Amazon (AMZN) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Amazon published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Amazon says net income fell mainly because Q3 2025 included $9.5 billion of pre-tax gains from its investments in Anthropic.
• Prime Day fell in Q2 for most large countries in 2026, against Q3 in 2025. Amazon says growth would have been about 400 basis points higher excluding that shift.

Source: Amazon Q3 2026 results (Form 8-K, Exhibit 99.1), October 29, 2026. Figures as reported; checked against the release on November 8, 2026.

How Amazon splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Amazon's North America revenue was $112.9 billion in Q3 2026, up 6% from $106.3 billion in Q3 2025, 56% of total revenue.
• Amazon's International revenue was $43.1 billion in Q3 2026, up 5% from $40.9 billion in Q3 2025, 21% of total revenue.
• Amazon's AWS revenue was $46.0 billion in Q3 2026, up 39% from $33.0 billion in Q3 2025, 23% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Amazon said:

“Net sales are expected to be between $240.0 billion and $247.0 billion, or to grow between 12% and 16% compared with fourth quarter 2025.”

“Operating income is expected to be between $28.5 billion and $33.5 billion, compared with $25.0 billion in fourth quarter 2025.”

“We continue to expect 2026 cash capital expenditures to be approximately $220 billion.”

Source: Amazon Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AMZN forecast page.

We do not hold a confirmed date for Amazon's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Amazon breaks net sales into seven types. In Q3 2026: online stores $68,470 million (Amazon's own product sales), third-party seller services $46,492 million (commissions plus fulfillment and shipping fees), AWS $45,984 million, advertising services $19,637 million, subscription services $14,006 million (mainly Prime membership fees and digital media), physical stores $5,710 million, and other $1,645 million. (Amazon Form 10-Q, Q3 2026, Oct 30, 2026)

Its three segments are North America, International and AWS. AWS was $45,984 million of the $201,944 million total but $17,773 million of the $28,076 million operating income. (Amazon Q3 2026 release, Oct 29, 2026)

Prime Day fell in Q2 for most large countries in 2026, against Q3 in 2025, and Amazon said Q3 growth would have been about 400 basis points higher without that shift. (Amazon Q3 2026 release, Oct 29, 2026)

Amazon reports one EPS figure, on a GAAP basis, and it moves with investment gains and losses. Q3 2026 diluted EPS was $1.89, against $1.95, and Amazon said the decrease was driven primarily by $9.5 billion of pre-tax gains from its investments in Anthropic in Q3 2025. Total non-operating items were an expense of $1,207 million, against income of $10,748 million. (Amazon Q3 2026 release, Oct 29, 2026)

Diluted shares were 10,929 million, against 10,845 million a year earlier. Stock-based compensation was $5,406 million in the quarter, against $4,847 million. (Amazon Q3 2026 release, Oct 29, 2026; Amazon Form 10-Q, Q3 2026, Oct 30, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Amazon guides in its release, with ranges for the next quarter's net sales and operating income. For Q4 2026: net sales of $240.0 billion to $247.0 billion, and operating income of $28.5 billion to $33.5 billion, against $25.0 billion in Q4 2025. It also said it expects 2026 cash capital expenditures of about $220 billion. (Amazon Q3 2026 release, Oct 29, 2026)

On November 2, 2026, the Yahoo Finance consensus for Q4 2026 was EPS of $2.41 (42 analysts) and revenue of $244,719 million (42 analysts), inside Amazon's net sales range. (Yahoo Finance consensus, Nov 2, 2026; Amazon Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Amazon, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Amazon's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AMZN is on is AMZN a buy or a sell?, what analysts expect next is on the AMZN forecast, and what the company does is on the Amazon (AMZN) stock page.

Every number on this page can be traced to a document Amazon published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.