Filing Flows › Amazon.com (AMZN) › Q4 2025
Amazon.com (AMZN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 6, 2026
Amazon.com (AMZN) reported revenue of $213.4B for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +18% from the quarter before. Operating margin was 11.7%, net earnings $21.2B (9.9% of revenue).
Amazon.com, Q4 2025: revenue $213.4B (+14% year over year), operating margin 11.7%, net earnings $21.2B, operating cash flow $54.5B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $213.4B | +18% | +14% |
| Operating profit | $25.0B | +43% | +18% |
| Net earnings | $21.2B | 0% | +6% |
| Operating cash flow | $54.5B | +53% | +19% |
| Free cash flow | $14.9B | 35× | -16% |
What changed
Revenue was $213.4B in Q4 2025, up 14% year over year and up 18% from the previous quarter. Net service sales was the largest line at 58% of revenue.
Operating profit was $25.0B, a 11.7% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 11% margin then. Total costs grew 13% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $21.2B, up 6% year over year. The effective tax rate was 18.9%.
Operating cash flow was $54.5B (up 19% year over year), 257% of net earnings. Non-cash charges added back $19.5B of depreciation and amortization and $4.4B of share-based compensation. Working capital and other items added $9.4B. Capital expenditures of $39.5B left free cash flow of $14.9B.
Questions
What was Amazon.com's revenue in the fourth quarter 2025?
Amazon.com (AMZN) reported revenue of $213.4B for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +18% from the quarter before.
Was Amazon.com profitable in the fourth quarter 2025?
Operating profit was $25.0B (11.7% of revenue) and net earnings $21.2B.
Source: Amazon.com 10-K on SEC EDGAR.