Amazon reported fourth quarter 2025 net sales of $213.4 billion, up 14% year-over-year, and diluted earnings per share of $1.95, compared to $1.86 in the prior year. The results featured a significant reacceleration in the company's cloud computing division.
Key Highlights
- AWS revenue growth notably accelerated to 24% year-over-year, reaching $35.6 billion, which the company cited as its fastest growth rate in 13 quarters.
- Total net sales increased 14% to $213.4 billion, or 12% excluding a $2.8 billion favorable impact from foreign exchange rates.
- Operating income grew 18% to $25.0 billion, even with the inclusion of $2.4 billion in special charges for severance, asset impairments, and legal settlements.
- Trailing-twelve-month free cash flow declined to $11.2 billion from $38.2 billion in the prior year, attributed to a significant year-over-year increase in property and equipment purchases for AI investments.