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Amazon

AMZN Q4 2025 Earnings

Reported Feb 5, 2026 at 4:25 PM ET · SEC Source

Q4 25 EPS

$1.95

BEAT +0.00%

Est. $1.95

Q4 25 Revenue

$213.39B

vs S&P Since Q4 25

+31.3%

BEATING MARKET

AMZN +35.7% vs S&P +4.3%

Full Year 2025 Results

FY 25 EPS

$7.17

FY 25 Revenue

$716.92B

Market Reaction

Did AMZN Beat Earnings? Q4 2025 Results

Amazon matched Wall Street's expectations in the fourth quarter of fiscal 2025, reporting earnings per share of $1.95 in line with the consensus estimate, while revenue climbed 13.6% year-over-year to $213.39 billion, reflecting broad momentum across… Read more Amazon matched Wall Street's expectations in the fourth quarter of fiscal 2025, reporting earnings per share of $1.95 in line with the consensus estimate, while revenue climbed 13.6% year-over-year to $213.39 billion, reflecting broad momentum across its retail and cloud businesses. The headline driver was Amazon Web Services, which grew 24%, its fastest pace in 13 quarters, helping push consolidated operating income to $24.98 billion, up from $21.20 billion a year ago, even as the quarter absorbed roughly $2.44 billion in special charges tied to an Italian tax settlement, severance costs, and asset impairments. AWS carried a 35.0% operating margin, while North America's margin widened to 9.0% from 8.0%. For the full year, net sales crossed $716.92 billion and net income reached $77.67 billion. Looking ahead, Amazon guided first-quarter 2026 revenue of $173.50 billion to $178.50 billion and operating income of $16.50 billion to $21.50 billion, with the company flagging roughly $1.00 billion in higher satellite costs and approximately $200.00 billion in planned capital expenditures across 2026 to fund AI infrastructure, custom chips, and low-earth-orbit satellite buildout.

Key Takeaways

  • • AWS growth accelerated to 24%, fastest in 13 quarters, driven by AI demand
  • • Advertising services grew 22% year-over-year to $21.3 billion
  • • Custom chips (Trainium and Graviton) combined annual revenue run rate exceeded $10 billion with triple-digit YoY growth
  • • Rufus AI shopping assistant used by 300 million+ customers, contributing nearly $12 billion in incremental annualized sales
  • • Same-day delivery volume grew nearly 70% YoY in the U.S., reaching nearly 100 million customers
  • • Favorable foreign exchange impact of $2.8 billion on Q4 net sales
  • • Third-party seller services grew 11% to $52.8 billion
  • • Amazon Connect reached $1 billion annualized revenue run rate growing over 30%
24/7 Wall St

AMZN YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

AMZN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 24 Q1 26
24/7 Wall St

AMZN Revenue by Geography

With YoY comparisons, source: SEC Filings

Q2 24 Q1 26

“AWS growing 24% (our fastest growth in 13 quarters), Advertising growing 22%, Stores growing briskly across North America and International, our chips business growing triple digit percentages year-over-year—this growth is happening because we're continuing to innovate at a rapid rate, and identify and knock down customer problems.”

— Andy Jassy, Q4 2025 Earnings Press Release

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