Amazon 2025 revenue rises 12% to $717 billion as operating income climbs 17%
Amazon's 2025 Letter to Shareholders, filed with an 8-K, reports revenue of $717 billion, up 12% from $638 billion, and operating income of $80 billion, up 17% from $69 billion. Free cash flow fell to $11 billion from $38 billion, mainly due to a $50.7 billion year-over-year increase in net purchases of property and equipment tied to AI investment.
Key points
- Revenue rose 12% year over year, from $638 billion to $717 billion.
- Free cash flow decreased from $38 billion to $11 billion, driven by a $50.7 billion increase in net purchases of property and equipment.
- AWS revenue increased 20%, from $108 billion to $129 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 08, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.