Short answer
Amazon.com Inc (AMZN) filed its fiscal 2025 10-K annual report with the SEC on Feb 6, 2026. It reported revenue of $716.9B (+12.4% year over year) and net income of $77.7B.
- Top risk flagged: Legal risk: Potential impact from FTC regulations on data privacy and consumer protection affecting AWS and retail operations
FY2025 key financial metrics · XBRL
- Revenue
- $716.9B
- +12.4% YoY
- Net income
- $77.7B
- +31.1% YoY
- Operating margin
- 11.2%
- +0.4 pp YoY
- EPS (diluted)
- $7.17
- +29.7% YoY
- ROE
- 18.9%
- −1.8 pp YoY
- Operating cash flow
- $139.5B
- +20.4% YoY
Source: XBRL data from the Amazon.com Inc (AMZN) FY2025 10-K on SEC EDGAR. USD.
Amazon.com Inc FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model centered on global e-commerce, cloud computing, and digital services (implied by company identity)
- No new products, services, or business segments explicitly introduced or emphasized in this filing year
- Continued focus on corporate governance with updates to Code of Business Conduct and Ethics and insider trading policies
- Extensive debt portfolio with notes issued in years 2019 through 2065, reflecting long-term financial planning and capital structure management
- Governance and leadership continuity with Andrew R. Jassy as CEO and multiple director appointments listed as of February 5, 2026
Management Discussion & Analysis
- Cash equivalents and marketable debt securities total $106.5B as of Dec 31, 2025
- Long-term debt face value $68.8B, primarily fixed-rate unsecured senior notes
- Weighted average interest rates on investments range 3.62%-4.33% by security type and maturity
- Interest rate fluctuations affect fair value of fixed-rate debt and marketable securities, not amortized cost
Risk Factors
- Legal risk: Potential impact from FTC regulations on data privacy and consumer protection affecting AWS and retail operations
- Macroeconomic threat: Foreign exchange volatility influencing consolidated net sales and operating expenses due to global business exposure
- Operational risk: Supply chain disruptions causing inventory turnover variability and impacting lead times and product availability
- Competitive risk: Pressure from advancing AI and machine learning technologies deployed by competitors in cloud computing and e-commerce
- Financial risk: Shareholder dilution from stock awards with 11.0 billion total shares and outstanding stock awards as of Dec 31, 2025
Generated from the filing text; verify against the original. How to read a 10-K
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