Amazon's sales rose 13% to $167.7 billion and operating income 31% to $19.17 billion in the quarter to Jun 30, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Amazon reported net sales of $167.7 billion for the quarter ended Jun 30, 2025, up 13.3% from $147.98 billion a year earlier, in a Form 10-Q, the quarterly report a US-listed company files with the US Securities and Exchange Commission, filed Aug 1, 2025. Operating income, the profit from running the business before interest and tax, was $19.17 billion, up 30.7% from $14.67 billion. Net income was $18.16 billion, up 34.7% from $13.49 billion, or $1.68 per diluted share against $1.26. Excluding a $1.5 billion favorable foreign exchange effect, net sales rose 12% according to the release; the 10-Q called that effect a non-GAAP measure.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14^,15

Below operating income, other income (expense), net was a net gain of $1.1 billion in the quarter, against a net loss of $18 million a year earlier, and the 10-Q said the gain was primarily from equity warrant valuations. The notes described the warrants as rights to acquire stock of other companies, and put their fair value at $2.6 billion on Jun 30, 2025. The first-quarter conversion of Anthropic notes showed up in the six-month figure instead: the 10-Q said the net gain of $3.9 billion for the six months was primarily from a reclassification adjustment for the gain on the part of its convertible notes investments in Anthropic that was converted to nonvoting preferred stock during the first quarter.16^,17^,18^,4^,19

AWS, the segment that sells compute, storage, database and other services, had sales of $30.87 billion, up 17.5%, which the 10-Q put down to increased customer usage, partly offset by pricing changes; segment operating income was $10.2 billion against $9.3 billion in the second quarter of 2024. North America sales were $100.07 billion, up 11.1%. International sales were $36.76 billion, up 16.1%, or 11% excluding foreign exchange changes according to the release, and its segment operating income was $1.5 billion against $0.3 billion in the second quarter of 2024. Advertising services sales were $15.69 billion, up 22.9%. Online stores sales were $61.49 billion, up 11.0%, and the filing said that line included media products such as books, videos, games, music and software.20^,21^,22^,23^,24^,25^,26^,27^,28^,29^,30^,31^,32^,33^,34^,35

In its earnings release of Jul 31, 2025, Amazon said free cash flow decreased to $18.2 billion for the trailing twelve months, against $53.0 billion for the trailing twelve months ended Jun 30, 2024. Amazon defined free cash flow, a non-GAAP measure, as cash flow from operations reduced by purchases of property and equipment, net of proceeds from sales and incentives.36^,37^,38^,15

Our records hold the quarter's revenue, operating income, net income and diluted earnings per share, and the text of the filing's management discussion and its 8 numbered notes, but not its other exhibits. They keep one value for each period of an SEC filer, the latest filed, so they cannot tell whether the year-earlier figures were restated.39^,40^,41