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Mar 31
Amazon Q1 2025 Earnings Report
Amazon reported strong Q1 2025 results with significant growth in AWS and operating income.
Key Takeaways
Amazon delivered a robust quarter, driven by a 17% increase in AWS revenue and expanded operating margins, while North America and International segments also contributed positively.
Total revenue rose to $155,667,000,000, up from $143,313,000,000 a year earlier.
Net income surged to $17,127,000,000, a significant jump from $10,431,000,000 in Q1 2024.
AWS operating margin climbed to 39.5%, underlining strong profitability in cloud services.
Operating income grew to $18,405,000,000 from $15,307,000,000 last year.
Amazon
Amazon
Amazon Revenue by Segment
Amazon Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.comAWS Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Amazon expects Q2 2025 revenue to range from $159B to $164B with a slight FX headwind, and operating income between $13B and $17.5B.
Positive Outlook
- Revenue guidance suggests 7–11% year-over-year growth.
- Continued strong AWS demand across global enterprises.
- Expansion of Project Kuiper and AI innovations expected to contribute.
- Improved delivery capabilities, especially in rural U.S. areas.
- Prime Day planned in July to boost Q2/Q3 performance.
Challenges Ahead
- Foreign exchange impact expected to be a minor headwind (~10bps).
- Free cash flow decreased notably year-over-year.
- High capex due to infrastructure investments.
- Slight increase in operating expenses across fulfillment and tech.
- Macroeconomic uncertainties may affect consumer demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income