Amazon received $600 million in tariff refunds and will return part of it to customers

Amazon finance chief Brian Olsavsky said on the company's earnings call on Thursday, 30 July 2026, that Amazon received approximately $600 million in tariff refunds in the second quarter of 2026. The refunds became possible after the US Supreme Court in February 2026 invalidated tariffs imposed under the International Emergency Economic Powers Act of 1977, obliging the government to repay duties to importers.

Olsavsky said the amount Amazon received was "limited" because the company had ordered and prepositioned inventory ahead of the tariffs, and because it is not the importer of record for the large majority of items sold in its store. Third-party sellers account for more than 60 percent of goods sold on Amazon's marketplace.

He said that where Amazon can trace that specific import charges were passed on to customers, it will contact those customers and issue refunds automatically, while the rest will be used to keep prices low. Apple also said on Thursday that tariff refunds lifted its third-quarter earnings per share by 5 percent, or 11 cents.