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Dec 31, 2025
Amazon Q4 2025 Earnings Report
Amazon reported higher revenue and profitability driven primarily by strong AWS growth.
Key Takeaways
Amazon delivered strong fourth-quarter results with double-digit revenue growth and higher operating income, led by continued acceleration in AWS, while North America and International segments also posted solid gains.
AWS revenue grew strongly and remained the primary profit driver in the quarter.
Operating income increased year over year despite higher operating costs.
Net income improved compared to the prior-year quarter.
North America and International segments both delivered revenue growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the first quarter of 2026, Amazon guided for continued revenue growth with increased investment levels.
Positive Outlook
- Expected double-digit revenue growth in Q1 2026.
- Continued strong demand for AWS services.
- Ongoing innovation across AI and infrastructure.
- Prime ecosystem expected to support customer engagement.
- Long-term investment expected to drive future returns.
Challenges Ahead
- Higher capital expenditures expected to pressure free cash flow.
- Increased operating costs related to new initiatives.
- Foreign exchange volatility could impact reported results.
- Macroeconomic uncertainty may affect consumer demand.
- Margin pressure from continued investment spending.
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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