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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Stock-Based Compensation Expense Stock-based compensation expense is as follows (in millions):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202520242025
Cost of sales$266 $250 $440 $398 
Fulfillment944 880 1,580 1,377 
Technology and infrastructure3,670 3,655 6,442 5,715 
Sales and marketing1,224 1,207 2,156 1,860 
General and administrative618 542 1,065 873 
Total stock-based compensation expense$6,722 $6,534 $11,683 $10,223 
Restricted Stock Unit Activity
The following table summarizes our restricted stock unit activity for the six months ended June 30, 2025 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2024283.1 $145 
Units granted94.9 195 
Units vested(67.7)132 
Units forfeited(18.6)148 
Outstanding as of June 30, 2025291.7 164 
Scheduled Vesting for Outstanding Restricted Stock Units
Scheduled vesting for outstanding restricted stock units as of June 30, 2025, is as follows (in millions):
 Six Months Ended December 31,Year Ended December 31,  
 20252026202720282029ThereafterTotal
Scheduled vesting — restricted stock units72.3 114.7 70.5 26.7 5.5 2.0 291.7 
Changes in Stockholders' Equity
The following table shows changes in stockholders’ equity (in millions):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202520242025
Total beginning stockholders’ equity$216,661 $305,867 $201,875 $285,970 
Beginning common stock109 111 109 111 
Stock-based compensation and issuance of employee benefit plan stock
Ending common stock110 112 110 112 
Beginning and ending treasury stock(7,837)(7,837)(7,837)(7,837)
Beginning additional paid-in capital103,938 124,514 99,025 120,864 
Stock-based compensation and issuance of employee benefit plan stock6,695 6,409 11,608 10,059 
Ending additional paid-in capital110,633 130,923 110,633 130,923 
Beginning accumulated other comprehensive income (loss)(3,598)(914)(3,040)(34)
Other comprehensive income (loss)(395)3,334 (953)2,454 
Ending accumulated other comprehensive income (loss)(3,993)2,420 (3,993)2,420 
Beginning retained earnings124,049 189,993 113,618 172,866 
Net income13,485 18,164 23,916 35,291 
Ending retained earnings137,534 208,157 137,534 208,157 
Total ending stockholders’ equity$236,447 $333,775 $236,447 $333,775