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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Stock-Based Compensation Expense Stock-based compensation expense is as follows (in millions):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202520242025
Cost of sales$193 $197 $633 $595 
Fulfillment696 685 2,276 2,062 
Technology and infrastructure2,961 2,697 9,403 8,412 
Sales and marketing1,012 832 3,168 2,692 
General and administrative471 436 1,536 1,309 
Total stock-based compensation expense$5,333 $4,847 $17,016 $15,070 
Restricted Stock Unit Activity
The following table summarizes our restricted stock unit activity for the nine months ended September 30, 2025 (in millions):
Number of UnitsWeighted-Average
Grant-Date
Fair Value
Outstanding as of December 31, 2024283.1 $145 
Units granted106.6 198 
Units vested(93.9)137 
Units forfeited(27.7)153 
Outstanding as of September 30, 2025268.1 168 
Scheduled Vesting for Outstanding Restricted Stock Units
Scheduled vesting for outstanding restricted stock units as of September 30, 2025, is as follows (in millions):
 Three Months Ended December 31,Year Ended December 31,  
 20252026202720282029ThereafterTotal
Scheduled vesting — restricted stock units44.5 112.8 70.9 29.7 8.3 1.9 268.1 
Changes in Stockholders' Equity
The following table shows changes in stockholders’ equity (in millions):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202520242025
Total beginning stockholders’ equity$236,447 $333,775 $201,875 $285,970 
Beginning common stock110 112 109 111 
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 capital110,633 130,923 99,025 120,864 
Stock-based compensation and issuance of employee benefit plan stock5,301 4,756 16,909 14,815 
Ending additional paid-in capital115,934 135,679 115,934 135,679 
Beginning accumulated other comprehensive income (loss)(3,993)2,420 (3,040)(34)
Other comprehensive income (loss)2,075 9,913 1,122 12,367 
Ending accumulated other comprehensive income (loss)(1,918)12,333 (1,918)12,333 
Beginning retained earnings137,534 208,157 113,618 172,866 
Net income15,328 21,187 39,244 56,478 
Ending retained earnings152,862 229,344 152,862 229,344 
Total ending stockholders’ equity$259,151 $369,631 $259,151 $369,631