Amazon.com Inc. logo

Amazon.com Inc.

AMZN
Q3 2025

Revenue

$180M

+7%

Net Income

$21M

+17%
AMZN
Technology
E-commerce

Amazon.com Inc.

CIK: 0001018724

Amazon.com Inc. logo

Next Earnings Report

Estimated based on historical filing patterns

Fri, May 1, 2026
Estimated
10-Q
FQ1 2026

This date is an estimate based on the company's typical quarterly filing schedule. The actual filing date may vary.

Earnings Analysis

Analyzed 11 of 12 reports

Performance Summary - Q3 2025
bullish
raised

Revenue
$180.169M
QoQ:+7.4%
YoY:+13.4%
Net Income
$21.187M
QoQ:+16.6%
YoY:+38.2%
Peer Comparison
Mag7
(6 peers)
Peers: AAPL, MSFT, GOOGL, META, TSLA, NVDA
Analyze peer companies to see comparative metrics here
Tech
(26 peers)
Peers: AAPL, MSFT, GOOGL, META, TSLA, NVDA, SNOW, PLTR, NET, CRWD, DDOG, ZS, OKTA, MDB, TEAM, U, RBLX, AMD, INTC, QCOM, AVGO, COIN, HOOD, CORZ, DOCN, IONQ
Analyze peer companies to see comparative metrics here

Financial Performance Trend

Sentiment:
neut
bull
bull
bull
bull
bull
bull
bull
bull
bull
bull
Guidance:
maintain
maintain
maintain
maintain
maintain
raised
maintain
maintain
maintain
raised
raised

Overall Analysis & Outlook

Over the past 5 quarters, Amazon.com Inc. has been consistently bullish with multiple guidance raises. Revenue has grown 41.5% during this period. The latest quarter shows bullish sentiment with positive tone from management.

Latest Quarter Highlights:

Amazon delivered strong Q3 results with record quarterly revenue of $180.2 billion and net income of $21.2 billion. AWS continues to drive growth, while the company maintains cost discipline through strategic headcount reductions.

Detailed Quarterly Reports

In-depth analysis of each quarter's earnings filing

Q3 2025

10-Q • Filed 10/31/2025

bullish

Summary

Amazon delivered strong Q3 results with record quarterly revenue of $180.2 billion and net income of $21.2 billion. AWS continues to drive growth, while the company maintains cost discipline through strategic headcount reductions.

Revenue

$180.169M

Net Income

$21.187M

Guidance

raised

Tone

positive

Capex

$35.095M

Partnerships

Anthropic

Key Quotes

"Technology infrastructure assets continue to expand, particularly in AI and machine learning"

"We continue to invest strategically in high-growth areas like cloud services and AI"

Q2 2025

10-Q • Filed 8/1/2025

bullish

Summary

Amazon delivered strong Q2 2025 results, with robust revenue growth and significant net income expansion. AWS continues to be a key growth driver, and the company is making strategic investments in technology infrastructure and AI capabilities.

Revenue

$167.702M

Net Income

$18.164M

Guidance

raised

Tone

positive

Capex

$32.183M(+82.4% YoY)

Partnerships

Anthropic

Key Quotes

"We are seeing continued strong growth in our AWS segment, driven by customer demand for advanced cloud and AI services"

"Our investments in technology infrastructure and AI are positioning us for long-term growth and innovation"

Q1 2025

10-Q • Filed 5/2/2025

bullish

Summary

Amazon delivered strong Q1 2025 results with 9% revenue growth and 64% net income growth. AWS continued its robust performance with 17% sales growth, while North America and International segments showed steady expansion. The company continues to invest heavily in technology infrastructure, particularly in AI-related capabilities.

Revenue

$155.667M

Net Income

$17.127M

Guidance

maintained

Tone

positive

Capex

$27.449M(+88.5% YoY)

Key Quotes

"We expect cash capital expenditures to increase in 2025, primarily driven by investments in technology infrastructure"

"The shorter useful lives are due to the increased pace of technology development, particularly in the area of artificial intelligence and machine learning"

Q4 2024

10-K • Filed 2/7/2025

bullish

Summary

Amazon delivered strong financial performance in 2024, with 11% revenue growth and record net income of $59.2 billion. The company continues to invest heavily in technology infrastructure, AI, and cloud services while maintaining operational efficiency.

Revenue

$187.792M

Net Income

$59.21B

Guidance

maintained

Tone

cautious

Capex

$83.00B(+57.3% YoY)

Partnerships

Anthropic AI investment
Rivian strategic partnership
AWS cloud services partnerships

Key Quotes

"We seek to increase unit sales across our stores, through increased product selection, across numerous product categories."

"We believe that advances in technology, specifically artificial intelligence and machine learning, will continue to improve users' experience"

"Our financial focus is on long-term, sustainable growth in free cash flows"

Q3 2024

10-Q • Filed 11/1/2024

bullish

Summary

Amazon delivered strong Q3 2024 results with total net sales of $158.9 billion and net income of $15.3 billion. AWS continued to be a key growth driver, while North America and International segments showed solid performance. Operating cash flow remained robust at $26 billion.

Revenue

$158.877M

Net Income

$15.328M

Guidance

maintained

Tone

positive

Capex

$22.62M

Key Quotes

"We expect cash capital expenditures to meaningfully increase in 2024, primarily driven by investments in technology infrastructure."

"Operating results for the periods presented are not necessarily indicative of the results that may be expected for 2024 due to seasonal and other factors."

Q2 2024

10-Q • Filed 8/2/2024

bullish

Summary

Amazon delivered strong Q2 2024 results with robust revenue growth across all segments. Net income of $13.485 billion and operating cash flow of $25.281 billion reflect the company's continued operational efficiency and market strength.

Revenue

$147.977M

Net Income

$13.485M

Guidance

raised

Tone

positive

Capex

$17.62M

Key Quotes

"We expect cash capital expenditures to meaningfully increase in 2024, primarily driven by investments in technology infrastructure."

"Cash flows generated from operations and our cash balances will be sufficient to meet our anticipated operating cash needs for at least the next twelve months."

Q1 2024

10-Q • Filed 5/1/2024

bullish

Summary

Amazon delivered strong Q1 2024 performance with 13% revenue growth and a significant increase in operating income. AWS continued to show robust growth, and the company maintained a positive outlook despite macroeconomic challenges.

Revenue

$143.313M

Net Income

$10.431M

Guidance

maintained

Tone

positive

Capex

$14.925M

Key Quotes

"Our sales growth primarily reflects increased unit sales, including sales by third-party sellers, advertising sales, and subscription services"

"We expect cash capital expenditures to meaningfully increase in 2024, primarily driven by investments in technology infrastructure"

Q4 2023

10-K • Filed 2/2/2024

bullish

Summary

Amazon delivered strong financial performance in 2023, with total revenue of $574.8 billion and net income of $30.4 billion. The company continues to invest strategically in AWS, AI technologies, and expand its diverse business portfolio while maintaining operational efficiency.

Revenue

$169.961M

Net Income

$13.79B

Guidance

maintained

Tone

cautious

Capex

$48.13B

Partnerships

Anthropic
One Medical

Key Quotes

"We seek to be Earth's most customer-centric company."

"We believe that advances in technology, specifically the speed and reduced cost of processing power, data storage and analytics, improved wireless connectivity, and the practical applications of artificial intelligence and machine learning, will continue to improve users' experience on the internet."

Q3 2023

10-Q • Filed 10/27/2023

bullish

Summary

Amazon delivered strong Q3 2023 results with robust revenue growth across all segments, particularly AWS and advertising. The company continues to focus on cost optimization while investing strategically in emerging technologies like AI.

Revenue

$143.083M

Net Income

$9.88B

Guidance

maintained

Tone

positive

Capex

$12.48B(-23.8% YoY)

Partnerships

Anthropic
One Medical
Rivian

Key Quotes

"We expect cash capital expenditures to decrease in 2023, primarily due to lower spending on our fulfillment network"

"We invested $1.25 billion in a note from Anthropic, PBC, which is convertible into equity"

Q2 2023

10-Q • Filed 8/4/2023

bullish

Summary

Amazon delivered strong Q2 2023 performance with robust revenue growth and return to profitability. AWS continues to be a key profit driver, while the company is managing costs through headcount reductions and careful capex spending.

Revenue

$134.383M

Net Income

$6.75B

Guidance

maintained

Tone

positive

Capex

$11.46B(-27.1% YoY)

Key Quotes

"We expect cash capital expenditures to decrease in 2023, primarily due to lower spending on our fulfillment network"

"Operating cash flows result primarily from cash received from our consumer, seller, developer, enterprise, and content creator customers"

Q1 2023

10-Q • Filed 4/28/2023

neutral

Summary

Amazon delivered modest Q1 2023 growth with 9% revenue increase and return to profitability. AWS growth slowed to 16%, reflecting enterprise cost optimization efforts, while North America segment showed resilience with 11% growth.

Revenue

$127.358M

Net Income

$3.172M

Guidance

maintained

Tone

cautious

Capex

$14.207M

Key Quotes

"We expect the current macroeconomic environment and enterprise customer cost optimization efforts to impact our AWS revenue growth rates."

"We expect some or all of these factors to continue to impact our operations into Q2 2023."

Sector Comparison

How AMZN performs vs Technology sector and E-commerce peers

Sector Ranking (Technology)

#9of 14

Category Ranking (E-commerce)

#1of 1

Key Metrics vs Averages

Revenue (Quarterly)
At average

AMZN

$180.169M

E-commerce Avg

$180.169M

Technology Avg

$13,544.666M

Overall Sentiment
bullish

Guidance: raised • Tone: positive