Amazon reported $716.92 billion of revenue and $79.98 billion of operating income for 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 filed its 10-K, the annual report US-listed companies send to the Securities and Exchange Commission, on Feb 6, 2026, for the year ended Dec 31, 2025. Revenue was $716.92 billion, up 12.4% from $637.96 billion a year earlier. Operating income was $79.98 billion, up 16.6% from $68.59 billion. Net income was $77.67 billion, or $7.17 a share on a diluted basis, against $59.25 billion and $5.53 a share a year earlier.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13

Other income, net, a line below operating income, was a gain of $15.2 billion in 2025, after a loss a year earlier. Amazon said the 2025 gain was primarily from an upward adjustment for observable price changes on its nonvoting preferred stock in Anthropic, and from reclassified gains on the parts of its Anthropic convertible notes, loans that can turn into shares, that were converted into that stock during 2025. Operating income included $2.5 billion that Amazon recorded in the third quarter of 2025 for settling a lawsuit with the Federal Trade Commission, and $2.7 billion of estimated severance costs, primarily for planned role eliminations, of which $1.8 billion fell in that quarter.14^,15^,16

AWS, Amazon's cloud segment, had sales of $128.73 billion, up 19.7%, and operating income of $45.6 billion against $39.8 billion a year earlier. Amazon attributed the sales growth primarily to increased customer usage, partly offset by pricing changes that it said were primarily driven by long-term customer contracts. North America sales were $426.31 billion, up 10.0%, with operating income of $29.6 billion; International sales were $161.89 billion, up 13.3%, with operating income of $4.75 billion.17^,18^,19^,20^,21^,22^,23^,24

Cash capital expenditures were $128.3 billion, against $77.7 billion in 2024; Amazon said they primarily reflected technology infrastructure, the majority of it to support AWS growth, and more fulfillment capacity, and that it expected both to increase in 2026. Free cash flow, Amazon's own non-GAAP measure, cash flow from operations less purchases of property and equipment net of proceeds from sales and incentives, was $11.2 billion, against $38.2 billion a year earlier. In its earnings release of Feb 5, 2026, Amazon said it expected to invest about $200 billion in capital expenditures across the company in 2026.25^,26^,27^,28^,29

Online stores, the line whose release definition includes media products such as games, had net sales of $269.29 billion, up 9.0%. Amazon Games, a publisher under Amazon, publishes Tomb Raider: Legacy of Atlantis, developed by Crystal Dynamics and Flying Wild Hog.30^,31^,32^,33^,34

Our records hold the text of the 10-K's management discussion, not its notes or exhibits, and they keep one value for each period, the latest filed, so they cannot tell whether the year-earlier figures were restated.35^,36