AMZN Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), AMZN reported revenue of $213.4B, gross profit of $103.4B (48.5% gross margin), operating income of $25.0B, and net income of $21.2B (9.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMZN was profitable; revenue grew 13.6% year over year, and EPS missed consensus by $0.03.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +13.6% | +5.9% | Not available |
| Quarter over quarter | +18.4% | +0.0% | −1.8 pp |
EPS was $1.95 versus $1.98 expected.
AMZN Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $213.4B | 100% |
| Cost of Revenue | −$110.0B | 51.5% |
| Gross Profit | $103.4B | 48.5% |
| Research & Development | −$29.4B | 13.8% |
| Selling, General & Administrative | −$47.8B | 22.4% |
| Other Operating Expenses | −$1.3B | 0.6% |
| Operating Income | $25.0B | 11.7% |
| Interest Expense | −$679M | 0.3% |
| Other Income, net | $1.2B | 0.6% |
| Income Tax Expense | −$4.9B | 2.3% |
| Net Income | $21.2B | 9.9% |
Source: original SEC filing (filed 2026-02-05). Accession 0001018724-26-000002. Data normalized by EarningsFyi.