AMZN — Q4 2025 Earnings Call
Consumer CyclicalAmazon.com Inc. • Reported: 2026-02-06
EPS Actual
$2.42
Est. $2.18
▲ Beat
Revenue Actual
$205.6B
Est. $202.1B
▲ Beat
Overall Result
Double Beat
EPS + Revenue vs. estimates
Period
Q4 2025
FY2025 • Reported 2026-02-06
Executive Summary
Amazon reported record Q4 2025 holiday quarter revenue of $205.6 billion, crossing $200B for the first time. AWS grew 24% to $36.8 billion. Full-year 2025 revenue reached $700 billion. The company is now the world's most valuable company by market cap.
Key Highlights
Revenue
positive
First $200B+ quarter
Q4 revenue of $205.6B crossed $200B for the first time, beating estimates by $3.5B.
AWS
positive
AWS grows 24%
AWS revenue of $36.8B grew 24%, reaccelerating from 19% a year ago.
Advertising
positive
Ad revenue $22B
Advertising revenue reached $22B in Q4, growing 23% YoY.
Profitability
positive
Record operating income
Operating income of $28.4B, up 35% YoY, with significant margin expansion.
Direct Quotes
AJ
Andy Jassy
CEO • Record Quarter
"We crossed $200 billion in quarterly revenue for the first time. AWS is reaccelerating, advertising is scaling, and our retail efficiency gains continue to compound."
BO
Brian Olsavsky
CFO • Annual Results
"Full-year 2025 revenue was approximately $700 billion with record profitability."