Companies · AMZN
Amazon.com
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Latest analysis
Updated Jul 31, 2026
Amazon Q2 2026: 12% YoY revenue growth amid AI capex acceleration and fulfillment network expansion.
Amazon delivered $716.9B in total revenue for FY2025, representing 12.4% year-over-year growth. Capital expenditures surged 73% in the first half of 2026 to $96.3B, driven predominantly by AWS infrastructure investments to support AI workloads and fulfillment network capacity expansion. Management flagged regional labor market constraints, tariff policy uncertainty, and inventory optimization complexity as persistent operational headwinds, while simultaneously doubling down on technology infrastructure spend in anticipation of continued AI-driven cloud demand.
Tone: mixedRevenue
$716.9B
AMZN 10-K · FY 2025
Employees
1,576,000
Revenue FY2024
$638B
Founded
1994
Profile
AMZN 10-K Item 1 · Feb 6, 2026Amazon.com is a global technology and commerce company organized into three segments: North America, International, and Amazon Web Services (AWS). The company serves consumers through online and physical stores, enables third-party sellers, provides cloud computing services to developers and enterprises, and offers advertising, digital content, and subscription services. Its operations span e-commerce, cloud infrastructure, electronic devices, media production, and logistics.
Read filing description ↓ Collapse description ↑
We seek to be Earth's most customer-centric company. We are guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. In each of our segments, we serve our primary customer sets, consisting of consumers, sellers, developers, enterprises, content creators, advertisers, and employees. We have organized our operations into three segments: North America, International, and Amazon Web Services ('AWS'). We serve consumers through our online and physical stores and focus on selection, price, and convenience. We design our stores to enable hundreds of millions of unique products to be sold by us and by third parties across dozens of product categories. Customers access our offerings through our websites, mobile apps, Alexa, devices, streaming, and physically visiting our stores. We also manufacture and sell electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and we develop and produce media content. We offer subscription services such as Amazon Prime, a membership program that includes fast, free shipping on tens of millions of items, access to award-winning movies and series, live sports, and other benefits. We serve developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a broad set of on-demand technology services, including compute, storage, database, analytics, artificial intelligence and machine learning, and other services. We provide advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
Primary products
- Online stores
- Physical stores
- Amazon Prime
- Amazon Web Services (AWS)
- Kindle
- Fire tablet
Business segments
End markets
Geographies
Named competitors
“We believe that the principal competitive factors in our retail businesses include selection, price, and convenience, including fast and reliable fulfillment.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total net sales increased from $637,959 million in 2024 to $716,924 million in 2025, driven by growth in both net product sales and net service sales across all segments.
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