Amazon.com, Inc. Q1 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

Financial Performance

  • Q1 2025 revenue: $165.7 billion, up 10% year-over-year (vs. Q1 2024).
  • Operating income: $18.4 billion, up 20% year-over-year.
  • Trailing 12‑month free cash flow: $25.9 billion.
  • Net income: $17.1 billion, boosted by a $3.3 billion pre-tax gain from the Anthropic investment conversion.
  • Foreign exchange impact: $1.4 billion headwind year-over-year.

Segment Performance

North America
  • Revenue: $92.9 billion, +8% year-over-year.
  • Operating income: $5.8 billion; margin 6.3% (or ~7.2% excluding one-time charges).
  • One-time charges included unresolved historical returns and inventory pulled forward ahead of possible tariffs.
International
  • Revenue: $33.5 billion, +8% year-over-year (ex-FX).
  • Operating income: $1 billion; margin 3% (3.7% excluding one-time charges).
AWS
  • Revenue: $29.3 billion, +17% year-over-year.
  • Annualized run rate: $117 billion.
  • Operating income: $11.5 billion; margins benefited from efficiencies, custom silicon (Graviton, Trainium), and optimized data center utilization.
  • Backlog: $189 billion, up 20% year-over-year; weighted average remaining life: 4.1 years.

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Operator: Thank you for standing by. Good day, everyone, and welcome to the Amazon.com First Quarter 2025 Financial Results Teleconference. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session. Today's call is being recorded. And for opening remarks, I will be turning the call over to the Vice President of Investor Relations, Mr. Dave Fildes. Thank you, sir. Please go ahead. Dave Fildes: Hello and welcome to our Q1 2025 financial results conference call. Joining us today to answer your questions is Andy Jassy, our CEO; and Brian Olsavsky, our CFO. As you listen to today's conference call, we encourage you to have our press release in front of you, which includes our financial results, as well as metrics and commentary on the quarter. Please note, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2024. Our comments and responses to your questions reflect management's views as of today, May 1, 2025 only, and will include forward-looking statements. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC, including our most recent annual report on Form 10-K and subsequent filings. During this call, we may discuss certain non-GAAP financial measures. In our press release, slides accompanying this webcast and our

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