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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Stock-Based Compensation Expense Stock-based compensation expense is as follows (in millions):
Three Months Ended
March 31,
20242025
Cost of sales$174 $148 
Fulfillment636 497 
Technology and infrastructure2,772 2,060 
Sales and marketing932 653 
General and administrative447 331 
Total stock-based compensation expense$4,961 $3,689 
Restricted Stock Unit Activity
The following table summarizes our restricted stock unit activity for the three months ended March 31, 2025 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2024283.1 $145 
Units granted8.3 214 
Units vested(19.7)137 
Units forfeited(8.7)142 
Outstanding as of March 31, 2025263.0 148 
Scheduled Vesting for Outstanding Restricted Stock Units
Scheduled vesting for outstanding restricted stock units as of March 31, 2025, is as follows (in millions):
 Nine Months Ended December 31,Year Ended December 31,  
 20252026202720282029ThereafterTotal
Scheduled vesting — restricted stock units122.9 86.7 35.9 13.9 2.2 1.4 263.0 
Changes in Stockholders' Equity
The following table shows changes in stockholders’ equity (in millions):
Three Months Ended
March 31,
20242025
Total beginning stockholders’ equity$201,875 $285,970 
Beginning and ending common stock109 111 
Beginning and ending treasury stock(7,837)(7,837)
Beginning additional paid-in capital99,025 120,864 
Stock-based compensation and issuance of employee benefit plan stock4,913 3,650 
Ending additional paid-in capital103,938 124,514 
Beginning accumulated other comprehensive income (loss)(3,040)(34)
Other comprehensive income (loss)(558)(880)
Ending accumulated other comprehensive income (loss)(3,598)(914)
Beginning retained earnings113,618 172,866 
Net income10,431 17,127 
Ending retained earnings124,049 189,993 
Total ending stockholders’ equity$216,661 $305,867