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.
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Current Ratio since 2005
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Amazon.com Inc., consolidated balance sheet: liabilities and stockholders’ equity (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).
The balance sheet exhibits a significant expansion in both total liabilities and stockholders' equity over the analyzed period, with total liabilities and stockholders' equity growing from 323,077 million US dollars in March 2021 to 916,630 million US dollars by March 2026. This trajectory indicates a massive scaling of the organizational capital base and operational footprint.
- Current Liabilities Analysis
- Current liabilities demonstrate a consistent upward trend, increasing from 115,404 million US dollars to 216,756 million US dollars. A primary driver of this growth is accounts payable, which nearly doubled from 63,926 million US dollars in March 2021 to 124,749 million US dollars in March 2026, suggesting an increase in procurement and supplier-based financing. Unearned revenue also showed steady growth, rising from 10,539 million US dollars to 20,887 million US dollars, reflecting a stronger pipeline of prepaid services. Conversely, the current portion of finance lease liabilities declined sharply from 9,862 million US dollars to 1,578 million US dollars, indicating a shift in the timing or structure of lease obligations.
- Long-Term Liabilities and Debt Trends
- Long-term liabilities experienced a substantial increase, particularly in the final periods of the analysis. Long-term lease liabilities grew steadily from 53,067 million US dollars to 90,814 million US dollars. A notable volatility is observed in long-term debt; after remaining relatively stable between 47,000 and 67,000 million US dollars for several years, there was a sharp escalation from 65,648 million US dollars in December 2025 to 119,074 million US dollars in March 2026. Other long-term liabilities also spiked in the final quarter, reaching 48,072 million US dollars, contributing to a total long-term liability figure of 257,960 million US dollars by March 2026.
- Stockholders' Equity and Retained Earnings
- Stockholders' equity grew aggressively, rising from 103,320 million US dollars in March 2021 to 441,914 million US dollars in March 2026. This growth was primarily fueled by retained earnings, which surged from 60,658 million US dollars to 280,791 million US dollars, signaling strong cumulative profitability and a preference for reinvesting earnings into the business. Additional paid-in capital also grew steadily from 45,160 million US dollars to 143,979 million US dollars. Furthermore, accumulated other comprehensive income transitioned from a deficit of 666 million US dollars in March 2021 to a substantial positive balance of 24,868 million US dollars by March 2026.
- Overall Capital Structure Insights
- The data reveals a shift in the financing mix. While total liabilities increased from 219,757 million US dollars to 474,716 million US dollars, the growth in stockholders' equity was proportionally higher, suggesting an improvement in the solvency profile over the majority of the period. However, the abrupt increase in long-term debt and other long-term liabilities in the first quarter of 2026 represents a significant pivot in the leverage strategy, moving the company toward a more debt-heavy capital structure at the end of the observed timeline.