Amazon said Q1 2025 net sales increased 9% compared to the comparable prior year period, with North America up 8%, International up 5%, and AWS up 17%. The company said changes in foreign exchange rates reduced Q1 2025 net sales by $1.4 billion.

10-QQuarterly reportFiled May 2, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Amazon said Q1 2025 net sales increased 9% compared to the comparable prior year period, with North America up 8%, International up 5%, and AWS up 17%. The company said changes in foreign exchange rates reduced Q1 2025 net sales by $1.4 billion.
Amazon said operating cash flow was $19.0 billion for Q1 2024 and $17.0 billion for Q1 2025. Cash capital expenditures increased from $13.9 billion to $24.3 billion, and the company said it expects cash capital expenditures to increase in 2025.
Amazon said other income (expense), net for Q1 2025 was $2.7 billion in income, primarily due to reclassification adjustments for gains on available-for-sale debt securities related to the conversion of a portion of Anthropic, PBC convertible notes into nonvoting preferred stock. The company added that a loss on Rivian equity valuation partially offset this.
Amazon provided guidance for May 1, 2025 Q2 of net sales of $159.0 billion to $164.0 billion and operating income of $13.0 billion to $17.5 billion. This guidance assumes no additional business acquisitions, restructuring, or legal settlements.

Key figures

Quarter ended March 31, 2025

Revenue: $155.7B
Operating income: $18.4B
Net income: $17.1B
EPS: $1.59
Operating cash flow: $17.0B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 2025 Net Sales Growth

Amazon said Q1 2025 net sales increased 9% compared to the comparable prior year period, with North America up 8%, International up 5%, and AWS up 17%. The company said changes in foreign exchange rates reduced Q1 2025 net sales by $1.4 billion.

Source · Based on the MD&A text of the filing

Q1 Operating Cash Flow and Capital Expenditures

Amazon said operating cash flow was $19.0 billion for Q1 2024 and $17.0 billion for Q1 2025. Cash capital expenditures increased from $13.9 billion to $24.3 billion, and the company said it expects cash capital expenditures to increase in 2025.

Source · Based on the MD&A text of the filing

Other Income Related to Anthropic Conversion

Amazon said other income (expense), net for Q1 2025 was $2.7 billion in income, primarily due to reclassification adjustments for gains on available-for-sale debt securities related to the conversion of a portion of Anthropic, PBC convertible notes into nonvoting preferred stock. The company added that a loss on Rivian equity valuation partially offset this.

Source · Based on the MD&A text of the filing

Q2 Net Sales and Operating Income Guidance

Amazon provided guidance for May 1, 2025 Q2 of net sales of $159.0 billion to $164.0 billion and operating income of $13.0 billion to $17.5 billion. This guidance assumes no additional business acquisitions, restructuring, or legal settlements.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗