Filing Flows › Amazon.com (AMZN) › Q1 2025
Amazon.com (AMZN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Amazon.com (AMZN) reported revenue of $155.7B for the first quarter 2025 (Q1 2025), +9% from a year earlier and -17% from the quarter before. Operating margin was 11.8%, net earnings $17.1B (11.0% of revenue).
Amazon.com, Q1 2025: revenue $155.7B (+9% year over year), operating margin 11.8%, net earnings $17.1B, operating cash flow $17.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $155.7B | -17% | +9% |
| Operating profit | $18.4B | -13% | +20% |
| Net earnings | $17.1B | -14% | +64% |
| Operating cash flow | $17.0B | -63% | -10% |
What changed
Revenue was $155.7B in Q1 2025, up 9% year over year and down 17% from the previous quarter. Online stores was the largest line at 37% of revenue. AWS added $4.2B year over year (up 17%), 34% of the total change.
Operating profit was $18.4B, a 11.8% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 11% margin then. Total costs grew 7% against revenue growth of 9%. Net earnings were $17.1B, up 64% year over year. The effective tax rate was 21.0%.
Operating cash flow was $17.0B (down 10% year over year), 99% of net earnings. Non-cash charges added back $14.3B of depreciation and amortization and $3.7B of share-based compensation. Working capital and other items used $18.1B. Capital expenditures of $25.0B exceeded it, leaving free cash flow of −$8.0B.
Questions
What was Amazon.com's revenue in the first quarter 2025?
Amazon.com (AMZN) reported revenue of $155.7B for the first quarter 2025 (Q1 2025), +9% from a year earlier and -17% from the quarter before.
Was Amazon.com profitable in the first quarter 2025?
Operating profit was $18.4B (11.8% of revenue) and net earnings $17.1B.
Source: Amazon.com 10-Q on SEC EDGAR.