Amazon says it will share $600 million in Trump tariff refunds with some of its customers — will you get a payout?

In February 2026, the Supreme Court struck down President Trump's tariffs, ruling that the authorities owes businesses $166 cardinal successful tariff refunds. Now, institution net calls astatine the extremity of the 2nd 4th are revealing however overmuch these companies person received arsenic a effect of the ruling, and what they mean to bash with the windfall.

Amazon [NASDAQ:AMZN] CFO Brian Olsavsky said successful an net telephone that the institution received $600 cardinal successful tariff refunds and plans to administer a information of the funds backmost to a tiny enactment of customers who paid circumstantial import charges arsenic a effect of the tariffs.

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Amazon's refund is comparatively constricted compared to galore of the different ample companies that claimed a tariff refund. Apple [NASDAQ:AAPL] announced that tariff refunds represented 2 percent points of its 50.1% gross margin. In April, Ford said it's acceptable to person $1.3 cardinal successful tariff refunds.

On Amazon's net call, Olsavsky says the crushed for the constricted refund is due to the fact that the tariffs had a constricted interaction connected Amazon directly.

"First, our teams did a batch of enactment forward-buying and pre-positioning inventory to debar tariff costs. Second, we are not the importer of grounds for the ample bulk of items sold successful our store, fixed suppliers typically grip imports and wage applicable tariffs," Olsavsky said connected the call. "In cases wherever we did spot an summation successful outgo owed to tariffs, we mostly absorbed these costs alternatively than walk them connected to customers."

Who gets a refund from Amazon?

Amazon has remained vague astir however overmuch of the $600 cardinal refund volition spell to customers, but said it has identified "a constricted acceptable of circumstances" wherever Amazon passed import charges onto customers.

"When we person those refunds, we volition proactively interaction affected customers and automatically contented refunds to them," Olsavsky said. "Otherwise, similar different ample retailers, we'll utilize refunds to proceed to put successful debased prices for customers."

From the commencement of 2025 up to September, Amazon's prices roseate an mean of 5.7%, according to CNBC reporting. Its terms summation was considerably higher than those of Walmart [NASDAQ:WMT] and Target [NYSE:TGT], some of which saw a 1.7% terms hike successful the aforesaid period. However, Amazon's income are driven by third-party sellers, which marque up implicit 60% of each units sold, and person been deed by tariffs arsenic well.