Amazon, the massive tech company that provides e-commerce, cloud, streaming and digital advertising services, releases its earnings quarterly.
Andy Jassy, the Amazon CEO, joins the calls to report results and answer questions.
Amazon’s Q1 2025 earnings will be reported on April 28, 2025.
Here’s a breakdown of Amazon’s earnings from the last year.
Amazon Q4 earnings 2024
Amazon reported fourth-quarter earnings in February 2025, beating analysts’ expectations. Net sales for the quarter came in at $187.7 billion, slightly above the expected $187.3 billion. Earnings per share came in at $1.86, compared to the expected $1.50.
The company’s guidance for the upcoming quarter was slightly light. It forecast revenue to come in between $151 billion and $155.5 billion for the next reporting period, lower than the expected guidance of $158.6 billion.
CFO Brian Olsavsky said the company expected to spend around $105 billion on capital expenditures in 2025. Most of the spending was expected to “support demand for our AI services, as well as tech infrastructure to support our North America and international segments, Olsavsky said on the company’s earnings call.
Amazon’s stock price slid after the report. As of April 2025, shares were down 18% year-to-date.
Amazon Q3 earnings 2024
Amazon reported its third-quarter earnings in October 2024, beating revenue forecasts and delivering strong guidance for the fourth quarter. Net sales came in at $158.9 billion, north of the expected $157.3 billion.
The retail giant forecast sales for the next quarter to come in between $181.5 billion to $188.5 billion, compared to the expected guidance of $186.3 billion.
Olsavksy attributed the company’s growth to rising Amazon Prime memberships as well as “faster delivery speeds,” which helped fuel sales of everyday items, he said on the earnings call.
Amazon Q2 earnings 2024
Amazon reported second-quarter earnings in August 2024 that largely missed analysts’ expectations. Net sales for the quarter came in slightly lower than expected, as did the company’s third-quarter forecast for sales and operating income.
Amazon shoppers were looking for good deals and being more “cautious,” Olsavsky said on the company’s earnings call. That weighed on Amazon, especially during the company’s Prime Day sales event in July.
Over the summer, a variety of retailers reported that people were reducing their budgets for fast food, home decor, and other nice-to-have items.
Strong demand pushed Amazon Web Services’ sales and operating income higher during the quarter, though Olsavsky said that its profit margins would “fluctuate over time” as the company invests in AI-driven technology.
Amazon’s stock price slid after the report.
Amazon Q1 earnings 2024
Amazon beat analysts’ estimates for net sales and earnings per share when it reported first-quarter results in April 2024.
AWS customers signed up “for longer deals” and made “bigger commitments” during the quarter, Jassy said on a call after Amazon reported its results. AWS net revenue was $25 billion during the quarter, beating expectations.
On the e-commerce side of the business, customers bought “a lot more consumables and everyday essentials,” Olsavsky said on a call with reporters. Many of those items, such as sunscreen and pantry staples, are less profitable for Amazon than discretionary items, he said.
Amazon earnings history
Amazon’s net sales totaled $673.9 billion in 2024, up 10% from the $574.7 billion in net sales in 2023.
Net income for the year rose to $59.2 billion, up 94% from 2023’s net income of $30.4. In 2022, the company reported a net loss of $2.7 billion.
Amazon does not pay a dividend.
Jacqui Kenyon contributed to a previous version of this story.
