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.

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

US$ in millions

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	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)	42,122)	29,930)	37,466)	27,201)
Marketable securities	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)	42,274)	38,472)	33,925)	22,091)
Inventories	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)	23,795)	23,735)	19,599)	18,857)
Accounts receivable, net and other	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)	24,542)	20,832)	19,918)	17,836)
Current assets	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)	132,733)	112,969)	110,908)	85,985)
Property and equipment, net	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)	113,114)	99,981)	86,517)	77,779)
Operating leases	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)	37,553)	34,119)	28,537)	26,279)
Goodwill	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)	15,017)	14,960)	14,751)	14,739)
Other assets	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)	22,778)	20,150)	17,601)	16,456)
Long-term assets	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)	188,462)	169,210)	147,406)	135,253)
Total assets	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)	321,195)	282,179)	258,314)	221,238)

Cash and cash equivalents: The cash and cash equivalents balance exhibits fluctuations with notable peaks at December 2023 and March 2025, reaching nearly US$73 billion and US$79 billion respectively. The overall trend from March 2020 to March 2025 reveals a general increase with interim periods of decline, particularly in late 2022 and mid-2025.
Marketable securities: This category shows considerable variability. Early periods reveal growth up to December 2021, followed by sharp decreases through late 2022 and early 2023. From mid-2023 onward, marketable securities oscillate but generally trend upward towards the end of the timeframe, reflecting possible strategic liquidity adjustments.
Inventories: Inventories steadily rise from March 2020, peaking in the latest periods around US$41 billion. This suggests an ongoing accumulation of stock, with moderate fluctuations reflective of demand cycles or supply chain management strategies.
Accounts receivable, net and other: The accounts receivable balance consistently increases over the period, growing from approximately US$17.8 billion in early 2020 to over US$61 billion by late 2025. This steady rise likely indicates expanding sales volume or extended credit terms provided to customers.
Current assets: Current assets exhibit a rising trend, growing from around US$86 billion to nearly US$197 billion across the observed periods. Fluctuations correspond to the movements in cash, marketable securities, inventories, and receivables, collectively indicating enhanced short-term liquidity and operational scaling.
Property and equipment, net: This asset class demonstrates a clear upward trajectory, increasing from approximately US$77.8 billion to over US$324 billion by the end of the analyzed timeline. The consistent growth reflects ongoing capital investments and infrastructure expansion aligned with business scaling efforts.
Operating leases: Operating lease commitments gradually increase from about US$26.3 billion to over US$83.4 billion, with steady increments each quarter. This trend reveals the company's increasing reliance on leased assets for operational purposes, possibly as a flexible means to support growth.
Goodwill: Goodwill remains relatively stable, fluctuating narrowly between approximately US$14.7 billion and US$23.3 billion, with incremental increases mainly after early 2021. The stability suggests limited acquisition activity or impairment over the period.
Other assets: Other assets show a persistent upward movement from about US$16.5 billion to nearly US$100 billion. This expansion indicates diversification or growth in less conventional asset classes that may include intangible assets, deferred charges, or specialized investments.
Long-term assets: Long-term assets steadily increase from US$135 billion to over US$531 billion, demonstrating significant investment in fixed and intangible assets. This trend aligns with the growth in property, leases, goodwill, and other long-term holdings, reflecting broadening asset base and capital intensity.
Total assets: Total assets grow substantially from around US$221 billion in early 2020 to over US$727 billion by early 2025. The growth is characterized by strong increases in both current and long-term assets, highlighting overall corporate expansion and increased capitalization.

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Amazon.com Inc. (NASDAQ:AMZN)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data