Amazon.com Announces Third Quarter Results
SEATTLE--( BUSINESS WIRE)--Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2025.
“We continue to see strong momentum and growth across Amazon as AI drives meaningful improvements in every corner of our business,” said Andy Jassy, President and CEO, Amazon. “AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY. We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity – adding more than 3.8 gigawatts in the past 12 months. In Stores, we continue to realize the benefits of innovating in our fulfillment network, and we’re on track to deliver to Prime members at the fastest speeds ever again this year, expand same-day delivery of perishable groceries to over 2,300 communities by end of year, and double the number of rural communities with access to Amazon’s Same-Day and Next-Day Delivery.”
Some other highlights since the company’s last earnings announcement include that Amazon:
Financial Guidance
The following forward-looking statements reflect Amazon.com’s expectations as of October 30, 2025, and are subject to substantial uncertainty. Our results are inherently unpredictable and may be materially affected by many factors, such as fluctuations in foreign exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, and customer demand and spending (including the impact of recessionary fears), inflation, interest rates, regional labor market constraints, world events, the rate of growth of the internet, online commerce, cloud services, and new and emerging technologies, and the various factors detailed below.
Fourth Quarter 2025 Guidance
Conference Call Information
A conference call will be webcast live today at 2:00 p.m. PT/5:00 p.m. ET, and will be available for at least three months at amazon.com/ir. This call will contain forward-looking statements and other material information regarding the Company’s financial and operating results.
Forward-Looking Statements
These forward-looking statements are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, in addition to the factors discussed above, the amount that Amazon.com invests in new business opportunities and the timing of those investments, the mix of products and services sold to customers, the mix of net sales derived from products as compared with services, the extent to which we owe income or other taxes, competition, management of growth, potential fluctuations in operating results, international growth and expansion, the outcomes of claims, litigation, government investigations, and other proceedings, fulfillment, sortation, delivery, and data center optimization, risks of inventory management, variability in demand, the degree to which the Company enters into, maintains, and develops commercial agreements, proposed and completed acquisitions and strategic transactions, payments risks, and risks of fulfillment throughput and productivity. Other risks and uncertainties include, among others, risks related to new products, services, and technologies, security incidents, system interruptions, government regulation and taxation, and fraud. In addition, global economic and geopolitical conditions and additional or unforeseen circumstances, developments, or events may give rise to or amplify many of these risks. More information about factors that potentially could affect Amazon.com’s financial results is included in Amazon.com’s filings with the Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent filings.
Additional Information
Our investor relations website is amazon.com/ir and we encourage investors to use it as a way of easily finding information about us. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information (including our Code of Business Conduct and Ethics), and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
AMAZON.COM, INC.
Consolidated Statements of Cash Flows
(in millions)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
Twelve Months Ended
September 30,
2024
2025
2024
2025
2024
2025
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD
$
71,673
$
61,453
$
73,890
$
82,312
$
50,081
$
78,677
OPERATING ACTIVITIES:
Net income
15,328
21,187
39,244
56,478
49,868
76,482
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other
13,442
16,796
37,164
46,285
50,984
61,916
Stock-based compensation
5,333
4,847
17,016
15,070
23,335
20,065
Non-operating expense (income), net
(141
)
(10,112
)
2,498
(14,187
)
2,159
(14,673
)
Deferred income taxes
(1,317
)
10,130
(3,040
)
10,648
(4,504
)
9,040
Changes in operating assets and liabilities:
Inventories
(1,509
)
(827
)
(2,818
)
(6,103
)
(175
)
(5,169
)
Accounts receivable, net and other
(701
)
(1,977
)
774
(1,855
)
(6,673
)
(5,878
)
Other assets
(4,537
)
(4,039
)
(10,293
)
(10,412
)
(13,095
)
(14,602
)
Accounts payable
(477
)
2,151
(5,754
)
166
5,134
8,892
Accrued expenses and other
129
(1,999
)
(6,946
)
(11,012
)
(352
)
(6,970
)
Unearned revenue
421
(632
)
2,396
(23
)
6,025
1,588
Net cash provided by (used in) operating activities
25,971
35,525
70,241
85,055
112,706
130,691
INVESTING ACTIVITIES:
Purchases of property and equipment
(22,620
)
(35,095
)
(55,165
)
(92,297
)
(69,753
)
(120,131
)
Proceeds from property and equipment sales and incentives
1,342
867
3,559
2,446
4,794
4,228
Acquisitions, net of cash acquired, non-marketable investments, and other, net
(622
)
(786
)
(4,547
)
(2,438
)
(4,928
)
(4,973
)
Sales and maturities of marketable securities
8,069
16,367
12,726
35,545
14,294
39,222
Purchases of marketable securities
(3,068
)
(7,426
)
(13,472
)
(38,556
)
(13,907
)
(51,089
)
Net cash provided by (used in) investing activities
(16,899
)
(26,073
)
(56,899
)
(95,300
)
(69,500
)
(132,743
)
FINANCING ACTIVITIES:
Proceeds from short-term debt, and other
1,725
3,223
2,588
7,131
3,322
9,685
Repayments of short-term debt, and other
(1,820
)
(1,826
)
(2,453
)
(5,300
)
(8,791
)
(7,907
)
Proceeds from long-term debt
—
—
—
746
—
746
Repayments of long-term debt
(2,183
)
(1,008
)
(6,682
)
(3,759
)
(6,972
)
(6,259
)
Principal repayments of finance leases
(402
)
(351
)
(1,710
)
(1,172
)
(2,489
)
(1,505
)
Principal repayments of financing obligations
(78
)
(82
)
(247
)
(276
)
(320
)
(698
)
Net cash provided by (used in) financing activities
(2,758
)
(44
)
(8,504
)
(2,630
)
(15,250
)
(5,938
)
Foreign currency effect on cash, cash equivalents, and restricted cash
690
(397
)
(51
)
1,027
640
(223
)
Net increase (decrease) in cash, cash equivalents, and restricted cash
7,004
9,011
4,787
(11,848
)
28,596
(8,213
)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD
$
78,677
$
70,464
$
78,677
$
70,464
$
78,677
$
70,464
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest
$
266
$
249
$
1,215
$
1,008
$
2,002
$
1,651
Cash paid for operating leases
2,940
4,155
9,116
11,475
11,882
14,700
Cash paid for interest on finance leases
71
76
217
219
291
289
Cash paid for interest on financing obligations
47
52
161
159
207
217
Cash paid for income taxes, net of refunds
2,004
1,136
8,162
6,774
12,359
10,920
Assets acquired under operating leases
3,571
5,057
11,235
13,999
14,212
18,188
Property and equipment acquired under finance leases, net of remeasurements and modifications
186
977
409
1,968
620
2,413
Increase (decrease) in property and equipment acquired but not yet paid
1,622
3,341
4,793
4,849
4,769
7,095
AMAZON.COM, INC.
Consolidated Statements of Operations
(in millions, except per share data)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024
2025
2024
2025
Net product sales
$
67,601
$
74,058
$
190,085
$
206,274
Net service sales
91,276
106,111
260,082
297,264
Total net sales
158,877
180,169
450,167
503,538
Operating expenses:
Cost of sales
80,977
88,670
227,395
246,455
Fulfillment
24,660
27,679
70,543
78,248
Technology and infrastructure
22,245
28,962
64,973
79,122
Sales and marketing
10,609
11,686
30,783
32,865
General and administrative
2,713
2,875
8,496
8,468
Other operating expense (income), net
262
2,875
587
3,382
Total operating expenses
141,466
162,747
402,777
448,540
Operating income
17,411
17,422
47,390
54,998
Interest income
1,256
1,100
3,429
3,251
Interest expense
(603
)
(538
)
(1,836
)
(1,595
)
Other income (expense), net
(27
)
10,186
(2,718
)
14,052
Total non-operating income (expense)
626
10,748
(1,125
)
15,708
Income before income taxes
18,037
28,170
46,265
70,706
Provision for income taxes
(2,706
)
(6,910
)
(6,940
)
(14,141
)
Equity-method investment activity, net of tax
(3
)
(73
)
(81
)
(87
)
Net income
$
15,328
$
21,187
$
39,244
$
56,478
Basic earnings per share
$
1.46
$
1.98
$
3.76
$
5.31
Diluted earnings per share
$
1.43
$
1.95
$
3.67
$
5.22
Weighted-average shares used in computation of earnings per share:
Basic
10,501
10,674
10,447
10,638
Diluted
10,735
10,845
10,705
10,815
AMAZON.COM, INC.
Consolidated Statements of Comprehensive Income
(in millions)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024
2025
2024
2025
Net income
$
15,328
$
21,187
$
39,244
$
56,478
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $(45), $27, $43, and $(181)
1,911
(690
)
178
4,159
Available-for-sale debt securities:
Change in net unrealized gains (losses), net of tax of $(55), $(3,797), $(282), and $(3,820)
167
12,397
944
12,474
Less: reclassification adjustment for losses (gains) included in “Other income (expense), net,” net of tax of $0, $512, $(1), and $1,326
—
(1,795
)
4
(4,266
)
Net change
167
10,602
948
8,208
Other, net of tax of $3, $0, $1, and $0
(3
)
1
(4
)
—
Total other comprehensive income (loss)
2,075
9,913
1,122
12,367
Comprehensive income
$
17,403
$
31,100
$
40,366
$
68,845
AMAZON.COM, INC.
Segment Information
(in millions)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024
2025
2024
2025
North America
Net sales
$
95,537
$
106,267
$
271,911
$
299,222
Operating expenses
89,874
101,478
256,200
281,075
Operating income
$
5,663
$
4,789
$
15,711
$
18,147
International
Net sales
$
35,888
$
40,896
$
99,486
$
111,170
Operating expenses
34,587
39,697
97,009
107,460
Operating income
$
1,301
$
1,199
$
2,477
$
3,710
AWS
Net sales
$
27,452
$
33,006
$
78,770
$
93,146
Operating expenses
17,005
21,572
49,568
60,005
Operating income
$
10,447
$
11,434
$
29,202
$
33,141
Consolidated
Net sales
$
158,877
$
180,169
$
450,167
$
503,538
Operating expenses
141,466
162,747
402,777
448,540
Operating income
17,411
17,422
47,390
54,998
Total non-operating income (expense)
626
10,748
(1,125
)
15,708
Provision for income taxes
(2,706
)
(6,910
)
(6,940
)
(14,141
)
Equity-method investment activity, net of tax
(3
)
(73
)
(81
)
(87
)
Net income
$
15,328
$
21,187
$
39,244
$
56,478
Segment Highlights:
Y/Y net sales growth:
North America
9
%
11
%
10
%
10
%
International
12
14
9
12
AWS
19
20
18
18
Consolidated
11
13
11
12
Net sales mix:
North America
60
%
59
%
60
%
59
%
International
23
23
22
22
AWS
17
18
18
19
Consolidated
100
%
100
%
100
%
100
%
AMAZON.COM, INC.
Consolidated Balance Sheets
(in millions, except per share data)
(unaudited)
December 31, 2024
September 30, 2025
ASSETS
Current assets:
Cash and cash equivalents
$
78,779
$
66,922
Marketable securities
22,423
27,275
Inventories
34,214
41,494
Accounts receivable, net and other
55,451
61,175
Total current assets
190,867
196,866
Property and equipment, net
252,665
324,435
Operating leases
76,141
83,456
Goodwill
23,074
23,260
Other assets
82,147
99,904
Total assets
$
624,894
$
727,921
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
94,363
$
106,032
Accrued expenses and other
66,965
68,051
Unearned revenue
18,103
21,113
Total current liabilities
179,431
195,196
Long-term lease liabilities
78,277
84,677
Long-term debt
52,623
50,742
Other long-term liabilities
28,593
27,675
Commitments and contingencies
Stockholders’ equity:
Preferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding)
—
—
Common stock ($0.01 par value; 100,000 shares authorized; 11,108 and 11,202 shares issued; 10,593 and 10,687 shares outstanding)
111
112
Treasury stock, at cost
(7,837
)
(7,837
)
Additional paid-in capital
120,864
135,679
Accumulated other comprehensive income (loss)
(34
)
12,333
Retained earnings
172,866
229,344
Total stockholders’ equity
285,970
369,631
Total liabilities and stockholders’ equity
$
624,894
$
727,921
AMAZON.COM, INC.
Supplemental Financial Information and Business Metrics
(in millions, except per share data)
(unaudited)
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Y/Y %
Change
Cash Flows and Shares
Operating cash flow -- trailing twelve months (TTM)
$
107,952
$
112,706
$
115,877
$
113,903
$
121,137
$
130,691
16
%
Operating cash flow -- TTM Y/Y growth
75
%
57
%
36
%
15
%
12
%
16
%
N/A
Purchases of property and equipment, net of proceeds from sales and incentives -- TTM
$
54,979
$
64,959
$
77,658
$
87,978
$
102,953
$
115,903
78
%
Free cash flow -- TTM (1)
$
52,973
$
47,747
$
38,219
$
25,925
$
18,184
$
14,788
(69
)%
Common shares and stock-based awards outstanding
10,871
10,872
10,876
10,876
10,952
10,955
1
%
Common shares outstanding
10,490
10,511
10,593
10,613
10,660
10,687
2
%
Stock-based awards outstanding
381
361
283
263
292
268
(26
)%
Stock-based awards outstanding -- % of common shares outstanding
3.6
%
3.4
%
2.7
%
2.5
%
2.7
%
2.5
%
N/A
Results of Operations
Worldwide (WW) net sales
$
147,977
$
158,877
$
187,792
$
155,667
$
167,702
$
180,169
13
%
WW net sales -- Y/Y growth, excluding F/X
11
%
11
%
11
%
10
%
12
%
12
%
N/A
WW net sales -- TTM
$
604,334
$
620,128
$
637,959
$
650,313
$
670,038
$
691,330
11
%
WW net sales -- TTM Y/Y growth, excluding F/X
12
%
12
%
11
%
11
%
11
%
11
%
N/A
Operating income
$
14,672
$
17,411
$
21,203
$
18,405
$
19,171
$
17,422
—
%
F/X impact -- favorable
$
29
$
16
$
14
$
53
$
153
$
129
N/A
Operating income -- Y/Y growth (decline), excluding F/X
91
%
55
%
60
%
20
%
30
%
(1
)%
N/A
Operating margin -- % of WW net sales
9.9
%
11.0
%
11.3
%
11.8
%
11.4
%
9.7
%
N/A
Operating income -- TTM
$
54,376
$
60,599
$
68,593
$
71,691
$
76,190
$
76,201
26
%
Operating income -- TTM Y/Y growth, excluding F/X
205
%
129
%
86
%
51
%
40
%
25
%
N/A
Operating margin -- TTM % of WW net sales
9.0
%
9.8
%
10.8
%
11.0
%
11.4
%
11.0
%
N/A
Net income
$
13,485
$
15,328
$
20,004
$
17,127
$
18,164
$
21,187
38
%
Net income per diluted share
$
1.26
$
1.43
$
1.86
$
1.59
$
1.68
$
1.95
37
%
Net income -- TTM
$
44,419
$
49,868
$
59,248
$
65,944
$
70,623
$
76,482
53
%
Net income per diluted share -- TTM
$
4.18
$
4.67
$
5.53
$
6.13
$
6.55
$
7.08
52
%
(1)
Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proceeds from sales and incentives.”
AMAZON.COM, INC.
Supplemental Financial Information and Business Metrics
(in millions)
(unaudited)
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Y/Y %
Change
Segments
North America Segment:
Net sales
$
90,033
$
95,537
$
115,586
$
92,887
$
100,068
$
106,267
11
%
Net sales -- Y/Y growth, excluding F/X
9
%
9
%
10
%
8
%
11
%
11
%
N/A
Net sales -- TTM
$
369,775
$
377,425
$
387,497
$
394,043
$
404,078
$
414,808
10
%
Operating income
$
5,065
$
5,663
$
9,256
$
5,841
$
7,517
$
4,789
(15
)%
F/X impact -- favorable (unfavorable)
$
8
$
(28
)
$
(49
)
$
(32
)
$
(46
)
$
(53
)
N/A
Operating income -- Y/Y growth (decline), excluding F/X
58
%
32
%
44
%
18
%
49
%
(14
)%
N/A
Operating margin -- % of North America net sales
5.6
%
5.9
%
8.0
%
6.3
%
7.5
%
4.5
%
N/A
Operating income -- TTM
$
20,816
$
22,172
$
24,967
$
25,825
$
28,277
$
27,403
24
%
Operating margin -- TTM % of North America net sales
5.6
%
5.9
%
6.4
%
6.6
%
7.0
%
6.6
%
N/A
International Segment:
Net sales
$
31,663
$
35,888
$
43,420
$
33,513
$
36,761
$
40,896
14
%
Net sales -- Y/Y growth, excluding F/X
10
%
12
%
9
%
8
%
11
%
10
%
N/A
Net sales -- TTM
$
135,978
$
139,729
$
142,906
$
144,484
$
149,582
$
154,590
11
%
Operating income
$
273
$
1,301
$
1,315
$
1,017
$
1,494
$
1,199
(8
)%
F/X impact -- favorable (unfavorable)
$
(94
)
$
43
$
6
$
(56
)
$
338
$
302
N/A
Operating income -- Y/Y growth (decline), excluding F/X
N/A
N/A
N/A
19
%
324
%
(31
)%
N/A
Operating margin -- % of International net sales
0.9
%
3.6
%
3.0
%
3.0
%
4.1
%
2.9
%
N/A
Operating income -- TTM
$
662
$
2,058
$
3,792
$
3,906
$
5,127
$
5,025
144
%
Operating margin -- TTM % of International net sales
0.5
%
1.5
%
2.7
%
2.7
%
3.4
%
3.2
%
N/A
AWS Segment:
Net sales
$
26,281
$
27,452
$
28,786
$
29,267
$
30,873
$
33,006
20
%
Net sales -- Y/Y growth, excluding F/X
19
%
19
%
19
%
17
%
17
%
20
%
N/A
Net sales -- TTM
$
98,581
$
102,974
$
107,556
$
111,786
$
116,378
$
121,932
18
%
Operating income
$
9,334
$
10,447
$
10,632
$
11,547
$
10,160
$
11,434
9
%
F/X impact -- favorable (unfavorable)
$
115
$
1
$
57
$
141
$
(139
)
$
(120
)
N/A
Operating income -- Y/Y growth, excluding F/X
72
%
50
%
48
%
21
%
10
%
11
%
N/A
Operating margin -- % of AWS net sales
35.5
%
38.1
%
36.9
%
39.5
%
32.9
%
34.6
%
N/A
Operating income -- TTM
$
32,898
$
36,369
$
39,834
$
41,960
$
42,786
$
43,773
20
%
Operating margin -- TTM % of AWS net sales
33.4
%
35.3
%
37.0
%
37.5
%
36.8
%
35.9
%
N/A
AMAZON.COM, INC.
Supplemental Financial Information and Business Metrics
(in millions, except employee data)
(unaudited)
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Y/Y %
Change
Net Sales
Online stores (1)
$
55,392
$
61,411
$
75,556
$
57,407
$
61,485
$
67,407
10
%
Online stores -- Y/Y growth, excluding F/X
6
%
8
%
8
%
6
%
10
%
8
%
N/A
Physical stores (2)
$
5,206
$
5,228
$
5,579
$
5,533
$
5,595
$
5,578
7
%
Physical stores -- Y/Y growth, excluding F/X
4
%
5
%
8
%
6
%
7
%
7
%
N/A
Third-party seller services (3)
$
36,201
$
37,864
$
47,485
$
36,512
$
40,348
$
42,486
12
%
Third-party seller services -- Y/Y growth, excluding F/X
13
%
10
%
9
%
7
%
10
%
11
%
N/A
Advertising services (4)
$
12,771
$
14,331
$
17,288
$
13,921
$
15,694
$
17,703
24
%
Advertising services -- Y/Y growth, excluding F/X
20
%
19
%
18
%
19
%
22
%
22
%
N/A
Subscription services (5)
$
10,866
$
11,278
$
11,508
$
11,715
$
12,208
$
12,574
11
%
Subscription services -- Y/Y growth, excluding F/X
11
%
11
%
10
%
11
%
11
%
10
%
N/A
AWS
$
26,281
$
27,452
$
28,786
$
29,267
$
30,873
$
33,006
20
%
AWS -- Y/Y growth, excluding F/X
19
%
19
%
19
%
17
%
17
%
20
%
N/A
Other (6)
$
1,260
$
1,313
$
1,590
$
1,312
$
1,499
$
1,415
8
%
Other -- Y/Y growth (decline), excluding F/X
(6
)%
5
%
17
%
4
%
18
%
7
%
N/A
Stock-based Compensation Expense
Cost of sales
$
266
$
193
$
205
$
148
$
250
$
197
2
%
Fulfillment
$
944
$
696
$
697
$
497
$
880
$
685
(2
)%
Technology and infrastructure
$
3,670
$
2,961
$
2,747
$
2,060
$
3,655
$
2,697
(9
)%
Sales and marketing
$
1,224
$
1,012
$
916
$
653
$
1,207
$
832
(18
)%
General and administrative
$
618
$
471
$
430
$
331
$
542
$
436
(7
)%
Total stock-based compensation expense
$
6,722
$
5,333
$
4,995
$
3,689
$
6,534
$
4,847
(9
)%
Other
WW shipping costs
$
21,965
$
23,501
$
28,549
$
22,495
$
23,370
$
25,384
8
%
WW shipping costs -- Y/Y growth
8
%
8
%
4
%
3
%
6
%
8
%
N/A
WW paid units -- Y/Y growth (7)
11
%
12
%
11
%
8
%
12
%
11
%
N/A
WW seller unit mix -- % of WW paid units (7)
61
%
60
%
62
%
61
%
62
%
62
%
N/A
Employees (full-time and part-time; excludes contractors & temporary personnel)
1,532,000
1,551,000
1,556,000
1,560,000
1,546,000
1,578,000
2
%
Employees (full-time and part-time; excludes contractors & temporary personnel) -- Y/Y growth
5
%
3
%
2
%
3
%
1
%
2
%
N/A
(1)
Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”
(2)
Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”
(3)
Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.
(4)
Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
(5)
Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
(6)
Includes sales related to various other offerings (such as shipping services, healthcare services, and certain licensing and distribution of video content) and our co-branded credit card agreements.
(7)
Excludes the impact of Whole Foods Market.
Amazon.com, Inc.
Certain Definitions
Customer Accounts
Seller Accounts
AWS Customers
Units