亚马逊第三季度销售2019亿美元增12%：AWS大涨39%创近五年最快、营业利润281亿美元创纪录
亚马逊（Amazon.com, Inc.，纳斯达克：AMZN）10月29日公布截至2026年9月30日的第三季度业绩：净销售2,019亿美元，同比增长12%，去年同期为1,802亿美元；剔除汇率同比变化带来的9亿美元不利影响，净销售增幅为13%。公司表示，今年 Prime Day 在多数大国改在第二季度举行、去年则全部落在第三季度，剔除这一时点位移，第三季度销售同比增速本可高约400个基点。
分板块看，北美板块销售1,129亿美元，同比增长6%；国际板块销售431亿美元，同比增长5%，剔除汇率影响增幅为8%；云计算板块 AWS 销售460亿美元，同比大涨39%，为近五年最快增速，年化收入运行率达1,840亿美元。
营业利润增至281亿美元，去年同期为174亿美元，营业利润率13.9%，为公司史上最高。其中北美板块营业利润87亿美元，去年同期48亿美元；国际板块16亿美元，去年同期12亿美元；AWS 营业利润178亿美元，去年同期114亿美元。
净利润则降至207亿美元、摊薄每股收益1.89美元，去年同期为212亿美元、每股1.95美元。公司称，下降主因是去年同期非经营收益中包含了对 Anthropic 投资带来的95亿美元税前收益。
现金流方面，过去12个月经营现金流增至1,683亿美元，同比增长29%；但自由现金流转为流出424亿美元，去年同期为流入148亿美元，主因是物业与设备采购净额同比增加948亿美元，公司称这主要反映其在数据中心等基础设施上的投入。
总裁兼首席执行官 Andy Jassy 表示，AWS 在功能与基础设施上的投入正在见效，第三季度收入同比增长逾39%、运行率达1,840亿美元，公司预计 AWS 2027年与2028年的收入增速都将超过40%；他还说，更广的选品与更快的配送正帮助公司夺取更多零售市场份额、利润率持续改善，从杂货、药房到 Amazon Leo 卫星与 Zoox 自动驾驶等新业务都在令人鼓舞地推进。
自上次财报以来，AWS 新签协议的客户包括 Meta、英伟达、OpenAI、Salesforce、Oracle、高通、Verizon 与 Stripe 等。公司同时宣布，假日季将在美国运营网络招聘30多万名季节性、兼职与全职员工。
四季度指引方面，公司预计净销售在2,400亿至2,470亿美元之间，同比增长12%至16%，其中含约60个基点的汇率不利影响；预计营业利润在285亿至335亿美元之间，去年四季度为250亿美元；2026年现金资本开支预计仍约为2,200亿美元。
Amazon Third-Quarter Sales Rise 12% to $201.9 Billion as AWS Jumps 39% and Operating Income Hits a Record $28.1 Billion
SEATTLE — Amazon.com, Inc. (NASDAQ: AMZN) on October 29 announced financial results for its third quarter ended September 30, 2026. Net sales increased 12% to $201.9 billion, compared with $180.2 billion in the third quarter of 2025; excluding a $0.9 billion unfavorable impact from year-over-year changes in foreign exchange rates, net sales rose 13%. The company noted that Prime Day shifted to the second quarter this year in most large countries, whereas in 2025 it fell entirely in the third quarter; excluding that shift, third-quarter sales growth would have been about 400 basis points higher.
By segment, North America sales rose 6% to $112.9 billion. International sales rose 5% to $43.1 billion, or 8% excluding foreign-exchange changes. AWS segment sales jumped 39% to $46.0 billion, the segment's fastest growth in nearly five years, reaching a $184 billion annualized revenue run rate.
Operating income increased to $28.1 billion, compared with $17.4 billion a year earlier, and the operating margin of 13.9% was the highest in the company's history. North America operating income was $8.7 billion, versus $4.8 billion a year earlier; International operating income was $1.6 billion, versus $1.2 billion; and AWS operating income was $17.8 billion, versus $11.4 billion.
Net income decreased to $20.7 billion, or $1.89 per diluted share, compared with $21.2 billion, or $1.95 per diluted share, a year earlier. Amazon said the decrease was driven primarily by $9.5 billion in pre-tax gains recorded in the prior-year quarter in non-operating income from its investments in Anthropic.
Operating cash flow increased 29% to $168.3 billion for the trailing twelve months. Free cash flow, however, swung to an outflow of $42.4 billion, versus an inflow of $14.8 billion a year earlier, driven primarily by a $94.8 billion year-over-year increase in purchases of property and equipment, which the company said primarily reflects investments in its infrastructure, including data centers.
President and Chief Executive Officer Andy Jassy said Amazon's AWS investment in functionality and infrastructure is working, with revenue growth of over 39% in the quarter and projected AWS revenue growth rates of over 40% in both 2027 and 2028. He said broader selection and faster delivery are helping Amazon capture more retail market share with improving margins, and that newer businesses, from Grocery to Pharmacy to Amazon Leo to Zoox, are progressing encouragingly.
Since its last earnings announcement, Amazon said AWS signed new agreements with customers including Meta, NVIDIA, OpenAI, Salesforce, Oracle, Qualcomm, Verizon and Stripe. The company also said it plans to hire more than 300,000 seasonal, part-time and full-time employees across its U.S. operations for the holiday season.
For the fourth quarter, Amazon expects net sales between $240.0 billion and $247.0 billion, up 12% to 16% from a year earlier, anticipating an unfavorable foreign-exchange impact of about 60 basis points. Operating income is expected to be between $28.5 billion and $33.5 billion, compared with $25.0 billion in the fourth quarter of 2025, and the company continues to expect 2026 cash capital expenditures of approximately $220 billion.
来源：GSM·美国（原文链接）
图片来源：亚马逊西雅图总部的 Amazon Spheres（资料图）。Andy Li 摄，CC0，经 Wikimedia Commons。 / The Amazon Spheres at Amazon's Seattle headquarters (file photo). Photo by Andy Li, CC0, via Wikimedia Commons.
