Filing Flows › Amazon.com (AMZN) › Q3 2025
Amazon.com (AMZN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Amazon.com (AMZN) reported revenue of $180.2B for the third quarter 2025 (Q3 2025), +13% from a year earlier and +7% from the quarter before. Operating margin was 9.7%, net earnings $21.2B (11.8% of revenue).
Amazon.com, Q3 2025: revenue $180.2B (+13% year over year), operating margin 9.7%, net earnings $21.2B, operating cash flow $35.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180.2B | +7% | +13% |
| Operating profit | $17.4B | -9% | +0.1% |
| Net earnings | $21.2B | +17% | +38% |
| Operating cash flow | $35.5B | +9% | +37% |
| Free cash flow | $430M | +30% | -87% |
What changed
Revenue was $180.2B in Q3 2025, up 13% year over year and up 7% from the previous quarter. Online stores was the largest line at 37% of revenue. Online stores added $6.0B year over year (up 10%), 28% of the total change.
Operating profit was $17.4B, a 9.7% margin (down 1.3 points year over year). Of the extra revenue versus a year earlier, 0% reached operating profit, below the 11% margin then. Total costs grew 15% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $21.2B, up 38% year over year. The effective tax rate was 24.5%. Non-operating items added $10.7B, 38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $35.5B (up 37% year over year), 168% of net earnings. Non-cash charges added back $16.8B of depreciation and amortization and $4.8B of share-based compensation. Working capital and other items used $7.3B. Capital expenditures of $35.1B left free cash flow of $0.43B.
Questions
What was Amazon.com's revenue in the third quarter 2025?
Amazon.com (AMZN) reported revenue of $180.2B for the third quarter 2025 (Q3 2025), +13% from a year earlier and +7% from the quarter before.
Was Amazon.com profitable in the third quarter 2025?
Operating profit was $17.4B (9.7% of revenue) and net earnings $21.2B.
Source: Amazon.com 10-Q on SEC EDGAR.