Amazon's second quarter revenue of $200.6 billion was driven by accelerating AWS growth of 37%.

Amazon reported second quarter 2026 revenue of $200.6 billion, up 20% year-over-year, with diluted EPS of $5.75. The profit figure was significantly impacted by a large non-operating gain from the company's investment in Anthropic.

Key Highlights

• AWS revenue growth accelerated to 37% year-over-year, reaching $42.2 billion, its fastest growth rate in 18 quarters.
• A non-operating pre-tax gain of $53.4 billion from the company's investment in Anthropic substantially boosted net income.
• Trailing twelve-month free cash flow was an outflow of $7.6 billion, compared to an inflow of $18.2 billion a year ago, reflecting increased investments in AI infrastructure.
• Operating income increased 43% year-over-year to $27.5 billion, with operating margin expanding to 13.7% from 11.4% in the prior year.