Amazon delivered impressive results for Q1 2025, showcasing continued strength across its major business segments. The company’s core retail business maintained momentum through expanded selection, competitive pricing, and record-breaking delivery speeds. Meanwhile, AWS showed solid growth with a significant focus on AI capabilities, and the advertising business demonstrated strong performance.
| Financial indicators |
Q1 2024 (US$ million) |
Q1 2025 (US$ million) |
Percentage change |
| Revenue |
143,313 |
155,667 |
+8.6% |
| North America |
86,341 |
92,887 |
+7.6% |
| International |
31,935 |
33,513 |
+4.9% |
| AWS |
25,037 |
29,267 |
+16.9% |
| Operating income |
15,307 |
18,405 |
+20.2% |
| Net income |
10,431 |
17,127 |
+64.2% |
| Operating cash flow (TTM) |
99,147 |
113,903 |
+14.9% |
Retail business expansion
Amazon’s retail business continues to thrive through its relentless focus on selection, value, and delivery speed. The company welcomed several well-known brands to its platform in Q1 2025, including Oura Rings, Michael Kors, and The Ordinary. In a significant move to capture the luxury market, Amazon launched a new shopping experience with Saks, offering high-end fashion and beauty items from prestigious brands like Dolce & Gabbana, Balmain, Erdem, and Giambattista Valli. Price-conscious consumers benefited from multiple deal events worldwide, with...
