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

Amazon's trailing twelve-month free cash flow (operating cash flow minus capital expenditure) swung to negative $42.4 billion in its Q3 2026 report on October 29, from positive $14.8 billion a year earlier. The company reiterated expected 2026 cash capex of about $220 billion, driven largely by AI investment. AWS sales rose 39% in the same quarter.