Amazon said Q3 2025 sales increased 13% compared to the prior year period, and AWS sales increased 20%. The company attributed the AWS increase primarily to higher customer usage, partially offset by pricing changes driven mainly by long-term customer contracts.

10-QQuarterly reportFiled Oct 31, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Amazon said Q3 2025 sales increased 13% compared to the prior year period, and AWS sales increased 20%. The company attributed the AWS increase primarily to higher customer usage, partially offset by pricing changes driven mainly by long-term customer contracts.
Amazon said Q3 2025 operating income was $17.4 billion, the same as Q3 2024. The company said Q3 2025 operating income included charges of $2.5 billion related to the settlement of a lawsuit with the FTC and estimated severance costs of $1.8 billion primarily related to planned role eliminations.
Amazon said other income (expense), net was $10.2 billion for Q3 2025 and $14.1 billion for the 9 months. The company attributed this primarily to upward adjustments from observable price changes in Anthropic nonvoting preferred stock and reclassification gains from the conversion of certain convertible notes.
Amazon said cash capital expenditures were $34.2 billion for Q3 2025, compared to $21.3 billion for Q3 2024, reflecting primarily investments in technology infrastructure and fulfillment network. The company said operating cash flow for Q3 2025 was $35.5 billion.

Key figures

Quarter ended September 30, 2025

Revenue: $180.2B
Operating income: $17.4B
Net income: $21.2B
EPS: $1.95
Operating cash flow: $35.5B

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.

Q3 2025 Sales Growth and AWS Sales

Amazon said Q3 2025 sales increased 13% compared to the prior year period, and AWS sales increased 20%. The company attributed the AWS increase primarily to higher customer usage, partially offset by pricing changes driven mainly by long-term customer contracts.

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

Q3 2025 Operating Income and FTC Settlement and Severance Costs

Amazon said Q3 2025 operating income was $17.4 billion, the same as Q3 2024. The company said Q3 2025 operating income included charges of $2.5 billion related to the settlement of a lawsuit with the FTC and estimated severance costs of $1.8 billion primarily related to planned role eliminations.

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

Other Income Related to Anthropic Investment

Amazon said other income (expense), net was $10.2 billion for Q3 2025 and $14.1 billion for the 9 months. The company attributed this primarily to upward adjustments from observable price changes in Anthropic nonvoting preferred stock and reclassification gains from the conversion of certain convertible notes.

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

Capital Expenditures Increase and Operating Cash Flow

Amazon said cash capital expenditures were $34.2 billion for Q3 2025, compared to $21.3 billion for Q3 2024, reflecting primarily investments in technology infrastructure and fulfillment network. The company said operating cash flow for Q3 2025 was $35.5 billion.

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.

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