Amazon.com Announces Second Quarter Results
-
Net sales increased
13% to$167.7 billion $148.0 billion $1.5 billion 12% compared with second quarter 2024.-
North America segment sales increased11% year-over-year to$100.1 billion -
International segment sales increased
16% year-over-year to$36.8 billion 11% excluding changes in foreign exchange rates. -
AWS segment sales increased
17.5% year-over-year to$30.9 billion
-
-
Operating income increased to
$19.2 billion $14.7 billion -
North America segment operating income was$7.5 billion $5.1 billion -
International segment operating income was
$1.5 billion $0.3 billion -
AWS segment operating income was
$10.2 billion $9.3 billion
-
-
Net income increased to
$18.2 billion $1.68 $13.5 billion $1.26 -
Operating cash flow increased
12% to$121.1 billion $108.0 billion -
Free cash flow decreased to
$18.2 billion $53.0 billion
“Our conviction that AI will change every customer experience is starting to play out as we’ve expanded Alexa+ to millions of customers, continue to see our shopping agent used by many millions of customers, launched AI models like DeepFleet that optimize productivity paths for our 1M+ robots, made it much easier for software developers to write code with Kiro (our new agentic IDE), launched Strands to make it easier to build AI agents, and released Bedrock AgentCore to enable agents to be operated securely and scalably,” said Andy Jassy, President and CEO, Amazon. “Our AI progress across the board continues to improve our customer experiences, speed of innovation, operational efficiency, and business growth, and I’m excited for what lies ahead.”
Some other highlights since the company’s last earnings announcement include that Amazon:
- Held its biggest Prime Day event ever, with customers saving billions of dollars and independent sellers achieving record sales.
-
Announced expansion of Same-Day and Next-Day Delivery to tens of millions of
U.S. customers in 4,000+ smaller cities, towns, and rural communities by end of 2025. - Expanded selection with brands like Away, Aveda, Marc Jacobs Fragrances, Milk Makeup, and Origins.
-
Announced a Nike storefront on Amazon.com where
U.S. customers will be able to shop a range of footwear, apparel, and accessories. - Launched generative AI tools to enhance shopping experience, including “Hear the highlights” to turn product summaries and reviews into audio clips, and “Enhance My Listing” to keep listings current and compelling.
- Expanded Alexa+ Early Access to millions of customers.
- Increased Project Kuiper’s satellite internet fleet in low earth orbit with two successful launches.
- Announced Prime Video’s NBA broadcast team, including Stan Van Gundy, Kevin Harlan, Dwyane Wade, Taylor Rooks, Blake Griffin, Dirk Nowitzki, Steve Nash, and Candace Parker.
- Drew approximately 2 million viewers per race and youngest audience among NASCAR broadcasters in more than a decade to Prime Video’s NASCAR Cup Series coverage.
- Announced Denis Villeneuve as director of next James Bond film.
-
Announced integration with Roku that gives advertisers access to largest authenticated Connected TV footprint in the
U.S. , reaching an estimated 80 million households. -
Innovated across Amazon Nova, including:
- The most comprehensive suite of model customization capabilities.
- Launched Nova Act, which makes it much easier for customers to build agents that can take automated actions across websites.
- Expanded languages for Nova Sonic voice AI to include Spanish, French, Italian, and German.
- Signed new AWS agreements with PepsiCo, Airbnb, Peloton, London Stock Exchange, Nissan Motor Co., GitLab Inc., SAP, Warner Bros. Discovery Sports, TwelveLabs, FICO, Iberia Airlines, SK Telecom, and NatWest Group.
-
Announced “AI Zones” in the
Kingdom of Saudi Arabia (with HUMAIN) andKorea (with SK Group). -
Announced multi-billion dollar investments to expand cloud infrastructure and advance AI innovation in
North Carolina ,Pennsylvania , andAustralia . -
Announced new AWS offerings, including:
- Kiro, an agentic integrated development environment that transforms software development through innovations like spec-driven development, intelligent agent hooks, and a purpose-built interface for developer workflows.
- Bedrock AgentCore for deploying and operating highly capable agents securely at enterprise scale.
-
General availability of AWS Transform, an AWS agent that cuts mainframe modernization timelines from years to months, completes VMware network conversions up to 80x faster, and reduces operating costs for .NET applications by up to
40% . - Strands Agents, an open source tool that enables developers to more easily build new agents, offering support for popular open source frameworks like A2A and MCP.
- AI agents and tools in AWS Marketplace, with listings from leading providers including Anthropic, Accenture, PwC, Salesforce, and IBM, so customers can easily discover and deploy agents.
- New foundation models in Amazon Bedrock, including Anthropic’s Claude 4 and TwelveLabs’ Marengo and Pegasus.
- General availability of Amazon EC2 instances powered by NVIDIA Grace Blackwell Superchips, AWS’s most powerful GPU-accelerated instance for training and deploying the largest, most sophisticated AI models.
- General availability of Oracle Database@AWS for seamless migration of Oracle Exadata and RAC workloads, zero-ETL integration with Amazon Redshift, and ability to build powerful ML and AI applications.
-
Amazon S3 Vectors, which delivers vector storage for AI agents, AI inference, and semantic search, reducing the cost of uploading, storing, and querying vectors by up to
90% .
-
Introduced DeepFleet, an AI model that makes Amazon’s one million+ robots work smarter by coordinating movements to find optimal paths and reduce bottlenecks, improving robot travel efficiency by
10% . -
Enhanced inventory management with AI-powered demand forecasting, improving regional accuracy by
20% , and optimizing inventory placement and delivery speeds for millions of popular items. - Introduced Vulcan, Amazon’s first robot to combine sight and touch to navigate cluttered spaces like humans do, making jobs safer and easier.
- Announced 700,000+ employees participated in upskilling programs to date.
-
Launched new robotics and engineering apprenticeships for
U.S. employees. - Announced 134,000+ employees in 55 countries participated in Amazon’s Global Month of Volunteering, supporting 2,500+ organizations and communities.
-
Announced expansion of water recycling to 120+ AWS
U.S. data centers by 2030, expected to preserve over 530 million gallons of drinking water annually. -
Supported communities impacted by flooding in central
Texas by donating 68,000+ relief items.
Financial Guidance
The following forward-looking statements reflect Amazon.com’s expectations as of July 31, 2025, and are subject to substantial uncertainty. Our results are inherently unpredictable and may be materially affected by many factors, such as fluctuations in foreign exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, and customer demand and spending (including the impact of recessionary fears), inflation, interest rates, regional labor market constraints, world events, the rate of growth of the internet, online commerce, cloud services, and new and emerging technologies, and the various factors detailed below.
Third Quarter 2025 Guidance
-
Net sales are expected to be between
$174.0 billion $179.5 billion 10% and13% compared with third quarter 2024. This guidance anticipates a favorable impact of approximately 130 basis points from foreign exchange rates. -
Operating income is expected to be between
$15.5 billion $20.5 billion $17.4 billion - This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded.
Conference Call Information
A conference call will be webcast live today at 2:00 p.m. PT/5:00 p.m. ET, and will be available for at least three months at amazon.com/ir. This call will contain forward-looking statements and other material information regarding the Company’s financial and operating results.
Forward-Looking Statements
These forward-looking statements are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, in addition to the factors discussed above, the amount that Amazon.com invests in new business opportunities and the timing of those investments, the mix of products and services sold to customers, the mix of net sales derived from products as compared with services, the extent to which we owe income or other taxes, competition, management of growth, potential fluctuations in operating results, international growth and expansion, the outcomes of claims, litigation, government investigations, and other proceedings, fulfillment, sortation, delivery, and data center optimization, risks of inventory management, variability in demand, the degree to which the Company enters into, maintains, and develops commercial agreements, proposed and completed acquisitions and strategic transactions, payments risks, and risks of fulfillment throughput and productivity. Other risks and uncertainties include, among others, risks related to new products, services, and technologies, security incidents, system interruptions, government regulation and taxation, and fraud. In addition, global economic and geopolitical conditions and additional or unforeseen circumstances, developments, or events may give rise to or amplify many of these risks. More information about factors that potentially could affect Amazon.com’s financial results is included in Amazon.com’s filings with the Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent filings.
Additional Information
Our investor relations website is amazon.com/ir and we encourage investors to use it as a way of easily finding information about us. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information (including our Code of Business Conduct and Ethics), and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
AMAZON.COM, INC. Consolidated Statements of Cash Flows (in millions) (unaudited) |
|||||||||||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
Twelve Months Ended June 30, |
||||||||||||||||||
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD |
$ |
73,332 |
|
|
$ |
69,893 |
|
|
$ |
73,890 |
|
|
$ |
82,312 |
|
|
$ |
50,067 |
|
|
$ |
71,673 |
|
OPERATING ACTIVITIES: |
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Net income |
|
13,485 |
|
|
|
18,164 |
|
|
|
23,916 |
|
|
|
35,291 |
|
|
|
44,419 |
|
|
|
70,623 |
|
Adjustments to reconcile net income to net cash from operating activities: |
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other |
|
12,038 |
|
|
|
15,227 |
|
|
|
23,722 |
|
|
|
29,489 |
|
|
|
49,673 |
|
|
|
58,562 |
|
Stock-based compensation |
|
6,722 |
|
|
|
6,534 |
|
|
|
11,683 |
|
|
|
10,223 |
|
|
|
23,831 |
|
|
|
20,551 |
|
Non-operating expense (income), net |
|
(95 |
) |
|
|
(1,258 |
) |
|
|
2,639 |
|
|
|
(4,075 |
) |
|
|
1,310 |
|
|
|
(4,702 |
) |
Deferred income taxes |
|
(785 |
) |
|
|
11 |
|
|
|
(1,723 |
) |
|
|
518 |
|
|
|
(4,383 |
) |
|
|
(2,407 |
) |
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Inventories |
|
(3,085 |
) |
|
|
(4,054 |
) |
|
|
(1,309 |
) |
|
|
(5,276 |
) |
|
|
2,142 |
|
|
|
(5,851 |
) |
Accounts receivable, net and other |
|
(2,209 |
) |
|
|
(1,125 |
) |
|
|
1,475 |
|
|
|
122 |
|
|
|
(9,556 |
) |
|
|
(4,602 |
) |
Other assets |
|
(3,055 |
) |
|
|
(2,971 |
) |
|
|
(5,756 |
) |
|
|
(6,373 |
) |
|
|
(11,692 |
) |
|
|
(15,100 |
) |
Accounts payable |
|
6,005 |
|
|
|
7,058 |
|
|
|
(5,277 |
) |
|
|
(1,985 |
) |
|
|
8,431 |
|
|
|
6,264 |
|
Accrued expenses and other |
|
(4,147 |
) |
|
|
(4,952 |
) |
|
|
(7,075 |
) |
|
|
(9,013 |
) |
|
|
(1,802 |
) |
|
|
(4,842 |
) |
Unearned revenue |
|
407 |
|
|
|
(119 |
) |
|
|
1,975 |
|
|
|
609 |
|
|
|
5,579 |
|
|
|
2,641 |
|
Net cash provided by (used in) operating activities |
|
25,281 |
|
|
|
32,515 |
|
|
|
44,270 |
|
|
|
49,530 |
|
|
|
107,952 |
|
|
|
121,137 |
|
INVESTING ACTIVITIES: |
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Purchases of property and equipment |
|
(17,620 |
) |
|
|
(32,183 |
) |
|
|
(32,545 |
) |
|
|
(57,202 |
) |
|
|
(59,612 |
) |
|
|
(107,656 |
) |
Proceeds from property and equipment sales and incentives |
|
1,227 |
|
|
|
815 |
|
|
|
2,217 |
|
|
|
1,579 |
|
|
|
4,633 |
|
|
|
4,703 |
|
Acquisitions, net of cash acquired, non-marketable investments, and other, net |
|
(571 |
) |
|
|
(1,700 |
) |
|
|
(3,925 |
) |
|
|
(1,652 |
) |
|
|
(5,935 |
) |
|
|
(4,809 |
) |
Sales and maturities of marketable securities |
|
3,265 |
|
|
|
11,441 |
|
|
|
4,657 |
|
|
|
19,178 |
|
|
|
7,618 |
|
|
|
30,924 |
|
Purchases of marketable securities |
|
(8,439 |
) |
|
|
(17,797 |
) |
|
|
(10,404 |
) |
|
|
(31,130 |
) |
|
|
(11,058 |
) |
|
|
(46,731 |
) |
Net cash provided by (used in) investing activities |
|
(22,138 |
) |
|
|
(39,424 |
) |
|
|
(40,000 |
) |
|
|
(69,227 |
) |
|
|
(64,354 |
) |
|
|
(123,569 |
) |
FINANCING ACTIVITIES: |
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Proceeds from short-term debt, and other |
|
525 |
|
|
|
2,093 |
|
|
|
863 |
|
|
|
3,908 |
|
|
|
1,813 |
|
|
|
8,187 |
|
Repayments of short-term debt, and other |
|
(229 |
) |
|
|
(1,392 |
) |
|
|
(633 |
) |
|
|
(3,474 |
) |
|
|
(15,066 |
) |
|
|
(7,901 |
) |
Proceeds from long-term debt |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
746 |
|
|
|
— |
|
|
|
746 |
|
Repayments of long-term debt |
|
(4,169 |
) |
|
|
(2,751 |
) |
|
|
(4,499 |
) |
|
|
(2,751 |
) |
|
|
(4,789 |
) |
|
|
(7,434 |
) |
Principal repayments of finance leases |
|
(538 |
) |
|
|
(411 |
) |
|
|
(1,308 |
) |
|
|
(821 |
) |
|
|
(3,092 |
) |
|
|
(1,556 |
) |
Principal repayments of financing obligations |
|
(79 |
) |
|
|
(78 |
) |
|
|
(169 |
) |
|
|
(194 |
) |
|
|
(306 |
) |
|
|
(694 |
) |
Net cash provided by (used in) financing activities |
|
(4,490 |
) |
|
|
(2,539 |
) |
|
|
(5,746 |
) |
|
|
(2,586 |
) |
|
|
(21,440 |
) |
|
|
(8,652 |
) |
Foreign currency effect on cash, cash equivalents, and restricted cash |
|
(312 |
) |
|
|
1,008 |
|
|
|
(741 |
) |
|
|
1,424 |
|
|
|
(552 |
) |
|
|
864 |
|
Net increase (decrease) in cash, cash equivalents, and restricted cash |
|
(1,659 |
) |
|
|
(8,440 |
) |
|
|
(2,217 |
) |
|
|
(20,859 |
) |
|
|
21,606 |
|
|
|
(10,220 |
) |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD |
$ |
71,673 |
|
|
$ |
61,453 |
|
|
$ |
71,673 |
|
|
$ |
61,453 |
|
|
$ |
71,673 |
|
|
$ |
61,453 |
|
SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Cash paid for interest on debt, net of capitalized interest |
$ |
680 |
|
|
$ |
523 |
|
|
$ |
949 |
|
|
$ |
759 |
|
|
$ |
2,201 |
|
|
$ |
1,668 |
|
Cash paid for operating leases |
|
2,844 |
|
|
|
3,758 |
|
|
|
6,176 |
|
|
|
7,320 |
|
|
|
11,634 |
|
|
|
13,485 |
|
Cash paid for interest on finance leases |
|
72 |
|
|
|
72 |
|
|
|
146 |
|
|
|
143 |
|
|
|
296 |
|
|
|
284 |
|
Cash paid for interest on financing obligations |
|
50 |
|
|
|
52 |
|
|
|
114 |
|
|
|
107 |
|
|
|
210 |
|
|
|
212 |
|
Cash paid for income taxes, net of refunds |
|
5,700 |
|
|
|
4,761 |
|
|
|
6,158 |
|
|
|
5,638 |
|
|
|
12,983 |
|
|
|
11,788 |
|
Assets acquired under operating leases |
|
3,911 |
|
|
|
4,621 |
|
|
|
7,664 |
|
|
|
8,942 |
|
|
|
13,986 |
|
|
|
16,702 |
|
Property and equipment acquired under finance leases, net of remeasurements and modifications |
|
181 |
|
|
|
937 |
|
|
|
223 |
|
|
|
991 |
|
|
|
617 |
|
|
|
1,622 |
|
Increase (decrease) in property and equipment acquired but not yet paid |
|
2,760 |
|
|
|
(1,600 |
) |
|
|
3,171 |
|
|
|
1,508 |
|
|
|
3,791 |
|
|
|
5,376 |
|
AMAZON.COM, INC. Consolidated Statements of Operations (in millions, except per share data) (unaudited) |
|||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
||||||||||
Net product sales |
$ |
61,569 |
|
|
$ |
68,246 |
|
|
$ |
122,484 |
|
|
$ |
132,216 |
|
Net service sales |
|
86,408 |
|
|
|
99,456 |
|
|
|
168,806 |
|
|
|
191,153 |
|
Total net sales |
|
147,977 |
|
|
|
167,702 |
|
|
|
291,290 |
|
|
|
323,369 |
|
Operating expenses: |
|
|
|
|
|
|
|
||||||||
Cost of sales |
|
73,785 |
|
|
|
80,809 |
|
|
|
146,418 |
|
|
|
157,785 |
|
Fulfillment |
|
23,566 |
|
|
|
25,976 |
|
|
|
45,883 |
|
|
|
50,569 |
|
Technology and infrastructure |
|
22,304 |
|
|
|
27,166 |
|
|
|
42,728 |
|
|
|
50,160 |
|
Sales and marketing |
|
10,512 |
|
|
|
11,416 |
|
|
|
20,174 |
|
|
|
21,179 |
|
General and administrative |
|
3,041 |
|
|
|
2,965 |
|
|
|
5,783 |
|
|
|
5,593 |
|
Other operating expense (income), net |
|
97 |
|
|
|
199 |
|
|
|
325 |
|
|
|
507 |
|
Total operating expenses |
|
133,305 |
|
|
|
148,531 |
|
|
|
261,311 |
|
|
|
285,793 |
|
Operating income |
|
14,672 |
|
|
|
19,171 |
|
|
|
29,979 |
|
|
|
37,576 |
|
Interest income |
|
1,180 |
|
|
|
1,085 |
|
|
|
2,173 |
|
|
|
2,151 |
|
Interest expense |
|
(589 |
) |
|
|
(516 |
) |
|
|
(1,233 |
) |
|
|
(1,057 |
) |
Other income (expense), net |
|
(18 |
) |
|
|
1,117 |
|
|
|
(2,691 |
) |
|
|
3,866 |
|
Total non-operating income (expense) |
|
573 |
|
|
|
1,686 |
|
|
|
(1,751 |
) |
|
|
4,960 |
|
Income before income taxes |
|
15,245 |
|
|
|
20,857 |
|
|
|
28,228 |
|
|
|
42,536 |
|
Provision for income taxes |
|
(1,767 |
) |
|
|
(2,678 |
) |
|
|
(4,234 |
) |
|
|
(7,231 |
) |
Equity-method investment activity, net of tax |
|
7 |
|
|
|
(15 |
) |
|
|
(78 |
) |
|
|
(14 |
) |
Net income |
$ |
13,485 |
|
|
$ |
18,164 |
|
|
$ |
23,916 |
|
|
$ |
35,291 |
|
Basic earnings per share |
$ |
1.29 |
|
|
$ |
1.71 |
|
|
$ |
2.30 |
|
|
$ |
3.32 |
|
Diluted earnings per share |
$ |
1.26 |
|
|
$ |
1.68 |
|
|
$ |
2.24 |
|
|
$ |
3.27 |
|
Weighted-average shares used in computation of earnings per share: |
|
|
|
|
|
|
|
||||||||
Basic |
|
10,447 |
|
|
|
10,637 |
|
|
|
10,420 |
|
|
|
10,620 |
|
Diluted |
|
10,708 |
|
|
|
10,806 |
|
|
|
10,689 |
|
|
|
10,800 |
|
AMAZON.COM, INC. Consolidated Statements of Comprehensive Income (in millions) (unaudited) |
|||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
||||||||||
Net income |
$ |
13,485 |
|
|
$ |
18,164 |
|
|
$ |
23,916 |
|
|
$ |
35,291 |
|
Other comprehensive income (loss): |
|
|
|
|
|
|
|
||||||||
Foreign currency translation adjustments, net of tax of |
|
(637 |
) |
|
|
3,314 |
|
|
|
(1,733 |
) |
|
|
4,849 |
|
Available-for-sale debt securities: |
|
|
|
|
|
|
|
||||||||
Change in net unrealized gains (losses), net of tax of |
|
241 |
|
|
|
40 |
|
|
|
777 |
|
|
|
77 |
|
Less: reclassification adjustment for losses (gains) included in “Other income (expense), net,” net of tax of |
|
3 |
|
|
|
(17 |
) |
|
|
4 |
|
|
|
(2,471 |
) |
Net change |
|
244 |
|
|
|
23 |
|
|
|
781 |
|
|
|
(2,394 |
) |
Other, net of tax of |
|
(2 |
) |
|
|
(3 |
) |
|
|
(1 |
) |
|
|
(1 |
) |
Total other comprehensive income (loss) |
|
(395 |
) |
|
|
3,334 |
|
|
|
(953 |
) |
|
|
2,454 |
|
Comprehensive income |
$ |
13,090 |
|
|
$ |
21,498 |
|
|
$ |
22,963 |
|
|
$ |
37,745 |
|
AMAZON.COM, INC. Segment Information (in millions) (unaudited) |
|||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
||||||||
Net sales |
$ |
90,033 |
|
|
$ |
100,068 |
|
|
$ |
176,374 |
|
|
$ |
192,955 |
|
Operating expenses |
|
84,968 |
|
|
|
92,551 |
|
|
|
166,326 |
|
|
|
179,597 |
|
Operating income |
$ |
5,065 |
|
|
$ |
7,517 |
|
|
$ |
10,048 |
|
|
$ |
13,358 |
|
|
|
|
|
|
|
|
|
||||||||
International |
|
|
|
|
|
|
|
||||||||
Net sales |
$ |
31,663 |
|
|
$ |
36,761 |
|
|
$ |
63,598 |
|
|
$ |
70,274 |
|
Operating expenses |
|
31,390 |
|
|
|
35,267 |
|
|
|
62,422 |
|
|
|
67,763 |
|
Operating income |
$ |
273 |
|
|
$ |
1,494 |
|
|
$ |
1,176 |
|
|
$ |
2,511 |
|
|
|
|
|
|
|
|
|
||||||||
AWS |
|
|
|
|
|
|
|
||||||||
Net sales |
$ |
26,281 |
|
|
$ |
30,873 |
|
|
$ |
51,318 |
|
|
$ |
60,140 |
|
Operating expenses |
|
16,947 |
|
|
|
20,713 |
|
|
|
32,563 |
|
|
|
38,433 |
|
Operating income |
$ |
9,334 |
|
|
$ |
10,160 |
|
|
$ |
18,755 |
|
|
$ |
21,707 |
|
|
|
|
|
|
|
|
|
||||||||
Consolidated |
|
|
|
|
|
|
|
||||||||
Net sales |
$ |
147,977 |
|
|
$ |
167,702 |
|
|
$ |
291,290 |
|
|
$ |
323,369 |
|
Operating expenses |
|
133,305 |
|
|
|
148,531 |
|
|
|
261,311 |
|
|
|
285,793 |
|
Operating income |
|
14,672 |
|
|
|
19,171 |
|
|
|
29,979 |
|
|
|
37,576 |
|
Total non-operating income (expense) |
|
573 |
|
|
|
1,686 |
|
|
|
(1,751 |
) |
|
|
4,960 |
|
Provision for income taxes |
|
(1,767 |
) |
|
|
(2,678 |
) |
|
|
(4,234 |
) |
|
|
(7,231 |
) |
Equity-method investment activity, net of tax |
|
7 |
|
|
|
(15 |
) |
|
|
(78 |
) |
|
|
(14 |
) |
Net income |
$ |
13,485 |
|
|
$ |
18,164 |
|
|
$ |
23,916 |
|
|
$ |
35,291 |
|
|
|
|
|
|
|
|
|
||||||||
Segment Highlights: |
|
|
|
|
|
|
|
||||||||
Y/Y net sales growth: |
|
|
|
|
|
|
|
||||||||
|
|
9 |
% |
|
|
11 |
% |
|
|
11 |
% |
|
|
9 |
% |
International |
|
7 |
|
|
|
16 |
|
|
|
8 |
|
|
|
10 |
|
AWS |
|
19 |
|
|
|
17 |
|
|
|
18 |
|
|
|
17 |
|
Consolidated |
|
10 |
|
|
|
13 |
|
|
|
11 |
|
|
|
11 |
|
Net sales mix: |
|
|
|
|
|
|
|
||||||||
|
|
61 |
% |
|
|
60 |
% |
|
|
60 |
% |
|
|
60 |
% |
International |
|
21 |
|
|
|
22 |
|
|
|
22 |
|
|
|
22 |
|
AWS |
|
18 |
|
|
|
18 |
|
|
|
18 |
|
|
|
18 |
|
Consolidated |
|
100 |
% |
|
|
100 |
% |
|
|
100 |
% |
|
|
100 |
% |
AMAZON.COM, INC. Consolidated Balance Sheets (in millions, except per share data) (unaudited) |
|||||||
|
December 31, 2024 |
|
June 30, 2025 |
||||
|
|
|
|
||||
ASSETS |
|
|
|
||||
Current assets: |
|
|
|
||||
Cash and cash equivalents |
$ |
78,779 |
|
|
$ |
57,741 |
|
Marketable securities |
|
22,423 |
|
|
|
35,439 |
|
Inventories |
|
34,214 |
|
|
|
40,825 |
|
Accounts receivable, net and other |
|
55,451 |
|
|
|
57,415 |
|
Total current assets |
|
190,867 |
|
|
|
191,420 |
|
Property and equipment, net |
|
252,665 |
|
|
|
297,616 |
|
Operating leases |
|
76,141 |
|
|
|
82,125 |
|
Goodwill |
|
23,074 |
|
|
|
23,155 |
|
Other assets |
|
82,147 |
|
|
|
87,854 |
|
Total assets |
$ |
624,894 |
|
|
$ |
682,170 |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
||||
Current liabilities: |
|
|
|
||||
Accounts payable |
$ |
94,363 |
|
|
$ |
98,285 |
|
Accrued expenses and other |
|
66,965 |
|
|
|
66,974 |
|
Unearned revenue |
|
18,103 |
|
|
|
21,662 |
|
Total current liabilities |
|
179,431 |
|
|
|
186,921 |
|
Long-term lease liabilities |
|
78,277 |
|
|
|
83,221 |
|
Long-term debt |
|
52,623 |
|
|
|
50,718 |
|
Other long-term liabilities |
|
28,593 |
|
|
|
27,535 |
|
Commitments and contingencies |
|
|
|
||||
Stockholders’ equity: |
|
|
|
||||
Preferred stock ( |
|
— |
|
|
|
— |
|
Common stock ( |
|
111 |
|
|
|
112 |
|
Treasury stock, at cost |
|
(7,837 |
) |
|
|
(7,837 |
) |
Additional paid-in capital |
|
120,864 |
|
|
|
130,923 |
|
Accumulated other comprehensive income (loss) |
|
(34 |
) |
|
|
2,420 |
|
Retained earnings |
|
172,866 |
|
|
|
208,157 |
|
Total stockholders’ equity |
|
285,970 |
|
|
|
333,775 |
|
Total liabilities and stockholders’ equity |
$ |
624,894 |
|
|
$ |
682,170 |
|
AMAZON.COM, INC. Supplemental Financial Information and Business Metrics (in millions, except per share data) (unaudited) |
||||||||||||||||||||
|
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Y/Y % Change |
|||||||||||||
Cash Flows and Shares |
|
|
|
|
|
|
|
|||||||||||||
Operating cash flow -- trailing twelve months (TTM) |
$ |
99,147 |
|
$ |
107,952 |
|
$ |
112,706 |
|
$ |
115,877 |
|
$ |
113,903 |
|
$ |
121,137 |
|
12 |
% |
Operating cash flow -- TTM Y/Y growth |
|
82 |
% |
|
75 |
% |
|
57 |
% |
|
36 |
% |
|
15 |
% |
|
12 |
% |
N/A |
|
Purchases of property and equipment, net of proceeds from sales and incentives -- TTM |
$ |
48,998 |
|
$ |
54,979 |
|
$ |
64,959 |
|
$ |
77,658 |
|
$ |
87,978 |
|
$ |
102,953 |
|
87 |
% |
Free cash flow -- TTM (1) |
$ |
50,149 |
|
$ |
52,973 |
|
$ |
47,747 |
|
$ |
38,219 |
|
$ |
25,925 |
|
$ |
18,184 |
|
(66 |
)% |
Common shares and stock-based awards outstanding |
|
10,788 |
|
|
10,871 |
|
|
10,872 |
|
|
10,876 |
|
|
10,876 |
|
|
10,952 |
|
1 |
% |
Common shares outstanding |
|
10,403 |
|
|
10,490 |
|
|
10,511 |
|
|
10,593 |
|
|
10,613 |
|
|
10,660 |
|
2 |
% |
Stock-based awards outstanding |
|
385 |
|
|
381 |
|
|
361 |
|
|
283 |
|
|
263 |
|
|
292 |
|
(23 |
)% |
Stock-based awards outstanding -- % of common shares outstanding |
|
3.7 |
% |
|
3.6 |
% |
|
3.4 |
% |
|
2.7 |
% |
|
2.5 |
% |
|
2.7 |
% |
N/A |
|
Results of Operations |
|
|
|
|
|
|
|
|||||||||||||
Worldwide (WW) net sales |
$ |
143,313 |
|
$ |
147,977 |
|
$ |
158,877 |
|
$ |
187,792 |
|
$ |
155,667 |
|
$ |
167,702 |
|
13 |
% |
WW net sales -- Y/Y growth, excluding F/X |
|
13 |
% |
|
11 |
% |
|
11 |
% |
|
11 |
% |
|
10 |
% |
|
12 |
% |
N/A |
|
WW net sales -- TTM |
$ |
590,740 |
|
$ |
604,334 |
|
$ |
620,128 |
|
$ |
637,959 |
|
$ |
650,313 |
|
$ |
670,038 |
|
11 |
% |
WW net sales -- TTM Y/Y growth, excluding F/X |
|
12 |
% |
|
12 |
% |
|
12 |
% |
|
11 |
% |
|
11 |
% |
|
11 |
% |
N/A |
|
Operating income |
$ |
15,307 |
|
$ |
14,672 |
|
$ |
17,411 |
|
$ |
21,203 |
|
$ |
18,405 |
|
$ |
19,171 |
|
31 |
% |
F/X impact -- favorable |
$ |
72 |
|
$ |
29 |
|
$ |
16 |
|
$ |
14 |
|
$ |
53 |
|
$ |
153 |
|
N/A |
|
Operating income -- Y/Y growth, excluding F/X |
|
219 |
% |
|
91 |
% |
|
55 |
% |
|
60 |
% |
|
20 |
% |
|
30 |
% |
N/A |
|
Operating margin -- % of WW net sales |
|
10.7 |
% |
|
9.9 |
% |
|
11.0 |
% |
|
11.3 |
% |
|
11.8 |
% |
|
11.4 |
% |
N/A |
|
Operating income -- TTM |
$ |
47,385 |
|
$ |
54,376 |
|
$ |
60,599 |
|
$ |
68,593 |
|
$ |
71,691 |
|
$ |
76,190 |
|
40 |
% |
Operating income -- TTM Y/Y growth, excluding F/X |
|
252 |
% |
|
205 |
% |
|
129 |
% |
|
86 |
% |
|
51 |
% |
|
40 |
% |
N/A |
|
Operating margin -- TTM % of WW net sales |
|
8.0 |
% |
|
9.0 |
% |
|
9.8 |
% |
|
10.8 |
% |
|
11.0 |
% |
|
11.4 |
% |
N/A |
|
Net income |
$ |
10,431 |
|
$ |
13,485 |
|
$ |
15,328 |
|
$ |
20,004 |
|
$ |
17,127 |
|
$ |
18,164 |
|
35 |
% |
Net income per diluted share |
$ |
0.98 |
|
$ |
1.26 |
|
$ |
1.43 |
|
$ |
1.86 |
|
$ |
1.59 |
|
$ |
1.68 |
|
33 |
% |
Net income -- TTM |
$ |
37,684 |
|
$ |
44,419 |
|
$ |
49,868 |
|
$ |
59,248 |
|
$ |
65,944 |
|
$ |
70,623 |
|
59 |
% |
Net income per diluted share -- TTM |
$ |
3.56 |
|
$ |
4.18 |
|
$ |
4.67 |
|
$ |
5.53 |
|
$ |
6.13 |
|
$ |
6.55 |
|
57 |
% |
(1) |
|
Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proceeds from sales and incentives.” |
AMAZON.COM, INC. Supplemental Financial Information and Business Metrics (in millions) (unaudited) |
||||||||||||||||||||
|
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Y/Y % Change |
|||||||||||||
Segments |
|
|
|
|
|
|
|
|||||||||||||
North America Segment: |
|
|
|
|
|
|
|
|||||||||||||
Net sales |
$ |
86,341 |
|
$ |
90,033 |
|
$ |
95,537 |
|
$ |
115,586 |
|
$ |
92,887 |
|
$ |
100,068 |
|
11 |
% |
Net sales -- Y/Y growth, excluding F/X |
|
12 |
% |
|
9 |
% |
|
9 |
% |
|
10 |
% |
|
8 |
% |
|
11 |
% |
N/A |
|
Net sales -- TTM |
$ |
362,288 |
|
$ |
369,775 |
|
$ |
377,425 |
|
$ |
387,497 |
|
$ |
394,043 |
|
$ |
404,078 |
|
9 |
% |
Operating income |
$ |
4,983 |
|
$ |
5,065 |
|
$ |
5,663 |
|
$ |
9,256 |
|
$ |
5,841 |
|
$ |
7,517 |
|
48 |
% |
F/X impact -- favorable (unfavorable) |
$ |
8 |
|
$ |
8 |
|
$ |
(28 |
) |
$ |
(49 |
) |
$ |
(32 |
) |
$ |
(46 |
) |
N/A |
|
Operating income -- Y/Y growth, excluding F/X |
|
454 |
% |
|
58 |
% |
|
32 |
% |
|
44 |
% |
|
18 |
% |
|
49 |
% |
N/A |
|
Operating margin -- % of |
|
5.8 |
% |
|
5.6 |
% |
|
5.9 |
% |
|
8.0 |
% |
|
6.3 |
% |
|
7.5 |
% |
N/A |
|
Operating income -- TTM |
$ |
18,962 |
|
$ |
20,816 |
|
$ |
22,172 |
|
$ |
24,967 |
|
$ |
25,825 |
|
$ |
28,277 |
|
36 |
% |
Operating margin -- TTM % of |
|
5.2 |
% |
|
5.6 |
% |
|
5.9 |
% |
|
6.4 |
% |
|
6.6 |
% |
|
7.0 |
% |
N/A |
|
International Segment: |
|
|
|
|
|
|
|
|||||||||||||
Net sales |
$ |
31,935 |
|
$ |
31,663 |
|
$ |
35,888 |
|
$ |
43,420 |
|
$ |
33,513 |
|
$ |
36,761 |
|
16 |
% |
Net sales -- Y/Y growth, excluding F/X |
|
11 |
% |
|
10 |
% |
|
12 |
% |
|
9 |
% |
|
8 |
% |
|
11 |
% |
N/A |
|
Net sales -- TTM |
$ |
134,012 |
|
$ |
135,978 |
|
$ |
139,729 |
|
$ |
142,906 |
|
$ |
144,484 |
|
$ |
149,582 |
|
10 |
% |
Operating income |
$ |
903 |
|
$ |
273 |
|
$ |
1,301 |
|
$ |
1,315 |
|
$ |
1,017 |
|
$ |
1,494 |
|
448 |
% |
F/X impact -- favorable (unfavorable) |
$ |
(3 |
) |
$ |
(94 |
) |
$ |
43 |
|
$ |
6 |
|
$ |
(56 |
) |
$ |
338 |
|
N/A |
|
Operating income -- Y/Y growth, excluding F/X |
|
N/A |
|
|
N/A |
|
|
N/A |
|
|
N/A |
|
|
19 |
% |
|
324 |
% |
N/A |
|
Operating margin -- % of International net sales |
|
2.8 |
% |
|
0.9 |
% |
|
3.6 |
% |
|
3.0 |
% |
|
3.0 |
% |
|
4.1 |
% |
N/A |
|
Operating income (loss) -- TTM |
$ |
(506 |
) |
$ |
662 |
|
$ |
2,058 |
|
$ |
3,792 |
|
$ |
3,906 |
|
$ |
5,127 |
|
674 |
% |
Operating margin -- TTM % of International net sales |
|
(0.4 |
)% |
|
0.5 |
% |
|
1.5 |
% |
|
2.7 |
% |
|
2.7 |
% |
|
3.4 |
% |
N/A |
|
AWS Segment: |
|
|
|
|
|
|
|
|||||||||||||
Net sales |
$ |
25,037 |
|
$ |
26,281 |
|
$ |
27,452 |
|
$ |
28,786 |
|
$ |
29,267 |
|
$ |
30,873 |
|
17 |
% |
Net sales -- Y/Y growth, excluding F/X |
|
17 |
% |
|
19 |
% |
|
19 |
% |
|
19 |
% |
|
17 |
% |
|
17 |
% |
N/A |
|
Net sales -- TTM |
$ |
94,440 |
|
$ |
98,581 |
|
$ |
102,974 |
|
$ |
107,556 |
|
$ |
111,786 |
|
$ |
116,378 |
|
18 |
% |
Operating income |
$ |
9,421 |
|
$ |
9,334 |
|
$ |
10,447 |
|
$ |
10,632 |
|
$ |
11,547 |
|
$ |
10,160 |
|
9 |
% |
F/X impact -- favorable (unfavorable) |
$ |
67 |
|
$ |
115 |
|
$ |
1 |
|
$ |
57 |
|
$ |
141 |
|
$ |
(139 |
) |
N/A |
|
Operating income -- Y/Y growth, excluding F/X |
|
83 |
% |
|
72 |
% |
|
50 |
% |
|
48 |
% |
|
21 |
% |
|
10 |
% |
N/A |
|
Operating margin -- % of AWS net sales |
|
37.6 |
% |
|
35.5 |
% |
|
38.1 |
% |
|
36.9 |
% |
|
39.5 |
% |
|
32.9 |
% |
N/A |
|
Operating income -- TTM |
$ |
28,929 |
|
$ |
32,898 |
|
$ |
36,369 |
|
$ |
39,834 |
|
$ |
41,960 |
|
$ |
42,786 |
|
30 |
% |
Operating margin -- TTM % of AWS net sales |
|
30.6 |
% |
|
33.4 |
% |
|
35.3 |
% |
|
37.0 |
% |
|
37.5 |
% |
|
36.8 |
% |
N/A |
|
AMAZON.COM, INC. Supplemental Financial Information and Business Metrics (in millions, except employee data) (unaudited) |
||||||||||||||||||||
|
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Y/Y % Change |
|||||||||||||
Net Sales |
|
|
|
|
|
|
|
|||||||||||||
Online stores (1) |
$ |
54,670 |
|
$ |
55,392 |
|
$ |
61,411 |
|
$ |
75,556 |
|
$ |
57,407 |
|
$ |
61,485 |
|
11 |
% |
Online stores -- Y/Y growth, excluding F/X |
|
7 |
% |
|
6 |
% |
|
8 |
% |
|
8 |
% |
|
6 |
% |
|
10 |
% |
N/A |
|
Physical stores (2) |
$ |
5,202 |
|
$ |
5,206 |
|
$ |
5,228 |
|
$ |
5,579 |
|
$ |
5,533 |
|
$ |
5,595 |
|
7 |
% |
Physical stores -- Y/Y growth, excluding F/X |
|
6 |
% |
|
4 |
% |
|
5 |
% |
|
8 |
% |
|
6 |
% |
|
7 |
% |
N/A |
|
Third-party seller services (3) |
$ |
34,596 |
|
$ |
36,201 |
|
$ |
37,864 |
|
$ |
47,485 |
|
$ |
36,512 |
|
$ |
40,348 |
|
11 |
% |
Third-party seller services -- Y/Y growth, excluding F/X |
|
16 |
% |
|
13 |
% |
|
10 |
% |
|
9 |
% |
|
7 |
% |
|
10 |
% |
N/A |
|
Advertising services (4) |
$ |
11,824 |
|
$ |
12,771 |
|
$ |
14,331 |
|
$ |
17,288 |
|
$ |
13,921 |
|
$ |
15,694 |
|
23 |
% |
Advertising services -- Y/Y growth, excluding F/X |
|
24 |
% |
|
20 |
% |
|
19 |
% |
|
18 |
% |
|
19 |
% |
|
22 |
% |
N/A |
|
Subscription services (5) |
$ |
10,722 |
|
$ |
10,866 |
|
$ |
11,278 |
|
$ |
11,508 |
|
$ |
11,715 |
|
$ |
12,208 |
|
12 |
% |
Subscription services -- Y/Y growth, excluding F/X |
|
11 |
% |
|
11 |
% |
|
11 |
% |
|
10 |
% |
|
11 |
% |
|
11 |
% |
N/A |
|
AWS |
$ |
25,037 |
|
$ |
26,281 |
|
$ |
27,452 |
|
$ |
28,786 |
|
$ |
29,267 |
|
$ |
30,873 |
|
17 |
% |
AWS -- Y/Y growth, excluding F/X |
|
17 |
% |
|
19 |
% |
|
19 |
% |
|
19 |
% |
|
17 |
% |
|
17 |
% |
N/A |
|
Other (6) |
$ |
1,262 |
|
$ |
1,260 |
|
$ |
1,313 |
|
$ |
1,590 |
|
$ |
1,312 |
|
$ |
1,499 |
|
19 |
% |
Other -- Y/Y growth (decline), excluding F/X |
|
23 |
% |
|
(6 |
)% |
|
5 |
% |
|
17 |
% |
|
4 |
% |
|
18 |
% |
N/A |
|
|
|
|
|
|
|
|
|
|||||||||||||
Stock-based Compensation Expense |
|
|
|
|
|
|
|
|||||||||||||
Cost of sales |
$ |
174 |
|
$ |
266 |
|
$ |
193 |
|
$ |
205 |
|
$ |
148 |
|
$ |
250 |
|
(6 |
)% |
Fulfillment |
$ |
636 |
|
$ |
944 |
|
$ |
696 |
|
$ |
697 |
|
$ |
497 |
|
$ |
880 |
|
(7 |
)% |
Technology and infrastructure |
$ |
2,772 |
|
$ |
3,670 |
|
$ |
2,961 |
|
$ |
2,747 |
|
$ |
2,060 |
|
$ |
3,655 |
|
— |
% |
Sales and marketing |
$ |
932 |
|
$ |
1,224 |
|
$ |
1,012 |
|
$ |
916 |
|
$ |
653 |
|
$ |
1,207 |
|
(1 |
)% |
General and administrative |
$ |
447 |
|
$ |
618 |
|
$ |
471 |
|
$ |
430 |
|
$ |
331 |
|
$ |
542 |
|
(12 |
)% |
Total stock-based compensation expense |
$ |
4,961 |
|
$ |
6,722 |
|
$ |
5,333 |
|
$ |
4,995 |
|
$ |
3,689 |
|
$ |
6,534 |
|
(3 |
)% |
Other |
|
|
|
|
|
|
|
|||||||||||||
WW shipping costs |
$ |
21,834 |
|
$ |
21,965 |
|
$ |
23,501 |
|
$ |
28,549 |
|
$ |
22,495 |
|
$ |
23,370 |
|
6 |
% |
WW shipping costs -- Y/Y growth |
|
10 |
% |
|
8 |
% |
|
8 |
% |
|
4 |
% |
|
3 |
% |
|
6 |
% |
N/A |
|
WW paid units -- Y/Y growth (7) |
|
12 |
% |
|
11 |
% |
|
12 |
% |
|
11 |
% |
|
8 |
% |
|
12 |
% |
N/A |
|
WW seller unit mix -- % of WW paid units (7) |
|
61 |
% |
|
61 |
% |
|
60 |
% |
|
62 |
% |
|
61 |
% |
|
62 |
% |
N/A |
|
Employees (full-time and part-time; excludes contractors & temporary personnel) |
|
1,521,000 |
|
|
1,532,000 |
|
|
1,551,000 |
|
|
1,556,000 |
|
|
1,560,000 |
|
|
1,546,000 |
|
1 |
% |
Employees (full-time and part-time; excludes contractors & temporary personnel) -- Y/Y growth |
|
4 |
% |
|
5 |
% |
|
3 |
% |
|
2 |
% |
|
3 |
% |
|
1 |
% |
N/A |
|
(1) |
|
Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.” |
(2) |
|
Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.” |
(3) |
|
Includes commissions and any related fulfillment and shipping fees, and other third-party seller services. |
(4) |
|
Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising. |
(5) |
|
Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services. |
(6) |
|
Includes sales related to various other offerings (such as shipping services, healthcare services, and certain licensing and distribution of video content) and our co-branded credit card agreements. |
(7) |
|
Excludes the impact of Whole Foods Market. |
Amazon.com, Inc.
Certain Definitions
Customer Accounts
- References to customers mean customer accounts established when a customer places an order through one of our stores. Customer accounts exclude certain customers, including customers associated with certain of our acquisitions, Amazon Payments customers, AWS customers, and the customers of select companies with whom we have a technology alliance or marketing and promotional relationship. Customers are considered active when they have placed an order during the preceding twelve-month period.
Seller Accounts
- References to sellers means seller accounts, which are established when a seller receives an order from a customer account. Sellers are considered active when they have received an order from a customer during the preceding twelve-month period.
AWS Customers
- References to AWS customers mean unique AWS customer accounts, which are unique customer account IDs that are eligible to use AWS services. This includes AWS accounts in the AWS free tier. Multiple users accessing AWS services via one account ID are counted as a single account. Customers are considered active when they have had AWS usage activity during the preceding one-month period.
Units
- References to units mean physical and digital units sold (net of returns and cancellations) by us and sellers in our stores as well as Amazon-owned items sold in other stores. Units sold are paid units and do not include units associated with AWS, certain acquisitions, certain subscriptions, rental businesses, or advertising businesses, or Amazon gift cards.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250730548163/en/
Amazon Investor Relations
amazon-ir@amazon.com
amazon.com/ir
Amazon Public Relations
amazon-pr@amazon.com
amazon.com/pr
Source: Amazon.com, Inc.
