Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.
Amazon delivered strong fourth quarter 2025 results, with total revenue reaching $213.4 billion, a 14% increase compared to the same period last year. The company’s profitability also improved, with operating income rising to $25.0 billion from $21.2 billion in the prior year quarter. Net income, which represents the company’s bottom line profit after all expenses and taxes, came in at $21.2 billion, translating to $1.95 per share for investors.
The cloud computing division, Amazon Web Services, stood out as the primary growth engine this quarter. AWS generated $35.6 billion in sales, representing 24% growth year over year, marking the fastest expansion rate in over three years. This segment also contributed $12.5 billion in operating income, accounting for half of Amazon’s total operating profit. The strong performance reflects continued enterprise demand for cloud infrastructure and artificial intelligence capabilities.
Amazon’s advertising business emerged as another significant contributor, generating $21.3 billion in revenue with 22% growth. This business has become increasingly important to Amazon’s overall profitability as companies pay to promote their products across the platform.
The core retail operations showed steady performance. North America sales grew 10% to $127.1 billion, while international sales increased 17% to $50.7 billion. The company noted that excluding currency fluctuations, international growth was 11%. Operating income for North America reached $11.5 billion, while international operations contributed $1.0 billion in profit.
For the full year 2025, Amazon reported total revenue of $716.9 billion, up 12% from the previous year, with annual net income of $77.7 billion. The company generated $139.5 billion in cash from operations, demonstrating its ability to convert sales into actual cash.
Looking ahead, management provided guidance for the first quarter of 2026, expecting revenue between $173.5 billion and $178.5 billion. Operating income is projected between $16.5 billion and $21.5 billion. The company also announced plans to invest approximately $200 billion in capital expenditures throughout 2026, primarily directed toward artificial intelligence infrastructure, custom chips, and satellite technology.
Amazon’s custom semiconductor business, including its Trainium and Graviton chips, now generates over $10 billion in annual revenue and is growing at triple digit rates. The company continues expanding its delivery capabilities, with same day delivery now reaching nearly 100 million customers and pharmacy delivery available in over 3,000 cities.
Segment Financial Performance
Full Year Performance
| Segment | FY 2024 Net Sales | FY 2025 Net Sales | FY 2024 Operating Income | FY 2025 Operating Income |
| North America | $387,497M | $426,305M | $24,967M | $29,619M |
| International | $142,906M | $161,894M | $3,792M | $4,750M |
| AWS | $107,556M | $128,725M | $39,834M | $45,606M |
| Consolidated | $637,959M | $716,924M | $68,593M | $79,975M |
Year over Year Net Sales Growth
| Segment | Q4 Growth | Full Year Growth |
| North America | 10% | 10% |
| International | 17% | 13% |
| AWS | 24% | 20% |
| Consolidated | 14% | 12% |
