Amazon | 10-Q: Q1 2025 Earnings Report

Amazon reported strong Q1 2025 financial results with net sales increasing 9% to $155.7 billion, while operating income surged 20% to $18.4 billion. Net income jumped 64% to $17.1 billion, or $1.59 per diluted share. North America segment sales grew 8% to $92.9 billion, while International sales rose 5% to $33.5 billion. AWS maintained steady growth with revenue up 17% to $29.3 billion.Operating cash flow for the trailing twelve months increased 15% to $113.9 billion, while capital expenditures rose significantly to $93.1 billion, primarily driven by investments in technology infrastructure to support AWS growth. The company ended the quarter with $94.6 billion in cash, cash equivalents, and marketable securities, demonstrating strong liquidity position despite increased investments.For Q2 2025, Amazon expects net sales between $159.0 billion and $164.0 billion, representing growth of 7-11% compared to Q2 2024. Operating income is projected to be between $13.0 billion and $17.5 billion. The company continues to focus on operational efficiency while investing heavily in artificial intelligence infrastructure and expanding its fulfillment network capabilities.

Amazon reported strong Q1 2025 financial results with net sales increasing 9% to $155.7 billion, while operating income surged 20% to $18.4 billion. Net income jumped 64% to $17.1 billion, or $1.59 per diluted share. North America segment sales grew 8% to $92.9 billion, while International sales rose 5% to $33.5 billion. AWS maintained steady growth with revenue up 17% to $29.3 billion.Operating cash flow for the trailing twelve months increased 15% to $113.9 billion, while capital expenditures rose significantly to $93.1 billion, primarily driven by investments in technology infrastructure to support AWS growth. The company ended the quarter with $94.6 billion in cash, cash equivalents, and marketable securities, demonstrating strong liquidity position despite increased investments.For Q2 2025, Amazon expects net sales between $159.0 billion and $164.0 billion, representing growth of 7-11% compared to Q2 2024. Operating income is projected to be between $13.0 billion and $17.5 billion. The company continues to focus on operational efficiency while investing heavily in artificial intelligence infrastructure and expanding its fulfillment network capabilities.