Amazon.com Inc. (AMZN) Q4 2025 (USD): EPS 1.95 (exp. 1.96), Revenue 213.4bln (exp. 211.42bln)

Newsquawk Staff · 5 Feb 2026, 21:21 UTC

AWS net sales 35.60bln (exp. 34.88bln)
AWS net sales ex-FX +24% (exp. 21%).
North America net sales 127.08bln (exp. 127.21bln).
Physical stores net sales 5.86bln (exp. 5.88bln).
Operating income 25bln (exp. 24.8bln).
Operating margin 11.7% (exp. 11.7%).

Outlook

Guidance assumes no additional restructuring.
Q1 operating income 16.5-21.5bln (exp. 22.2bln).
Q1 sales 173.5-178.5bln (exp. 175.6bln).
2026 capex about 200bln (exp. 146.11bln).

What it means

Amazon's Q4 2025 earnings slightly missed on EPS but beat on revenue, indicating strong momentum in AWS sales, which surpassed expectations. However, their Q1 guidance suggests a cautious outlook with projected income and sales below consensus, alongside significantly higher 2026 capex, raising questions about future profitability and growth sustainability.

Sources

businesswire.com

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