Amazon.com Inc (AMZN) Q3 2025 10-Q Quarterly Report
Filed: Oct 31, 2025Period ending Sep 30, 2025
Consumer Discretionary
Retail-Catalog & Mail-Order HousesSEC EDGAR Amazon.com Inc (AMZN) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 31, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Amazon.com Inc Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Operating income Q3 2025 $17.4B flat YoY, nine months $55.0B up 16% from $47.4B in 2024
- • North America operating income Q3 2025 $4.79B down 15% from $5.66B in Q3 2024, nine months up to $18.15B from $15.71B
- • International operating income Q3 2025 $1.20B down 8% YoY, nine months $3.71B up 50% from $2.48B
- • AWS operating income Q3 2025 $11.43B up 9% YoY, nine months $33.14B up 13% from $29.20B
- • Q3 2025 includes $2.5B FTC lawsuit settlement and $1.8B severance charges impacting operating income
- • Interest income Q3 2025 $1.1B down from $1.3B, interest expense $538M down from $603M, both reflecting invested funds and debt changes
- • Management notes increased advertising and severance costs, ongoing marketing investments, and infrastructure spending to support growth
Risk Factors
- • Newly added payments risk triggered by evolving regulations and fraud, including costly enhanced authentication and potential loss of card payment acceptance
- • Materially updated legal risk with increased investigations on competition, consumer protection, and privacy laws intensifying regulatory scrutiny
- • Most impactful regulatory risk: ongoing price fixing and monopolization litigation by state attorneys general and FTC, risking significant fines and operational changes
- • Operational risk from rapid stock price volatility driven by market conditions, interest rates, analyst actions, and investor transactions affecting financing and compensation
- • Financial risk: tax controversies such as India cloud service tax dispute could materially increase tax liabilities and cash outflows if resolved adversely
Amazon.com Inc Q3 2025 Quarterly FinancialsXBRL
Revenue
$180.2B
▲ +13.4% YoY▲ +7.4% QoQ
Net Income
$5.9B
▲ +7.5% YoY▲ +25.2% QoQ
Operating Margin
9.7%
▼ -129bp YoY▼ -176bp QoQ
Net Margin
3.3%
▼ -18bp YoY▲ +46bp QoQ
ROE
1.6%
Total Assets
$727.9B
EPS (Diluted)
$1.95
▲ +36.4% YoY▲ +16.1% QoQ
Operating Cash Flow
$9.6B
▲ +101.0% YoY▲ +32.1% QoQ
Source: XBRL data from Amazon.com Inc Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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