Amazon's Free Cash Flow Turns Negative at $42.4 Billion

Amazon's free cash flow, the money left after running costs and equipment spending, turned negative at $42.4 billion over the past twelve months, per its October 29 third-quarter report. A year earlier it was positive $14.8 billion. Amazon reiterated 2026 equipment spending of about $220 billion, largely for AI. Cloud arm AWS grew sales 39% in the same quarter.