Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Amazon.com Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable	106,032)	98,285)	89,241)	94,363)	84,570)	81,817)	73,068)	84,981)	72,004)	69,481)	66,907)	79,600)	67,760)	71,219)	68,547)	78,664)	71,474)	66,090)	63,926)	72,539)	58,334)	51,036)	40,056)
Current portion of operating lease liabilities	11,873)	11,597)	10,884)	10,546)	9,301)	8,736)	8,581)	8,419)	8,092)	7,982)	7,752)	7,458)	7,046)	6,707)	6,640)	6,349)	5,913)	5,214)	4,841)	4,586)	4,156)	3,530)	3,279)
Current portion of finance lease liabilities	1,448)	1,376)	1,359)	1,375)	1,393)	1,439)	1,626)	2,032)	2,385)	3,024)	3,676)	4,397)	5,036)	5,792)	6,842)	8,083)	8,712)	9,442)	9,862)	10,374)	10,260)	10,061)	9,824)
Current portion of long-term debt	3,997)	5,005)	5,014)	5,017)	5,248)	7,429)	8,848)	8,494)	5,995)	3,997)	2,000)	2,999)	4,247)	4,998)	2,681)	1,491)	1,000)	1,158)	1,156)	1,155)	155)	1,154)	1,311)
Other	50,733)	48,996)	49,074)	50,027)	44,660)	42,747)	44,915)	45,764)	42,340)	49,232)	52,954)	47,712)	43,645)	38,757)	41,978)	35,852)	25,921)	25,193)	25,080)	28,023)	19,756)	19,118)	16,377)
Accrued expenses and other	68,051)	66,974)	66,331)	66,965)	60,602)	60,351)	63,970)	64,709)	58,812)	64,235)	66,382)	62,566)	59,974)	56,254)	58,141)	51,775)	41,546)	41,007)	40,939)	44,138)	34,327)	33,863)	30,791)
Unearned revenue	21,113)	21,662)	20,599)	18,103)	16,305)	16,004)	15,927)	15,227)	14,398)	14,522)	14,281)	13,227)	12,629)	12,818)	12,820)	11,827)	10,974)	10,695)	10,539)	9,708)	9,251)	8,997)	8,864)
Current liabilities	195,196)	186,921)	176,171)	179,431)	161,477)	158,172)	152,965)	164,917)	145,214)	148,238)	147,570)	155,393)	140,363)	140,291)	139,508)	142,266)	123,994)	117,792)	115,404)	126,385)	101,912)	93,896)	79,711)
Long-term operating lease liabilities, excluding current portion	74,360)	73,394)	70,847)	69,050)	70,376)	68,696)	67,438)	67,220)	65,810)	65,388)	63,496)	61,582)	57,737)	53,899)	51,646)	51,981)	48,041)	40,069)	36,137)	34,513)	31,099)	26,069)	23,805)
Long-term finance lease liabilities, excluding current portion	10,317)	9,827)	9,024)	9,227)	9,426)	9,388)	9,614)	10,077)	10,081)	10,434)	10,771)	11,386)	11,595)	12,625)	14,085)	15,670)	15,807)	16,228)	16,930)	18,060)	17,490)	16,729)	16,495)
Long-term lease liabilities, excluding current portion	84,677)	83,221)	79,871)	78,277)	79,802)	78,084)	77,052)	77,297)	75,891)	75,822)	74,267)	72,968)	69,332)	66,524)	65,731)	67,651)	63,848)	56,297)	53,067)	52,573)	48,589)	42,798)	40,300)
Long-term debt, excluding current portion	50,742)	50,718)	53,374)	52,623)	54,890)	54,889)	57,634)	58,314)	61,098)	63,092)	67,084)	67,150)	58,919)	58,053)	47,556)	48,744)	50,055)	50,279)	31,868)	31,816)	32,929)	33,128)	23,437)
Other long-term liabilities	27,675)	27,535)	27,973)	28,593)	29,306)	27,226)	26,657)	25,451)	21,707)	21,853)	20,931)	21,121)	22,259)	23,458)	23,971)	23,643)	23,945)	21,148)	19,418)	17,017)	15,974)	14,764)	12,518)
Long-term liabilities	163,094)	161,474)	161,218)	159,493)	163,998)	160,199)	161,343)	161,062)	158,696)	160,767)	162,282)	161,239)	150,510)	148,035)	137,258)	140,038)	137,848)	127,724)	104,353)	101,406)	97,492)	90,690)	76,255)
Total liabilities	358,290)	348,395)	337,389)	338,924)	325,475)	318,371)	314,308)	325,979)	303,910)	309,005)	309,852)	316,632)	290,873)	288,326)	276,766)	282,304)	261,842)	245,516)	219,757)	227,791)	199,404)	184,586)	155,966)
Preferred stock, $0.01 par value; no shares issued or outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	112)	112)	111)	111)	110)	110)	109)	109)	108)	108)	108)	108)	107)	107)	5)	5)	5)	5)	5)	5)	5)	5)	5)
Treasury stock, at cost	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(7,837)	(4,503)	(1,837)	(1,837)	(1,837)	(1,837)	(1,837)	(1,837)	(1,837)	(1,837)
Additional paid-in capital	135,679)	130,923)	124,514)	120,864)	115,934)	110,633)	103,938)	99,025)	92,711)	86,896)	79,863)	75,066)	69,419)	63,871)	58,793)	55,538)	51,879)	48,724)	45,160)	42,865)	40,307)	38,017)	35,412)
Accumulated other comprehensive income (loss)	12,333)	2,420)	(914)	(34)	(1,918)	(3,993)	(3,598)	(3,040)	(5,003)	(3,680)	(3,973)	(4,487)	(7,115)	(4,782)	(2,365)	(1,376)	(1,075)	(525)	(666)	(180)	(1,029)	(1,455)	(2,063)
Retained earnings	229,344)	208,157)	189,993)	172,866)	152,862)	137,534)	124,049)	113,618)	102,994)	93,115)	86,365)	83,193)	82,915)	80,043)	82,071)	85,915)	71,592)	68,436)	60,658)	52,551)	45,329)	38,998)	33,755)
Stockholders’ equity	369,631)	333,775)	305,867)	285,970)	259,151)	236,447)	216,661)	201,875)	182,973)	168,602)	154,526)	146,043)	137,489)	131,402)	134,001)	138,245)	120,564)	114,803)	103,320)	93,404)	82,775)	73,728)	65,272)
Total liabilities and stockholders’ equity	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)

The financial data reveals a generally increasing trend in liabilities and stockholders' equity over the periods analyzed. Several key observations and patterns can be noted:

Accounts Payable: There is a consistent upward trend in accounts payable, rising from approximately $40 billion in early 2020 to above $100 billion by late 2025, indicating growing short-term obligations to suppliers and vendors.
Current Portion of Lease and Debt Liabilities: Current operating lease liabilities show a steady increase from about $3.3 billion to nearly $12 billion over the period, suggesting expanding lease commitments. Conversely, current finance lease liabilities decline steadily from around $9.8 billion to approximately $1.4 billion, reflecting the payoff or reduction of these liabilities. Current portion of long-term debt fluctuates but shows an overall increasing trend peaking mid-period before slightly decreasing thereafter.
Accrued Expenses and Unearned Revenue: Accrued expenses and other current liabilities grow consistently, rising from about $31 billion to nearly $68 billion, indicating increasing short-term cash obligations. Unearned revenue also increases steadily from $8.8 billion to over $21 billion, highlighting growth in deferred revenue streams possibly due to advance payments or subscription-based services.
Total Current Liabilities: Current liabilities nearly double from approximately $80 billion to over $195 billion, consistent with increases in multiple individual current liability components, suggesting an expansion in the company's short-term financial obligations.
Long-term Liabilities: Long-term operating lease liabilities, excluding current portions, increase gradually from $23.8 billion to $74.4 billion. Long-term finance lease liabilities decline from $16.5 billion to about $10.3 billion, indicating repayment or restructuring. Total long-term liabilities remain relatively stable with minor fluctuations, increasing moderately until peaking and slightly retracting in later periods.
Total Liabilities: Total liabilities increase significantly from $156 billion to over $358 billion by the final period, more than doubling over the timeframe, reflecting both growing current and long-term obligations.
Equity Components: Common stock remains relatively stable in par value with minor increases corresponding to additional issued shares. Treasury stock at cost shows a substantial increase in negative value, indicating a significant repurchase or holding of treasury shares starting around early 2022.; Additional paid-in capital demonstrates consistent growth from approximately $35 billion to $136 billion, indicating increasing capital contributions or retained surplus allocated to this account. Retained earnings exhibit sustained and strong growth from $33.8 billion to $229.3 billion, reflecting cumulative profits retained in the business.; Accumulated other comprehensive income (loss) fluctuates with periods of losses and recovery, transitioning from negative values to a substantial positive figure by late 2025, suggesting volatility in items such as foreign currency translation or unrealized gains/losses on investments.; Total stockholders' equity increases robustly from about $65 billion to nearly $370 billion, showing a strong equity base growth which supports the company's capital structure alongside rising liabilities.
Total Liabilities and Stockholders' Equity: This aggregate measure grows steadily from $221 billion to almost $728 billion, indicating an expansion of the company's overall financial size and resources over the period covered.

In summary, the data depicts a company experiencing substantial growth in both liabilities and equity. The rising accounts payable, accrued expenses, and lease liabilities suggest an expanding operational scale and financial commitments, while the increasing equity and retained earnings indicate effective capital accumulation and profitability retention. The restructuring in finance lease liabilities and fluctuations in accumulated other comprehensive income provide insight into ongoing financial management and potential exposure to market or currency risks. Overall, the balance sheet exhibits a strong growth trend in financial obligations and shareholder value over the analyzed periods.

Download chart

Amazon.com Inc. (NASDAQ:AMZN)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data