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Mar 31, 2025
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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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