Filing Flows › Amazon.com (AMZN) › Q2 2025
Amazon.com (AMZN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Amazon.com (AMZN) reported revenue of $167.7B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +8% from the quarter before. Operating margin was 11.4%, net earnings $18.2B (10.8% of revenue).
Amazon.com, Q2 2025: revenue $167.7B (+13% year over year), operating margin 11.4%, net earnings $18.2B, operating cash flow $32.5B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $167.7B | +8% | +13% |
| Operating profit | $19.2B | +4% | +31% |
| Net earnings | $18.2B | +6% | +35% |
| Operating cash flow | $32.5B | +91% | +29% |
| Free cash flow | $332M | — | -96% |
What changed
Revenue was $167.7B in Q2 2025, up 13% year over year and up 8% from the previous quarter. Online stores was the largest line at 37% of revenue. Online stores added $6.1B year over year (up 11%), 31% of the total change.
Operating profit was $19.2B, a 11.4% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 10% margin then. Total costs grew 11% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $18.2B, up 35% year over year. The effective tax rate was 12.8%.
Operating cash flow was $32.5B (up 29% year over year), 179% of net earnings. Non-cash charges added back $15.2B of depreciation and amortization and $6.5B of share-based compensation. Working capital and other items used $7.4B. Capital expenditures of $32.2B left free cash flow of $0.33B.
Questions
What was Amazon.com's revenue in the second quarter 2025?
Amazon.com (AMZN) reported revenue of $167.7B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +8% from the quarter before.
Was Amazon.com profitable in the second quarter 2025?
Operating profit was $19.2B (11.4% of revenue) and net earnings $18.2B.
Source: Amazon.com 10-Q on SEC EDGAR.