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Amazon (AMZN) Cash Flow Waterfall

Trace Amazon's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$148.53B

Capex

−$151.00B

Free Cash Flow

−$2.47B

FCF Margin

-1.7%

Cash flow waterfall for Amazon (AMZN) — TTM through Q1 2026

Free cash flow: −$2.47B

Cash flow breakdown for Amazon (AMZN) — TTM through Q1 2026

  • Operating Cash Flow$148.53B
  • Capital Expenditure−$151.00B
  • Free Cash Flow−$2.47B
  • Acquisitions−$19.30B
  • Other Investing−$6.65B
  • Net Debt Change$10.23B
  • Other Financing & FX$53.00B
  • Net Cash Increase$34.80B
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology