Amazon's third-quarter 2025 revenue rose 13.4% to $180.17 billion

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 revenue of $180.17 billion for the quarter that ended Sep 30, 2025, up 13.4% from $158.88 billion in the same quarter a year earlier. The figures are in its Form 10-Q, the quarterly report a US-listed company files, filed on Oct 31, 2025 after an earnings release on Oct 30.1^,2^,3^,4^,5^,6^,7

Operating income, the profit from running the business before interest and tax, was $17.42 billion, against $17.41 billion a year earlier. Amazon said the quarter's operating income included two special charges: $2.5 billion for a legal settlement with the Federal Trade Commission and $1.8 billion in estimated severance costs, mainly for planned role eliminations. Net income was $21.19 billion, or $1.95 per diluted share, against $15.33 billion and $1.43 a year earlier. Amazon's release said net income included $9.5 billion of pre-tax gains from its investments in Anthropic, PBC. The report's management discussion put the quarter's net gain in other income at $10.2 billion, mainly an upward price adjustment on its nonvoting preferred stock in Anthropic plus gains on the portions of its Anthropic convertible notes that converted into that stock during the quarter.8^,9^,10^,11^,12^,13^,14^,15^,16^,17

For games, the release listed the launch of the reimagined Luna cloud gaming service among its highlights since the previous earnings announcement, and said it included GameNight, a new collection of living room games, at no additional cost to Prime members. The online stores line, which was $67.41 billion in the quarter, included media products sold in physical and digital form, such as books, videos, games, music and software, the release said. Separately, Amazon Games, a publisher under Amazon, is listed as publisher of Tomb Raider: Legacy of Atlantis, which Crystal Dynamics and Flying Wild Hog develop.18^,19^,20^,21^,22

AWS segment sales were $33.0 billion in the quarter, up 20%, and chief executive Andy Jassy said AWS was growing at a pace the company had not seen since 2022. Amazon's own measure of free cash flow, not an accounting-standard figure, fell to $14.8 billion over the twelve months to Sep 30, 2025, which the release tied mainly to a $50.9 billion rise in net purchases of property and equipment.23^,24^,25^,2^,26

Revenue was $155.67 billion in the quarter to Mar 31, 2025 and $167.7 billion in the quarter to Jun 30, 2025. At the time, Amazon expected net sales of $206.0 billion to $213.0 billion for the fourth quarter, or growth of 10% to 13% on the fourth quarter of 2024, and operating income of $21.0 billion to $26.0 billion, against $21.2 billion in that quarter.27^,28^,29^,30

The notes to Amazon's financial statements are not in our records, so what they say about the Anthropic investments, the settlement and the severance charge is not read here. Our records also keep one value for each period, so they cannot say whether the year-earlier figures in this report were restated.31^,32