75,532 million US dollars, suggesting an increase in credit sales or longer collection cycles.
- Infrastructure and Fixed Asset Expansion
- Long-term assets grew from 201,669 million US dollars to 661,475 million US dollars. The most prominent contributor to this expansion was property and equipment, net, which nearly tripled from 121,461 million US dollars in March 2021 to 397,458 million US dollars in March 2026. This indicates an aggressive and continuous investment in physical infrastructure. Operating leases followed a similar, albeit more moderate, growth path, increasing from 39,328 million US dollars to 88,741 million US dollars.
- Other Long-Term Asset Dynamics
- Other assets witnessed an accelerated growth rate in the latter half of the period, rising from 25,660 million US dollars in March 2021 to 151,827 million US dollars by March 2026, with the most rapid increases occurring between September 2024 and March 2026. Goodwill remained relatively stable compared to other asset categories, increasing incrementally from 15,220 million US dollars to 23,449 million US dollars.
- Inventory Management
- Inventories demonstrated a pattern of moderate growth and fluctuation. After rising from 23,849 million US dollars in March 2021 to a peak of 40,825 million US dollars in June 2025, levels moderated to 36,534 million US dollars by March 2026, suggesting a potential optimization of inventory turnover or shifts in supply chain management.