Amazon Revenues Up 17 Percent to $181.5 Billion

Amazon reported that it earned a net income of $30.3 billion on revenues of $181.5 billion in the quarter ending March 31, 2026. Those figures represent gains of 77 percent and 17 percent, respectively, year-over-year (YOY).

“We’re making customers’ lives easier and better every day across all our businesses, and their response is driving significant growth,” Amazon president and CEO Andy Jassy said. “We’re in the middle of some of the biggest inflections of our lifetime, we’re well positioned to lead, and I’m very optimistic about what’s ahead for our customers and Amazon.”

Amazon Web Services (AWS) revenues grew 28 percent to $37.6 billion, which Amazon notes was its fastest growth in 15 quarters. Its “chips business,” which I don’t believe is called out on the balance sheet, grew “triple digits” YOY to what I assume is about $5 billion. And its advertising services business grew 24 percent YOY to $17.3 billion.

“We also hit exciting milestones with delivery speed, with more than one billion items same-day or overnight in 2026 and counting),” Jassy added. “[And] Project Hail Mary [earned] nearly $615 million at the box office to date and [is] the second most successful non-sequel, non-franchise opening of recent memory.”