Andy Jassy: we’re continuing to find meaningful ways to make customers’ lives easier
Amazon.com, Inc. has announced financial results for its first quarter ended March 31, 2025.
- Net sales increased 9% to $155.7 billion in the first quarter, compared with $143.3 billion in first quarter 2024. Excluding the $1.4 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 10% compared with first quarter 2024.
- North America segment sales increased 8% year-over-year to $92.9 billion.
- International segment sales increased 5% year-over-year to $33.5 billion, or increased 8% excluding changes in foreign exchange rates.
- AWS segment sales increased 17% year-over-year to $29.3 billion.
- Operating incomeincreased to $18.4 billion in the first quarter, compared with $15.3 billion in first quarter 2024.
- North America segment operating income was $5.8 billion, compared with $5.0 billion in first quarter 2024.
- International segment operating income was $1.0 billion, compared with $0.9 billion in first quarter 2024.
- AWS segment operating income was $11.5 billion, compared with $9.4 billion in first quarter 2024.
- Net incomeincreased to $17.1 billion in the first quarter, or $1.59 per diluted share, compared with $10.4 billion, or $0.98 per diluted share, in first quarter 2024.
- Operating cash flowincreased 15% to $113.9 billion for the trailing twelve months, compared with $99.1 billion for the trailing twelve months ended March 31, 2024.
- Free cash flowdecreased to $25.9 billion for the trailing twelve months, compared with $50.1 billion for the trailing twelve months ended March 31, 2024.
“We’re pleased with the start to 2025, especially our pace of innovation and progress in continuing to improve customer experiences,” said Andy Jassy, President and CEO, Amazon.
Some other highlights since the company’s last earnings announcement include that Amazon:
- Announced Amazon’s 11th Prime Day will be in July, when customers can expect millions of deals globally on vast selection.
- Announced $4 billion investment through 2026 to expand Amazon’s rural delivery network to bring even faster delivery to customers in less densely populated areas across the U.S.
- Launched Amazon.ie in Ireland, offering over 200 million products with low prices, fast delivery, and local Prime membership.
- Introduced new ways to shop in the Amazon Shopping app to help customers discover and buy products from other brands’ websites even when Amazon doesn’t carry the items directly. Amazon now shows customers select products from other brands in search results and either links to their websites so customers can purchase the items there or enables customers to seamlessly purchase the products using Amazon’s new ‘Buy for Me’ feature.
- Began testing Zoox in Los Angeles, the sixth location for Amazon’s self-driving technology.
- Continued making significant progress on safety—improving Amazon’s recordable incident rate by 34% and lost-time incident rate by 65% across operations over past five years.
