Q3 2026 Webcast Slides

‌Q3 2026 Financial Results Conference Call Slides

‌This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, among others, fluctuations in foreign exchange rates and energy prices, changes in global economic conditions, tariff and trade policies, resource and supply volatility, including for memory chips, and customer demand and spending, inflation, interest rates, regional labor market constraints, world events, the rate of growth of the internet, online commerce, cloud services, and new and emerging technologies, the amount that Amazon.com invests in new business opportunities and the timing of those investments, the mix of products and services sold to customers, the mix of net sales derived from products as compared with services, the extent to which we owe income or other taxes, competition, management of growth, potential fluctuations in operating results, international growth and expansion, the outcomes of claims, litigation, government investigations, and other proceedings, fulfillment, sortation, delivery, and data center optimization, risks of inventory management, variability in demand, the degree to which the Company enters into, maintains, and develops commercial agreements, proposed and completed acquisitions and strategic transactions, payments risks, and risks of fulfillment throughput and productivity. Other risks and uncertainties include, among others, risks related to new products, services, and technologies, security incidents, system interruptions, government regulation and taxation, and fraud. In addition, global economic and geopolitical conditions and additional or unforeseen circumstances, developments, or events may give rise to or amplify many of these risks. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission ("SEC"), including its most recent Annual Report on Form 10-K and subsequent filings.

Additional information relating to certain of our financial measures contained herein, including non-GAAP financial measures, is available in the appendix to our presentation, our most recent earnings release and at our website at https://www.amazon.com/ir.

Billions

Up 12% Y/Y;

Up 13% FX Adjusted (1)

$201.9

$180.2

$46.0 23%

$400 Net Sales (B)

$200

$43.1 21%

$112.9 56%

$0

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

(1) Information throughout this presentation regarding the effect of foreign exchange rates, versus the U.S. Dollar, on our net sales and operating income is provided to show reported period operating results had the foreign exchange rates remained the same as those in effect in the comparable prior year periods.

Billions

Up 15% Y/Y

$797.5

$691.3

$1,200 Net Sales - TTM (B)

20%

8

$161.4

$600

$175. 22%

$460.3 58%

$0

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

(1) Trailing twelve-month period.

Billions

Up 61% Y/Y

$28.1

$17.4

$40

$20

Billions

Up 37% Y/Y

$104.4

$76.2

$120

$60

Billions

Down 2% Y/Y

$21.2

$20.7

$80

$40

Billions

Up 76% Y/Y

$134.8

$76.5

$160

$80

Billions

[Down 31%] Y/Y;

[Down 32%] F/X Adjusted

Up 6% Y/Y

$106.3

$112.9

$200

Billions

Up 82% Y/Y;

Up 81% FX Adjusted

$8.7

$4.8

$20

$100 $10

$0

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

$0

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

Billions

Up 5% Y/Y;

Up 8% F/X Adjusted

$40.9

$43.1

$80

Billions

Up 32% Y/Y;

Up 42% F/X Adjusted

$1.6

$1.2

$4

$40 $2

$0

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

$0

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

Billions

Up 39% Y/Y

$46.0

$33.0

$60

Billions

Up 55% Y/Y

$17.8

$11.4

$30

$30 $15

$0

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

$0

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

Billions

Down 386% Y/Y (2)

$14.8

$(42.4)

$60

Up 101% Y/Y

$30

$0

$(60)

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

1. Free cash flow is cash flow from operations reduced by "Purchases of property and equipment, net of proceeds from sales and incentives." See Appendix for a reconciliation of operating cash flow to free cash flow.

2. Operating cash flow increased 29% Y/Y.

Millions

10,955

268

11,034

223

10,687

10,811

16,000

8,000

Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026

Common Shares Outstanding Stock-Based Awards Outstanding

sales and incentives